Start the New Year Off on the Right Foot: Evaluating Your Financial Portfolio and Tax Planning
As we usher in the New Year, it's a perfect time to reflect on our financial goals and make necessary adjustments to make sure our plan matches our short and long-term goals. At Patten Financial Group, we believe that a proactive approach to financial management can set the stage for a prosperous year ahead.
Evaluate Your Financial Portfolio
One of the first steps to starting the New Year on the right foot is to take a comprehensive look at your current financial portfolio. Have your investments performed as expected? Are your asset allocations still aligned with your financial goals? Does my personal risk number align with my overall portfolio risk? These questions are crucial for maintaining a healthy financial strategy.
Why Professional Evaluation Matters: A professional evaluation can uncover potential risks and opportunities within your portfolio that you might overlook. Whether it’s a fresh perspective or a second set of eyes, Patten Financial Group can provide a thorough analysis, verifying your investments are diversified and aligned with your long-term objectives. This tailored approach helps you make informed decisions, strengthening your portfolio’s performance and minimizing risks.
Focus on Tax Planning
As we step into the New Year, tax season is just around the corner. This time of year, it's essential to revisit your tax planning strategies, especially if you're a business owner facing significant tax obligations. Proper tax planning can help you identify deductions and credits that might otherwise be missed, potentially lowering your tax liabilities.
Why Tax Planning is Crucial for Business Owners: Business owners often have complex financial situations that require meticulous tax planning. Many CPAs focus primarily on compliance, but at Patten Financial Group, we go beyond that. Our tax planning professionals can help you implement strategies designed to maximize your tax efficiency. This includes evaluating your income, expenses, and investments to uncover opportunities for tax savings.
Take Action Now
The beginning of the year is an ideal time to set the foundation for financial success. Don’t wait until tax season is upon you to make these critical evaluations. Contact us today to schedule your portfolio and tax planning review. Together, we can develop a comprehensive strategy that aligns with your financial goals and sets you up for a successful year.
At Patten Financial Group, we’re committed to helping you achieve your financial dreams. Start the New Year off on the right foot by making sure your portfolio and tax planning are in optimal shape. Reach out to us today to learn more about how we can support your financial journey.
Contact Us: (219)312-4128
Investment advisory services offered through Redhawk Wealth Advisors, Inc., an SEC Registered Investment Advisor. SEC Registration does not imply any level of skill or understanding. Redhawk Wealth Advisors and Patten Financial Group are unaffiliated and separate legal entities.
