Day: December 9, 2025
2025 Year-End Financial Checklist
As the holiday season approaches and the year winds down, it’s the perfect moment to pause and take stock of your financial well-being. A little planning now can set you up for confidence and clarity in the new year. Use this checklist as a guide while you close out 2025 and get ready to step into 2026 on solid footing. 1. Boost Your 401(k) Before the Deadline Your workplace retirement plan is one of the most effective ways to build long-term wealth. Try to contribute as much as you comfortably can—and be sure you’re getting the full employer match if one is offered. For 2025, the 401(k) contribution limits are $23,500 per year, or $31,000 if you’re age 50 or older. If you are between the ages of 60 and 63, you are eligible to contribute up to $34,750. Check your payroll contributions or speak with your plan provider to confirm whether you need to make any last-minute adjustments before December 31. 2. Don’t Forget Your RMD If you’re 73 or older, the IRS requires you to take a Required Minimum Distribution (RMD) from your tax-deferred retirement accounts, such as IRAs and 401(k)s. This ensures the IRS can begin collecting
2025 Year-End Financial Checklist
As the holiday season approaches and the year winds down, it’s the perfect moment to pause and take stock of your financial well-being. A little planning now can set you up for confidence and clarity in the new year. Use this checklist as a guide while you close out 2025 and get ready to step into 2026 on solid footing. 1. Boost Your 401(k) Before the Deadline Your workplace retirement plan is one of the most effective ways to build long-term wealth. Try to contribute as much as you comfortably can—and be sure you’re getting the full employer match if one is offered. For 2025, the 401(k) contribution limits are $23,500 per year, or $31,000 if you’re age 50 or older. If you are between the ages of 60 and 63, you are eligible to contribute up to $34,750. Check your payroll contributions or speak with your plan provider to confirm whether you need to make any last-minute adjustments before December 31. 2. Don’t Forget Your RMD If you’re 73 or older, the IRS requires you to take a Required Minimum Distribution (RMD) from your tax-deferred retirement accounts, such as IRAs and 401(k)s. This ensures the IRS can begin collecting
