When it comes to personal finances, there is a lot to consider at the end of the year, especially in 2021. We did not see the pandemic coming, nor did any of us deserve it, but here we are.

The bottom line is this, where do we go from here financially as 2022 is knocking on our door of life. Paul Lawrence Vann provides tips, strategies, and recommendations to the Wealth Academy Podcast community.

One of the first things you should consider is to have a conversation with your entire family, have a money talk, and be transparent throughout the discussions. Talk about where you are now and what financial goals do you have for 2022 which assists with the direction you can take and the financial destination you can reach in the new year.

Areas of discussion:

1. Review and or update your beneficiary designations
2. Review tax withholdings
3. Review your insurance needs
4. Review your homeowners or renters policies
5. Review your auto insurance
6. Make an assessment of and review your portfolio and if needed, diversity
7. Spend eligible Flex dollars
8. Check your emergency savings account
9. Contribute to your children's college fund
10. Make charitable contributions
11. Start planning for the future a wonderful financial future

The sooner you begin this process the better so ask yourself, where do you go from here financially as the new year is rapidly approaching.  If you have any questions reach out to Paul Lawrence Vann by email at [email protected] and or by phone (800) 341-6719.

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