Evaluate your finances with the help of an investment advisor.

An investment advisor can help you evaluate your finances.

Even though the holidays can be hectic with presents to buy, travel plans to make and gatherings to attend, now is the best time to sit down with your investment advisor and assess your finances for the coming year. There are many great ways to improve your wealth investment before 2016, which can ultimately increase your net worth.


Even though you may be a long way away from your retirement, you should be looking at your accounts every year to ensure they are on track. Even though you can continue to contribute to your retirement funds through April 2016 for the 2015 year, now is a great time to play catch up if you aren’t contributing enough to receive your employer match or you find yourself falling short of your goals. Your private wealth management professional can help you determine whether you’re on target for the year. If not, go ahead and start maximizing your retirement contributions.

Another retirement-friendly contribution you can make by the end of the year is to make a deposit into a health savings account or HSA. This is especially helpful if you have a high deductible health insurance plan. For the 2015 year, you can put up to $3,350 into your individual HSA or $6,650 for a family HSA. These contributions roll over every year and can be used for medical expenses when you are retired.

Roth Conversion

If you’re a part of the lower tax bracket or made less than usual during 2015, you may want to consider converting some of your traditional IRA savings to a Roth IRA. Although you will need to pay taxes on the money you convert to your Roth, the balance grows tax-free until your retirement. Your distributions will also be tax-free. Now is a great time to sit down with your investment advisor and see if a Roth IRA can help you make the most of your wealth investments.

Property Taxes

Although you may have until January to pay your property taxes, paying in 2015 will allow you to use your deduction for the 2015 tax year. If you earned more money this year, your property tax deduction could give you a little wiggle room in your taxes.

Investment Evaluation

If you have taxable investments, you should be looking at their progress every year. This will allow you to evaluate stocks or funds that haven’t been performing how you want them to. This quarter has been rocky for the stock market so now is a great time to meet with your private wealth management guide and see if you can do any tax-loss investment selling.

Use Auto-Pay

If you have any high-interest debt, the end of the year is a great time to make a plan to knock off your debts. Using automatic payments will help you stay on target and pay your debts down.

For more investment and financial advice, register now. We can help you make the most of your money for the 2016 financial year.