Three Financial Resolutions For The New Year

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

If you are like most people, then the transition from 2014 to 2015 inspired you to make a change in one or more areas of your life. Whether that change meant adjusting your diet, worrying less, or growing out of a habit that you were wrapped up in the previous year – well, that is up to you. But if you found yourself entering February without a goal in mind, we at American Investment Planners LLC recommend taking this time to focus on your finances and improve your current and future financial situation. To be a bit more specific, we have outlined three financial resolutions that might interest you below:

1. Invest – The sooner you start, the better. According to U.S News, time is one of the most important factors when it comes to wealth. If you choose to start investing as soon as you are financially able rather than wait in order to keep a bit more in your pocket every month, your chances of experiencing financial success later in life are greater.
2. Review Beneficiaries – Since your beneficiary will inherit what you have left behind in the event of your passing, you will want to make sure you name the person who you feel is rightfully entitled to it. Although in the past the person you named might have been the best candidate at the time, when life events such as marriage occur, it is a good idea to update your beneficiaries to make sure your money lands in the right hands.
3. Get Organized – Do you have folders upon folders of financial documents sitting in your file cabinet at home? If so, you are not alone. However, although you might be inclined to keep every ounce of financial paperwork that comes your way, in reality, you can dispose of certain documents every year or every few years. For example, once you receive your W-2 form for your taxes, you can shred all of the past year’s pay stubs.

Last but not least, make 2015 the year that you will make smarter financial decisions. Now, that does not mean you have to cut off all recreational spending to build up your bank account to prepare you for the rest of your life, but as you go through each day, be conscious of what you are spending and where you are spending it; your future self will thank you!

As expert financial planners, the staff at American Investment Planners LLC hopes that you will take this year as an opportunity to sit down with a financial planner to ensure that your assets are protected for years to come. If you are in need of financial services such as retirement planning, estate planning and tax planning investment management, contact us at (516) 932-5130 or toll free at (866) 932-5130; a strong financial future for you and your family is our number one goal.