Happy holidays everyone!
As we head into the new year, I thought I would post a few things I have been working on with the idea that it may help others:
1) tax loss harvesting
2) review and update trust, will, health directives, insurance coverage, and beneficiaries for all financial accounts.
3) review and update written financial and retirement spreadsheet
4) update goals for 2016
5) schedule free retirement plan reviews at schwab and vanguard
6) new 401k provider at work
Good news is the new plan allows for after tax contributions, but only allows for 10% of comp (no writing checks to fund it). My first after tax contribution was made almost two weeks ago. I'll be converting this to a mega back door Roth. Since I plan on retiring in 2016, I plan to contribute the max for the year by the day I retire.
7) jan 1- fund our traditional iras and do a Roth conversion shortly after.
8) jan 1- fund the kids 529s for the year
9) run a free credit check with one of the 3 companies
10) prelim tax estimate
11) rebalance accounts to target asset allocation
Wishing you all the best!
Sent from my iPad using Early Retirement Forum
As we head into the new year, I thought I would post a few things I have been working on with the idea that it may help others:
1) tax loss harvesting
2) review and update trust, will, health directives, insurance coverage, and beneficiaries for all financial accounts.
3) review and update written financial and retirement spreadsheet
4) update goals for 2016
5) schedule free retirement plan reviews at schwab and vanguard
6) new 401k provider at work
Good news is the new plan allows for after tax contributions, but only allows for 10% of comp (no writing checks to fund it). My first after tax contribution was made almost two weeks ago. I'll be converting this to a mega back door Roth. Since I plan on retiring in 2016, I plan to contribute the max for the year by the day I retire.
7) jan 1- fund our traditional iras and do a Roth conversion shortly after.
8) jan 1- fund the kids 529s for the year
9) run a free credit check with one of the 3 companies
10) prelim tax estimate
11) rebalance accounts to target asset allocation
Wishing you all the best!
Sent from my iPad using Early Retirement Forum