Summer vacations are in full force across America. We hope you are enjoying a summer of recreation, recharging and relaxation with friends and family.

As you take some downtime this summer, may we suggest a midyear financial checkup? Are your finances and retirement planning on track? Consider these easy suggestions for midyear:

• Check your withholding election. While getting a big tax refund in 2010 may sound enticing, you're really providing an interest-free loan to Uncle Sam. Consider reducing your withholding and saving the extra income.
• Review your investments. Could it be time to roll over your old employer retirement accounts into your GuideStone retirement plan? You'll simplify your retirement planning — receiving one statement and making it easier to figure out whether your asset allocation is appropriate for your risk tolerance and time horizon.
• Prepare for re-enrollment. Just after school starts, many of you will be selecting health insurance plans. Consider the plan you're in: Are you spending too much out-of-pocket, or are you paying for coverage you don't need? Understanding now how much you're spending on premiums, copays, coinsurance and deductibles will help you when it comes time to choose a plan this fall.

Summer is a great time to reconnect with your friends and your family. It's also a great time to reconnect with your finances and make sure your money is working for you.