As the year winds down, it’s the perfect time to take strategic action
to preserve your wealth, optimize your tax exposure, and build a
lasting legacy. Whether you're focused on growing investments,
giving with intention, or preparing for the future, these year-end
moves can help you finish strong.
Here are four key areas to review:
1. Portfolio Rebalancing
Adjust your allocations to manage risk and lock in gains
Diversify concentrated positions and review private investments
2. Tax Optimization
Harvest losses, time income and deductions, and consider Roth
conversions
Review business income structures and state-specific tax issues
3. Charitable Giving
Use Donor-Advised Funds, QCDs, and charitable trusts to give
with impact
Donate appreciated securities and revisit your philanthropic
mission
4. Legacy Planning
Update estate documents and beneficiary designations
Use gift exclusions, fund education plans, and engage your
family in governance
Before year-end, coordinate with your financial advisor, CPA, and
estate attorney to ensure your plan is aligned and optimized. These
steps can help you enter the new year with clarity and confidence.