4 Important End-of-Year Financial Planning Tasks for Advisors, Clients
Everyone wants to save money and prepare themselves and their families for the future. But that can only happen if clients establish well-defined goals and take the necessary steps to put advisors’ strategic advice to work.
Here are the Top 4 end-of-year financial planning tasks every client needs to complete:
1. Budgets<br><br>
Creating budgets with your children is also a great way to teach kids about money and the difference between a need and a want.
"The Helpful Steps program starts with kids as young as five years old," said Kara Kaiser, regional president for M&I. "Giving kids a financial education will prepare them for every stage of life, from saving for college to buying a house."
2. Retirement<br><br>
3. College<br><br>
Each state offers residents a 529 college savings plan that provides tax benefits or other perks to help parents and students prepare for college bills.