August; time for a check up
Back to school is often a very busy time for many families. A quick tune up on your finances may pay great dividends later with a few steps now. Here are a few suggestions:
- As you get your kids ready to go back to school; have you checked their 529 accounts? Here’s a great article if you are looking for more information. We are happy to discuss whether a 529 account makes sense for you.
- Have you checked your 401k contributions for the year? It’s a good rule of thumb to contribute at least to the company match in your 401k. The limit for employee contributions in 2023 is $22,500, with a catch up over 50 of an additional $7500.
- Economic pundits frequently debate the arrival of recessions. Regardless of the accuracy or inaccuracy of those predictions, it’s always a great idea to have an emergency reserve of at least 6 months.
Have any questions? We’d love to talk!
Orchestrating Fiscal Harmony™,
Kelly Kunst CFP®
2023 Five Star Wealth Manager
Click here for additional information and disclosures regarding this award program.
Once again, I am honored to be named a Five Star Wealth Manager by Texas Monthly. Nearly 4,000 Dallas-Fort Worth wealth managers were considered for the award; ten percent of these candidates were named 2023 Five Star Wealth Managers. Being recognized is always nice, but the real blessing is serving families and helping them on the path to Fiscal Harmony LLC in their lives.
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