A new year offers a natural reset – and when it comes to your finances, the first 90 days of the year are an ideal time to get organized, take advantage of planning opportunities, and set the tone for the year ahead.
This checklist highlights key areas to review early so you can move through the year with clarity and confidence.
1. Review and Update Retirement Contributions
Contribution limits typically change each year, and January is a great time to re-visit how much you’re saving for retirement. The Internal Revenue Service (IRS) provides a comprehensive overview of all types of retirement plans, but we’ve highlighted the most common below:
- 401(k) contributions: For 2026, the employee salary contribution (known as a deferral limit) is $24,500. If you’re 50 or older, you can make an additional $8,000 catch-up contribution. If you’re between ages 60–63, many plans allow a higher catch-up of $11,250 instead of the $8,000.
- IRA contributions: For 2026, the total limit for Traditional and Roth IRAs is $7,500, with an additional $1,100 catch-up if you’re 50 or older.
Starting early helps spread contributions throughout the year and makes it easier to reach these limits.
2. Maximize Health Savings Account (HSA) Opportunities
If you’re enrolled in a high-deductible health insurance plan, an HSA remains one of the most tax-efficient tools available.
- For 2026, the HSA contribution limit is $4,400 for individuals and $8,750 for families. You can add an extra $1,000 catch-up if you’re 55 or older.
HSAs have a triple tax advantage. Contributions are tax-deductible, grow tax-deferred, and qualified medical withdrawals are tax-free. The account is yours, not tied to a specific employer and funds can be rolled over year to year to allow for growth. This can be a powerful investment tool so if you’re eligible; it’s wise to start early in the year to maximize funding.
3. Get Organized for Tax Season
Filing your taxes is inevitable, but early preparation can make tax season far less stressful.
- Gather W-2s, 1099s, investment statements, and records of charitable giving
- Review last year’s return to identify planning opportunities for 2026
- Re-visit deductions, credits, and charitable strategies in light of changes under the One Big Beautiful Bill Act (OBBBA)
In addition, consider strategies such as backdoor Roth contributions, Roth conversions, and gifting appreciated securities.
4. Review Cash Reserves and Short-Term Goals
Ensure you have adequate cash for emergency expenses, upcoming tax payments, and known short-term goals such as travel, home projects, or investment opportunities.
Aligning cash with upcoming needs can help avoid unnecessary disruptions to long-term investments.
5. Re-visit Your Investment and Financial Plan
Markets, tax laws, and personal circumstances evolve – your plan should too.
Confirm your investment allocation still aligns with your goals and risk tolerance. Periods of market volatility or a market correction may also create opportunities for tax-loss harvesting – strategically realizing investment losses to help offset capital gains or reduce taxable income.
Be sure to review beneficiaries, estate documents, and insurance coverage to ensure all are aligned with your goals.
Start 2026 with Purpose
Thoughtful planning in the first 90 days of the year can empower you to make meaningful impact throughout the year and beyond. If you have any questions or you’d like help prioritizing these opportunities, the team at Astoria Strategic Wealth is here to help.
A new year offers a natural reset – and when it comes to your finances, the first 90 days of the year are an ideal time to get organized, take advantage of planning opportunities, and set the tone for the year ahead.
This checklist highlights key areas to review early so you can move through the year with clarity and confidence.