5 Tips to Improve Your Finances Before the New Year

 1. Max out your retirement savings

Get a jump start on 2017 by increasing your payroll deduction.  The maximum that an employee can save in to the 401(k) for 2017 is $18,000, and an additional $6,000 as a catch-up if over the age of 50.

2. Set financial goals and revisit them throughout the year

The new year is a perfect time to set your financial goals and put dates on the calendar ahead of time to track your progress.

3. Review your investments regularly

Make sure that your portfolio has the right diversification for your risk tolerance and monitor the funds that you own.

4. Become more investment and financially literate

Use spare time to educate yourself through listening and reading financial periodicals. Choose a couple of topics that you don’t understand and make it a goal to learn more about them.

5. Meet with your financial advisor

Take some time to make sure that you and your advisor are still on the same page for 2017.

File #1984-2016

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Securities and Investment Advisory: Services offered through M Holdings Securities, Inc., a Registered Broker Dealer and Investment Advisor, Member FINRA/SIPC. Rose Street Advisors is independently owned and operated. Rose Street Advisors is a member of M Financial Group. #1984-2016