December isn’t just the end of the year—it’s the last chance to take advantage of powerful financial planning strategies before the calendar resets.

Here’s your retirement-ready year-end checklist:

1. Complete Your RMDs
If you’re 73 or older, don’t miss the December 31 deadline. The penalty for missing an RMD can be steep. Even if you’re just nearing RMD age, planning distributions early can help avoid surprises next year.

2. Consider a Roth Conversion
If you’re in a lower tax bracket this year, converting some traditional IRA funds to a Roth IRA can reduce future tax burdens. Done strategically, it can also reduce the size of your future RMDs and boost tax-free growth.

3. Make Qualified Charitable Distributions (QCDs)
Donating directly from your IRA to a charity can satisfy RMD requirements and reduce your taxable income. It’s a powerful way to give back while managing your tax bill.

4. Review Your Medicare & Benefits
Medicare open enrollment ends in early December. Make sure your coverage still fits your health needs. Review premiums, copays, and drug plans to ensure nothing has changed for the worse.

5. Talk to Your Advisor
An end-of-year strategy session can help you enter the new year with confidence, clarity, and purpose. Your advisor can help you tie up financial loose ends, review goals, and align your plan with any legislative changes.

Final Word:
Smart retirees don’t wait until January to plan. December is your window to act. Take the time now, and set yourself up for a more relaxed and rewarding year ahead.