Are You on Track? A 6-Month Financial Review Guide
Halfway through the year is a perfect time to pause, reflect, and check in on your financial goals. We believe in proactive planning—not just once a year, but throughout the year. That’s why a 6-month financial review is one of the smartest ways to ensure you’re still aligned with your long-term vision.
Whether you’ve experienced major life changes or just want to make sure your investment strategy is staying the course, this midyear review can help bring clarity and renewed confidence to your financial journey.
Here’s a simple guide we use when checking in with clients at the 6-month mark:
1. Review Your Goals—Have They Changed?
Start with the big picture. Are the goals we discussed at the beginning of the year still the same? Maybe you’re considering a home renovation, planning for a child’s education, or rethinking your retirement timeline. If your priorities have shifted, your financial plan should too.
Pro Tip: Life transitions often lead to financial ripple effects. Let's talk through any updates you haven’t had a chance to share yet.
2. Track Your Spending & Saving
Are you spending in alignment with your goals—or are lifestyle creep and unexpected expenses eating into your savings?
Now is a great time to:
Revisit your budget (or create one!)
Evaluate your emergency fund (3–6 months of expenses is still the gold standard)
Adjust automated savings or investment contributions
This kind of tune-up can make a big difference by year-end.
3. Check In on Your Investments
Your portfolio should reflect your risk tolerance, timeline, and goals—not market headlines.
Midyear is a good moment to:
Review your asset allocation
Rebalance if necessary
Confirm your investments still align with your risk capacity and willingness
As your advisors, we’re watching the market—but we’re even more focused on you.
4. Optimize for Tax Efficiency
There’s still time to take action before year-end, especially with tax planning. Together, we can:
Evaluate opportunities for tax-loss harvesting
Confirm your retirement contributions are on track (IRA, Roth, 401(k), etc.)
Review charitable giving strategies or Donor-Advised Funds (DAFs) if relevant
Good tax planning doesn’t just happen in April—it happens now.
5. Review Insurance & Estate Planning Documents
These aren’t always top of mind, but they’re critical pieces of your financial security.
Ask yourself:
Has there been a major change in your life (marriage, divorce, new child, inheritance)?
Are your beneficiaries up to date?
Is your insurance coverage still appropriate for your income, lifestyle, and dependents?
We’ll help make sure the foundation of your plan is solid.
6. Talk to Your Advisor
A quick conversation can go a long way. We’re here to help you refocus, make updates, and identify opportunities. And if nothing has changed? That’s still valuable information—because it means your plan is working.
Final Thought: Stay the Course with Confidence
Financial planning isn’t a one-time event. It’s a living, breathing process that adapts with you. A 6-month review helps ensure that the roadmap we’ve built together continues to serve your best interests. Let’s schedule a midyear check-in. I’d love to hear what’s new, what’s changing, and how we can keep your financial future moving forward—on your terms.
The content of this blog is for informational purposes only and should not be construed as investment, tax, or estate planning advice. Skyline Advisors, Inc. is an SEC Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where representatives of Skyline Advisors, Inc. are properly licensed or exempt from licensure. If indices are referenced in marketing material, it is important to note that these cannot be invest in directly, any vehicle such as Passive index-based ETFs and Mutual Funds which attempt to replicate indices have internal expense ratios and other associated costs that would negatively impact returns. No advice may be rendered unless a client service agreement is in place. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.