Home Guides & Resources chevron_right Financial Planning chevron_right Investing for Life Review Your 2023 Spending Plan Published January 6, 2023 Andrew Busa, MSPFP, CFP®, MPAS®, CCFCDirector of Financial Planning Each new year brings new resolutions, and a common one is a 2023 spending plan. While we believe it’s important to reassess your financial goals and aspirations, we also understand that the start of the calendar year creates a deluge of tasks, so we’ll keep our advice brief and to the point. Are you planning any major expenses this year? Whether it’s a home renovation or the purchase of a vacation house, the start of college tuition payments or plans for some major travel, you may want to check that your cash balance or income will meet your needs. Are you worried that inflation may be an issue you haven’t factored in? (You can use our Budget Worksheet to help figure out where you stand.) If you find this all a bit too complex to handle solo, please call your wealth management team to review your 2023 spending plan. Even if you think you’ve got this covered, we’d encourage you to give us a call to either put a sound financial plan in motion or refine your existing one with inflation in mind. After all, it pays prepare a 2023 spending plan for how you’ll spend and how you’ll save. Take the time today to evaluate your cash reserves and expected income over the next year. If you think you may need to bridge a gap, we’re here to help. Are there any financial planning or tax topics you’d like us to address in a future edition of the weekly email? Please let your wealth management team know or write to us at info@adviserinvestments.com. We’d love to hear your suggestions. About Adviser Investments Adviser is a full-service wealth management firm, offering investment management, financial and tax planning, managed individual bond portfolios, and 401(k) advisory services. We’ve been helping individuals, trustsA legal document that functions as an instruction manual to how you want your money managed and spent in your later years as well as how your assets should be distributed after your death. Assets placed in a trust are generally safe from creditors and can be sold by the trustee in short order, avoiding the lengthy and costly probate process., institutions and foundations since 1994. Adviser Investments and its subsidiaries have over 5,000 clients across the country and over $8 billion in assets under management. Our portfolios encompass actively managed funds, ETFsA type of security which allows investors to indirectly invest in an underlying basket of financial instruments (these may include stocks, bonds, commodities or other types of instruments). Shares in an ETF are publicly traded on an exchange, and the price of an ETF’s shares will fluctuate throughout the trading day (traditional mutual funds trade only once a day). 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