I hope you are enjoying the festivities of another holiday season! As 2025 approaches, I wanted to share our final letter regarding what to expect in the new year. Here are a few items of financial and personal interest as you plan next year’s financial goals.
Taxes
With Donald Trump elected as our next president, we anticipate some modifications to his 2017 Tax Cuts and Jobs Act (TCJA). We will wait and see what becomes of the TCJA, as it is scheduled to sunset at the end of 2025 and tax law will revert to the 2017 regime. Whatever changes come, we are ready to guide you with our new tax planning software designed to help you navigate this and many other tax topics. Please see the following guide for an analysis of current tax rates and what’s to come if no changes are made to the TCJA
For more information check out our TCJA Sunset Comparison Guide:
2025 List of Important Numbers
A perennial favorite is our list of important numbers regarding tax brackets, tax rates, retirement plan contribution limits, the RMD table, and other items of personal and financial interest. You can download a copy from the link below and feel free to share it with your friends, family and coworkers.
Download the list here:
Master List of Goals & What Issues Should I Consider at the Start of The Year
These two checklists provide foundational questions that can help you expand your understanding and awareness of possible goals in the areas of retirement, taxes, healthcare, lifestyle, estate, and wealth transfer. Review these and let me know if anything stands out that we should work on together in 2025.
Master List of Goals:
What Issues Should I Consider at the Start of The Year:
As we conduct reviews in the coming year, we will update your investor profiles and review your beneficiaries to ensure we have the most accurate information on file and that nothing has changed regarding your beneficiary arrangements.
In the meantime, I hope you can take some time to enjoy the remainder of our winter holidays! Merry Christmas and Happy New Year to you and your loved ones. All the best for a happy, healthy, and prosperous new year!
Kind Regards,
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