Rich Habits Podcast

138: Your Year-End Money Checklist — Don't Ignore These

9 snips
Oct 6, 2025
Discover essential year-end financial moves to save on taxes and build wealth for the future. Learn about maximizing retirement contributions and the importance of using your FSA before it expires. Explore smart charitable giving strategies like donating appreciated stock and donor-advised funds. Get insights on investing priorities, including how to balance student loans and investments. Plus, tips on evaluating vending machine businesses to ensure long-term success. Don't miss this valuable checklist!
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ADVICE

Max Out Retirement Contributions

  • Max out pre-tax 401(k) and IRA contributions before year-end to reduce taxable income.
  • Increase payroll deferral for final paychecks if you need to catch up instead of waiting until April.
ADVICE

Use Your FSA Before It Expires

  • Check your FSA balance now and spend any remaining funds before December 31st to avoid forfeiture.
  • Use eligible items or prepay appointments (eye, dental, prescriptions) to use the money legally.
INSIGHT

HSA Is A Long-Term Investment Vehicle

  • HSAs roll over and can be invested like retirement accounts, so they don't force spending each year.
  • Treat HSAs as long-term tax-advantaged investment vehicles rather than short-term spend accounts.
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