Equipping Points:
Although tax season has come to a close, the time for smart tax planning has just begun! In this episode, we unpack the upcoming tax updates that could affect your planning for the next few years, including changes to 401(k) contribution limits, tax deductions, and the potential benefits of using tax-advantaged accounts like HSAs.
Eric dives into why certain tax-saving strategies are becoming even more crucial as you approach retirement. From catch-up contributions for those aged 60-63 to the unique benefits of Health Savings Accounts (HSAs), this episode gives you the tools to better prepare for 2025 tax changes and beyond.
Here’s some of what we discuss:
📊 401(k) Contribution Limits increase so you can boost your savings
💡 Catch-up Contributions may maximize your retirement savings
🏥 HSAs are a powerful tool for tax-free retirement healthcare savings
📝 Standard Deduction Updates for 2025
💼 How to make the most of tax-advantaged accounts
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
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