7 Financial Planning Steps to Take at the End of the Year

These moves are good to make at any time of the year, but doing them before 2023 arrives can help you enjoy a fresh, confident start to the new year.

The year 2022 spelled out in blocks is changing to 2023.
(Image credit: Getty Images)

The end of the year often has people feeling reflective about the year that they’ve had and contemplative about the year ahead. While you’re thinking about how 2022 treated you, it’s a great time to think about financial steps to take at the end of the year — from reviewing your retirement plan to evaluating how well insured you are — and to take those steps now to start 2023 with your best foot forward.

Financial Step #1: Donate to Charity

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Andrew Rosen, CFP®, CEP
President, Partner and Financial Adviser, Diversified, LLC

In March 2010, Andrew Rosen joined Diversified, bringing with him nine years of financial industry experience.  As a financial planner, Andrew forges lifelong relationships with clients, coaching them through all stages of life. He has obtained his Series 6, 7 and 63, along with property/casualty and health/life insurance licenses.