Financial Planning Calendar

The beginning of the year is a great time to set your intentions and establish good habits to ensure you save enough for your goals. Mpower helps you establish your goals, identify ways to save more, and track your progress.

Reviewing tax returns can be daunting and difficult given the many complexities and often changing rules. During the months of March and April, Mpower will help you identify planning opportunities (and spot potential issues) with your tax returns.

Mid-year is a good time to review your investment portfolio and company retirement plans to ensure your strategy and asset allocation continue to align with your current financial situation, risk tolerance, needs, and goals.

Estate planning is not a fun topic to discuss, but it should not be ignored. It is not just about having a will. Just as important is to review the beneficiaries you have named in your life insurance, IRAs, and 401(k) plan. Another tool is to utilize transfer on death accounts.

An annual insurance review is critical to ensure you are adequately protected and to address any changes in your life. Deductibles, limits, exclusions, and endorsements can be hidden in the fine print, making it hard to understand the true extent of your protection.

Mpower will help you spot planning opportunities that are time-sensitive at year-end. These include things like year-end gifts to charity and family and tax-loss harvesting in your portfolio that may reduce your income tax liability.