July marks the midpoint of the year—and while summer may feel like a time to slow down, it’s actually one of the best times to take a step back and evaluate your financial progress.

At Freitas Wealth Management Group, we encourage our clients to treat mid-year as a personal financial checkpoint. It’s an opportunity to reflect, recalibrate, and reengage with your long-term goals. Whether you’re ahead of schedule or feeling off track, now is the perfect time to course-correct before year-end sneaks up.

Here’s a helpful checklist of key areas to review:

1. 🎯 Revisit Your Financial Goals

Start by asking: What were my top financial goals in January—and are they still relevant?

Maybe you planned to boost retirement contributions, reduce debt, or save for a major purchase. Life changes, so your goals might need adjusting. Take time to:

• Reaffirm your priorities

• Set new milestones if needed

• Celebrate progress you’ve already made

2. 💸 Review Your Budget and Spending Habits

Have your expenses crept up with summer activities or inflation? Mid-year is a great time to:

• Compare your actual spending to your budget

• Identify categories that need trimming

• Reallocate resources toward goals you care most about

TIP: Consider using a budgeting app or tool to automate tracking and keep it simple moving forward.

3. 🧾 Evaluate Your Tax Strategy

Tax planning isn’t just for year-end. A summer review can help you:

• Adjust withholding or estimated payments

• Maximize contributions to IRAs, HSAs, and 529 plans

• Identify opportunities for charitable giving or Roth conversions

Proactive tax planning now can save you from scrambling in Q4.

4. 📈 Check In on Investments and Retirement Accounts

Markets fluctuate—and your portfolio might need rebalancing. Ask yourself:

• Am I still comfortable with my risk level?

• Has my portfolio drifted out of alignment with my goals?

• Do I need to adjust contributions to stay on track?

Also consider reviewing:

• Employer retirement plan elections

• Required minimum distributions (if applicable)

• Long-term strategy in light of recent performance

5. 🛡️ Reassess Insurance and Protection Plans

Your needs change—so should your coverage. Mid-year is an ideal time to:

• Review life, disability, and long-term care insurance

• Confirm beneficiary designations

• Ensure your coverage matches your current income and liabilities

Bonus: July 26 is National Disability Independence Day, a great reminder to evaluate income protection.

6. 📚 Plan for Upcoming Life Events

Are there milestones on the horizon? Think:

• College expenses

• Birth or adoption

• Retirement transitions

• Business changes

Each one may impact your plan—and now is the time to prepare.

🔄 Schedule a Mid-Year Financial Review

A quick check-in now can help prevent rushed decisions later. At Freitas Wealth Management Group, we take a holistic approach to planning that helps clients stay on track—no matter what the second half of the year brings.

📅 Let’s meet to evaluate where you are, where you’re going, and how we can help you get there.

👉 Schedule Your Mid-Year Review Today