Despite economic volatility in 2023, you can start your year-end planning now to help ensure your personal finances finish strong. Here are six proactive planning moves to make and save more money — not just for this year, but well into the future.Continue to stick to your long-term plan by adding to your tax-advantaged retirement accounts. You can also maximize your traditional or Roth 401(k) contribution for 2023 if your cash flow situation allows for it.
If you’re under 50, you can contribute up to $22,500; if over 50, you can add a $7,500 “catch-up” amount. Advisers recommend that you invest in a globally diversified portfolio of assets to lower your risk but still potentially achieve attractive returns.
