According to the University of Scranton, only 8% of Americans stick to their New Years resolutions! However, a resolution is not enough to ensure financial safety in the new year! Here are some tips to being smart in 2016:

It is important to create a quarterly financial plan that will remind you of important dates and events. Remember you can save thousands on a 401(k) or IRA, especially if you’re older than 50.

Be aware of due dates for quartly payments if you are self employed. Review your portfolio’s assets.

Review your insurance policies and make sure your coverage is complete!

Review your company’s open enrollment for adjustments you need to make to your flexible savings accounts and health savings accounts.

Organize any estate planning documents to ensure your legacy is secure.

Double check all beneficiaries to your retirement accounts, checking for any name spelling errors.

Make a few tax-deductible contributions to your favorite causes and charities! If you don’t have any in mind, ask 1North! We are proud of our community involvement!

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