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.

Contact us for a review and update of your plans.