As we enter the final 100 days of 2024, there's still plenty of time to make this year count. Here is a list of eight steps to help you finish strong and set yourself up for success in the new year. Take a look below, and let us know if we can help with any of these.

1. Save $1,000. By setting aside just $10 every day for the rest of the year, you can save $1,000. It's a simple way to create a financial cushion or reach a specific savings goal.

2. Max out your retirement accounts. Contribute the maximum to your retirement accounts, such as Roth IRAs and 401(k)s. For 2024, the contribution limit for a 401(k) is $23,000 (or $30,500 if you're 50 or older). For a Roth IRA, the limit is $7,000 (or $8,000 if you're 50 or older).

3. Roll over old 401(k)s. Similarly, if you have any lost 401(k) accounts from previous employers, now is the perfect time to track them down and consider rolling them over into a current retirement account. This can streamline your investments and potentially reduce fees. However, it’s important to remember that rolling a 401(k) into a post-tax account like a Roth IRA means you will have to pay taxes on the 401(k).

4. Research high-yield savings accounts. Consider moving some cash currently in your checking or savings account into a high-yield savings account (HYSA). HYSAs typically offer higher interest rates, which can help your savings grow faster.

5. Take advantage of gift exclusions. Consider giving financial gifts to family members. In 2024, you can give up to $18,000 per person without incurring any gift tax. This is a great way to help loved ones financially while reducing your taxable estate.

6. Review your budget. Take a fresh look at your budget to identify areas where you can cut back or reallocate funds. Minor adjustments now can lead to significant improvements in your financial health. If you anticipate end-of-the-year bonuses, make a plan now for how you will use the funds. 

7. Start preparing for the holiday season early. Set aside a little money each week for gifts/holiday expenses. Consider affordable gift options, such as homemade gifts or experiences, and begin organizing any travel plans to secure better deals to ensure a smoother season.

8. Check in with a financial advisor. Schedule a quick call or meeting. Enter 2025 with a clear, up-to-date plan and some financial planning momentum already under your belt!

As always, if you have any questions or need personalized advice, feel free to reach out. We’re here to help you make the most of these last few months of the year.

Stacy Bush is with Bush Wealth Management. This information should not be construed by any client or prospective client as the rendering of personalized investment advice.  For more information, please visit BushWealth.com for our full disclosures.