Making the Most of Good Years

Economic cycles are inevitable - what goes up must come down. The key to long-term financial success is maximizing the opportunities that good years provide while preparing for the inevitable downturns.

Avoid Lifestyle Inflation

When income increases, it's natural to want to upgrade your lifestyle. However, maintaining your existing standard of living and saving the difference can provide tremendous financial security.

Strategic Investment Timing

Good years provide excellent opportunities for:

• Maximizing retirement contributions
• Building taxable investment portfolios
• Investing in real estate
• Starting or expanding businesses

Tax-Efficient Strategies

Higher income years often mean higher tax brackets. Consider tax-advantaged strategies like:

• Maxing out retirement contributions
• Harvesting investment losses
• Timing income and deductions strategically