Catching Up to FI cover image

Catching Up to FI

Year-End Financial Wrap-Up, Tips, and Resolutions | Eric Simonson | 108

Dec 1, 2024
57:41

Hard to believe that 2024 is almost over but before we close it out, we have some end-of-year financial tips with special guest Eric Simonson, CFP and CEO of Abundo Wealth (an advice-only financial planning firm). Eric shares insights on maximizing different types of contributions, FSAs, charitable donations, and other tax strategies. There are a few things you’ll want to check off your financial to-do list before December 31st; some have a true deadline, and others are smart things you should review every year.

 

Eric also clues us in on a unique service the firm offers- 'travel hacking'. They love teaching skills such as budgeting for trips, finding cost-effective travel options, and maximizing travel rewards programs for their clients. 

 

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Thank you to our sponsor:

 DeleteMe: Your personal data is yours again. Hands-free subscription service that removes you from data broker sites. Enter the code Catchingup at checkout to get 20% off 

 

Resources mentioned on the show:

🌐 Abundo Wealth: Advice-Only Financial Planning for Everyone 

End of Year Financial Checklist: The Must-Do's 

Abundo Wealth Blog

Eric Simonson Interview on Kitces podcast

Beginning in 2025, the catch-up contribution increases for those age 60, 61, 62 or 63 is an extra $11,250

 

If you enjoyed this episode, please follow the show on your podcast player and leave us a rating or review. If you want to watch, be sure to subscribe to our YouTube Channel. This helps others find the show and keeps us creating great content for you!

 

Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

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