Investment Management

2025 1st Quarter Investment Management

2025 1st Quarter Investment Management

Celebrating Our Team

We’re thrilled to announce two impressive achievements within our team this quarter! These achievements represent exciting new chapters in their professional journeys. We are fortunate to have them on our team.

Professional woman with long hair wearing glasses

Congratulations to Kim on her well-deserved promotion to Senior Client Service Associate—her dedication to our clients and exceptional operational skills have made her an invaluable member of our team.

Read more about Kim

 

Younger financial advisor in a dark suit with blue tie

Congratulations to Kai for passing Level 1 of the CFA exam. This significant milestone demonstrates his commitment to professional development and advancing his expertise in asset valuation and portfolio management.

Read more about Kai

 

Major US Stock Indexes

 The S&P 500 began 2025 on strong footing until tariffs were imposed in February, with the index closing the quarter well off its February highs, along with declines in other major indexes.

    • The S&P 500 declined by -4.27%.
    • The Nasdaq 100 fell by -8.07%.
    • The Dow Jones Industrial Average decreased by -0.87%. 

Labor Market and Payrolls

The US economy added 228K jobs in March 2025, well above a downwardly revised 117K in February. This beat forecasts of 135K for March and it is the strongest figure in three months.

The unemployment rate changed little at 4.2 percent. It remains to be seen what changes will occur with the recent Federal firings brought about by Elon Musk and the Department of Government Efficiency.

    Inflation

    CPI readings flashed mixed data in Q1. Consumer inflation climbed from December through February and then fell in March. The yearly CPI inflation rate was 2.8% in March, coming down from 3.0% in February. The Fed’s target inflation goal on an annual basis is 2.0%. As we have indicated often in the past, getting to 3% or slightly lower would be relatively easy for the Fed. The difficulty continues to be getting to 2.5% and then to 2%. Inflation remains stickier, which makes it more difficult for the Fed to lower rates. This is even more pronounced today as tariffs are inflationary in the long term.

      The Fed and Rate Cut Possibilities

      The overnight lending rate set by the Fed remained unchanged during the first three months of 2025. The Federal Reserve minutes revealed concerns about potential tariff impacts on inflation, leading to a cautious stance on rate cuts. Fed Chairman Jerome Powell repeated his concern the first week of April,

      “We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation. While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.”

      Powell’s comments, come just days after the Trump administration unveiled the largest escalation in US tariffs. These are even steeper than the tariffs deployed under the Smoot-Hawley Act of 1930. Most economists concur that those tariffs, while not responsible for the Great Depression, certainly exacerbated it.

        Recession

        At the beginning of the year JPMorgan projected the chances of a recession in 2025 to be about 20%. The potential of tariffs slowing both US and worldwide economic growth, along with increasing the likelihood of inflation, they now put the chances of a recession at 60%.

         

         

        Our Contact Information

        3838 Camino del Rio North
        Suite 365
        San Diego, CA 92108
        619.255.9554

        Smoot Hartley, passed in 1930 shortly after the market crash of 1929, raised tariffs on a wide range of imported goods. While the act aimed to protect American industries from foreign competition, other countries retaliated with their own tariffs on American goods. This further restricted international trade, and these trade wars further strained international trade relations, which added to economic and political instability at that time.

        While history does not repeat itself, it often rhymes. Hopefully, calmer, well thought out approaches to tariffs will lower the chances of a recession. We may have already seen examples of this as Washington now has paused for 90 days on many of the Liberation Day tariffs, apart from those on China.

        Your Portfolio

        Diversification has always been a key component in the construction of client portfolios. We certainly saw this in Q1. While the S&P 500 fell 4.3%, the MSCI EAFE international index was up 6.9% in Q1. Meanwhile, bonds held up well in the quarter, returning 2.8%.

        It has been an eventful and uncertain quarter in the financial markets. We have been here before. OK, not exactly here, but close enough. Markets absorb events and changes, such as the pandemic, economic contraction, and inflation spikes. This, too, shall pass. Remember we are always here for you. If you have questions or concerns, please do not hesitate to reach out.

        2024 4th Quarter Investment Management

        Stocks: Long term Investors Come out on Top

        It has been a wonderful two-year stretch for U.S. stocks. The S&P 500 index just delivered the best two-year calendar stretch since 1998. The index returned 25.02% in 2024, following a 26.29% advance in 2023. The key is to stay invested. Through all the headlines, the interest rate cycling, elections, etc., long-term investors came out on top again.

         

        Reversion To the Mean – Not Yet

        Large caps continue to outperform small caps and growth continues to dominate value. The large cap Russell 1000 Growth index was up 33.36% in 2024, while the large cap Russell Value index was up 14.37% for the year. Meanwhile, the small cap Russell 2000 Growth index was up 15.15% in 2024, while the small cap Russell 2000 Value index was up 8.05%. At some point the disparity between growth and value should diminish, along with the relative underperformance of small cap stocks versus large cap stocks.

        Bonds fared well for the first nine months of the year, but had an ugly pullback in the 4th quarter due to interest rate concerns. The US Aggregate Bond index finished up only 1.36% for the year.

         

        Jobs + Yields = Concerns

        Up until last week the jobs data was deemed as Goldilocks – not too hot to be inflationary, and not too cold to raise concerns about a recession. December numbers revealed an increase of 256,000 jobs, exceeding the consensus estimate of 155,000. The U.S. unemployment rate edged lower to 4.1% down from 4.2%.

        The apparent good news for the economy could be bad news for interest rates. With the beginning of the Fed rate cuts in September, the 10-year note yield has moved from around 3.6% to 4.7%. This may put the brakes on any rate reductions in 2025.

        Inflation and the Fed

        The final phase of tackling inflation is taking longer than many anticipated. Consumer Price Index (CPI) and Producer Price Index (PPI) remain above the Fed’s 2% target. CPI data for November showed a monthly increase of 0.3%, raising the annual rate to 2.7%, up from 2.6%.

        Sectors like housing and services continue to drive inflation metrics higher. The Fed reduced the benchmark overnight lending rate at its December meeting by 25 basis points, bringing the target rate to 4.25%-4.50%, meeting market expectations. The move came after reductions of 50-basis-points in September and 25-basis-points in November. The Fed had indicated that it is looking at two rate cuts in 2025 versus the four it had projected last September. The jobs numbers and 10-year note yield will have the Fed reevaluating once again how many, if any cuts will take place this year.

         

        Our Contact Information

        3838 Camino del Rio North
        Suite 365
        San Diego, CA 92108
        619.255.9554

        info@plattwm.com

        www.plattwm.com

        Planning Ahead

        Keeping you informed is a top priority, and as more developments occur, we will keep you apprised of them. And of course, if your New Year’s resolution is financially based or if there is anything we can help you with, please don’t hesitate to get in touch with us. We are always here as a resource for you.

        Best wishes for a healthy, happy, and prosperous New Year!

         

         

        Staying Invested During Volatile Markets

        Staying Invested During Volatile Markets

        Economic Analysis by Jeff Platt and Kai Kramer

         

        You may have been watching the news and wondering about the recent market turbulence. We see several main factors affecting markets at this time:

          • Unemployment rate increased from 4.1% to 4.3% in July
          • Jobs growth totals 114,000 in July, coming in lower than the expected 175,000
          • Jobless claims for the week ending July 27 climbed by 14,000 to 249,000

        Additionally, the Bank of Japan raised their interest rates last week from 0% – 0.1% to 0.25%. The rise in interest rates has caused the yen to appreciate versus the dollar, which is putting an end to a common strategy called a “carry trade.” This is where investors borrow in a cheap currency to buy other (higher yielding) global assets.

         

        So what are we doing about the market drop?

        We have all heard the phrase, “Don’t just stand there; do something!” John Bogle, founder of Vanguard, modified this for long-term investors to say, “Don’t do something; just stand there!” In today’s investment environment, both expressions are true. This may sound familiar to many of you as it is exactly what we wrote in our quarterly newsletter of April 2020 when we saw a similar market drop at the beginning of the COVID-19 pandemic.

        You might also remember how we stayed the course through that turbulent time by maintaining equity positions, rebalancing portfolios to long-term strategic asset allocation (IPS), and doing some tax loss harvesting. These responsive moves benefited portfolios.

        We believe that the recent movement in the markets may be another opportunity for investors with a long-term perspective.

         

        Strategically, we will continue to maintain each client’s asset allocation because even if we were 100% convinced a recession was coming and we sold out of equities, we would still need to decide when to reenter the market and we DO NOT want to miss that window.

        The graph below shows how annualized returns would diminish by missing the 10, 20, 30, 40, 50, and 60 best trading days of the 21-year period between 2002-2023. During that time, the S&P 500 would have returned 9.0% annualized. If you missed just the best 10 days, the annual return fell to 4.8%. If you missed the best 30 days, your returns would be negative! This illustrates the difficulty of trying to time the market and how detrimental this could be to one’s portfolio.

        Maintaining portfolio allocations is more difficult when markets experience this type of volatility. Over time, however, investors are compensated for their stock market exposure. Remember, too, that the proper asset allocation is the one you will not abandon during difficult times.

        We hope this information provides you with some peace of mind at this time. If you have any questions about what you are seeing in the news or about your portfolio, please do not hesitate to get in touch.

        Are you on track for retirement?

         

        Making sure you will be ready for retirement can be overwhelming. Funding your retirement accounts over the years is a critical part of your journey to the retirement of your dreams. An experienced Financial Advisor can help you navigate the complexities of investment management. Talk to a Financial Advisor>

        Dream. Plan. Do.

        Platt Wealth Management offers financial plans to answer your important financial questions. Where are you? Where do you want to be? How can you get there? Our four-step financial planning process is designed to be a road map to get you where you want to go while providing flexibility to adapt to changes along the route. We offer stand alone plans or full wealth management plans that include our investment management services. Give us a call today to set up a complimentary review. 619-255-9554.

        Does the SECURE 2.0 Act Make 529s More Attractive?

        Does the SECURE 2.0 Act Make 529s More Attractive?

        Many of your have heard of the popular 529 savings plans that custodians can set up to fund their child or grandchild’s college education. Earlier this year, you likely also heard about the SECURE 2.0 Act which brought down some of the biggest changes to retirement and savings plans in recent years. But what does college planning have to do with retirement planning and how could the new legislation make 529s even more attractive than they were before?

         

        Understanding the SECURE Act 2.0 and 529s

         

        For those unfamiliar with the jargon, let’s get the basics out of the way. The SECURE Act 2.0, or the “Setting Every Community Up for Retirement Enhancement” Act, is legislation that primarily aims to help individuals increase and protect their retirement savings. But hidden within this big retirement package are some intriguing updates to 529 college savings plans.

         

        A 529 plan, in simple words, is a tax-advantaged savings plan designed to encourage saving for future education costs. Typically, these plans allow families to invest after-tax dollars that grow tax-free. And, when the time comes, withdrawals for qualified education expenses are also tax-free.

         

        Breaking Down the Benefits of SECURE 2.0 to 529s

         

        But what does the SECURE Act 2.0 have to do with these 529s, you ask? Well, it broadens the definition of “qualified education expenses” and enhances the flexibility of these plans.

         

        Thanks to SECURE 2.0, 529s now cover costs related to apprenticeships, and — here’s the big kicker — student loan repayments. Yes, you heard it right! You can now use the 529 plan to repay up to $10,000 in student loans. This new feature alone could make 529s far more appealing to many families.

         

        Additionally, under SECURE 2.0, if your child gets a scholarship, you can now withdraw the amount of the scholarship without the usual 10% penalty. That means more flexibility to adapt to life’s surprises.

         

        Balancing the Pros and Cons of 529 Plans

         

        Now, does this make 529s more attractive? It’s not a simple “yes” or “no.” While these changes certainly sweeten the deal, they don’t fundamentally alter the nature of 529s.

        529s remain an investment tool best suited for those quite certain about their children’s path to higher education. If your family’s situation matches this description, the expanded benefits under the SECURE 2.0 Act could indeed make the 529 plan more attractive.

         

        However, if there’s considerable uncertainty about your child’s educational future, or if your family might not be able to take advantage of the new benefits (like the ability to pay off student loans), the enhanced 529 might not seem much more attractive than before.

         

        The Risk? The Tax Costs of Overfunding a 529

         

        The reason that we say 529s are an investment tool best suited for those “quite certain about their children’s path to higher education” is because a new J.P. Morgan study found that a 529 account is still the most tax-efficient way to save for a student’s education—but only if that account is actually used and depleted by the time the student completes their education.

         

        That’s because removing the funds from the 529 for non-qualified expenses triggers a tax event. If the beneficiary does not go to school or does not finish school, the custodian has two choices:

         

        • Take back the money in the 529 account or give it to the student. However, in both cases, taxes and a 10% penalty must be paid on the earnings at the recipient’s ordinary income tax rate. If the student is in a lower tax bracket, it makes most sense for the student to receive the funds and pay taxes at the lower ordinary income rate.
        • Pass the account on to a lower generation (e.g., grandchildren). But there would be a tax liability for this option as well. The initial beneficiary might have to use some of the $12.92 million gift tax exclusion when a new beneficiary is named.

         

        In other words, if you aren’t sure your child will attend college or may not complete a full four years, you’ll want to look at other options to avoid these tax implications. Other options include a pay-as-you-go approach, funding UTMA accounts, or setting up grantor trusts.

         

        Choosing the Most Impactful Path

         

        The SECURE 2.0 Act has brought some considerable enhancements to the 529 college savings plans, making them potentially more attractive to many families. However, whether these changes tip the scales in favor of a 529 plan for you and your family will largely depend on your specific situation and needs. A 529 account is the most tax-efficient education savings alternative, but only if the account is exhausted when the student’s education is completed.

         

        As always, remember that financial planning is a personal journey. It’s essential to consult with a professional advisor who understands your financial goals and circumstances. If you’d like to discuss these changes and see how they impact your current financial strategy, don’t hesitate to get in touch!

         

        At Platt Wealth Management, our team of financial advisors are ready to understand your goals and dreams in order to present the right solutions to your needs and opportunities that will simplify your financial life. We would love to learn more about you with a complimentary Discovery Call. Contact us today to discuss your opportunities.

         

         

         

         

         

        Are you on track for retirement?

         

        Making sure you will be ready for retirement can be overwhelming. Funding your retirement accounts over the years is a critical part of your journey to the retirement of your dreams. An experienced Financial Advisor can help you navigate the complexities of investment management. Talk to a Financial Advisor>

        Dream. Plan. Do.

        Platt Wealth Management offers financial plans to answer your important financial questions. Where are you? Where do you want to be? How can you get there? Our four-step financial planning process is designed to be a road map to get you where you want to go while providing flexibility to adapt to changes along the route. We offer stand alone plans or full wealth management plans that include our investment management services. Give us a call today to set up a complimentary review. 619-255-9554.

        Your Ultimate Guide to Dividend Investing

        Your Ultimate Guide to Dividend Investing

        The best any expert can say about the stock market right now is that future returns will be uncertain, and volatility may be the new normal. Although there are slivers of light shining on some parts of the economy, many storm clouds darken the near to intermediate-term outlook on the stock market.

         

        Make no mistake; this is not a gloom and doom stock forecast. Quite the contrary, investors should maintain a cautious optimism and remain invested in the stock market, albeit fully hedged against uncertainty and volatility.

         

        One of the best strategies for accomplishing this is investing in dividend stocks as a portfolio stabilizer and a source of returns in an uncertain economy. In order to help you decide if dividend investing is right for you, we’ve put together this comprehensive guide. Of course, always consult with your financial advisor to understand what you’re buying and why you’re holding it in your portfolio.

         

        What is Dividend Investing?

         

        Dividend investing is a strategy focusing on investing in companies that regularly distribute a portion of their profit as dividends to shareholders. The most direct way a business can affect shareholder performance is through a cash dividend. A cash dividend is simply a return of investment to the shareholders. Each year, or each quarter, the board of directors announces a dividend that is paid in cash—sometimes in stock—directly to shareholders. 

         

        The better-performing companies will periodically increase their dividends. Some companies have been paying dividends for decades, so it becomes an expectation and a way to attract new investors. Once a company starts paying a dividend, it will go to any length to continue to pay it because not doing so indicates the company may be in trouble. 

         

        Creating Your Dividend Investing Strategy 

         

        Not all dividend stocks are created equal. As with any investment class, it’s important to establish strict criteria for selecting the stocks that best match your profile and meet some standard of quality. Chasing the highest yields can be as risky as investing in junk bonds. Over the long term, companies with an established record of uninterrupted dividends, a clean balance sheet, and a positive earnings outlook will outperform the higher-yielding investments in terms of both dividend income and capital appreciation. 

         

        When investing for the long term, diversification is always the key. With dividend stocks, you can invest across many sectors and among various dividend-paying investments, such as common stock, preferred stock, real estate investment trusts (REIT), ETFs, and mutual funds. 

         

        What to Look for in a Dividend-Paying Company

         

        With dividend stocks, investors need to apply the same due diligence they would use to purchase any stock, careful not to focus strictly on the dividend yield, which can be especially alluring after the stock price has fallen. It would be essential to know why the stock price fell and whether there may be the possibility of a dividend adjustment. 

         

        One of the most important factors to consider is the company’s debt-to-equity ratio, which could put pressure on the dividend during a down economy if it is too high. Dividend payers that have no trouble generating excess cash flow can be relied upon to pay their debt and dividend in any economic environment. 

         

        You also want to look at a company’s dividend payout ratio, calculated by dividing the annual dividends per share by earnings per share. The dividend payout ratio represents the portion of net income the company is paying out as cash dividends. Companies with a payout ratio of less than 50% are considered financially stable, with the potential to increase earnings over time. 

         

        What to do with Cash Dividends

         

        Investors need to decide what to do with their cash dividends. If the company is performing well and driving solid investment performance, you probably want to reinvest them back into the company. That drives investment performance further. However, if the multiples become unattractive over time, reinvesting in the company may not make sense. That should prompt a decision as to whether the stock is still attractive.

         

        Whether you hold or reinvest your cash dividends in the company, they are subject to income taxes. The advantage of dividend income over other forms of income is it is taxed at a maximum rate of 20% (plus a 3.8% surtax for the highest-earning taxpayers). The tax rate for taxpayers in the lower tax brackets is 15%. 

         

        Why Now Is the Time to Invest in Dividend Stocks

         

        While high-quality dividend stocks are not likely to generate market-leading returns in any given year, they will lose less money on the downside, which is the key to growing portfolio value over the long term. Investing in high-quality dividend stocks is not about generating outsized returns; instead, it is about generating a rate of return meaningfully greater than the inflation rate while preserving capital during protracted market declines. Dividends are always positive, so they are a counterweight in down markets.

         

        Many investors are unaware that dividend yield and growth have accounted for approximately 40% of long-term stock returns since 1930. During decades when inflation averaged more than 5%, they accounted for 54%. 

         

        Eventually, the U.S. economy will right itself, and sanity and stability will return to the markets with large-cap, dividend-paying companies leading the way. Until then, and even then, dividend stocks will provide an effective counterweight to most risks investors will encounter, including inflationary pressures (or stagflation), increased market volatility, interest rate fluctuations, or market declines. There has never been a better time to make dividend stocks an integral part of your investment portfolio.

         

        Adding a dividend stock component to your portfolio will not only increase your tolerance for volatile markets, but it can also become an enduring source of income regardless of the movement of stock prices, inflation, and interest rates. 

         

        Ready to find out if dividend investing could be the ballast you need in uncertain times? Or perhaps a source of income you could use to fund your future retirement?

         

        No matter where you are in your investing or retirement journey, our team at Platt Wealth Management can help. Simply schedule an appointment with one of our trusted advisors to discuss your opportunities today.

         

         

         

         

        Are you on track for retirement?

         

        Making sure you will be ready for retirement can be overwhelming. Funding your retirement accounts over the years is a critical part of your journey to the retirement of your dreams. An experienced Financial Advisor can help you navigate the complexities of investment management. Talk to a Financial Advisor>

        Dream. Plan. Do.

        Platt Wealth Management offers financial plans to answer your important financial questions. Where are you? Where do you want to be? How can you get there? Our four-step financial planning process is designed to be a road map to get you where you want to go while providing flexibility to adapt to changes along the route. We offer stand alone plans or full wealth management plans that include our investment management services. Give us a call today to set up a complimentary review. 619-255-9554.

        Impact of New Tax Laws on Your Financial Planning

        Impact of New Tax Laws on Your Financial Planning

        For many Americans, taxes are an essential consideration in their financial planning. As they should be! Because the tax code changes frequently, it’s critical to pay close attention to how they could impact your bottom line. ­­­­­­­­­

         

        Although Congress hasn’t passed any new tax legislation in the last few years, tax law changes could still affect many taxpayers. For example, the passage of the Inflation Reduction Act and the SECURE 2.0 Act in 2022 introduced a number of new tax provisions—some of which we are just now seeing come into play.

         

        For starters, under the current tax code, there are certain changes that occur automatically because they are indexed to inflation.

         

        Plus, there are actually several key provisions from the Tax Cuts and Jobs Act (TC&JA) of 2017 that are scheduled to expire in the next couple of years which could throw a wrench in some of your financial plans.

         

        And if those weren’t enough, the IRS is constantly issuing new rules on existing tax laws that can catch people off guard if they’re not paying attention.

         

        But you want to know, “How do tax law changes affect me?”

         

        Here are some of the key facets of your financial plan that could be affected by changes to the tax code over the next few years:

         

        1. Adjustments to Income Thresholds for Tax Rates

         

        It’s always important to stay on top of the changing income thresholds that determine your tax rate. In most years, they are adjusted for inflation, making it possible for your adjusted gross income to be taxed at a lower rate. For example, for married couples filing jointly in 2022, the income threshold 22% tax bracket was $83,551 to $178,150. In 2023, it was adjusted to $89,451 to $190,750. So, if your 2023 income was roughly the same as your 2022 income, the threshold likely dropped you into the 12% bracket.[i]

         

        1. Possible Increase in 2026 Tax Brackets

         

        The most significant change you will see regarding your tax bracket could occur starting in 2026 with the expiration of many provisions of the 2017 TC&JA. The sunset provision in the law means tax brackets will revert to their pre-TC&JA levels while decreasing the income thresholds, resulting in a significant tax hike unless Congress takes action.[ii]

         

        For example, the current top tax bracket of 37% will revert to 39.6%, and the income threshold of $693,750 for joint filers will decrease to $470,700. There will be similar adjustments for all the tax brackets.[iii]

         

        1. Deductions and Credits

         

        It’s important always to be aware of adjustments to the standard deduction, which increases yearly. The 2023 standard deduction for joint filers was increased to $27,700 from $25,900.[iv]

         

        The Inflation Reduction Act extended tax credits for homeowners adding solar and wind power systems as well as energy-efficient water heaters through 2032. Tax credits have also been extended for the purchase of new and used electric vehicles through 2032.[v]

         

        1. Retirement Planning[vi]

         

        The SECURE 2.0 Act made several changes to the tax code to enhance your retirement planning efforts. A big one is the additional delay in the starting age for Required Minimum Distributions (RMDs). Effective January 1, 2023, the threshold age to begin RMDs is raised to 73 from 72. It will gradually be increased to 75 by 2033. This allows you to delay distributions and defer taxes associated with them. However, it can also result in larger distributions over a shorter lifespan, resulting in larger tax liabilities.  

         

        Another significant change is an upward adjustment to the annual catch-up contributions individuals 50 and older can make to workplace retirement plans—increased starting in 2023 to $7,500 from $6,500. Beginning in 2025, workers age 60 to 63 will be able to make catch-up contributions of up to $11,250 per year.  

         

        1. College Planning

         

        Another SECURE 2.0 change offers a boost to college savers as it allows unused balances of up to $35,000 in 529 college savings plans to be transferred free of tax and penalty to a Roth IRA. To be eligible, 529 plans must be established for at least 15 years, and the fund transfer can’t exceed the standard Roth IRA contribution limit (currently $6,500 per year, $7,500 if age 50 or older).[vii]

         

        1. Estate and Gift Planning

         

        Another expiring provision of the TC&JA is the unified estate and gift tax deduction increase, which nearly doubled from $11.2 million for couples to $22.3 million in 2018. The exemption has risen over the years due to inflation, reaching $24 million in 2023. When the provision expires in 2026, the exemption will be cut in half to $6.8 million. This will impact wealth transfer and lifetime gifting strategies.[viii]

         

         

        Keeping Up with the Taxes

         

        With a divided Congress until at least 2024, we believe it’s doubtful we’ll see any new tax legislation in the next few years. However, there are still plenty of changes due to automatic adjustments, expiring tax laws, and provisions added to non-tax legislation, such as the TC&JA and SECURE 2.0 Act, to make visiting with your financial advisor and tax professional at least once a year worthwhile.

         

        Tax rules keep shifting, and let’s be honest, they can be a real headache to keep up with. From changes in how much we pay to what we can write off, there’s a lot to track. With some big rule changes coming up, it’s a smart move to check in and make sure you’re on the right path.

        Want some peace of mind about your finances? Let’s chat! Schedule a call with our financial advisors now, and let’s make sure you’re set up for success.

         

        [i] https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets

        [ii] https://www.kiplinger.com/taxes/what-to-do-before-tax-cuts-and-jobs-act-tcja-provisions-sunset#:~:text=The%20Tax%20Cuts%20and%20Jobs%20Act%20(TCJA)%20of%202017%20is,can%20help%20you%20get%20started.

        [iii] https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023

        [iv] Ibid.

        [v] https://www.cleanenergyresourceteams.org/inflation-reduction-act-what-you-need-know

        [vi] https://www.cnbc.com/2023/01/03/3-changes-in-secure-2point0-for-required-minimum-distributions.html

        [vii] https://stwserve.com/secure-act-2-0-allows-for-rollover-of-unused-529-plan-funds-to-a-roth-ira/

        [viii] https://www.fidelity.com/learning-center/wealth-management-insights/TCJA-sunset-strategies

         

         

         

        Are you on track for retirement?

         

        Making sure you will be ready for retirement can be overwhelming. Funding your retirement accounts over the years is a critical part of your journey to the retirement of your dreams. An experienced Financial Advisor can help you navigate the complexities of investment management. Talk to a Financial Advisor>

        Dream. Plan. Do.

        Platt Wealth Management offers financial plans to answer your important financial questions. Where are you? Where do you want to be? How can you get there? Our four-step financial planning process is designed to be a road map to get you where you want to go while providing flexibility to adapt to changes along the route. We offer stand alone plans or full wealth management plans that include our investment management services. Give us a call today to set up a complimentary review. 619-255-9554.

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