Four Midyear Money Moves the Wealthy Swear By
Skip the standard rebalancing advice. Here are four smarter financial moves to make at your midyear check-in.
With the calendar flipping past the halfway mark, financial advisers across the country are urging clients to pause and assess where their money stands — and the strategies favored by high-net-worth individuals offer a sharper blueprint than the usual portfolio rebalancing advice.
Traditional guidance leans heavily on rebalancing asset allocations, but wealthier investors tend to take a more holistic approach at midyear. Rather than simply shuffling stocks and bonds back to target percentages, they examine the full picture: tax exposure, insurance coverage, estate documents, and whether their spending still aligns with long-term goals.
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The midyear moment matters precisely because it leaves enough runway to act. Unlike a year-end review — when time pressure limits options — a check-in conducted now gives investors roughly six months to harvest tax losses, maximize retirement contributions, or adjust withholding before the IRS deadline clock tightens.
Financial planners note that many households neglect the behavioral side of money management until December, when regret sets in. Conducting a structured review in summer, modeled on the disciplined habits of affluent clients, can prevent costly oversights and keep financial plans responsive to life changes that may have occurred in the first half of the year — a job switch, a new dependent, or a significant market swing.
The four specific moves outlined by MarketWatch draw on the kind of proactive, adviser-guided thinking that wealthier Americans deploy routinely, but which any household can adapt regardless of account size. Continue reading at MarketWatch.com
