Here Are Five Year-End Financial Moves You Should Consider

By Michael Aroesty



Believe or not, we are approaching the end of 2017 and it’s time to do some financial housekeeping. Planning early to make some strategic saving and investing decisions before December 31 can affect not only your long-term ability to meet your financial goals but also the taxes you’ll owe next April.

  1. Rebalancing: After double-digit gains in every major index this year, it makes sense to reallocate your portfolio back to its original asset allocation targets.

  2. Tax Loss Harvesting: 9 years into this bull market, losses may be hard to find within the portfolio, but you will want to take advantage of any that do exist. As mutual funds are set to push out their taxable gains toward the end of the year, you will want to make sure you aren’t at the wrong end of a big tax bill come April 2018.

  3. Contribute to IRA’s or Roth IRA’s: Depending on your income level, you will want to take advantage of the tax-deferred growth that can be attained by using these tax-sheltered vehicles.

  4. Take Inventory of Assets: Most people are saving money in various places (Corporate 401k, Bank account, Personal Brokerage Account, 529 Plans, etc.).  You’ll need to understand what you have in each of those buckets. Consolidate where you can and be sure to understand if each is working to achieve your goals.

  5. Pay it forward: There have been a lot of tragedies in the news of late, and there are a lot of people who are hurting.  Take some of the great fortune you have enjoyed financially in 2017, and give back to those in need.  This can be done through cash, check or credit card.  Better yet, open a Donor Advised Fund, and make a lasting impact.


All of the above steps are worth doing on an annual basis. Be sure to schedule a year-end meeting with your Financial Advisor to review your current financial standing, goals, and the implications of current and pending economic conditions. Don’t forget to tell them about any life events that took place during the year, including marriage, divorce, a new job or business venture, family changes, major purchases and buying or selling of property.


Smart investing is about managing risk and uncertainty to help maximize the potential return on your investment. An annual, year-end review to evaluate your investment strategy can assist in staying on track for your long term financial goals.


If you have any questions about this article or if you are interested in discussing specifics about your portfolio, feel free to contact me.




Michael Aroesty is Managing Director of Strategic AIM™ Asset Management at

D. B. Root & Company, a Pittsburgh-based wealth management firm. If you would like to contact the author, Michael Aroesty, please e-mail him at or call 412-227-2800


This material has been provided for general, informational purposes only, represents only a summary of the topics discussed, and is not suitable for everyone. The information contained herein should not be construed as personalized investment advice or recommendations. Rather, they simply reflect the opinions and views of the author.  D. B. Root does not provide legal, tax, or accounting advice. Before making decisions with legal, tax, or accounting ramifications, you should consult appropriate professionals for advice that is specific to your situation.  There can be no assurance that any particular strategy or investment will prove profitable.  This document contains information derived from third party sources.  Although we believe these third-party sources to be reliable, we make no representations as to the accuracy or completeness of any information derived from such sources, and take no responsibility therefore.  This document contains certain forward-looking statements signaled by words such as "anticipate," "expect", or "believe" that indicate future possibilities.  Due to known and unknown risks, other uncertainties and factors, actual results may differ materially from the expectations portrayed in such forward-looking statements.  As such, there is no guarantee that the expectations, beliefs, views and opinions expressed in this document will come to pass.  Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security.


Share on Facebook
Share on Twitter
Please reload

Subscribe to our monthly Big Picture Financial Planning newsletter


Please reload

Where to find us:



436 Seventh Avenue, Suite 2800

Pittsburgh, PA 15219-1818


Phone: 412.227.2800

Toll Free: 888.227.0913

Fax: 412.227.2805



811 Madison Ave, 7th Floor

Toledo, OH 43604


Phone: 419.574.9399

Toll Free: 888.227.0913

Fax: 419.574.9356

  • White LinkedIn Icon
  • White Facebook Icon
  • White Twitter Icon
  • YouTube - White Circle

© 2019 DBR & CO

This communication is strictly intended for individuals residing in the states of AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.

Important Consumer Disclosure: D.B. Root & Company, LLC (“DBR & CO”) is an SEC registered investment adviser located in Pittsburgh, Pennsylvania. DBR & CO and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisors by those states in which D.B. Root & Company maintains clients. DBR & CO may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. DBR & CO’s web site is limited to the dissemination of general information regarding its investment advisory services to United States residents residing in states where providing such information is not prohibited by applicable law. Accordingly, the publication of DBR & CO’s web site on the Internet should not be construed by any consumer and/or prospective client as DBR & CO’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Furthermore, the information resulting from the use of tools or other information on this Internet site should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from DBR & CO. Any subsequent, direct communication by DBR & CO with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of DBR & CO, please contact the United States Securities and Exchange Commission on their web site at A copy of DBR & CO’s current written disclosure statement discussing DBR & CO’s business operations, services, and fees is available from DBR & CO upon written request. DBR & CO does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to DBR & CO’s web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission.

Advisory HQ’s Top Ten advisors’ rankings are based on methodologies used by established financial news organizations and are highly focused on three pillars: total assets under management (AUM), firm size/quality, and the amount of revenue generated by an advisory firm. AdvisoryHQ’s Advisor Selection Methodology is based on a wide range of filters including fiduciary duty, independence, transparency, level of customized service, history of innovation, fee structure, quality of services provided, team excellence, and wealth of experience. The review and ranking articles are always 100% independently researched and written without the ranked Firms knowing they are being reviewed.

Certain supervised persons of DBR & CO, in their individual capacities, as registered representatives of a broker-dealer, may provide securities brokerage services and implement securities transactions under a separate commission based arrangement and may be entitled to a portion of the brokerage commissions paid to the brokerage firm, as well as a share of any ongoing distribution or service (trail) fees from the sale of mutual funds. 


A number of DBR & CO’s Supervised Persons are also licensed insurance agents and may offer certain insurance products on a fully-disclosed commissionable basis.  A conflict of interest exists to the extent that DBR & CO recommends the purchase of insurance products where its Supervised Persons may be entitled to insurance commissions or other additional compensation.