Can you believe we're already halfway through 2025? As the months fly by, now is the perfect time to hit pause and reassess our financial plans. Major life events can dramatically alter your financial outlook, so a mid-year check-in can help ensure you’re still on track with your financial goals. Now is a great moment to reflect on any changes in your life this year and consider how these may require adjustments in your financial strategy.

Major Investments

If you’ve delved into buying property, inherited assets, or made significant financial changes, your financial portfolio may need reevaluation. These actions often come with their own set of tax implications and changes in risk tolerance. It’s crucial to reassess your investment strategies to ensure they align with new financial realities and maintain your path towards your long-term goals.

Family Updates

Marriage, welcoming a new child, health concerns, or preparing for kids to head off to college—any of these family changes bring along new financial considerations. Updating insurance policies, adjusting savings plans, or budgeting for increased expenses should be on your checklist. Taking these steps now can prevent financial stress later.

Career Shifts

Career changes, whether they are promotions, job changes, or even stepping into retirement, significantly affect your financial situation. These events might mean new income levels, goals, or indeed, a whole new financial outlook for your future. It’s wise to revisit your investment contributions, update retirement plans, or reevaluate budgets with any change in earnings to stay aligned with your aspirations.

At this mid-year mark, use these insights as a starting point to gauge your financial health. Consider consulting a financial professional or setting time aside to review your strategy to make necessary adjustments. By taking proactive steps now, you can ensure that your financial plans continue to support your life’s journey in 2025 and beyond.

Investment advisory services offered through Foundations Investment Advisors, LLC ("Foundations"), an SEC registered investment adviser. The views, statements and opinions expressed herein are those of the author, and not necessarily of Foundations or their affiliates. The content provided is for educational purposes only and the views reflected are subject to change at any time without notice. No investment, legal or tax advice is provided. Always consult with a professional. Foundations deems reliable any statistical data or information obtained from third party sources that is included herein, but in no way guarantees its accuracy or completeness.