Retirement Resources President and Investment Advisor, Dave Boike, encourages an annual review of important information, which he provides a checklist for, and suggests taking a quiet moment during the holiday season to conduct a review.

Auburn Hills, MI — December 22, 2022— Dave Boike, President of Retirement Resources and co-author of The Ultimate Success Guide with Brian Tracy published a new article post on the company website entitled, “Year-End Financial Check List.” Mr. Boike provides a check list of important items that he recommends reviewing annually and updating when necessary.

“During the year-end lull,” Boike writes, “amid those brief but blissfully quiet times the holiday season often provides, between the parties and the holiday visits, it’s a great time to sit down and review your finances.” He adds, “I’ve provided a partial check list below to help with your review.” Boike states, “I hope you have ended up in a solid financial position this year and, that the coming year holds even greater promise for an abundance of health, happiness, and prosperity.”

Boike leads off with a review of financial accounts. He writes, “Make any needed updates to the beneficiary portion of your bank accounts, retirement accounts, life insurance policies, and annuities.” He emphasizes, “If you have you gotten married or had a child, or if a spouse or other loved one has moved on through divorce or death, within the last 12 months, you will also need to look at your tax withholding and make sure to account for this change.”

Next on Boike’s list is a review of life insurance records. He emphasizes the importance of keeping two separate records of these papers, “in case of fire or flood.” He adds, “Make sure you include information with each copy including dates, policy numbers, the amount of the death benefit, the name of the agent who sold you the policy, etc.” According to Boike, “A good place to store your records inside the home is with your financial records or legal papers. You can keep the second copy either in a safe deposit box, with a trusted relative, or with your attorney or other trusted professional. Also, make sure your beneficiaries know where to look for them after you’re gone.”

Read the entire article at LINK HERE

About Dave Boike

Dave is a well-known financial educator, co-author of The Ultimate Success Guide with Brian Tracy, author of High Tide and contributing author of 21st Century Wealth.  For over 30 years, Dave has been teaching investors age 55+ how to preserve their assets, increase their income, and reduce income taxes. He has taught Retirement Planning Classes at Michigan State University, Wayne State University and Oakland Community College. 

For over 4 years, Dave was featured on NBC25 every weeknight at 6PM, discussing the daily market wrap-up. Many area retirees have used Dave’s advice to enjoy a financially independent retirement.

Dave is a Chartered Financial Consultant, a designation awarded only to the most experienced advisors who have completed a 10-course program of study, through the American College in Pennsylvania, focusing on Tax, Investment, Risk Management, Retirement and Estate Planning.  He is an approved Member of the International Association of Registered Financial Planners, the Society of Financial Service Professionals.  As a strong advocate of education, Dave recently spoke at The Michigan Association of CPAs, and has taught retirement planning classes at Michigan State Education Center, Wayne State University, and Oakland Community College

Dave’s latest book, High Tide, A Practical Guide for Affluent Retirees to Protect, Profit and Prosper from the Coming Storm, talks specifically on the important challenges retirees are facing today and some new cutting-edge solutions to address those challenges.  He teaches you in this easy-to-read book how to take the steps necessary to achieve your successful retirement.

Dave is Managing Member and Chief Compliance Officer of Retirement Resources, LLC, a Registered Investment Advisory Firm. Every year, since 2011, Retirement Resources has been awarded the 5 Star Wealth Manager of Michigan, which is only given to the top 7% of advisory firms.

This content is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources is believed to be reliable but not guaranteed. Past performance is not indicative of future results.

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