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Summertime Financial Check Up

Updated: Feb 17, 2023

Summer’s here, and the time is right for vacations, outdoor activities, and fun. It is also a great time to consider a few financial matters.

Here are some questions to ask yourself mid-year.

Summertime financial goals, vacation, beach, pool, protection, investment
Relax knowing you’ve thought of everything.

1. Are your goals still the same for 2022?

Have aging parents, the birth of a child, or a new job caused you to reconsider your priorities? Note any changes since the first of the year that may warrant reviewing your goals. Discuss these with your financial advisor.

2. Is your credit score looking good?

Double-check your credit score for any red flags. This can be a good way to catch issues like identity theft early. Consider placing a fraud alert on your credit file.

3. Are your contributions on track?

Consider increasing your contributions to any personal or workplace-sponsored retirement plans if it suits your goals. The longer you wait to save, the larger future contributions will be needed to hit your retirement nest egg goal.

4. Does your scheduled spending still make sense?

Look at any impacts you've felt due to market volatility, family priorities, or income changes. Do your plans for the rest of the year align with reality?

If these tips have you thinking, schedule a meeting with your financial advisor.

Final thought.

Are you comfortable with your progress towards your goals? If you have a net worth over $2 million and need help from a wealth manager, the Peak Wealth Planning team can assist you.

Peak Wealth Planning specializes in helping high-net worth individuals and families plan for the future.

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About the Author

Peter Newman is a Chartered Financial Advisor (CFA) and president of Peak Wealth Planning. He works with individuals nationwide that have accumulated wealth through company stock, ESOP shares, real estate, or running a business. Peter applies his unique background to help clients achieve their specific goals and enjoy peace of mind.

Peak Wealth Planning provides concierge services to meet your wealth management needs. Services include: financial planning, investment management, esop diversification, retirement income, insurance, and estate planning advice. Peak Wealth Planning is a fee-based financial advisor based in Champaign, Illinois, and Fraser, Colorado.


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