9 Things to Do Before 2024 Ends
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 1 November 2024
⏱️ 31 minutes
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Summary
Transcript
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| 0:00.0 | Nine things to do before we close out. |
| 0:03.2 | 2024. |
| 0:10.0 | Brian, I am so excited about this because we know just how powerful, a little bit of planning can do. |
| 0:17.0 | And there are some significant decisions that you can make right here at the end of |
| 0:21.7 | the year that can have large impacts, not just this year, but well into your financial future. |
| 0:27.1 | But, Bo, I think there's actually, before we get into all these tips, tricks, and things |
| 0:30.9 | that they should do, everyone should subscribe to the money guys. |
| 0:34.8 | Oh, that is one thing you should do right now before another moment passes, because we love knowing that you are out there so that we can continue creating |
| 0:41.6 | content just for you. All right, Brian, you want to talk about some things that should happen |
| 0:46.9 | before the year. And as a tax guy, I got to believe that this is like near and dear and true to |
| 0:51.9 | your heart. Well, look, we've evolved because we used to do this year-end show, and let me go ahead and give you the Cliff Notes version. |
| 1:00.1 | We'd say defer income, if you can, accelerate your deductions, because all of it was the purpose of minimizing the taxes to be paid. |
| 1:07.9 | But we realize a lot of this stuff needs to be mindset stuff because we go through |
| 1:12.5 | that we close out years, we hit New Year's resolutions, people need something bigger that |
| 1:17.3 | actually brings you into focus what's going on with your financial life. And once again, |
| 1:23.0 | we land on the foundation of all good financial decision making with the financial order of operations. |
| 1:29.2 | That's exactly right. So as we walk through some of these steps, we're going to talk about |
| 1:32.8 | how it falls into the food. So even as we dive into the very first one, we think about the things |
| 1:37.9 | you want to do before year end, the very first thing we think you should do before you begin thinking |
| 1:43.0 | about building wealth and growing |
| 1:45.3 | and moving towards the future is you want to make sure that you have your risk covered. |
| 1:49.2 | So have you yet this year counted your cash? |
... |
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