With 2024 drawing to a close, now is the perfect time to assess your wealth plan. Despite the year's stabilization, the upcoming presidential election may introduce new variables. Proactive planning ensures your financial strategy remains aligned with your goals. 1. Reevaluate Your Risk Tolerance: Life Changes: Have there been significant life events, such as a new job, marriage, or the birth of a child, that have impacted your risk tolerance? Market Conditions: Consider recent market fluctuations and how they may affect your investment strategy and savings. 2. Review and Update Your Investment Portfolio: Asset Allocation: Ensure your asset allocation aligns with your risk tolerance and long-term objectives. Tax Efficiency: Harvest losses to offset gains and minimize your tax liability. Rebalance: If your portfolio has drifted significantly from your target allocation, rebalance to maintain your desired risk exposure. Interest Rate: Review outstanding debts in preparing for...