Have you achieved your financial goals this year? Finance professionals say now is a good time to take stock of what you've accomplished this year and start planning for next year.

"I always think this is a great time of year to reevaluate where, from a financial standpoint, what you have done," said Kelli Tampio, a financial advisor with Edward Jones. "It's an opportunity to say have I contributed enough with my 401(k). A lot of people may be getting bonuses, they may be able to ramp up their savings through an employee bonus. You might have been contributing a little to your 401(k) and this is an opportunity to say, can I add a little bit more."

Contribution limits for IRAs have gone up this year.

"With your traditional IRAs and Roth IRAs, the basic contribution is now $6,000 for those under 50 and $7,000 for those over 50," Tampio said. "So those have increased this past year."

Those over 70 and a half should take something called a required minimum distribution.

"That's a calculation done based on the account value and their age," Tampio said. "You don't want to keep that money in there because that could cost them a tax penalty, so it's very important that individuals who have an IRA or 401(k) meet with their financial professional and make sure that required minimum distribution is taken care of for this year."

It's also a good time to think about your overall strategy in light of the current market.

"The market has been doing very well; I think it's an opportunity for people to look at their diversification," Tampio said. "To think about things like, should I reposition anything to create some more safety potentially within my portfolio and are my investments in line with my risk."

She says sitting down and setting some goals on a regular basis can really pay off in the long run.

"I always think at the end of the year, it's very important for people to sit down, make sure they have a goal for the next year and think about some basic goals," Tampio said. "Like what do I want to put away, where are the areas of opportunity for me, do I want to put any contributions in maybe other investments. Maybe you're thinking of ways to help children or grandchildren with college."

And sometimes it's wise to reevaluate with changing markets.

"The market has been doing very well and I think it's an opportunity for people to look at their diversification," Tampio said. "To think about, am I diversified where I want to be with my investments. Should I reposition anything to create some more safety potentially within my portfolio, are my investments in line with my risk. It's a great opportunity to say okay, I need to sit down with my financial professional and make adjustments if something has changed. Sometimes if the market is doing well, investments become not as balanced and there is opportunity to move things around to make sure investments are in line with the client's goals.

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