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 email@example.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). For example, one popular ETF tracks the companies in the S&P 500, so buying a share of the ETF gets an investor exposure to all 500 companies in the index., socially responsible investments and tactical asset allocation strategies, and we’re experts on Fidelity and Vanguard mutual funds. We take pride in being The Adviser You Can Talk To. To see a full list of our awards and recognitions, click here, and for more information, please visit www.adviserinvestments.com or call 800-492-6868. This material is distributed for informational purposes only. The investment ideas and opinions contained herein should not be viewed as recommendations or personal investment advice or considered an offer to buy or sell specific securities. Data and statistics contained in this report are obtained from what we believe to be reliable sources; however, their accuracy, completeness or reliability cannot be guaranteed. Our statements and opinions are subject to change without notice and should be considered only as part of a diversified portfolio. You may request a free copy of the firm’s Form ADV Part 2, which describes, among other items, risk factors, strategies, affiliations, services offered and fees charged. Past performance is not an indication of future returns. Tax, legal and insurance information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice, or as advice on whether to buy or surrender any insurance products. Personalized tax advice and tax return preparation is available through a separate, written engagement agreement with Adviser Investments Tax Solutions. We do not provide legal advice, nor sell insurance products. Always consult a licensed attorney, tax professional or licensed insurance professional regarding your specific legal or tax situation, or insurance needs. Companies mentioned in this article are not necessarily held in client portfolios and our references to them should not be viewed as a recommendation to buy, sell or hold any of them. © 2023 Adviser Investments, LLC. All Rights Reserved.