2020 Personal Financial Planning Calendar

By WJ Interests –

Happy New Year! Don’t let 2020 pass you by and let hindsight be this year (see what we did there?). Take prudent steps now in order to make the most out of your hard-earned wealth. Here we’ve put together a simple financial planning calendar for 2020 to help you prepare for the year ahead.


  • Review last year’s budget
  • Plan Annual and Monthly Budget
  • Review Investment Portfolio Allocation
  • Review annual maximum retirement account contribution limits for 2020 and adjust contributions accordingly
  • January 15th – Quarterly Estimated Tax Payment Due


  • Plan Monthly Budget


  • Plan Monthly Budget


  • Plan Monthly Budget
  • April 15th – Tax filing/extension deadline
  • April 15th – Deadline to make a prior-year contribution to an IRA
  • April 15th – Quarterly Estimated Tax Payment Due
  • Review Property and Casualty Insurance Coverage (i.e. home, auto, jewelry, umbrella, flood, etc.)
  • Ensure you have the appropriate coverage
  • Shop it out to ensure you’ve got the best rate


  • Plan Monthly Budget


  • Plan Monthly Budget
  • June 15th – Quarterly Estimated Tax Payment Due


  • Plan Monthly Budget
  • Review Investment Portfolio Allocation
  • Review your Estate Plan documents to ensure they are up to date


  • Plan Monthly Budget
  • Review and Update Beneficiaries on IRA’s, 401(k)’s, life insurance policies, etc.


  • Plan Monthly Budget
  • September 15th – Quarterly Estimated Tax Payment Due


  • Plan Monthly Budget
  • October 15th – Tax extension filing deadline
  • October 15th – Medicare open Enrollment begins (for those over 65 and on Medicare)


  • Plan Monthly Budget
  • Year-end tax planning


  • Plan Monthly Budget
  • Consider Tax Loss Harvesting in your taxable investment portfolio as applicable
  • December 7th – Medicare open enrollment ends

Other areas that may not affect everyone but to consider and add to your planning calendar if they do:

  • Employer Benefit Open Enrollment
  • Large purchase planning (i.e. car, home improvement, wedding, etc.)

Depending on your particular situation, there are many other areas you may also want to review and/or address in addition to the items listed here. Give us a call if we can ever be of service to assist you with your financial planning needs. Here’s to a Happy and Prosperous New Year!

WJ Interests, LLC, has provided Fee-Only financial advice to individuals, families and businesses since 1996. For more information, please contact us at wj@wjwealth.com or 281-634-9400.