Four Financial Tasks to Finish 2024 Strong From Higher Ground Financial Group

As we approach the end of 2024, it’s time to take stock and act decisively. A recent article from Kiplinger outlines four key financial tasks to help finish the year strong. Here’s how Daniel & Imran Razvi and the Higher Ground Financial Group team recommend applying these ideas:

Read the Full Article in Kiplinger

1. Maximize tax-free vehicles before change looms

With certain provisions of the Tax Cuts and Jobs Act set to sunset, tax brackets and rates may increase beginning 2026. This means now is the ideal time to move money into tax-free vehicles (e.g., Roth IRAs, funded life insurance, municipal bond funds) while the opportunity remains favorable.

2. Protect your assets in a frothy market

As markets hit highs and volatility looms, reviewing investment risk and safeguarding your holdings becomes critical. Daniel Razvi stresses reassessing your portfolio in light of current valuations.

3. Optimize interest-earning and cash positioning

With bank interest and money-market yields rising, keeping cash in ultra-low yield accounts is no longer prudent. Instead, look to reposition excess cash into better-earning vehicles while maintaining liquidity.

4. Update your estate plan and beneficiary designations

Estate-planning oversights often muddy financial outcomes. This is the moment to confirm your will, trust documents, beneficiary designations and related legal infrastructure are aligned with your goals.

At Higher Ground Financial Group, Daniel and Imran Razvi emphasizes that finishing 2024 strong is not just about year-end wrap-up — it’s about laying the foundation for a financially secure 2025 and beyond. Planning ahead, rather than reacting, gives clients the edge.

About Higher Ground Financial Group

Higher Ground Financial Group is a family-owned business that exists to help clients nationwide achieve their financial goals. Like family, Daniel and Imran Razvi rely on each other’s strengths, and, in turn, rely on each other’s collective talents to support you. Whatever your financial concern or challenge - when your family calls, our family and experienced associates will answer!

Learn more about how Daniel Razvi and Imran Razvi proudly serve families nationwide.