Ep 197: Maximize Your Wealth: Year-End Financial Planning

Year-End Financial Planning for High Net Worth Individuals

In this episode, David Chudyk, a Certifed Financial Planner(tm) practitioner with Parallel Financial, discusses various financial planning strategies for high net worth and mass affluent individuals as the year comes to a close. He covers topics such as holiday spending plans, Roth IRA conversions, charitable giving, asset allocation reviews, business expense preparations, and end-of-year financial checks. Additionally, David emphasizes the benefits of performing a 'happiness audit' on spending, practicing random acts of kindness, and teaching children about money. Listeners are encouraged to reach out with questions or to consider working with David for personalized financial advice.

00:00 Introduction and Podcast Overview

01:34 Holiday Spending Plans

03:09 Understanding Roth Conversions

05:18 Charitable Giving Strategies

08:57 Year-End Investment Check-Up

10:43 Business Owner Year-End Tips

13:40 Non-Traditional Financial Planning

16:36 Conclusion and Contact Information