Tax season is here and it’s the perfect time to start planning for 2025 and beyond. In this episode, Frank dives into the key tax changes for 2025 that could impact your retirement strategy. From increased 401(k) contribution limits to standard deduction increases, Frank breaks down actionable strategies that could help maximize your tax savings this year and beyond.
With tax season ending, there’s no better time to shift from reactive filing to proactive planning. This episode highlights opportunities that may help you optimize your retirement savings and potentially reduce your tax burden. Tune in to discover some powerful strategies you may be overlooking.
Here’s what we discuss in this episode:
📈 The Standard Deduction: Do you need to itemize?
🏦 Maximizing 401(k) and IRA contributions, including catch-up provisions
🏥 Health Savings Accounts (HSAs): The triple tax advantage
🧾 Smart charitable giving strategies with donor-advised funds
🔄 Roth IRA conversions for tax-efficient retirement planning
0:00 – Intro
0:49 – Tax Changes for 2025 & Standard Deduction
2:01 – Charitable Gifting Strategies
3:05 – 401(k) Contributions & Your Tax Bracket
5:57 – The Benefits of HSAs
9:05 –Tax Strategies Top Tips
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Advisory services offered through CreativeOne Wealth, LLC a Registered Investment Adviser. CreativeOne Wealth, LLC and Oliver Asset Management are unaffiliated entities.
Licensed Insurance Professional. Respond and learn how financial products, including life insurance and annuities can be used in various planning strategies for retirement. The information contained herein is based on our understanding of current tax law. The tax and legislative information may be subject to change and different interpretations. We recommend that you seek professional tax advice for applicability to your personal situation.
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