Westside Investment Management Newsletter
As we move into the third quarter of the year, Q3 is an ideal time to assess progress, capitalize on remaining opportunities, and position yourself for a strong finish to the year. With more than half the year behind us, now is the time to evaluate what's working, address any gaps, and make thoughtful adjustments to keep your financial plan aligned with your long-term goals. Below is a snapshot of key planning considerations and important dates to keep on your radar this quarter.
Mid-Year Financial Check-In
Q3 is an excellent opportunity to take a comprehensive look at your financial progress and make strategic adjustments where needed. Consider taking time to:
- Review year-to-date income, spending, and savings trends
- Assess progress toward retirement and investment goals
- Evaluate portfolio performance and rebalance if necessary
- Review upcoming expenses, major purchases, or business investments
- Confirm beneficiary designations and account information remain current
- Make adjustments based on any changes in income, lifestyle, family circumstances, or risk tolerance
A thoughtful mid-year review can provide clarity and confidence as you head into the final months of the year.
Preparing for Year-End Planning Opportunities
While year-end may seem far away, Q3 is the perfect time to begin identifying opportunities that could benefit you before December arrives:
- Review projected income and potential tax liabilities for the year
- Evaluate estimated tax payment requirements
- Consider retirement plan contribution strategies
- Explore charitable giving and gifting opportunities
- Begin planning for capital gains, business income, or major financial events
- Identify opportunities to implement tax-efficient strategies before year-end deadlines approach
Starting these conversations early often creates more flexibility and better planning outcomes.
If you'd like to review your financial strategy, discuss tax planning opportunities, or ensure you're on track toward your goals, we're here to help. Together, we can make the most of the opportunities that remain this year and keep your plan moving forward with confidence.
Key Dates and Deadlines
July 4: Independence Day (Bank and Stock Exchange Holiday)
September 1: Labor Day (Bank and Stock Exchange Holiday)
September 15: Third quarter estimated tax payment due
If you believe you could benefit from working with a financial professional, let’s review yours goals to see if you’re a good match for our practice.
The Newsroom
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Creamy Garlic Chicken
Add flour to a shallow dish. Season chicken on both sides with a total of 1/2 tsp salt, 1/2 tsp pepper, and 1/4 tsp paprika. Add chicken to flour dish, one at a time, turning to coat lightly in flour.
Heat olive oil in heavy skillet over MED HIGH heat until hot. Add butter, then add flour-dredged chicken to skillet, being careful not to overcrowd the pan. If your pan is less than 12 inches across, you may need to brown the chicken in batches.
Cook chicken for approximately 4-5 minutes per side, until cooked and golden brown. Remove to a plate and set aside.
Reduce heat to MED LOW, and add a small drizzle of oil to pan (remember, DON'T clean it out!), then add shallots and cook for 2-3 minutes, until soft and fragrant. Add garlic and cook another 30 seconds or so.
Carefully pour in chicken broth or stock, scraping the bottom of the pan to loosen any browned bits. Pour in heavy cream and stir well to combine.
Cook 2-4 minutes, or until thickened slightly. Stir in 1/4 tsp each of pepper and Italian seasoning, and Parmesan cheese. Add chicken back to the pan, nestling them in and moving them around so the flour will help thicken the sauce.
If sauce isn't thickening up to your liking, mix 2 tsp of cornstarch with 1 Tbsp heavy cream and stir into the sauce. Cook and stir another minute or so and it should thicken up nicely.
VIEW RECIPE
