We’re halfway through the year—and that “fresh start” feeling from January? It’s probably long gone. We believe the mid-year mark is one of the most important dates when it comes to your yearly financial goals. We feel you need to think beyond what you’ve already done. There may be a lot you can still do.
We think smart, proactive moves now can help reshape your trajectory for the rest of 2025—and beyond. So, whether you’re behind on your goals or just want to lock in some smart momentum, here are some ways to consider helping you take control right now.
- Review Your Progress
What were your financial goals for 2025? Pay down debt? Max out a retirement account? Build up cash reserves? We believe now’s the time to take an honest look. Not to beat yourself up—but to see where you stand.
If something didn’t go as planned, don’t try to play catch-up all at once. Instead, consider focusing on adjusting the goal or strategy. Either one can work, so it just depends on what feels sustainable for you.
- Reassess Your Budget
Grocery bills, travel costs, service fees—so many things have gone up in price. If your budget hasn’t changed since last year, it may not be working as well as it could.
Go line by line. What’s necessary, what’s changed, and what’s out of sync with your goals? Even shaving off 5–10% from a few non-essentials can help create room to redirect toward long-term priorities.
- Maximize Employer Contributions
If your employer offers a 401(k) match and you’re not contributing enough to earn it, that’s money you’re giving away. At the very least, consider contributing enough to receive the full match. And if you got a raise recently, consider bumping up your contribution just slightly. Small increases now can potentially mean significant growth later. Don’t leave money on the table!
- Check Your Investment Allocation
We think markets have been unpredictable in 2025. So, we feel it’s a good time to check: Is your portfolio still aligned with your goals and risk tolerance?
Maybe your mix has drifted due to market performance. Or maybe your personal goals have shifted. Either way, a mid-year rebalance can help minimize risk or capture more opportunity. Our team can help evaluate your strategy and make appropriate adjustments where needed.
- Revisit Tax Strategies
Thinking about taxes only during tax season? We believe that’s a missed opportunity. We feel mid-year is a great time to explore/consider:
- Whether Roth conversions make sense for you.
- If you’re on track with required minimum distributions (RMDs).
- How you can optimize capital gains or losses.
- If charitable giving strategies might improve your tax outlook.
Working with a team that understands the different pieces of your financial picture can help you avoid last-minute decisions in December that don’t align with your long-term plan.
- Protect What You’ve Built
We think retirement and investment strategies need to protect your wealth, not simply grow it. Consider taking time this month to:
- Review your insurance policies for gaps or overlaps.
- Make sure your beneficiaries are current.
- Confirm your will or trust reflects your wishes.
- Ensure your financial and healthcare powers of attorney are up to date.
- Talk to an Expert—You Don’t Have to Figure It All Out Alone
You can Google financial tips all day, but we believe personalized, in-depth guidance from a fiduciary advisor offers something else entirely. If you’re feeling overwhelmed or just want a second opinion on your current strategy, that’s exactly why we’re here.
LaTour Asset Management in Springfield helps clients move forward with clarity and confidence. Whether you’re ahead of schedule or recalibrating, we’ll help you develop a strategy that reflects your life, not just the market. Want help fine-tuning your plan for the rest of the year? Call our team in Springfield today at (877) 888-5724 and work towards finishing the year strong!
