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End of 2023 Financial Checklist with John Mateyko, APMA®, WMCP™, RICP®

John Mateyko
Photo Credited to: John Mateyko

By: John Mateyko

As the end of the year closes in, now is a great time to take inventory of your finances and make a list of steps you need to take to end the year on a strong financial note. 

To help, I thought I’d share a few tips on where to focus your efforts as you wrap up the year: 

  1. Review Investment Portfolio: Take some time to assess your investment portfolio’s performance throughout the year. Identify any underperforming assets and consider rebalancing your portfolio to align with your long-term goals.
  1. Tax Planning: Evaluate your tax situation and explore strategies to minimize your tax liability. This may include maximizing contributions to tax-advantaged accounts like IRAs or 401(k)s, harvesting tax losses, or making charitable donations.
  1. Estate Planning: Review your estate plan to ensure it reflects your current wishes. Update your will, review beneficiary designations, and consider setting up or updating any trusts to protect your assets and provide for your loved ones.
  1. Insurance Coverage: Review your insurance policies, including life, health, home, and auto insurance. Assess whether your coverage is adequate and make any necessary adjustments to protect your assets and loved ones.
  1. Retirement Planning: Evaluate your progress towards retirement goals and make any necessary adjustments. Assess your retirement savings, consider increasing contributions, and review your retirement income strategy.
  1. Evaluate Debt: Review your outstanding debts and consider strategies to manage or reduce them. Explore opportunities to refinance high-interest debt, consolidate loans, or create a repayment plan to become debt-free sooner.
  1. Charitable Giving: Reflect on your philanthropic goals and consider making charitable contributions before the end of the year. This can provide potential tax benefits while supporting causes you care about.
  1. Review Budget and Expenses: Take a closer look at your spending habits to identify areas where you can save or cut back. Create a new budget for the upcoming year to align with your financial goals.
  1. Professional Advice: Schedule meetings with your financial advisor, tax professional, and estate planning attorney to discuss your overall financial situation and seek guidance on any specific concerns or opportunities.
  1. Reflect and Set Goals: Take some time to reflect on your financial accomplishments over the past year and set new goals for the upcoming year. This can include saving for a specific milestone, starting a new investment, or pursuing further education.

Remember, every investor’s situation is unique, so it’s important to consult with a financial advisor to make sure your end-of-year checklist aligns with your overall financial plan.

About John Mateyko

John Mateyko, a highly skilled financial advisor with over 20 years of experience, resides in Serenbe, GA. He is the Managing Partner of IDEX Financial, a company he established in 2010, specializing in assisting clients in developing sustainable retirement income plans. John Mateyko’s professional journey began after completing his studies in business and philosophy at Augustana College, which propelled him into a successful finance career. Throughout his career, he has held positions at esteemed firms including Morgan Stanley, Atlas Securities, US Bank, and JP Morgan Chase, consistently garnering recognition for his expertise and portfolio management abilities.

John Mateyko’s impressive credentials include being a Fiduciary Financial Planner and holding certifications such as Wealth Management Certified Professional (WMCP), Retirement Income Certified Professional (RICP), Accredited Portfolio Management Advisor (APMA), and he is currently pursuing the Certified Investment Management Analyst (CIMA) at the Yale School of Management. These certifications, obtained from esteemed institutions like The American College of Financial Services and the College for Financial Planning, showcase his dedication to continuous education and his proficiency in financial planning.

About IDEX Financial

At IDEX Financial, John specializes in guiding clients through the intricacies of retirement planning. He adopts a customized approach, tailoring strategies to suit each individual’s unique financial circumstances, and strives to provide peace of mind while facilitating well-informed decisions. Beyond his professional endeavors, John places great importance on family and community, cherishing quality time spent with his wife, son, and their family dog. They are proud residents of Serenbe, a tranquil haven in rural Georgia that prioritizes wellness, community, and nature, offering abundant scenic trails for residents and visitors to relish.

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