Start Your New Year With A Jolly Financial Plan

Amid the office holiday parties, the gift shopping and the family gatherings, we also do a lot of looking back at this time of the year. As the holidays approach, it’s also a good time to reflect on your financial goals while starting to plan for the new year. Let’s look at a few financial tips and tricks you can add to your bag of presents this holiday season.

2022 Review In A Nutshell

Take a moment to review your portfolio for 2022, did you meet your goals this year?  A good starting point is to assess your income and expenses to understand your cash flow going into the holidays. Identify areas where you can trim costs, and then plan to revisit and revise your yearly budget to make sure it aligns with your personal circumstances.

Establish Long-Term Financial Goals in 2023

Are there any changes to your current retirement plan you’d like to make?  Saving for your retirement is a personal decision that will help shape your lifestyle during your Golden Years. It’s never too early, or too late, to work with a financial professional to strengthen your retirement plan.

New Year, New Plan

What are your goals or long-term plans going into the New Year?  Unexpected expenses such as a medical emergency, major car repair, or an appliance replacement are good to anticipate with an emergency fund that can pay for these costs. Have you thought about investing in 2023? Investing early and often, such as a small recurring investment over a long period of time, has the potential to produce greater returns than investing a larger amount over a shorter period of time.

Establishing a financial plan with a financial advisor is not a one-and-done proposition. You should plan to meet with your financial advisor each year to realign your goals, assess changes to your financial situation, and get a good look at where you are in your financial plan. There’s no better time to do that than during the holiday season. It doesn’t have to be complicated, and it will help you become better connected to your finances. You can—and should—enjoy the holiday season, and you can do so with your financial advisor on your team.

By Daniel Martinez

For more than 12 years, Daniel Martinez has worked in the financial services industry helping individuals and families align their goals toward financial freedom. He provides clients with a variety of investment knowledge and experience, taking the time to create a personalized financial plan for each client. Daniel holds his insurance licenses and is also bilingual in English and Spanish to better serve the community. He is registered through LPL Financial with his SIE, Series 7 and 63 securities registrations. To schedule an appointment with Daniel Martinez, email DMartinez@oneazcu.com or call (928) 777-6050.

OneAZ Wealth Management is a team of LPL Financial licensed professionals and support staff located in OneAZ Credit Union branches across Arizona providing investments, insurance, and retirement planning services intended to guide credit union members towards their financial goals.  To learn more about OneAZ Wealth Management, visit OneAZWealth.com or call (877) 566-0517.

Securities are offered through LPL Financial (LPL), a registered broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. OneAZ Credit Union (OneAZCU) and OneAZ Wealth Management are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using OneAZ Wealth Management, and may also be employees of OneAZ CU. These products and services being offered through LPL or its affiliates, which are separate entities from, and not affiliates of OneAZ CU or OneAZ Wealth Management. Securities and insurance offered through LPL or its affiliates are: not insured by NCUA or any other government agency, not credit union guaranteed, not credit union deposits or obligations, and may lose value.