Part 1: New Year, Fresh Start: Financial Planning for 2025-Financial Foundation Checklist

Pdf Summary

The document is a "Financial Foundation Checklist" curated by Mahew Pisera, a financial planner with multiple credentials like CFP, ChFC, and RICP. It serves as preparation for the "New Year, Fresh Start: Financial Planning for 2025" webinar. The checklist provides guidance on critical financial areas, ensuring individuals start 2025 with clarity and confidence.<br /><br />Key sections include:<br /><br />1. <strong>Savings and Retirement Goals</strong>: <br />   - Emphasizes the importance of a consistent savings rate, recommending saving 10-15% of gross income.<br />   - Details maximum contribution limits for 401(k) ($23,500 plus catch-up contributions), IRAs ($7,000 plus catch-up), and the significance of maximizing employer matches.<br />   - Advises maintaining an emergency fund covering 3-6 months of living expenses.<br /><br />2. <strong>Tax-Efficient Savings Opportunities</strong>: <br />   - Discusses Health Savings Accounts (HSA) with 2025 contribution limits, encouraging tax-free growth.<br />   - Covers Flexible Spending Accounts (FSA), advising their optimal use to avoid fund loss.<br /><br />3. <strong>Budgeting and Cash Flow</strong>: <br />   - Stresses the need for tracking income and expenses and aligning spending with personal values.<br />   - Encourages paying more than the minimum on high-interest debt.<br /><br />4. <strong>Financial Goals for 2025</strong>: <br />   - Differentiates between short-term (1-3 years) and long-term goals (e.g., retirement, education), suggesting actionable steps in the next 30, 60, and 90 days for goal achievement.<br /><br />5. <strong>Webinar Preparation</strong>: <br />   - Encourages participants to consider their biggest financial challenges and bring questions about savings accounts or retirement planning.<br /><br />The checklist also outlines general "Rules of Thumb" for savings, retirement contributions, and debt management. Additionally, it provides essential contact information and clarifies that investment advisory services are offered through Eagle Strategies LLC and NYLIFE Securities LLC.

Asset Subtitle

Prepare for the "New Year, Fresh Start: Financial Planning for 2025" Webinar

Take the first steps toward building a strong financial foundation by reviewing your current financial situation and identifying areas to improve. Use this checklist to prepare for the webinar and start 2025 with clarity and confidence.

Keywords

Financial Planning

Savings Goals

Retirement Contributions

Tax-Efficient Savings

Budgeting

Cash Flow

Financial Goals 2025

Emergency Fund

Webinar Preparation

Investment Advisory