Mid-Year Financial Checkup: 6 Smart Moves to Make Before Summer Ends
Vice President, Wealth Management Advisor
As we reach the halfway point of 2025, now is the perfect time to step back and evaluate your financial progress. A mid-year review can help ensure you stay on track, make timely adjustments, and take advantage of planning opportunities before the year slips away.
At WealthSouth, we believe successful financial planning isn’t just about reacting, it’s about proactively making decisions that align with your values, lifestyle, and long-term goals. Here are six smart moves to consider this summer:
1. Revisit Your Financial Goals
Are you progressing toward your 2025 goals?
Have your spending or savings habits shifted?
Do you need to adjust your plan for an upcoming purchase or life milestone?
2. Maximize Retirement Contributions
Make sure you’ve contributed at least half of your planned amount to your 401(k) or IRA.
Take advantage of catch-up contributions if you’re age 50 or older.
Reevaluate whether Roth or Traditional contributions make more sense this year based on your income and tax situation.
3. Rebalance Your Investment Portfolio
Review your current asset allocation.
Ensure your investments still align with your risk tolerance and retirement timeline.
Consider opportunities to harvest gains or reduce exposure to sectors that may no longer serve your strategy.
4. Check In on Tax Planning
Are you on track to owe, or get a refund?
Should you adjust your withholdings or estimated payments?
Have you considered charitable contributions, Roth conversions, or tax-loss harvesting as part of your 2025 strategy?
5. Evaluate Insurance and Health Savings Accounts (HSAs)
Is your life insurance or disability coverage still appropriate?
Have you contributed to your HSA this year (if eligible)? Don’t miss out on the triple tax advantage.
Have you reviewed your beneficiary designations? Mid-year is a good time to make updates, if needed.
6. Review Your Estate and Legacy Plan
Is your will, trust, or power of attorney still up to date?
Have there been births, deaths, or marital changes in your family?
Are there gifting opportunities to consider this year?
Ready to Take the Next Step?
The second half of the year is full of opportunity. If your plan is aligned and intentional. Whether you’re catching up on retirement savings, reviewing your portfolio, or fine-tuning your tax strategy, we can help you make the most of the months ahead.
Because the best financial plans don’t just sit on a shelf, they evolve with you.
Let’s connect and make sure your financial plan finishes 2025 as strong as it started.
Adam Yates, CFP® is a Wealth Management Advisor with nearly 20 years of experience in financial planning. A graduate of Western Kentucky University, Yates is a Certified Financial Planner®
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