Get the most out of your assets with the help of thoughtful year-end planning. Host Oscarlyn Elder talks to Mike Frost, an advice and planning strategist for Truist Wealth, about common year-end decisions for charitable giving, investment planning, and wealth transfer. Tim Houlihan, Truist’s chief behavioral scientist, also joins Oscarlyn to discuss how to get going and follow through on year-end financial planning. They discuss (time stamps are approximate):

• Introduction of Mike Frost (1:54)

• Year-end planning considerations for charitable giving (4:45)

• Benefits of donor-advised funds (8:11)

• Tax-loss harvesting: how it helps, what to watch out for (10:12)

• Planning of annual exclusion gifts (12:50)

• Preparing for the estate tax law sunset at the end of 2025 (16:26)

• Introduction of Tim Houlihan (24:49)

• Why time blocking on your calendar works (26:35)

• Developing tiny habits (32:12)

• Take advantage of the snowball effect (37:40)

• Why you should make decisions in a “cool state” (39:17)

• What Tim and Mike have been meaning to do (44:28)

• Final thoughts from Oscarlyn (46:29)

Also mentioned in this episode:

Tiny Habits: The Small Changes That Change Everything, B.J. Fogg

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/start-your-year-end-planning.

Have a question for Oscarlyn or her guests? Email [email protected].