Preparing Your 2026 Financial Checklist

hands with journal and laptop

As 2025 draws to a close, it’s the perfect time to reflect on your financial situation and take proactive steps to prepare for a successful 2026. This checklist will help you assess your finances, identify opportunities, and enter the new year with confidence.

1. Review Your Income Plan

Evaluate your income sources to ensure they cover your expenses:
  • Paychecks or salary
  • Side income or freelance earnings
  • Social Security, pensions, or annuities
  • Investment withdrawals

Ask yourself: Will these sources keep up with rising costs? Adjust your budget or explore additional income opportunities as needed.

2. Revisit Your Tax Strategy

Take steps to reduce your 2025 tax bill and prepare for 2026:
  • Review withholding and estimated tax payments
  • Perform Roth conversions before December 31
  • Harvest investment losses to offset gains
  • Consult a tax professional if needed

Even small shifts in how and when you draw income can have a meaningful impact over time.

3. Evaluate Savings, Investment Risk, and Rebalance

Review your savings and investment strategy:
  • Assess your emergency fund and retirement contributions; set realistic goals and consider automating savings
  • Review 401(k), IRA, and brokerage allocations
  • Rebalance if one asset class has grown too large
  • Shift volatile assets to stable income sources if retirement is near

4. Update Your Estate Plan

Ensure your estate plan reflects your current wishes:
  • Review beneficiaries on accounts and insurance policies
  • Confirm your will, trust, or power of attorney is up to date
  • Share your intentions with loved ones and your advisor

5. Refinance Loans

Consider refinancing to reduce monthly payments or shorten loan terms:
  • Mortgage, student loans, or car loans
  • Lower payments free up cash for other priorities
  • Shortened terms can reduce interest costs and help you pay off debt faster
See how much you can save with Partners by visiting our Total Savings page.

6. Schedule Your Financial Review

Meet with your advisor before year-end to:
  • Review 2025 progress and identify gaps for 2026
  • Optimize income, taxes, and investment strategies
  • Align insurance and healthcare plans


Take action now and step into 2026 with a clear plan, greater control, and peace of mind. Partners provides retirement and wealth management guidance to help you stay informed and prepared.