Ep. 19 3 Retirement Tips For The End Of The Year

The end of the year is upon us which means there is a lot to do to get ready for 2022. One thing you do not want to neglect is making sure your finances are in order. As someone in retirement or someone who is preparing for retirement, you want to make sure that you take care of all the various financial planning items that become due on 12/31 of each year.

On today’s episode we start a series where we will address 3 financial planning tips you should consider before the year is over.

Show Outline:

To begin the episode CFP Professional Eric Schrum discusses the benefits of maxing out your 401k if you have extra money left over. These benefits included tax breaks and super charging your retirement account. Next, Eric shares an often overlooked topic but something that is crucial to all of your advisors working on the same page- Scheduling a meeting with your CPA & Financial Advisor. Finally Eric discusses the often complex topic of Tax Loss Harvesting!

Resources Provided in this episode:
Eric’s feature in Business Insider- https://www.businessinsider.com/personal-finance/what-financial-advisors-think-of-early-retirement-2021-11
Christian Retirement Planner Website- www.christianretirementplanner.com
Email Eric- eric@schrumpw.com
Link to Show on Apple- https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100
Link to Show on Spotify- https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=cdANypiGQcqroCk0ATQxgA&dl_branch=1