End of Year Financial Review

End of Year Financial Review by Jerry Fetta

The calendar year is quickly coming to a close and this means that Tax Planning season is coming to an end as well!

In this article I want to give you a few things you should be considering right now in order to reduce taxes, build more wealth, and ensure your finances are organized as the year closes out.

#1: Tax Planning.

You should have a proactive plan in place to reduce your taxes this year. Don’t wait until you go to file your taxes in 2023. It will be too late then. You can’t plan for 2022, a year that already ended, when you are now in 2023. A tax plan should include a review of your previous 2 years of tax returns, a custom plan for the current tax year to reduce your taxes, and actual scenarios and examples of what the impact would be with these scenarios implemented. This needs to be done basically by December 15th!

#2: Maxing out your life insurance contributions.

At the end of each year, I check to see if I can put more money in my life insurance. Why? Because I can borrow against the money that I put in and I might want to borrow against it for a tax reduction strategy or something of that nature.

#3: Updating my Estate Plan.

Each year, you should take inventory of the new assets you’ve acquired, changes in your life and finances, and have your Estate Plan updated accordingly. If you bought assets, sold assets, gave birth, got married, got divorced, moved, or any other major life or financial change has occurred, you should update your Estate Planning team.

These are my top 3 and I want you to be planning for them as we enter “The Holiday Season”.

In fact, I want to have you stop calling it the Holiday Season…calling Planning Season. Because the plans you make now are going to far outlast the celebrations you have. Of course enjoy your holidays, but Christmas is 1 day. New Years is 1 day. Thanksgiving is 1 day.

Your finances will last your entire life!

If you want strategies on how you can plan and organize your financial life better as the year wraps up, I want to invite you to grab a free copy of my book The Blueprint to Financial Freedom!

Click here to get your copy!

The Blueprint to Financial Freedom by Jerry Fetta

This is not only a perfect book for you to read as we conclude the year, but it also includes a free Course Supervisor to ensure you understand and finish the book, as well as a free coaching call so you can implement the strategies with your own finances!

Click here to order!

To Purpose, Wealth & Freedom,

Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on over 45 podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.

Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.

Learn more at www.WealthDynamX.com

(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)



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Jerry Fetta

Jerry Fetta


Jerry Fetta is the CEO and Founder of Wealth DynamX. Jerry’s mission in life is to help create millions of financially educated and wealthy families.