As of right now, we’re past Labor Day and rapidly approaching the Fall. The days are going to become noticeably shorter, and while football’s on television, we’re still a long way from the “frozen tundra” some of us think about for football weather.
Are you staying on track for your contributions to your retirement accounts?
There’s a good reason to ask this now, even though for most people, it’s the absolute last thing on their minds.
In less than 60 days, we’ll be into the Holiday Season, and that’s going to basically kill the rest of 2023. Then? It’ll be too late.
So my point today is IF you don’t know how much you’ve already put back for the year, or if you’re not sure how much you can put back for the year, then now is an ideal time to look into it. In fact, coming on the heels of last week’s message about withholding, this is really the ideal time to make sure you’re on track OR you’re getting back on track.
Like your withholding, your retirement account contributions – if you jump on them right now – aren’t going to “hurt” while you make up for lost time from earlier in the year.
Just as critically?
By doing it now, you’ll also be setting yourself up for success in 2024.
So this week, dig in a bit and check out where you are. If you aren’t happy, then lets see what we need to do to get back on track and make sure you’re getting your taxes and your savings in good shape for the rest of the year.