Financial Tips

Get Ahead of 2026: Financial Moves to Make Before Year-End

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As another year comes to a close, it’s tempting to relax and wait for January to think about finances. However, smart financial planning happens before the ball drops.

Making a few strategic moves before year-end can set the stage for a stronger 2026, especially if you’re retired or nearing retirement.

At American Legacy Solutions, we help families use year-end financial decisions to save on taxes, strengthen investments, and position their assets for long-term growth. Here’s where to start with financial planning for 2026.

1. Review and Rebalance Your Investment Portfolio

Markets have experienced significant fluctuations over the past few years. Before 2026 begins, review your portfolio’s performance and allocation.

Ask yourself:

  • Are you overexposed to one sector or asset class?
  • Do your current investments still align with your retirement timeline and goals?

If you’re unsure, consider talking with a financial professional or reviewing guidance from the U.S. Securities and Exchange Commission on diversification and risk management.

Rebalancing now, rather than after the new year, can help you lock in gains, manage risk, and enter 2026 with confidence.

2. Maximize Tax-Efficient Opportunities

Year-end is your last chance to take advantage of certain tax-saving strategies:

  • Harvest investment losses to offset capital gains.
  • Make charitable contributions before December 31 to reduce taxable income.
  • Contribute to retirement accounts like IRAs or 401(k)s while you still can for 2025.

Making these small adjustments now can have a big impact once April rolls around.

3. Evaluate Cash Flow and Emergency Savings

Heading into 2026, make sure your emergency fund covers at least three to six months of expenses. If you’re retired, consider setting aside one to two years of living expenses in liquid accounts to avoid withdrawing from investments during market dips.

This step is about peace of mind—knowing your short-term needs won’t derail long-term plans.

4. Revisit Insurance and Estate Planning Documents

Financial planning isn’t just about saving and investing—it’s about protection.

  • Review your life insurance and long-term care coverage.
  • Update beneficiary designations on accounts and policies.
  • Check your will or trust to ensure it reflects your current wishes.

If it’s been a while since your last review, or if your circumstances have changed, ALS can help ensure your estate and protection strategies are up to date.

5. Plan for 2026 Income and Retirement Withdrawals

If you’re taking required minimum distributions (RMDs) or drawing income from investments, review your withdrawal strategy before the new year.

  • Confirm you’ve met your RMD obligations for 2025.
  • Consider delaying or accelerating certain withdrawals based on your 2026 tax outlook.

You can reference IRS Publication 590-B for current RMD rules and thresholds.

6. Schedule a Year-End Strategy Session

Sometimes, the smartest move is sitting down with an expert who can help you see the full picture.

The advisors at American Legacy Solutions take a holistic approach—integrating investments, insurance, estate planning, and tax efficiency into one coordinated strategy.

The best time to plan for 2026 is now, before opportunities expire.

Planning Today for Tomorrow’s Success

Financial planning for 2026 doesn’t have to feel overwhelming. With a few intentional steps before year-end, you can strengthen your financial position, reduce stress, and enter the new year with confidence.

Ready to make a plan that supports your goals? Contact American Legacy Solutions to schedule your year-end financial review today.