Get Ahead Before the Leaves Turn: Why Fall Planning Starts in Summer
As the summer months wind down and routines begin to shift toward fall, many families find a natural moment to pause and reflect. This quieter season presents a valuable opportunity to revisit important financial conversations. At Kimelman & Baird, we encourage clients to use this time to prepare thoughtfully, easing the year-end rush and staying aligned with their long-term goals. From tuition payments to Required Minimum Distributions (RMDs) to charitable giving, the fall season presents a range of financial planning opportunities. Starting these conversations during the quieter summer months can make all the difference.
Reframing Fall as a Season for Preparation
Rather than viewing fall as a pressure point, we encourage clients to think of it as a time to reassess, reallocate, and realign. Many financial decisions require coordination with outside professionals, such as accountants, estate attorneys, and insurance specialists. Initiating these conversations now allows for a more measured and effective process as year-end deadlines approach.
We help clients navigate a range of priorities, including:
Tuition and Education Planning
With tuition deadlines approaching, families may want to revisit 529 plans, custodial accounts, or educational trusts. Families making annual contributions or paying institutions directly to benefit from gift tax exclusions may benefit from early preparation and review.
Charitable Contributions and RMD Planning
Whether clients are managing required minimum distributions or thinking about charitable gifts, planning ahead can help ensure alignment with both personal values and tax strategies. For those with multiple retirement accounts or scattered assets, consolidation and coordination can streamline the process.
Multi-Generational and Year-End Wealth Planning
Strategies like wealth transfer, gifting, and trust creation often require detailed documentation and third-party collaboration. Starting the process in the summer makes it easier to collect necessary information and schedule meetings with attorneys and other advisors before the end of the year.
A Collaborative, Coordinated Approach
Financial planning doesn’t happen in a vacuum. That’s why we take a collaborative approach by working alongside your CPA, estate attorney, or any other outside advisor to help our clients receive guidance that reflects their full financial picture. Our approach is built on partnership, clarity, and thoughtful execution.
Ready to Start the Conversation?
Effective planning starts with a conversation. Whether you’re ready to take the next step or just exploring your options, we're here to guide you through it. Ready to get started? Reach out today.