16 financial moves to make before the end of the year

It’s almost 2026… do you have a customized financial plan to help you reach your goals and dreams?

Although we can all think of more exciting ways to spend our time, organizing our financial future will pay huge dividends in the long run. We recommend to use the calm before the year-end holiday busy season to make some smart money and tax moves.

Tax-planning is an important part of investing.  Proper planning and strategies help you save money and accelerate wealth building to reach your goals.

The last two months of the year are often a mad rush so we thought that it is a good time to share the BFM checklist of important items to consider before the calendar year ends, all related to your investments and finances so that you can reach your goals and dreams faster.

Here is a list of recommendation thanks to our friend at Bourbon Financial Management’s yearly checklist.

Summary

1. Review your IRA – 401(k) / 403(b) retirement accounts – Are you on track for a comfortable retirement?

2. Start tax planning! It’s not too early to think about taxes – Asset location & Tax efficiency

3. Rebalance your portfolio

4. Harvest your capital losses

5. Check your emergency fund

6. Review your insurance policies

7. Contribute to your Health Spending Account

8. Contribute to your 529 Plan

9. Determine your net worth

10. Check your credit score

11. Check your beneficiaries

12. Update your estate plan

13. Maximize your business deductions

14. Spending and automated savings – You want to look ahead

15. Manage income tax brackets

16. Take retirement account distributions

And here is the PDF document for this with all the steps explained in more details:

⇒ 16 financial moves to make before the end of the year

Disclosure: this is only for educational purpose. Make sure to work with your CPA, legal and financial advisors, and account for all these subjects.

Note: We would like to thank Patrick Bourbon, of Bourbon Financial Management for creating and sharing this list.

 

 

Published On: 09/30/2025 / Categories: General /