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Get Ahead of The Curve: Year-End Financial Planning  Thumbnail

Get Ahead of The Curve: Year-End Financial Planning

Trust us, it’s never too early to start year-end planning.  Centura Wealth Advisory believes that there are ways to liberate your wealth—that process can be made possible through financial planning. 

Below are a couple of steps to follow for your annual financial planning. Let’s take the opportunity to get ahead of the curve and reach your financial goal.

Review Your Coverage

Insurance policies have a tendency to shift depending on changes in the environment. Centura Wealth Advisory acknowledges that a key element of financial liberation is to monitor and pivot your original plans. 

Insurance policies can be broken up into categories depending on your lifestyle. General liability insurance or personal liability insurance are a couple of examples that are worth reviewing. 

General liability insurance covers your business when costly claims arise during normal business operations. It can help cover your business in the case that your business caused:

  • Third-party bodily harm
  • Third-party property damage
  • Reputational harm
  • Advertising injury

General liability insurance, however, does not cover your business for work-related injuries or illnesses sustained by employees. It also does not cover damage to your own business property or mistakes made in your business’s professional services.

Review Your Mortgage

 It’s unlikely that you want to deal with a mortgage, but there are many benefits to preparing for the worst. Maybe you’re working from home long-term and want to move to a new area, maybe you’re just ready for a change of pace. Either way, evaluating your current mortgage and adjusting can help future plans be set in motion. 

Tax Loss

Centura Wealth Advisory specializes in tax planning for different categories including:

  • Short Range Tax Planning
  • Long Range Tax Planning
  • Permissive Tax Planning
  • Purpose-Driven Tax Planning

Some professionals believe in a tax-loss method as a way to invest in returns, but each family and institution is different.

Our investment philosophy is centered around achieving the best absolute returns given a range of likely outcomes. We achieve this through passive investment management, and by offering a unique set of alternative investments that can bring an excess return to your portfolio.

General Planning

Consider what’s coming in the next few months and beyond. The holidays can become spendy and might require further budgeting. This is another reason why financial planning can never be started too early. It can be tempting to wait until after the holidays, but if you start now then there is greater room for financial liberation. 

Meet with a Tax Advisor

Centura Wealth Advisory is here to help plan you. Speak with one of our trusted advisors today. 

Centura Wealth does not make any representations as to the accuracy, timeliness, suitability or completeness of any information prepared by any unaffiliated third party, whether linked to or incorporated herein.  All such information is provided solely for convenience purposes and all users thereof should be guided accordingly.

We are neither your attorneys nor your accountants and no portion of this material should be interpreted by you as legal, accounting, or tax advice.  We recommend that you seek the advice of a qualified attorney and accountant.

For additional information about Centura, please request our disclosure brochure as set forth on Form ADV using the contact information set forth herein, or refer to the Investment Adviser Public Disclosure website (www.adviserinfo.sec.gov). Please read the disclosure statement carefully before you engage our firm for advisory services.