End-of-Year Tips

Good morning,

Here is your Tuesday Junto newsletter!

The new year is coming and I’m a sucker for resolutions and end-of-year reviews. When it comes to personal finance, the end of each calendar year is a great time to make sure you’re sticking to your plan. Or, if you don’t have a plan, make one for the new year.

“Most people don’t plan to fail, they fail to plan.”

News You Should Know 📰

Ordinary Investors Who Jumped Into Crypto Are Saying: Now What? (NYT)What happens if Supreme Court strikes down Biden’s student-debt relief (BI)The looming debt ceiling fights could be the messiest since 2011 (CNN)Did You Sell An Old Desk Online? You May Receive a Tax Form (NYT)Fed to Weigh Higher Rates Next Year (WSJ)The IRS is coming for crypto – but it’s complicated (Axios)Nike Parts Ways with Kyrie Irving (WSJ)

Dow Jones: -0.15% | S&P 500: 0.10% | Nasdaq: -0.12%

As of MM/DD market close

Expert Tip of The Week 💎

“A year-end review can help you understand how your financial situation has changed throughout the year. This can give you a sense of your strengths and weaknesses, and help you to identify areas where you need to make changes.”

Tax-Loss Harvesting: Reduce your taxes by selling assets that have declined in valueRebalance Your Portfolio: As prices change, your allocation does too. Stick to the plan!Review Your Spending: Identify any problem areas and make a planUse Your End-of-Year Bonus Wisely: Treat yourself or a loved one, pay down debt, and save/invest!

Read the Full Article: Financial Checklist For a Quick, Painless End-of-Year Review

Announcements 🔈

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As always, please enjoy and let me know what you think. Get after it this week!



PS: The Junto community is officially 100+ and growing quickly! Thank you so much for your support.

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