Tax Planning Insights, Financial Planning Considerations, Market Perspectives & More
Tax Planning Insights
As the end of the year approaches, I want to help you spot time-sensitive planning opportunities.
Perhaps you…
- Wish to make a high-level survey of your financial picture, ensuring that you aren’t missing any windows of opportunity that close with the calendar year;
- Are looking to reduce your income tax liability this year and are seeking loss harvesting and income-reduction opportunities; or
- Are considering making year-end gifts to charitable organizations or family members and need to determine your optimal funding strategy.
Tracking numerous deadlines and avoiding missed planning opportunities can be challenging during these busy months. To help ensure that you remain on track, I have a checklist that outlines 18 time-sensitive considerations to guide your end-of-year review and tee up any adjustments for the coming year.
Financial Planning Considerations
As inflation slows, retirees still face the challenge of maintaining their purchasing power and quality of life. The Social Security Administration has announced a 2.5% cost-of-living adjustment for 2025, lower than previous years but reflective of the current inflationary environment. Retirees are advised to build portfolios that balance growth and income to navigate increased life expectancies and market fluctuations. Strategies like the 4% withdrawal rule and professional financial planning can help ensure savings last throughout retirement.
Read More: How Can Retirees Navigate Cost of Living Challenges
Market Perspectives
Gold’s recent rally, surpassing $2,600 per ounce, is driven by factors like geopolitical tension, fiscal concerns, and Federal Reserve rate cuts. While gold is often seen as a safe haven in uncertain times and a hedge against inflation, it doesn’t generate income like other investments such as bonds. The stock market has historically outperformed gold over time, but gold can play a role in diversifying portfolios. Investors are encouraged to view gold as part of a broader, diversified strategy rather than a standalone investment.
Read More: What the Gold Rally Means for Investors
Next Play Financial Updates
Exciting News
Altruist introduced a new fixed income trading platform, offering advisory clients expanded options for fixed income investments.
Benefits for Clients:
- Diverse Investments: Access CDs, US Treasuries, corporate, municipal, and agency bonds.
- Fast Trading: Quick, efficient trades with competitive pricing.
This platform provides more ways to tailor the fixed income portion of your portfolio!
