How's the first week of your 2023 so far? Dan and Tim discussed the 2023 new year's resolutions for personal finance. First, before you start creating your list, take a step back, and think about two questions: what does money mean to you? What does enough mean to you? Some great financial resolutions are: get your taxes done earlier; plan your medical/specialty visit earlier; adjust account allocations if needed for 401k, 529, stock option/RSUs, etc.; make contributions to your retirement accounts: Roth, back-door Roth, conversion, 401k, etc.; understand SECURE Act 2.0 which may greatly impact your retirement savings; think about making gifting/charity donations earlier; income planning and how to allocate it. Overall, the most important thing is to set realistic and achievable goals so that you can create a positive feedback loop within your personal finances. What are your new year's resolutions?
