The New Year approaches, and there's no better time to get your financial house in order. Retirement contributions, budgeting, tax preparation – now is the time to start thinking about these things.
So, let's get started. Let's get planning for a great, financially-sound 2021.
Get your tax preparation in order
It's easy to spend time worrying about tax. It's also easy to end up overpaying tax and eating into your savings – savings that are rightfully yours. How about making 2021 the year that you put all of this behind you? How about making 2021 the year that you get your tax preparation out of the way early?
We offer expert tax preparation and planning services that go far beyond year-end tax planning. We can help you get to the bottom of your current situation, plan your tax in the long term, and limit your tax liability. 2021 is going to be a very good year indeed.
Set yourself some goals for the coming 12 months
What would you like to get done in the New Year? What kind of financial goals do you have in 2021? Think about this and then begin to develop a plan for achieving these goals.
The specifics of your goals are up to you. Perhaps you want to help your kids with their education or to support them as they start a new business. Or, maybe your aims are more geared to improving your home or taking the holiday you've always dreamed of. It doesn't matter what you are aiming for – where there is a will, there is a way. It all begins with realistic goal-setting and a positive plan of action.
Align your budget with the first two points
Be prepared to make significant changes to your budget. You might find that you were overpaying tax and that your budget now stretches a little further. On the other hand, you may discover that your 2021 goals require a significant diversion of funds from other areas and that you don't have quite as much spare cash as you first thought.
Basically, you need to start preparing your budget for the New Year. Speak to our expert advisors and let us help you understand how your needs may change in 2021 based on what you tell us about your plans for the coming year. Budgeting doesn't have to mean plunging into complete austerity and cutting out all the things that make life great – it simply means a bit of restructuring.
Go a bit further with your retirement contributions
If there is one thing to overspend on in this coming year, it's on your retirement contributions. After all, these contributions are not "expenditures" at all in the long term. They are crucial contributions to that all-important retirement fund and an investment in the future.
The team here at OWLFI can help you with your retirement planning and guide you as you seek to get the best from your investment and maximize your wealth. 2021 is a great time to push those retirement contributions a little bit further.
Ready to get started? There's no time like the present
Whether you are reading this on December 1, on New Year's Eve during the countdown to a New Year, or sometime in January 2021, it doesn't matter. There's no time like the present to get started on financial, retirement, and tax preparation.
We help people just like you here in Lenexa, KS and across the region to get their finances in order and to plan for a bright future. Get in touch today and find out what we can do for you.