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Erin Ansalvish

Fall Financial Check-Up

Erin Ansalvish

August 27th, 2018 | Written by

Fall Financial Check-UpAs summer winds down, vacations are dwindling, and kids are heading back to school.  Remember the financial goals you set back in January? Now is a great time to revisit them with the holidays and end of year quickly approaching.

Review Your Retirement Savings

Are you maximizing your 401(k) contributions?   Now is a great time to evaluate what you’ve contributed to your 401(k) so far this year.  Consider increasing your contribution for the remainder of the year to maximize your savings.  If you are under the age of 50, the 2018 salary deferral limit is $18,500; it is $24,500 if you are age 50 or older.

Set a Holiday Budget

With the holidays right around the corner, now is a great time to start putting aside spending money.  Take a deeper look at your finances, determine what you want to spend this year and put aside an amount each week for holiday spending. Take it a step further and start getting your gift list together so you don’t miss deals and sales.

Evaluate Your Debt

Did summer travel take a beating on your savings and credit cards? Now is the time to develop a plan to pay down that debt. Aim to pay more than the minimum payment, ask for an interest rate reduction, or find a card that has no interest.

Prep for Energy Savings

With the cooler months quickly approaching, what better time to prep for home energy-savings.    Some energy tips include turning back your thermostat, schedule service for your heating system, and caulk or weather strip to seal air leaks around leaky doors and windows.

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The Prosperity Consulting Group registered as a Registered Investment Advisor (RIA) in 2005. We have with a passion for providing clients with objective investment advice and wealth management solutions. Our purpose, coupled with our fiduciary commitment, is essential in helping clients achieve their financial goals. Our firm is dedicated to providing unparalleled financial planning and investment advice to individuals, families, businesses and institutions. We have identified key areas that are critical and integral to a client’s financial success. These planning areas encompass: Investment Planning & Management Retirement Planning Estate Planning Tax Planning Business Planning Insurance Planning Income Protection & Asset Preservation Education Planning 401(k) Planning
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