For most of us, it’s too hot to do anything outside, so it seems like a perfect time for a quick mid-year financial checkup.

We will just focus on a few of the highest impact items here.  We can help with any or all!

Do I have a cash reserve in a high yield savings account and is it enough? 

Ask yourself:

  • Have my monthly expenses increased?
  • Have I changed jobs or retired?
  • Have I recently purchased a home or welcomed a new family member?
  • Do I anticipate any major expenses before year-end?
  • Have I used a significant part of my cash reserve without replenishing it?

Am I on track to maximize my employer sponsored retirement plan (401K/403B/457) while there is still time to adjust?

Check:

  • Is my cash reserve well-funded?  See above.
  • Am I receiving the full employer match?
  • Am I possibly overfunded or underfunded due to a bonus or salary increase?
  • 2026 contribution limits (not including employer match):
    • Up to age 50: $24,500
    • Age 50 to 60: $32,500
    • Age 60 to 63:   $35,750

Are my beneficiaries up to date?

    • Have I or my family members had a life event (good or bad) which make an update necessary?
    • Did I just never get to adding/updating beneficiaries the last time I had a life event?
    • Don’t forget to look at life insurance policies and HSA’s, as well as your investment and bank accounts.
    • And while I’m at it, have I completed or at least progressed my estate plan?

Am I appropriately planning for my April 2027 tax bill?

Let’s discuss:

  • Estimated tax payments
  • Roth conversion
  • Capital gain management
  • Charitable giving strategies
  • Medicare IRMAA planning if you’re approaching age 65 or already enrolled
  • Am I taking advantage of eligible Traditional or Roth IRA contributions?
  • Have I taken RMD’s from my non-Schwab accounts?

Linder Financial Services is a dba of Thayer Partners LLC, (“Thayer”).  Thayer is an SEC registered investment adviser.   SEC registration does not constitute an endorsement of Thayer by the SEC nor does it indicate that Thayer has attained a particular level of skill or ability.  This material prepared by Thayer is for informational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Opinions expressed by Thayer are based on economic or market conditions at the time this material was written.  Economies and markets fluctuate.  Actual economic or market events may turn out differently than anticipated.  Facts presented have been obtained from sources believed to be reliable.  Thayer, however, cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source.  Thayer does not provide tax or legal advice, and nothing contained in these materials should be taken as tax or legal advice.