As the summer winds down, many of us feel the shift in the air—not just in temperature, but in rhythm. School resumes. Holidays approach. And after months of looser schedules and longer days, September brings structure and a return to routine. It’s also the final month of the third quarter, making it a natural time to pause, take stock, and prepare for the rest of the year.
Fall offers a perfect moment—not to panic about year-end, but to be proactive. Before we dive into contribution deadlines and charitable giving strategies, let’s reset. Let’s clarify what matters most and make sure our financial life reflects it.
Review & Reset the Big Picture
This is the season to zoom out. Start by checking in on the financial goals you set earlier this year. Have you stuck to your savings and spending intentions? If not, why? What changed, and what can that teach you about setting more realistic goals for the future?
It’s also a good time to evaluate values alignment. Does your spending reflect what matters most to you? Are you giving in ways that feel consistent with your purpose? Have you been prioritizing your own needs—spiritually, emotionally, financially?
Consider updating your net worth statement or household balance sheet. If you haven’t revisited your financial or estate plans in the past year—or after a major life change—now is the time.
Maximize the Rest of 2025
With a clearer view of where things stand, you can start looking at the specific financial moves that will matter most in Q4.
Retirement Contributions & Roth Conversions
There’s still time to make Roth IRA contributions (if eligible) or complete Roth conversions before the 12/31 deadline. For those over 50, don’t forget catch-up contributions to 401(k), 403(b), or IRAs. Small business owners: if you're considering a Solo 401(k), the plan must be established by year-end (though funding can occur by the tax deadline). HSA contributions, while technically allowed into next year, are often worth evaluating now.
RMDs & Charitable Giving
If you were born in or prior to 1952, have you satisfied your Required Minimum Distribution (RMD) for the year? If not, have decided if you will keep the distribution, reinvest it, or perhaps consider a Qualified Charitable Distribution (QCD)? Thinking about this now will help you determine the best path forward for your 2026 RMDs.
This is also a great time to revisit your giving plan. Are you planning to make donations this year? If so, how will you decide where and how much? QCDs are a powerful tool for those over age 70½, and Donor-Advised Funds can simplify both record-keeping and tax planning. Making decisions now—rather than in a holiday-season rush—can reduce stress and allow for more thoughtful giving.
Education & 529 Planning
529 plan contributions often follow a 12/31 deadline for state tax benefits (check your state’s rules). October 1 marks the opening of FAFSA for the 2026–2027 academic year, making now a good time to coordinate education planning, gifting, and withdrawals with your overall strategy.
Insurance & Beneficiary Reviews
Review your life, disability, long-term care, umbrella, and property and casualty coverage. Are your home and auto insurance limits still appropriate given inflation and replacement cost changes? Do you have the right endorsements in place?
Check beneficiary designations across all accounts, including retirement plans and life insurance policies. If you're entering your mid-50s or 60s, it may be time to explore long-term care planning—or even permanent life insurance, especially if you’re concerned with estate planning, wealth transfer, or tax efficiency. Keep in mind: while the federal estate tax exemption is high, many states have their own thresholds.
Spending Awareness & Budget Setup
Q4 is a great time to begin tracking your spending in preparation for 2026. We’ve tested RocketMoney and found it helpful for identifying recurring charges and subscriptions. Apps like CreditKarma can help you monitor your credit. (We are not compensated by these apps, nor are we responsible for the accuracy of their data—we’re simply sharing tools we’ve tried and liked.)
It’s also worth thinking about ways to increase charitable giving and savings next year. What are the values and goals you’re working toward? Starting that conversation now can set you up for success.
Clear the Clutter
A financial reset also means simplifying. Consider closing unused accounts, deleting outdated financial apps, organizing your digital files, and unsubscribing from financial content that doesn’t serve your goals. Make space—for clarity, for confidence, and for growth.
Closing Thoughts
As Rosh Hashanah approaches, we’re reminded that preparation isn’t just about logistics—it’s about living with intention. Whether you’re reviewing your financial plan, refining your giving strategy, or simply re-centering after a busy year, now is the time to move forward with purpose.
If you’d like help reviewing your plan before Q4 kicks in, let’s talk. Click here to schedule a 30-minute conversation at a time that works for you.
From all of us at Benari Capital, we wish those who celebrate happy and health, sweet and prosperous New Year!