Ask the advisors: What’s one financial move to consider making before year-end?

We asked three Thrivent financial advisors the question: What's one financial move people should consider making before year-end. Here are their answers.

“One important year-end move is reviewing both your retirement contributions and tax strategy. Workers may want to maximize contributions to IRAs and workplace retirement plans, which have higher limits in 2026. Retirees can project taxable income and explore opportunities for tax-efficient withdrawals, capital gains planning or portfolio rebalancing before year-end.”
—Scott Barth, financial advisor, Capstone Financial Group, Madison, Wisconsin

“Time is your most valuable asset. Take time before the end of the year to write down what you value and/or what you are most looking forward to doing in retirement, whether that’s soon or still a way off. Then, speak to your financial advisor about how to develop a plan in the coming year to help make those things come to life. Whether it is developing a savings plan, distribution plan or an estate plan, it should be centered around your passions and purpose.”
—Brandon Pedersen, financial advisor, Midwest Group, Waterloo, Iowa

“Take time to meet with your financial advisor before the end of the year and work with them on creating a solid foundation to your financial plan before anything else. We want to see our clients succeed, and the way we support that is by building from a strong foundation.”
—Sydney McKie, financial advisor, Virtual advice team