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2016 Year-End Planning Checklist

A 2016 check list for your financial future from GDA partner Wile Consulting Group/UBS Financial Services, Inc.

2016 Year-End Planning Checklist

Wile Consulting Group
UBS Financial Services, Inc.

The end of the year presents unique tax and estate planning opportunities that may be useful along the way toward your short and long-term financial goals. In today's world, pursuing your life's goals is being challenged in new ways- which makes now the perfect time to review your goals in terms of "advice, beyond investing".

As we approach the end of 2016, it is a good time to take stock of the past year and plan for the future. On the one hand, the economy seems to be improving—the U.S. stock market is at or near an all-time high, wages are rising, unemployment is low, and consumers are spending money. On the other hand, we are in year seven of a sluggish economic recovery, and we are emerging from an election year that featured the two most controversial candidates in recent history. Investment in businesses is shrinking, worker productivity is down, and some Wall Street insiders believe that stocks and bonds are overvalued. 

In light of our country’s current state of affairs, it’s not surprising that some Americans feel unsure about the future. However, as Benjamin Franklin famously said that there are just two certainties in life—death and taxes. We are well-equipped to help you plan for the latter. 

Year-end tax planning includes a review of gains and losses and the active management of your portfolio to help minimize income tax consequences of this year’s market activity. It is also a good time to position your holdings for next year and, where appropriate, realize gains, harvest losses, and make family and philanthropic gifts. You may wish to consider transferring interests in family-owned businesses using valuation discounts, which may not be an option for long. Taking some of these steps now may help add value to your portfolio and increase your family’s wealth. 

(Click the image to enlarge).
UBS 2016 checklist

For the full year-end guide or to learn more about our endorsed services please visit our website or contact the Wile Consulting Group at