Year-End Tax Planning Checkup
Have You Covered These 7 Key Areas Before Year-End?
Before December 31, take two minutes to review the financial details that could affect your tax planning. Answer seven quick questions about your investments, retirement accounts, charitable giving, and other important considerations. You'll receive a personalized summary of topics worth discussing with your CPA and Roger Brooks at Strategic Investment Management.
Your Year-End Tax Planning Checkup
Take a moment to review each area. Choose the answer that best reflects what you've reviewed so far.
This checkup is an educational conversation starter, not a tax readiness score, individualized tax advice, or a recommendation to implement a particular strategy. Please consult your CPA or tax professional about your individual situation.
Your Checkup Is Just the Beginning
If your results raised questions, connect with Roger Brooks to review your financial planning considerations and coordinate next steps with your CPA.
Frequently Asked Questions About Year-End Tax Planning
Year-end is an opportunity to review your financial activity, revisit your tax planning strategies, and prepare for conversations with your financial professionals. These frequently asked questions explain what to consider before December 31 and how Strategic Investment Management can help coordinate planning with your CPA.
Before year-end, review your investment gains and losses, retirement account activity, charitable contributions, major financial changes, and estimated tax payments. Roger Brooks at Strategic Investment Management can help you identify financial planning considerations to discuss with your CPA, including potential strategies that may need attention before December 31.
Your financial advisor and CPA can coordinate investment, retirement, and tax planning decisions to help ensure important financial details are considered together. At Strategic Investment Management, we work collaboratively with tax professionals to evaluate how investment activity, retirement distributions, and other financial decisions may affect your broader financial strategy.
Yes, realized investment gains and losses can affect your taxable income and may create opportunities to evaluate tax-sensitive investment strategies. Reviewing your portfolio before year-end can help determine whether tax-loss harvesting, capital gains management, or other adjustments warrant consideration based on your circumstances.
Gather relevant financial records, including investment statements, realized gain and loss information, retirement distribution records, charitable contribution documentation, and estimated tax payment records. Your CPA can confirm which documents are needed for your situation, while Roger can help review investment and financial planning information that may be useful for coordinating your tax strategy.
Ideally, schedule a year-end financial planning review before December 31, especially if you've experienced significant financial changes or have investments, retirement distributions, or charitable giving plans to evaluate. Some planning opportunities have calendar-year deadlines, so connecting with Roger Brooks and your CPA before year-end may provide more time to review available options.
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