126 Financial Planning Checklists for 2024
Here is a collection of 126 Financial Planning checklists designed to guide you through various financial decisions in 2024.
1. Section 1031 Exchange with Rental Property
This checklist explores whether you can take advantage of a Section 1031 exchange to defer taxes when selling rental property.
2. 529 to Roth Transfer
Find out if transferring funds from a 529 plan to a Roth IRA is possible and what conditions apply.
3. Deductible Contributions to HSA
This checklist explains how to determine if contributions to your Health Savings Account (HSA) are tax-deductible.
4. Mega Backdoor Roth Contribution
Learn whether you can make a mega backdoor Roth contribution and its potential benefits for your retirement.
5. Avoiding IRMAA Surcharges on Medicare
Discover if you can avoid the IRMAA surcharges on your Medicare Part B and Part D premiums.
6. Using a Donor-Advised Fund (DAF) for Charitable Giving
This checklist outlines whether you should consider using a DAF when giving to public charities.
7. Inheriting a Deceased Spouse’s Traditional IRA
Review the factors to consider when deciding if you should inherit your deceased spouse’s Traditional IRA.
8. Avoiding Required Minimum Distributions (RMD)
Learn whether you can avoid taking your RMD after reaching your required beginning date (RBD).
9. Penalty-Free IRA Distribution
Understand the conditions under which a distribution from your Traditional IRA can be penalty-free.
10. Tax-Free Roth IRA Distribution
This checklist helps you determine if a distribution from your Roth IRA will be tax and penalty-free.
11. Refinancing Your Mortgage
Explore whether refinancing your mortgage is the right decision for you in 2024.
12. Federal Estimated Tax Payments
Understand if you need to start making estimated federal income tax payments to avoid underpayment penalties.
13. Tax on Qualified ESPP
This checklist details whether you will have to pay taxes on your qualified Employee Stock Purchase Plan (ESPP).
14. Step-Up in Basis for Gifted Property
Learn if you will receive a step-up in basis for property that has been gifted to you.
15. Penalty-Free Roth IRA Conversion
Understand whether converting your Traditional IRA to a Roth IRA will be penalty-free.
16. Step-Up in Basis for Inherited Property
Understand if you’ll receive a step-up in basis for appreciated property that you inherit.
17. Social Security Benefits for Surviving Spouse
Review your eligibility for Social Security benefits as a surviving spouse.
18. Social Security Benefits as a Spouse
Explore whether you qualify for Social Security benefits as a spouse.
19. Considering a Roth Conversion
Evaluate the benefits and drawbacks of doing a Roth IRA conversion.
20. Rolling Over a Dormant 401(k)
Find out if rolling over your dormant Traditional 401(k) is the right move for you.
21. Delaying Distributions from Inherited IRA
This checklist helps you determine whether you can delay distributions from a Traditional IRA you’ve inherited.
22. Net Unrealized Appreciation (NUA) Distribution
Learn whether a Net Unrealized Appreciation (NUA) distribution is a tax-savvy option for you.
23. Pension Lump-Sum Payment
Evaluate the pros and cons of taking your pension as a lump-sum payment.
24. Health Insurance for Early Retirees
Discover whether purchasing health insurance through the Health Insurance Marketplace is the best option for you if you retire early.
25. Leasing vs. Buying an Automobile
Find out if leasing or buying your next automobile makes more financial sense.
26. Pay Stub Review
Ensure that you’re maximizing your financial benefits by reviewing your pay stubs with this checklist.
27. Medicare Open Enrollment
Review whether you should change your Medicare coverage during the open enrollment period.
28. Automatic Enrollment in Medicare
Understand whether you’ll be automatically enrolled in Medicare and what actions you might need to take.
29. Healthcare Changes in Retirement
This checklist discusses potential changes to your healthcare needs and coverage as you transition into retirement.
30. Paying Off Debts
Explore whether paying off your debts is the best strategy for improving your financial situation.
31. Important Dates
Keep track of key financial deadlines and milestones with this comprehensive list of important dates for 2024.
32. Paying Off Your Mortgage
Review whether paying off your mortgage makes financial sense in 2024.
33. Tax Deductibility of Rental Property
Find out whether your rental property expenses are tax-deductible in 2024.
34. Allocating Your Next Dollar
Decide where your next dollar should go to maximize your financial future.
35. Important Milestones
Track your key financial milestones to stay on target with your personal financial goals.
36. Income-Driven Repayment (IDR) Plan Eligibility for Federal Student Loans
Determine if you’re eligible for an Income-Driven Repayment (IDR) plan for your federal student loans.
37. Taxes on the Sale of Investments
Understand whether you’ll need to pay taxes when selling your investment in 2024.
38. Taxes on 529 Plan Distributions
Find out if distributions from your 529 plan are subject to federal income tax.
39. Harvesting Capital Gains vs. Roth Conversions
Learn what financial move will have the least tax impact: harvesting capital gains or making Roth conversions.
40. Penalty-Free HSA Distribution
Review whether distributions from your HSA will be tax and penalty-free.
41. QBI Rules Impact on Retirement Plan Contributions
Find out how Qualified Business Income (QBI) rules may affect the deductibility of your retirement plan contributions.
42. Eligibility for QBI Deduction
Check if you qualify for the Qualified Business Income (QBI) deduction in 2024.
43. Setting Up a Traditional 401(k) for Your Business
This checklist guides you through the considerations of establishing a Traditional 401(k) for your business.
44. Establishing a SEP IRA or SIMPLE IRA for Small Business
Evaluate whether a SEP IRA or SIMPLE IRA is the best retirement plan for your small business.
45. Roth IRA Contribution Eligibility
Discover if you’re eligible to contribute to a Roth IRA in 2024.
46. Avoiding Medicare Enrollment Penalties
Learn how to avoid penalties when enrolling in Medicare.
47. Eligibility for Medicare Part A & Part B
This checklist helps you determine whether you’re eligible for Medicare Part A and Part B.
48. Making a Deductible IRA Contribution
Understand whether you can make a deductible IRA contribution in 2024.
49. Backdoor Roth IRA Contributions
Learn whether a backdoor Roth IRA contribution is an option for your retirement strategy.
50. Contributing to Roth vs. Traditional IRA
This checklist helps you decide whether to contribute to a Roth IRA or Traditional IRA based on your financial goals.
51. Social Security Disability Benefits Eligibility
Discover whether you qualify for Social Security Disability benefits in 2024.
52. Reducing Social Security Benefits
Understand if and how your Social Security benefits may be reduced.
53. Qualified Charitable Distributions from IRA
This checklist helps you determine if you can make qualified charitable distributions from your IRA.
54. Common Pension Plans for Small Business Owners
Explore common pension plans available for small business owners in 2024.
55. Contributing to a Roth 401(k)
Evaluate whether contributing to a Roth 401(k) aligns with your retirement planning goals.
56. TCJA Sunset Provision
Understand the important tax issues to consider before and after the TCJA sunset provision takes effect.
57. TCJA Sunset Comparison Guide
Compare the key changes and impact of the TCJA sunset provision with this detailed guide.
58. Common Annuity Products
Explore the most common annuity products available in 2024 and how they fit into your financial plan.
59. Funding Your Child’s College Education
This checklist outlines key issues to consider when planning to fund your child’s college education.
60. Secure Act 2.0 Changes
Understand the key changes made by the Secure Act 2.0 and how they might impact your financial planning.
61. Tax Return Review for Retirees
If you’re retired, this checklist highlights key issues to consider when reviewing your 2023 tax return.
62. Tax Return Review for Workers
This checklist is for workers and outlines what you should review in your 2023 tax return.
63. Using a Reverse Mortgage
Learn about the important factors to consider when using a reverse mortgage in 2024.
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64. Establishing and Maintaining an Emergency Fund
This checklist helps you understand what issues to consider when establishing and maintaining your emergency fund.
65. Common Retirement Plans for Small Business Owners
Review common retirement plan options for small business owners, including their features and benefits.
66. Reviewing Your Beneficiaries
Ensure that your beneficiaries are up to date and aligned with your estate planning goals by reviewing them regularly.
67. Losing Your Job
If you’ve lost your job, this checklist helps you navigate the financial and legal issues you need to consider.
68. Starting a New Job
Transitioning to a new job? This checklist covers the important financial and benefit considerations for starting a new role.
69. Employer-Provided Benefits
Review what issues you should consider regarding your employer-provided benefits.
70. Funding Unexpected Expenses
Learn how to manage and fund unexpected expenses with this practical checklist.
71. Issues to Consider During Divorce
This checklist outlines the key financial and legal issues to be mindful of during a divorce.
72. Incentive Stock Options
Discover what issues you should consider when dealing with your incentive stock options.
73. Buying a Home
This checklist provides key insights and questions to consider when purchasing a home.
74. Documents to Keep on File
Understand what financial and legal documents you need to keep on file and for how long.
75. Risk of Identity Theft or Fraud
This checklist helps you assess your risk of identity theft or fraud and take necessary precautions.
76. Issues to Consider as a New Client
This checklist guides new clients through essential issues to address when starting a financial advisory relationship.
77. Non-Qualified Stock Options
Review what you need to know about non-qualified stock options and their tax implications.
78. Restricted Stock Units
Learn about the financial and tax considerations for restricted stock units.
79. 1099 Workers and Business Owners
This checklist covers the financial planning issues that are specific to business owners and 1099 workers.
80. Purchasing Disability Insurance
Explore the key considerations when purchasing disability insurance to protect your income.
81. Reviewing Estate Planning Documents
Stay on top of your estate planning by reviewing your estate documents regularly.
82. Succession Planning for Your Business
Understand the critical steps for planning the sale, disposition, or succession of your business.
83. Creating an Estate Plan
This checklist outlines the essential components to consider when creating your estate plan.
84. Owning a Rental Property
Learn about the tax, legal, and financial considerations when owning rental property.
85. Reviewing Your Life Insurance Policy
Regularly reviewing your life insurance policy ensures that you have the appropriate coverage.
86. Reviewing Your Annuity
This checklist provides guidance on reviewing your existing annuity for suitability and performance.
87. Selling Your Home
Understand the financial and tax considerations involved in selling your home.
88. Starting Out Financially
If you’re just beginning your financial journey, this checklist highlights the important issues to consider.
89. Moving Out of State
This checklist covers the tax, legal, and financial implications of moving out of state.
90. Purchasing Life Insurance
Learn the key considerations when purchasing a life insurance policy in 2024.
91. Reviewing Property and Casualty Insurance
Ensure that your property and casualty insurance policies provide adequate coverage.
92. Reviewing Health and Life Insurance Policies
Regularly reviewing your health and life insurance policies ensures you’re getting the best coverage.
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93. Master List of Goals
Stay on top of your financial priorities with this comprehensive list of goals to consider for 2024.
94. Reviewing Cash Flow
This checklist helps you review and optimize your cash flow for better financial management in 2024.
95. Getting Married
Getting married brings financial changes—this checklist outlines the important considerations before and after tying the knot.
96. Starting a Business
If you’re thinking of starting a business, this checklist will help you navigate the financial and legal aspects.
97. Harvesting Capital Losses
Learn how to harvest capital losses effectively to minimize your tax liability in 2024.
98. End of Year Planning
This checklist helps you identify key financial moves to make before the end of the year to maximize your tax and financial benefits.
99. Planning for a Child with Special Needs
If you have a child with special needs, this checklist outlines critical financial and legal considerations.
100. Paying Off Student Loans
This checklist helps you understand the best approach to paying off your student loans.
101. Transitioning a Child to Independence
This checklist provides guidance for helping your child become financially independent.
102. Purchasing Long-Term Care Insurance
If you’re considering long-term care insurance, this checklist highlights the important factors to review before making a decision.
103. Updating Your Estate Plan
Make sure you’re up to date with your estate planning by reviewing key issues with this checklist.
104. Closing an Estate
This checklist outlines the legal and financial steps to consider before closing an estate.
105. Dealing with High Inflation
Learn how to protect your finances during periods of high inflation with this detailed checklist.
106. Spouse with Terminal Illness
This checklist covers the financial and legal issues you need to address if your spouse has been diagnosed with a terminal illness.
107. Caring for Aging Parents
Review the important financial and legal considerations when planning for your aging parents’ care.
108. Reviewing Your Investments
This checklist helps you evaluate your current investments to ensure they align with your financial goals.
109. Having or Adopting a Child
Learn about the financial issues to consider when having or adopting a child.
110. Parent Passing Away
This checklist outlines the necessary steps to take after the passing of a parent.
111. Preparing for Retirement
Make sure you’re ready for retirement by addressing the key issues highlighted in this checklist.
112. Handling a Recession or Market Correction
Understand the steps to take during a recession or market correction to protect your financial well-being.
113. Establishing a Charitable Giving Strategy
This checklist helps you plan for charitable giving in a tax-efficient manner.
114. Handling a Sudden Wealth Event
Find out how to manage and protect sudden wealth with this practical checklist.
115. Client Annual Review Meeting
Ensure you’re covering all critical issues in your client annual review meetings with this checklist.
116. Saving More: Account Options
Learn what account types are available if you want to save more for your financial future.
117. Spouse Passing Away
This checklist helps you navigate the financial and legal issues after the passing of a spouse.
118. Reviewing Your Required Minimum Distribution (RMD)
Ensure that you’re taking your RMD properly with this detailed checklist.
119. Getting a Promotion or Raise at Work
Find out what financial and tax implications to consider if you receive a promotion or raise at work.
120. Does an Annuity Fit Within My Financial Plan?
Evaluate whether an annuity is a suitable addition to your financial plan.
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121. Social Security Retirement Benefits
Review the important issues to consider regarding your Social Security retirement benefits.
122. Social Security Benefits After Divorce
Find out if you’re eligible for Social Security benefits if you have been divorced.
123. Documents Needed for Filing 2023 Tax Return
This checklist helps you gather the necessary documents for filing your 2023 tax return.
124. Important Numbers for 2024
Stay on top of essential tax and financial numbers with this quick reference guide for 2024.
125. Issues to Consider at the Start of the Year
Kick off your year right by reviewing this checklist, which outlines important financial issues to address at the beginning of the year.
126. AGI/MAGI Summary Guide
Understand how your Adjusted Gross Income (AGI) and Modified Adjusted Gross Income (MAGI) impact your financial decisions with this comprehensive guide.
These Financial Planning checklists offer guidance across a wide array of financial and tax-related topics, helping you make informed decisions for 2024.
Whether you’re planning for retirement, managing taxes, or making investment decisions, these Financial Planning checklists can help you get started.
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