As the new year dawns, many investors start out with the best of intentions. They plan to scrupulously document their spending, stick to a budget, pay down debt, and kick up their investment contributions. They aim to overhaul their portfolios so they're in line with their asset-allocation targets and to ensure that all of their holdings are best of breed. And don't forget getting organized and creating a will--two tasks that perennially appear on many folks' to-do lists.
Trouble is, that's too much radical change--and too much work--to tackle in a short period of time. Individual investors stand a better chance of getting their financial houses in order if they tackle their to-dos in manageable pieces rather than letting themselves get overwhelmed by all they have to do.