Complete gathering W2’s, investment account 1099’s, K1’s and other key tax documents.

Meet with your CPA and finalize your tax returns and extensions, if applicable. Review your W2’s, 1099’s, and K1’s with your Independent, Fiduciary CFP®.

  • Understand your true net take home income, so you can better plan for monthly expenses and contributions to wealth building and preservation.
  • Apply income and salary to living expenses.
  • Adequately budget for large capital improvements and repairs to real property – personal residence and other real estate, if applicable for 2020.
  • Apply bonuses and stock option proceeds to wealth building goals.

HSA: If applicable, an HSA can make an excellent ancillary savings vehicle for investors who are maxing out their contributions to their Traditional 401(k)s. Think of this account as your future “Medical Expense Bucket” with major current and future tax benefits. Contributions are pretax (or deductible if you contribute to an HSA on your own) and compound tax-free, and qualified withdrawals are tax-free.

  • Fund your health savings account for 2020: You also have until April 15 to make a contribution to a health savings account if you want your contribution to count for the 2019 tax year. For 2019, individuals with self-only coverage through a high-deductible healthcare plan can contribute $3,500 to an HSA, whereas those with family high-deductible coverage can contribute $7,000. People older than 55 can contribute an additional $1,000 to their HSAs.
  • Those thresholds are going up slightly for 2020, to $3,550 for self-only coverage and $7,100 for family coverage–plus an additional $1,000 for people over age 55.

If you have $1M – $10M+ in investable assets and want to learn more about how these and other simple strategies may help you grow, protect, and enjoy your health, reach me directly at or 404-273-0089.