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Sweet Financial Planning offers financial advice through 2022

FAIRMONT, Minn. (KEYC) – A new year ahead means everyone’s annual goal check, and a frequent goal to check is finances.

As people look back on their previous year and the year ahead, Sweet Financial Planning said the new year provides an opportunity to assess and adjust accordingly.

“Now, I think a good thing to think about as you head into the new year is where do you stand financially and should you make any changes from a savings perspective. Now is the time. perfect to increase those contribution percentages in your 401K, maybe start saving in a Roth IRA or something. It’s a great time to do some housekeeping on some of those budget items and start saving a little more,” said Amber Knips, Certified Financial Planner at Sweet Financial Planning.

They also recommended a balanced approach to finances throughout the year.

“So often at the end of the year we get caught up in ‘this is when we do our tax planning, you know what the year kind of ends’, but focusing on that all ‘year. You know, we could potentially be on the cusp of some changes, they’ve talked about it, with the tax cuts and the jobs law expiring in a few years, so doing some of that tax planning now can you help in the long run, and really make it a month-by-month thing that you watch,” Knips suggested.

The agency noted that their advice may not apply to all situations and that people should consult financial planners themselves to receive advice directly tailored to their personal financial circumstances, offering the following disclaimer :

The opinions expressed in this program are for general informational purposes only and are not intended to provide advice or recommendations specific to any individual or on any specific security. It is only intended to provide education on the financial sector. To determine which investments might be suitable for you, consult your financial advisor before investing. Any past performance discussed during this program is not a guarantee of future results. All indices referenced for comparison purposes are unmanaged and cannot be invested directly. As always, remember that investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.

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