How times flies! We’re already well into the new school year. Before the holidays close in, why not take advantage of the season by taking a peek at your finances? Here are four things you can do to get ahead.
1. Don’t miss the open enrollment period to participate in a 403(b)
School districts have their own open enrollment times. Check with your district office to make sure you’re not missing an October deadline.
2. Maximize your retirement savings
Could you contribute more toward your retirement yet this year? Saving more may lower your taxable income and help you reach your retirement goals. Check on 403(b) and IRA contribution limits.
3. Take stock of transitions
Summer is often a time of weddings, moving, job changes, and more. If you have had any major changes recently, now is the time to check the beneficiaries on your policies and make sure we have your correct address. It’s also a good time to review your insurance coverage to make sure you still have appropriate coverage.
4. Do a budget check-up
Use our fillable budget sheet and free financial calculators to get a good picture of your spending habits and make any adjustments necessary. It can help you set priorities, keep you from spending more than you earn, and prepare you for financial emergencies.