Three Small Money Moves That DO Count This Week
- Samantha
- 2 minutes ago
- 2 min read
We’ve officially entered that magical week between Christmas and New Year’s where time doesn’t quite behave the same way.
You know the one I’m talking about.
You’re not totally sure what day it is…Calories don’t count…Leftovers become their own food group… And Christmas pajamas are a completely acceptable daytime outfit.
It’s like the world slows down a little — almost as if nothing really “counts” for a few days.
But when it comes to your finances, there are a few simple things you can do this week that absolutely do count before the ball drops on New Year’s Eve.
And the good news? None of them require spreadsheets, calculators, or ruining that cozy holiday mood.
Here are 3 year-end money moves worth checking off your list:
1️⃣ Take Advantage of Long-Term Tax Strategy
If you found yourself with more income than expected this year — from bonuses, business wins, investments, or a windfall — now is the time to explore strategies that may significantly reduce your lifetime tax bill.
With intentional planning, you can often:
✔ lower taxable income
✔ reposition money more efficiently
✔ and cap your long-term tax exposure
We've helped clients structure plans that keep lifetime taxes to 20%. But many of these strategies must be in place before December 31.
So if this year surprised you (in a good way financially), let’s talk before the countdown begins.
2️⃣ Review & Update Your Beneficiaries
Quick but powerful. Ask yourself:
- Did anything change this year: marriage, divorce, new baby, loss, or new accounts?
Beneficiary designations override your will. If they’re outdated, the wrong people can inherit assets, or the right people may be left out. A 5-minute review today can save your family months of stress later.
3️⃣ Double-Check Your Financial ABCs Before Midnight
Sometimes the smallest year-end moves pack the biggest punch. Before the clock strikes twelve, take a minute to review this alphabet soup: FSA, RMDs & QCD.
FSA — Use Up Flexible Spending Account Funds
Many FSAs follow a “use it or lose it” rule. If you still have a balance, schedule that appointment or stock up on eligible items so those dollars don’t disappear.
RMDs — Required Minimum Distributions
If you’re 73 or older, the IRS requires you to withdraw a minimum amount by December 31 or face a 25% penalty on what you missed. If you’re unsure, we can double-check together.
QCD — Qualified Charitable Distributions
If giving is part of your heart and your plan, gifts made by December 31 may be deductible. And if you’re 70½ or older, a QCD directly from your IRA can help satisfy your RMD while keeping that amount out of taxable income.
A few quiet moves now can create a lot of clarity heading into the new year.
If any of these feel unfinished — or you’d like a second set of eyes — we’re here for you.
Wishing you a peaceful, pajama-approved week ahead.
⬇️Schedule a call... Make this week count.⬇️