October - Financial Planning Month

While October has often been characterized as a scary month for stocks, financial planners this year have decided to change this image.

The timing is perfect— allowing advisors to reflect on what has already happened, and still having time to make smart moves for the future. Strategies like tax loss harvesting and weaving charity into allocation adjustments work best when they are done ahead of time. If you wait until the last minute, you could miss out on big opportunities.

Another reason for this month is because the final quarter has started. This time is well spent being proactive about the upcoming year. The last three months are the perfect time for clients to meet with their advisors and discuss tax optimization, Roth conversions, rebalancing portfolios, and most importantly maximizing retirement contributions.

With persistent inflation, the challenge of adequate lifetime cash flow is greater than ever. It requires fresh thinking and careful modeling of budgets, scenarios, and tax planning. Schedule a meeting with your financial advisor to review financial goals and portfolio positioning.

These actions can help you start 2026 off strong, positioned for growth and success!