Ep 31: End of Year Financial Checklist

We’re all ready to put an end to 2020 and turn the calendar to a new year, but first things first. Let’s look at the end of year planning conversations you should be having with your advisor before January 1.

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The Game Plan

We’ve finally reached the final few weeks of 2020 and many of us are ready to say goodbye to the year.

Even though we all have plenty going on, it’s important to take a close look at your finances to see what moves or adjustments you need to make before the end of the year. Join us on this episode as Dale shares six different planning items that need to be on your financial checklist.

Listen to the full episode or click on the timestamps below to skip around to specific topics.

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[2:34] – Item 1: Should we max out contributions?

[4:10] – Item 2: Reviewing CARES Act and RMDs

[5:35] – Tax considerations for waiting on RMDs

[6:51] – Item 3: Exploring Tax-Loss Harvesting

[7:57] – Item 4: Charitable contributions

[9:48] – Item 5: Purchases that would give you a tax credit

[12:08] – Item 6: Roth Conversion Conversation

[16:03] – Thanks for a great 2020


“For those of you that have a really good income and don’t really need to take RMDs, then don’t take them. Let them accumulate in your retirement plan.”

– Dale Tondryk

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