The Top Five Year-End Financial Planning Strategies

'Tis the season for year-end financial planning. Like most people, you're probably thinking about how to minimize your taxes for the upcoming year. While tax accounting is important, it's only one piece of the puzzle. As we close out the year, many other financial planning considerations exist. In this episode, Vestia's Partners and Financial Advisors, Lauren and Kameron, talk about year-end planning. They speak about the top five financial planning strategies that every physician should know. Lauren and Kameron also share their strategies and favorite tricks to save on taxes.

Key Takeaways

[01:19] - The good news about the market today.

[06:01] - The opportunities for doctors in a down market.

[08:06] - How to plan for year-end taxes.

[10:17] - The importance of having a CPA or an advisor.

[15:45] - Lauren and Kameron's strategies for itemized deductions.

[21:41] - Lauren's favorite tax-saving trick.

[25:37] - Why cash is no longer worthless.

[30:24] - Spending employer or self-employed benefits.