On this week’s episode of The Financial Commute, host Chris Galeski welcomes Wealth Advisor Priscilla Brehm. They discuss important questions we should ask ourselves as the year ends: Do I feel better off now than last year? Do I feel more or less secure? Why? 

Priscilla says it would be completely normal for investors to feel an increasing sense of apprehension with the volatile state of the markets this year. She advises listeners to talk with an advisor about their individual financial plans and how they might be able to increase their financial security with options like tax-loss harvesting. 

Chris and Priscilla also discuss charitable gifting around the holidays. Priscilla talks about how a great way to contribute to a charity is through donating appreciated stock in lieu of cash. But Priscilla also encourages listeners to not only think about giving to nonprofit organizations, but to think about gifting to family as another means of charitable gifting. 

Sentimental items, photos, and their attached stories should be transferred to one’s kids and grandchildren to help ensure that family wealth, beyond the financial aspect, is passed on. 

Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your attorney, finance professional or accountant before implementing any transactions and/or strategies concerning your finances.