Just as a healthy body demands regular exercise and smart nutritional choices, your financial well-being requires proactive strategies and informed decision-making. To help you get financially fit in 2025, we've assembled a collection of crucial tax considerations and financial opportunities. These insights are specially tailored to help you shed some tax weight and strengthen your money muscles in the year ahead.
Get in Your Reps with Employer-Sponsored Strategies
Think of 401(k)s, 403(b)s and HSAs as daily workouts. You won’t see results immediately, but big wins can happen over time—and potentially minimize the taxes you’ll pay on your retirement income later in life. These strategies normally include contributions from your employer, making your results even better! Just like your daily run or gym session, consistency is the trick. As your financial trainer, we can help you max out the benefits that come with employer-sponsored strategies.
Position Yourself for Tax-Efficiency Gains
When it comes to fitness, it pays to think one step ahead. Your taxes are no different. By taking tax-efficient income positions, you can maximize the tax-deferred and tax-free growth potential of your assets. We can help you hit your tax efficiency goals with strategies like utilizing health savings accounts (HSAs), harvesting tax-free capital gains, and leveraging the tax advantages of non-IRA accounts.
Fuel Retirement Income with a Tax-Efficiency Withdrawal Strategy
Like physical endurance on a long run or swim, financial longevity requires strategic thinking. Though you’ve already paid taxes on most of your retirement income, withdrawing too much at the wrong time or from the wrong account can bump you into a new tax bracket, increase your taxes, and even impact benefits like Medicare and Social Security. Like a running coach, we’ll work with you to develop a strategy that sets you up for success mile after mile, and year after year.
Craft a Path Around Social Security and Medicare Tax Hurdles
There’s no shortage of things to overcome when it comes to fitness, and Social Security and Medicare benefits are no different. As a team, we know Social Security and Medicare taxation obstacles and can help you craft a path that bypasses pitfalls like IRMAA surcharges that can significantly increase premiums.
Plan for What Happens After the Finish Line
All races come to an end. When they do, it's best to have a strategy for everyone cheering you on from the sidelines. We help develop cutting-edge strategies around long-term care and estate taxation. By efficiently using pre-tax IRA funds for potential care costs and implementing tax-smart estate strategies, we can help you build your financial endurance for the long haul.
In 2025, let’s embark on this journey to financial fitness together.
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