Here are a few reminders to help you stay fiscally fit:
- Review your insurance policies. Double check coverage and beneficiaries.
- Check on the progress of your college, retirement and other savings plans, updating fundamental assumptions if needed.
- In August, take advantage of your back to school sales tax holiday.
- Plan for employer healthcare open enrollment. Begin to review YTD spending, deductible status, etc.
- Be certain not to leave any healthcare FSA or HSA money on the table.
- Get a free annual credit report from annualcreditreport.com.
Plan for these important dates in October: Last day to establish a SIMPLE IRA or Safe Harbor 401k; Open enrollment for Medicare Parts C and D; last day to re-characterize your Roth IRA conversions; extensions expire for filing income taxes.