The crisp air of September ushers in the fall season and an opportune time to reassess your financial strategies. With the end of the year approaching, taking proactive steps now can set you up for a strong financial finish. 

• Back-to-Routine Budget Check: After the summer’s vacations and back-to-school expenses, it’s time to reassess your budget. Review your bank and credit card statements to identify areas where spending may have exceeded expectations. Use budgeting apps or software to track your expenses and adjust your budget categories accordingly. If you’ve accrued credit card balances during the summer, prioritize paying them off to regain financial stability. 

• Investment Review: It’s a great time to evaluate your portfolio and ensure that your investments still align with your financial goals and risk tolerance. Check whether your asset allocation has shifted due to market movements, and consider rebalancing if one area has grown or shrunk significantly. Assess diversification across sectors, regions, and investment types to manage risk effectively, and remember to focus on long-term objectives rather than reacting to short-term market fluctuations. 

• Year-End Planning Preview: September is an opportune time to start planning for year-end tax strategies. Consider maximizing contributions to retirement accounts like Roth IRAs, which have a contribution limit of $7,000 for individuals under 50 and $8,000 for those 50 and over in 2025.[1] Additionally, explore charitable giving options such as Donor-Advised Funds (DAFs) or Qualified Charitable Distributions (QCDs) from IRAs if you’re over 70½, which can satisfy Required Minimum Distributions (RMDs) and potentially reduce taxable income.[2]

Think of September as a “financial back-to-school” season. Collaborating with your Wedbush financial advisor can help you evaluate spending, optimize investments, and identify strategic moves to strengthen your financial position. This proactive approach sets the stage for a smoother Q4 and a strong start to next year. 

Sources: 

[1] https://www.kiplinger.com/retirement/roth-ira-limits 

[2] https://www.fidelity.com/viewpoints/personal-finance/charitable-tax-strategies 

Disclosure   

Wedbush Securities does not provide tax or legal advice. Please consult your tax or legal advisor.    

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. The information in these materials may change at any time and without notice.    

Third-party entities, companies, and organizations that may be referenced on this page are not affiliated with Wedbush Securities or any of its affiliates. Opinions mentioned are that of the third-party and not of Wedbush Securities, the financial adviser and/registered representative, or any of our affiliates.  

Investment products involve investment risks including potential loss and are not insured by any federal agency, are not deposits or obligations of, or guaranteed by any financial institution and may involve loss of value. Past performance is not a guarantee of future returns. Any implementation of recommendations or investment strategies may generate fees, expenses, charges or commissions, based on the products and services. Any organization, company, individual, or third-party entity that are referenced on this page are not affiliated with Wedbush or any of its affiliates. The content on this page might not necessarily reflect the expertise of the investment professional and should be used for informational purposes only; the information provided on this page is not intended to be used as a recommendation of any kind, as it does not constitute an offer or advice.  

Fixed income securities are subject to increased loss of principal during periods of rising interest rates and are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by contacting your Wedbush Financial Advisor and/or Registered Representative. 

Securities and Investment Advisory services are offered through Wedbush Securities, Inc. Member NYSE/ FINRA / SIPC