BiggerPockets Money Podcast Stay on Track to FIRE With These Money Moves Before 2026
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Nov 18, 2025 As the year-end approaches, the hosts highlight crucial financial moves to secure your FIRE goals. Strategies include maximizing tax-advantaged contributions and utilizing FSA funds before they expire. Discover tax-loss harvesting to reduce bills, smart charitable giving, and rebalancing your investments for optimal performance. They emphasize the importance of preparing for 2026 by reviewing budgets, checking credit reports, and verifying beneficiaries. Plus, learn about leveraging the annual gift tax exclusion and the benefits of 529 contributions!
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Revisit Your Financial Goals
- Revisit financial goals, note what worked, and project income and spending for next year.
- Set a new annual savings target aligned with upcoming life changes like moves or travel.
Bunch Deductions Before Year-End
- If you itemize, prepay deductible expenses like property taxes or January mortgage interest to bunch deductions.
- Prepay medical expenses if they will exceed 7.5% of your AGI to lower taxable income this year.
Consider Strategic Roth Conversions
- Consider Roth conversions in low-income years to pay taxes now and enjoy tax-free growth later.
- Analyze your situation carefully and use market losses or low income to minimize conversion tax impact.