Year-end financial review

I took a bit of time over the weekend to finish up my year-end financial review. I’ll usually do at minimum a complete personal financial review every quarter, but the year-end one takes a bit more time given the tax planning opportunities.

This year, I have a financial advisor who takes care of my portfolio and rebalancing for me so that saves me a bit of time on most of my portfolio. There is still more work to be done though as I have other accounts including crypto that I’ll need to review.

I think most people miss out quite a bit on a lot of opportunities due to a lack of planning. Financial planning takes discipline and effort. I admittedly hate doing it every quarter, but I know the impact it can have on my financial life. My tax loss harvesting this year will alone save me a few thousand dollars in additional taxes.

For those that are not in the know well enough to manage your own finances, I highly recommend finding quality financial and tax advisors that are proactive planners. Unfortunately there’s a lot of low quality advisors out there, but the good ones are worth their weight in gold.