Course-Correct Before Year-End with Smart, Simple Adjustments
Introduction
When was the last time you looked at your retirement plan, not just your account balance, but your actual strategy? Life moves fast. The market moves faster. A mid-year review helps you pivot with purpose, especially in a year like 2025 where inflation, tax laws, and life transitions may be affecting your financial path more than you think.
As a holistic financial planning firm, we encourage our clients to treat retirement planning like a GPS, check your position regularly, so small detours don’t turn into missed destinations.
1. Review Your Retirement Contributions
Contribution limits often change yearly, and 2025 is no exception.
– Are you on pace to max out your 401(k), IRA, or HSA by year-end?
– Have you considered catch-up contributions if you’re 50 or older?
Even small increases mid-year can yield thousands more at retirement.
2. Reassess Your Asset Allocation
Your retirement investments should evolve as you do.
– Have market swings thrown off your intended balance between stocks, bonds, and cash?
– Are your investments still aligned with your risk tolerance and time horizon?
A quick rebalancing can help restore stability .
3. Confirm You’re On Track for Your Retirement Age
Many clients set a target age for retirement, but don’t revisit it often enough.
– Has your income changed this year?
– Are you spending more or less than expected?
– Do you now want to retire sooner or later?
Adjusting your plan now ensures your future lifestyle isn’t a surprise.
4. Check in on Roth Conversions and Tax-Management Moves
Roth conversions can be a powerful strategy, especially if you’re in a temporary lower tax bracket this year.
– Converting a portion of your IRA to a Roth now may save you taxes in retirement.
– Consider harvesting capital gains or losses to strategically manage your tax bracket before December 31.
5. Factor in Life Changes and Goals
Your plan should evolve with your life.
– Did you have a baby, change jobs, get married, or lose a loved one this year?
– Are you planning a move, launching a business, or caring for aging parents?
A mid-year checkup ensures your retirement plan reflects your current priorities.
Holistic Perspective: Your Retirement Plan Isn’t Just About the Future
It’s about giving you clarity and control now. We approach retirement planning by integrating it with your whole life, cash flow, taxes, estate plans, insurance, family dynamics, and even your values. A mid-year checkup is more than a financial review. It’s a pause to make sure your life and your plan are still heading in the same direction.
Organize & Simplify
Let’s get eyes on your retirement plan, before the year slips away. A quick review now could add years of more confidence later. Book your mid-year review today.
Converting an employer plan account or Traditional IRA to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may include a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Diversification and asset allocation do not guarantee a profit or protect against loss.
When you are ready:
Contact US to schedule your discovery call at 903-533-8585 to begin YOUR Feliciano Financial Blueprint.
Still want to learn more? Check out:
- Wealth Management Services
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This content is for educational purposes only and does not constitute legal advice. Please consult a qualified attorney for legal recommendations. Tax and legal services are not offered by Integrity Alliance, LLC. Securities and investment advisory services offered through Integrity Alliance, LLC, Member SIPC. Integrity Wealth is a marketing name for Integrity Alliance, LLC. Feliciano Financial is not affiliated with Integrity Wealth.
