As the New Year begins, it’s a great time to take note of important financial events that are coming this year. This will let you plan for them and avoid penalties and interest charges for missed payments.
January
- Be sure you have signed up for your company’s 401(k) program – especially if your employer offers matching funds.
- Establish your 2024 budget.
- If you have kids, establish and fund a plan to pay for their college education.
- If you have credit card debt, establish a plan to pay it down over the year.
- If you haven’t got an emergency fund yet, establish and fund a plan.
- January 15: Last day to make 2023 Q4 estimated payments.
- January 15: Last day to sign up for Marketplace Open Enrollment Period on HealthCare.gov.
February
- February 28: First-half property taxes due (Larimer County, CO).
April
- April 15: Tax Day
- File federal and state tax returns with payments.
- File for extension if required and submit payment estimates.
- File 2024 Q1 estimated payments if required.
- Last day to make payments to 2023 retirement accounts (IRA, 401(k), etc.).
- April 30: Property taxes due if you pay them all at once (Larimer County, CO).
June
- June 17: File 2024 Q2 estimated payments if required.
- June 17: Second-half property taxes due (Larimer County, CO).
- June 30: This is the deadline for filing a Free Application for Federal Student Aid (FAFSA) form for the 2024-25 academic year.
September
- September 16: File 2024 Q3 estimated payments if required.
October
- October is the open-enrollment period for many employer-sponsored health insurance programs.
- October 15: Final tax returns if you filed for an extension.
November
- November 1: Marketplace Open Enrollment Period on HealthCare.gov.
December
- December 15: Deadline for federal health insurance marketplace enrollment.
- December 31: Be sure you’ve taken your Required Minimum Distribution if you’re 73 or older.
- December 31: Make any final charitable contributions for the year.
The above financial events are common for many people. However, each of us has other important events that should be added to the list. Maybe your personal list includes mortgage payments, IRA contributions, Flexible Spending Account (FSA) contributions, Medicare enrollment, tuition payments, insurance management and so forth. If you’d like to go over what to include in your personal financial calendar, or any other financial matters, we can discuss this in a no-charge, no-obligation initial meeting. Please visit our website or give us a call at 970.419.8212 to set up an in-person or virtual meeting.
This article is for informational purposes only. This website does not provide tax or investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Please consult your tax or investment advisor for specific advice.