Aquila Wealth Advisors, LLC

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Ep. 53 Mastering Your Business Finances: A Comprehensive Yearly Checklist

Eric Maldonado, CFP®, MBA

Unlock the financial success code for your business! In this episode, I delve into a comprehensive checklist to supercharge your business finances throughout the year. You’ll discover the importance of growth assessments, how to pinpoint key performance indicators, and what it takes to set effective saving goals.

Listen in to learn the ins and outs of Roth contributions, how to manage inherited IRAs, and the art of strategic charitable giving. I also cover crucial steps for ensuring your investments are allocated correctly and that you’re making informed decisions about business insurance.

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What You’ll Learn:

  • The benefit of assessing your growth over the year.

  • How to track your financial gains through the year.

  • The value in writing down goals for your business.

  • How to determine your saving goals.

  • What you need to know about Roth contributions.

  • The benefit of planning for your charitable gift giving at the beginning of the year.

  • What insurance you should consider.


Ideas Worth Sharing:

  • “It is important to review your cash flow plan every year.” - Eric Maldonado

  • “If you have an inherited IRA, ensure you take the required minimum distributions. Take those at the beginning of the year.” - Eric Maldonado

  • “It’s good to put your charitable gift-giving ideas down on paper at the beginning of the year. That way you can start working towards them throughout the year instead of scrambling at the end to try and make it happen.” - Eric Maldonado

Resources:

Disclosure: Aquila Wealth Advisors, LLC is a registered investment advisor in the state of CA, LA, and in other jurisdictions where exempt. All content on this podcast is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.

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