A Quarter by Quarter Plan for Financial Wellbeing: Q3 July - September

If you are an organized person (or if you aspire to be more organized), you may be wondering what you can do each quarter to increase your financial wellbeing and confidence when it comes to money.

First, these things should stay constant in a given year:

• A financial advisor should give you a realistic financial plan to use as a framework.

• You should be able to call or meet with your advisor anytime you have a question about money, updating your plan if needed.

• An experienced advisor can build one or several scenarios using financial modeling software to help you understand the pros and cons of different financial decisions.

Beyond these fundamentals, here are a few things you can do in the summer and early fall to help you feel more in control of your financial situation:

3rd Quarter: July - September

This is an excellent time to take a mid-year deep dive with your financial advisor. Here are some important things to cover in your meeting:

• Look at the performance of your accounts, portfolio, and investments.

• Compare with benchmarks and work with your advisor to rebalance if needed.

• Explore a dividend reinvestment strategy with your advisor

• Discuss tax-loss harvesting opportunities (this blog post will tell you more)

• Consider contributions to donor advised funds

• Talk through current benefits that you receive through your employer to prepare for open enrollment in the fall

Click here to learn what you might want to consider for Q4 in October - December

Or if you’d like to speak with a CERTIFIED FINANCIAL PLANNER® Professional about how you can improve your financial health and wellbeing this year, click this link to book a 15-minute call with our advisor Brian Sullivan.

Any opinions are those of Primary Financial Advisors and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. 

Raymond James and its advisors do not offer tax advice. You should discuss any tax matters with the appropriate professional.

Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP® and CERTIFIED FINANCIAL PLANNER® in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.