Midyear Financial Review: Why July Is the Perfect Time to Check In

Dustin Hall |
Categories
Financial Planning

As we cross into the second half of the year, July offers the perfect opportunity to pause, reflect, and realign your financial goals. A midyear financial review isn’t just about checking boxes—it’s about making sure your strategy is still working for you in light of everything the year has brought so far.

Why a Midyear Review Matters 

Life doesn’t wait for January 1st to shift gears. Whether you’ve had a job change, unexpected expenses, a new addition to the family, or changes in market conditions, your financial plan should be flexible enough to evolve with you. Midyear reviews help ensure that: 

● You’re still on track to meet your goals 

● Your investments are aligned with your risk tolerance and time horizon 

● Tax strategies are optimized before year-end planning begins 

● You’re adjusting for any life changes that affect your financial picture

What We Look At During a Midyear Review 

Here are a few areas we typically revisit with clients in July: 

1. Progress Toward Your Goals 

Are you saving enough for retirement, college, or that dream vacation? Are you hitting your debt reduction targets or growing your emergency fund? 

2. Investment Portfolio Check-In 

We review performance, rebalance if needed, and discuss whether your asset allocation still fits your risk profile and future plans. 

3. Tax Planning Opportunities 

Midyear is a great time to consider tax strategies like Roth conversions, harvesting losses (or gains), and charitable giving plans. Early planning means fewer surprises come April. 

4. Insurance and Estate Planning Updates: 

Have your coverage needs changed? Has your family structure shifted? We make sure your plans still provide the protection and legacy planning you intend. 

5. Cash Flow and Spending Review 

Are you living within your means, or do we need to revisit your budget and spending priorities?

 

Let’s Make the Most of the Rest of the Year 

A midyear review isn’t about making drastic changes—it’s about staying proactive and informed. Even small adjustments now can lead to better outcomes later. 

The second half of the year offers plenty of opportunities—and we want to be sure you’re in the best position to take advantage of them. 

We’re here to support you every step of the way.