Hey – Michael and Ashley here.
(Ashley likes the pumpkin-spiced everything – Michael not at all)
Happy Friday to 1,066 Business Owners and Professionals focused on growing their net worth.
Here is a planning tip to take action on before the Holiday Madness takes over.
Did I mention that it is Forty-one (41) days until Thanksgiving?
As the air turns crisp and pumpkin-spiced everything takes over, it’s time to give your finances a little TLC. The holidays are just around the corner, and between year-end tax moves and holiday shopping, things can spiral quickly. With a proactive approach, you can avoid financial headaches and start the new year feeling confident.
Maximize Your Retirement Contributions
Got a 401(k)? Now’s your chance to hit the max contribution before December sneaks up. If your employer offers a match, don’t miss out—free money isn’t something you leave on the table.
Job hopping? Roll over that old 401(k) into an IRA or your new employer’s plan. One less account means fewer fees and fewer “Where was that password again?” moments.
Make Taxes Your Friend (Kind Of)
Embrace Taxes as Your Ally (Sort Of); taxes don’t have to be a springtime surprise.
Start planning now to make things easier—and cheaper. By strategizing early, you can potentially reduce your tax burden and have more control over your financial situation.
Think charitable donations, HSA contributions, or logging investment losses.
Bonus: A chat with your financial professional now could help you find ways to reduce next year’s tax burden.
You’ll thank yourself when April rolls around, and you’re not scrambling through shoeboxes of receipts. Instead, you’ll be able to enjoy the spring without the stress of last-minute tax preparations.
Plan Holiday Spending (So January Isn’t a Financial Dumpster Fire)
Going wild during the holidays is tempting, but that “worry about it later” mindset usually backfires.
Be wise—set a spending plan now for gifts, travel, or big-ticket year-end expenses like property taxes. This proactive approach will help you stay within your budget and avoid financial stress in January.
The best holiday gifts? A January credit card statement that doesn’t make you cry.
Friendly Heads-Up: Tannery Company only has a limited number of new client spots open for 2025. Make sure you’re organized and booked with us before the end-of-year rush kicks in.
Wrap It Up
With just a little effort this fall, you can get your retirement savings on track, your tax strategy sorted, and your holiday budget set.
A few smart moves now will help you start the new year ahead of the game, ready to enjoy the season instead of worrying about financial mishaps. Because a good plan today beats January regrets any day.
Can’t wait to get next week’s blog?
