Episode 15: Money Moves to Make Before the End of the Year
Featured Guest
Marc Streebel
Vice President of VyStar@Work Program
Marc Streebel brings over 21 years of experience in the financial industry and holds a master’s degree in business administration. His career journey spans New York, Alaska and Washington, where he helped individuals achieve financial success. For the past eight years, Marc has proudly called St. Augustine home. Today, he leads VyStar@Work initiatives and serves members at the VyStar Financial Fitness Center at The Corner at Debs Store, where he is passionate about empowering people with tools and resources to improve their financial well-being and strengthen our community.
Highlights
As the year comes to a close, it's a critical time to review your finances and make key money moves that can set you up for a successful new year.
The end of the year is like your financial "fourth quarter," offering an opportunity to fix mistakes, make adjustments and plan smarter for the upcoming year.
Start your year-end financial review by analyzing your budget — identify unnecessary expenses and redirect those funds toward savings or paying down debt.
Maximize contributions to your retirement accounts, such as 401(k)s, IRAs or HSAs, to boost savings and potentially get tax benefits before year-end.
Making charitable distributions or considering Roth IRA adjustments are smart, year-end tax strategies to potentially lower taxable income.
VyStar offers resources like the VyStar+ Checking Account and a Financial Fitness portal, which provide practical tools for budgeting, tax tips and overall financial education.
Community education is a big focus at VyStar, with opportunities for free financial classes, including at the VyStar Financial Fitness Center at The Corner at Debs Store, open to both members and non-members.
Don’t let fear or embarrassment prevent you from seeking financial advice. Financial wellness is for everyone, no matter your current situation.
Download the audio version of this episode on Buzzsprout.