It is true that each and every new year,
we all are faced with the same question, what are the goals that I’m going to
commit myself to? Unfortunately, most people will answer this question with a
long list of goals and resolutions that may seem to be pretty unreal. The
problem with such people is that they easily get to the end of the year without
achieving more than 10% of their goals that they’ve listed. So, if you’re
positive enough to change last year’s failures into this year’s success, you
got to follow certain suggestions for not only building the goals of 2015 but
also accomplishing them. Here are some meaningful goals that you can keep in
front of you.
1. Set
your personal financial plan:
Majority of the professional and certified financial planners believe that
everyone should have a financial plan of their own and they should review this
plan in regular intervals so that they know how much they’ve reached and what
else they need to do to achieve them. You will always see people who are
nearing their retirement and almost all of them have never achieved their
financial plans as they’re retiring with debt. Financial planning, if done
correctly and at the right time will certainly reap good results. Think twice
before putting all your assets into one basket as this is the biggest mistake
that is committed by most.
your personal financial plan:
Majority of the professional and certified financial planners believe that
everyone should have a financial plan of their own and they should review this
plan in regular intervals so that they know how much they’ve reached and what
else they need to do to achieve them. You will always see people who are
nearing their retirement and almost all of them have never achieved their
financial plans as they’re retiring with debt. Financial planning, if done
correctly and at the right time will certainly reap good results. Think twice
before putting all your assets into one basket as this is the biggest mistake
that is committed by most.
2. Max
out on your yearly investments:
There are many people who are not maxing out their annual contributions to
savings accounts, retirement plans or even 529 plans for their kid’s future.
This is a New Year and hence now is the right time to determine the limit for
each plan, how much money you can afford and to ensure that you’re keeping
aside this amount of money each month.
out on your yearly investments:
There are many people who are not maxing out their annual contributions to
savings accounts, retirement plans or even 529 plans for their kid’s future.
This is a New Year and hence now is the right time to determine the limit for
each plan, how much money you can afford and to ensure that you’re keeping
aside this amount of money each month.
3. Stay
prepared to pay taxes: Now that we have
stepped into 2015, it is high time that you make sure whether or not you’re
doing proper planning about your taxes so that you don’t have to rush during
the year-end to complete all those tax-saving tasks. According to your age, you
can add an additional $5500 to your 401(k) and $1000 to your Individual
Retirement Account. You should also check whether you’re withdrawing your
required minimum distribution. Always do a mock-tax return so as to get an
idea.
prepared to pay taxes: Now that we have
stepped into 2015, it is high time that you make sure whether or not you’re
doing proper planning about your taxes so that you don’t have to rush during
the year-end to complete all those tax-saving tasks. According to your age, you
can add an additional $5500 to your 401(k) and $1000 to your Individual
Retirement Account. You should also check whether you’re withdrawing your
required minimum distribution. Always do a mock-tax return so as to get an
idea.
4. Organize
your finances: It’s vital to
preserve all your tax and investment documents. If handling too much paperwork
is getting messy, then you can follow a system. The best option for you is to
find a best online storage system and drop all those documents into that
program. This will certainly cut down on clutter and also save a few trees
every year.
your finances: It’s vital to
preserve all your tax and investment documents. If handling too much paperwork
is getting messy, then you can follow a system. The best option for you is to
find a best online storage system and drop all those documents into that
program. This will certainly cut down on clutter and also save a few trees
every year.
So, if you wish to
lead a financially successful 2014, you should follow the above mentioned
goals. Did goodbye to credit card debt and get help from the professional
companies to repay your debt with ease.
lead a financially successful 2014, you should follow the above mentioned
goals. Did goodbye to credit card debt and get help from the professional
companies to repay your debt with ease.