Your list my look totally different from mine, the important thing is to analyse your particular situation. I’m not big on New Year’s resolutions, nor do I put much stock in turning the page on the calendar. However as one year turns to another, it is a convenient time to take a look at your finances and take action for the future. These 9 items are of importance to my family and our current situation, I hope to address each one over the following weeks, and as they are completed I plan to add updates linked to this article. They are not listed in order of importance.
- Roll over my wife’s old 401k
- Update the beneficiary information for all accounts
- Create a notebook with all financial and real estate information
- Shop for a new bank (I’m not impressed with Wells Fargo)
- Look into a Home Equity Line of Credit
- Record all dividend income for 2016 including 401k, and 403b accounts
- Get a new rewards credit card
- Tally all savings, investments, principal pay downs, pension contributions, and charitable donations for 2016
- Begin completing my tax preparation forms
What’s on your current money-do list? Yesterday was a better day to get started then today, but today is a better option then tomorrow, so get to it.