5 tips from financial experts to finish 2025 strong

As the year nears its end, several financial strategies can help individuals strengthen their financial position. Rebalancing portfolios reduces risk by trimming high-performing securities and investing in undervalued ones, crucial for those near retirement. Investors saving for retirement should assess their international stock allocation, often being underrepresented in this area. Individuals over 50 can make catch-up retirement contributions, with additional options for those aged 60-63. Required minimum distributions can be strategically used to rebalance portfolios by using appreciated securities. Reviewing insurance coverage, especially during open enrollment, is vital to ensure optimal and cost-effective plans. Donating highly appreciated assets to charity or a donor-advised fund can reduce risk and tax liability. People aged 70.5 and older can donate directly from their IRA to charity, satisfying RMDs without incurring taxes. Retirement savers can also make IRA and HSA contributions until the tax filing deadline. Maximizing retirement plan contributions and reevaluating asset allocation are key steps to finishing the year strong financially.