7 Financial Steps to Take at the End of the Year

The end of the year often has people feeling reflective about the year that they’ve had and contemplative about the year ahead. While you’re thinking about how 2022 treated you, it’s a great time to think about financial steps to take at the end of the year — from reviewing your retirement plan to evaluating how well insured you are — and to take those steps now to start 2023 with your best foot forward.

Financial Step #1: Donate to Charity

The holiday season is synonymous with charitable giving. If you’re in the giving spirit this season, be sure to keep track of your donations and keep your receipts. If you itemize your deductions on your tax return, you may claim those donations to lower your tax bill.

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