Save Big With These Smart Year End Planning Steps | Richard Rosso & Danny Ratliff

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At the end of every year, there’s a list of prudent steps to consider that can make a big positive difference to your financial prospects — but only if you take them before January 1st arrives.

If 2024 was a good year to your portfolio, don’t fumble your success right at the goal line by failing to take the right measures.

Or if your wealth goals didn’t go according to plan this year, then do everything you can to increase the odds for a better performance in 2025.

From tax loss harvesting to portfolio rebalancing to maximizing your retirement contributions, there’s a substantial number of smart tactics you should look into taking now — while you still have time.

A top challenge regular investors have with year-end planning is that it sneaks up on them. The winter holidays arrive before you know it and then…a lot of these steps just don’t get taken.

Which is a shame, because a little prudent attention on these today can result in outsized benefits in the future.

Another challenge is that many investors just simply don’t know the right year-end planning steps to take, or how to take them.

In today's video, we sit down with Richard Rosso and Danny Ratliff, the financial planning experts at Real Investment Advice (Lance Roberts' firm) for a deep dive into these end-of-year best practices.