7 financial steps to take at the end of the year

The end of the year often makes people feel reflective about the year they’ve had and contemplative about the year to come. As you think about how 2022 treated you, it’s a good time to think about the financial steps you need to take at the end of the year—from reviewing your retirement plan to assessing how well insured you are—and taking those steps now to get started. 2023 with your best foot forward.

Financial Step #1: Donate to charity

The Christmas season is synonymous with charitable donations. If you’re in the spirit of giving this season, be sure to keep track of your donations and save your receipts. If you itemize your deductions on your tax return, you can claim those donations to lower your tax bill.

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