Updated: Aug 18, 2022
I hope that this note finds you and your loved ones doing well. We now have over two months of the New Year in the books, and it has been a busy one for sure. My daughter participated in a cheerleading competition for Oviedo High School at the University of Florida. My son has been playing on the varsity basketball team and they have had a great season. And of course, the financial markets are tumultuous as predicted in the January update and more so now with the developments in Ukraine.
During this period of uncertainty, I wanted to reach out to you with a couple of value-added pieces that I think will enhance and guide your financial planning considerations over the balance of 2022. During these times it is often helpful to focus our attention on things that we can control such as planning considerations left unfinished. Attached is a list of important numbers that we send out annually and a new checklist of financial planning considerations to review for 2022.
2022 IMPORTANT NUMBERS
As tax rates, contribution limits, plan types and deductions evolve from year to year it can be difficult to keep track of all the changes. To help you keep it all straight you will find our 2022 list of important numbers attached. This is a great reference guide to keep on hand and use throughout the year as you have questions about these topics.
WHAT ISSUES SHOULD I CONSIDER AT THE START OF THE YEAR?
The new year gives us an opportunity to reflect on the past year, look forward to new insights and address planning opportunities that may have come across your radar. When it comes to planning for the year ahead, sometimes we may need a reminder or you may find yourself asking where to start. Attached is a checklist with common considerations to help guide your thoughts and identify areas you would like to focus on this year.
If you anticipate any adjustments to your income, investment contributions, or financial plan based on these numbers then please do not hesitate to contact me. Should you need any further information, or want to discuss strategies to implement these considerations then feel free to reach out as well.
Have a friend, co-worker, or family member who recently shared about retiring, changing jobs, needing a financial plan, or 401(k) rollover? We offer a complimentary consultation for anyone you think could benefit from our services.