Andrew Schaetzke, CFP® 12/4/25 Andrew Schaetzke, CFP® 12/4/25

Important Financial Planning Numbers For 2026

By Senior Advisor Andrew Schaetzke, CFP®.

As you look ahead to 2026, it’s easy to feel overwhelmed by all the new financial and tax updates. To make things simpler, we want to highlight the key numbers to keep on your radar this year, including:

Updated tax rates and brackets for federal income, capital gains, Social Security, and estate taxes
Changes to deductions, exemptions, and available tax credits
New contribution limits for retirement plans (401(k), 403(b), IRA, SIMPLE IRA) and Health Savings Accounts (HSAs)
Required minimum distribution (RMD) rules for tax-deferred retirement accounts
Medicare premiums and IRMAA thresholds

To support your planning, we’ve included a helpful reference guide below. And as always, our team is here to walk with you through every step of your financial journey. If any of these updates raise questions for you or your family, please reach out to us—we’re here to help.

Please click on the images below to view the PDF.

Image of Important Financial Numbers for 2026

Important Disclosure Information & Sources:

This resource was created by fpPathfinder. SJS pays an annual subscription in order to license resources from fpPathfinder.

Advisory services are provided by SJS Investment Services, a registered investment advisor with the SEC. Registration does not imply a certain level of skill or training. SJS Investment Services does not provide legal or tax advice. Please consult your legal professional or tax professional for specific advice.

Andrew Schaetzke, CFP® 10/9/25 Andrew Schaetzke, CFP® 10/9/25

Am I Eligible For Medicare & How Do I Enroll?

Medicare Open Enrollment (October 15 – December 7, 2025) is the time to review your current healthcare coverage and make changes for the year ahead.

By Senior Advisor Andrew Schaetzke, CFP®

Medicare Open Enrollment (October 15 – December 7, 2025) is the time to review your current healthcare coverage and make changes for the year ahead. Determining when you must enroll in Medicare can be complicated. Depending on your situation, you may be automatically enrolled or you may have to proactively enroll.

To help simplify the process, we’ve included two guides that outline key decisions and considerations, including:

Eligibility before age 65
Eligibility with fewer than 40 work credits
Applicable premiums
Impact of age on enrollment
Automatic enrollment events
Initial Enrollment Period rules
Coverage start dates

Please feel free to reach out to your SJS advisor at any time to support you in the process. We are happy to help talk through any questions so you can feel confident about your Medicare choices for this coming year.

Please click on the images below to view the PDF.

Flowchart for Medicare Eligibility Part A and B

Important Disclosure Information & Sources:

This resource was created by fpPathfinder. SJS pays an annual subscription in order to license resources from fpPathfinder.

From Capitol Hill to Main Street: How the Big Beautiful Bill Impacts Your Business

As we discussed in our last blog post, Congress passed the long-anticipated One Big Beautiful Bill Act (OBBBA). True to its name, this legislation covers a wide range of tax and financial provisions. And for business owners in particular, the impact is meaningful [1].

By Senior Advisor Andrew Schaetzke, CFP®

As we discussed in our last blog, Congress passed the long-anticipated One Big Beautiful Bill Act (OBBBA). True to its name, this legislation covers a wide range of tax and financial provisions. And for business owners in particular, the impact is meaningful [1].

We know new legislation brings new questions. That’s why we’ve cut through the fine print and highlighted the updates that matter most for business owners and entrepreneurs. Here are some of the most important features of the bill:

The 20% deduction for Qualified Business Income (QBI) under Section 199A is now permanent for pass-through entities. This includes expanded phase-out thresholds for service businesses—and even a $400 minimum deduction for those with at least $1,000 in QBI [6].
Why it matters: This offers long-term planning clarity for LLCs, S Corps, partnerships, and sole proprietors—especially those concerned about prior sunset provisions.
The rules for Qualified Small Business Stock (QSBS) under Section 1202 just became more flexible—and more favorable.
- 50% of gains are excluded if the stock is held for 3+ years
- 75% of gains are excluded if held for 4+ years
- 100% exclusion still applies after 5+ years
In addition, two key thresholds have expanded:
- The gain exclusion cap is now the lesser of 10x basis or $15 million (up from $10 million), with both figures indexed for inflation
- Companies with up to $75 million in assets (up from $50 million) are now eligible [2]
Why it matters: This modernized framework may make QSBS more accessible and more beneficial for founders, early-stage investors, and business owners considering equity-based succession strategies. The new tiered holding periods also allow for partial exclusions on shorter timelines—a notable change from the traditional 5-year requirement.
Starting January 19, 2025, 100% bonus depreciation is back for non-real property. The prior phase-down schedule is scrapped [2].
Why it matters: This allows businesses to immediately write off the full cost of qualifying assets, boosting after-tax cash flow and incentivizing investment.
100% bonus depreciation now extends to certain production and refining facilities—split proportionally between operational and administrative areas [4].
Why it matters: Capital-intensive industries may see significant tax savings, particularly when upgrading or expanding plant infrastructure.
Section 179 limits increased to $2.5 million, with phase-outs starting at $4 million [2].
Why it matters: Small and mid-sized businesses have more flexibility to expense capital investments—without worrying about hitting outdated limits.
Domestic research and experimentation costs no longer require amortization, reverting to pre-2017 rules. Businesses may also retroactively expense R&D costs dating back to 2021. (Note: Foreign R&D still requires 15-year amortization.) [3][4]
Why it matters: This is a major win for innovative companies—especially those in engineering, technology, and manufacturing—who have been burdened by post-TCJA amortization rules.
Corporations may now only deduct charitable contributions above 1% of taxable income, though the existing 10% cap remains. Unused deductions can be carried forward [3].
Why it matters: This change could alter how C corporations structure philanthropic commitments—especially those with lower taxable income.
The excess business loss limitation is no longer temporary. Carryforward rules are clarified and locked in, adding predictability [2].
Why it matters: Business owners facing irregular income years will need to plan carefully—but the permanence of the rule helps with long-term modeling.
The pass-through entity tax (PTET) strategy—where states allow entities to pay income tax at the business level—remains intact [2].
Why it matters: This is still a viable workaround for state and local tax (SALT) deduction caps, especially in high-tax jurisdictions.
The interest expense limitation is now permanently based on EBITDA, rather than EBIT [2].
Why it matters: This provides more flexibility for capital-intensive businesses, especially those leveraging financing to fund growth.
Employee Retention Credit (ERC) claims for Q3 and Q4 of 2021 can no longer be filed after January 31, 2024 [4].
Why it matters: If you missed the deadline, no further claims can be submitted. If you filed already, consult your tax advisor on potential audit exposure.
The Opportunity Zone program is now permanent, with a rolling 10-year designation window starting in 2027 [2][5].
Why it matters: This helps create more long-term predictability for tax-deferred (or tax-free) investing in designated areas—potentially aligning with broader growth or real estate strategies.

So What Does This Mean for Business Owners?

Whether you're operating a closely held business, running multiple entities, or preparing for a transition, the long-term clarity in this bill creates real planning opportunities.

From expanded deductions and restored expensing rules to clear guidance on loss limitations and investment incentives, OBBBA offers a more stable tax planning environment.

We’re Here to Help You!

If you’re wondering how these updates may affect your business or personal financial plan, let’s talk. Your SJS advisor is ready to collaborate with your CPA or legal team to help you structure decisions around these new provisions—strategically, and in sync with your broader goals.

Important Disclosure Information & Sources:

“H.R.1 - One Big Beautiful Bill Act”. 119th Congress, 01-Jul-2025, congress.gov.
Mayer Brown, “One Big Beautiful Bill Act Introduces Significant Domestic and International Tax Changes” July 9, 2025.
RSM US, “New Tax Law Introduces Big Changes for Exempt Organizations,” July 14, 2025.
Doeren Mayhew, “Breaking Down ‘The One, Big, Beautiful Bill Act,’” June 10, 2025.
Bi-Pacific (BIPC), “One Big, Beautiful Bill … Simplified,” July 2025.
Tax Foundation, “199A Deduction: Pass-Through Business | Big Beautiful Bill,” June 2025.

Advisory services are provided by SJS Investment Services, a registered investment advisor (RIA) with the SEC. Registration does not imply a certain level of skill or training. SJS Investment Services does not provide legal or tax advice. Please consult your legal or tax professionals for specific advice.

Statements contained in this article that are not statements of historical fact are intended to be and are forward looking statements. Forward looking statements include expressed expectations of future events and the assumptions on which the expressed expectations are based. All forward looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected.

Jennifer Smiljanich, CFP® 7/15/25 Jennifer Smiljanich, CFP® 7/15/25

Unpacking the Impact of the Big Beautiful Bill

While many of us were enjoying fireworks and family time over the July 4th holiday, something else quietly lit up the sky in Washington—Congress passed the long-anticipated One Big Beautiful Bill Act (OBBBA). True to its name, this sweeping piece of legislation covers a wide array of tax and financial provisions designed to impact Americans at nearly every stage of life.

By Managing Director, Senior Advisor Jennifer Smiljanich, CFP®

We know “big” legislation can bring big questions. So, in true SJS fashion, we’ve pulled out the key highlights to help you better understand what this new law might mean for your financial picture.

Tax Brackets: The lower individual federal tax brackets enacted with the 2017 Tax Cuts and Job Act (TCJA) were retained, avoiding tax increases for about 62% of taxpayers.[1]

Deductions for Tip Income and Overtime Pay: The law allows for up to a $25,000 deduction for tips and overtime pay through 2028, except for highly compensated employees.

Increased Standard Deduction: The standard deduction level was increased by $1,000/$2,000 for individual/joint filers, helping many filers simplify their returns. Certain seniors also may benefit from up to a $6,000 additional deduction for tax years 2025-2028.

State and Local Tax (SALT) Cap Increases: Filers in higher tax states may benefit from the increase in the SALT deduction cap from $10,000 to $40,000 through 2029, with phase outs for high income filers.

Mortgage Interest Deduction: A deduction is retained for home mortgage interest deductions for debt up to $750,000.

Auto Loan Interest Deduction: Provides up to a $10,000 potential deduction for interest on the purchase of US-made vehicles through 2029, with a phase out for higher income filers.

Estate and Gift Tax Exemptions: The law provides for higher estate and gift tax exemptions of $15 million in 2026, and then adjusted for inflation.[2] These exemptions were set to revert to much lower levels at the end of 2025.

Newborn Accounts: Children born between 2024-2028 may now be eligible for a $1,000 government-funded savings account; taxpayers may contribute up to $5,000 a year to this account, which may grow tax free until the child reaches age 18.

529 Plans: Tax free withdrawals for more education-related expenses are now possible, including for certification and licensing expenses. Amounts up to $20,000 annually may be used for K-12 curriculum and expenses, dual enrollment fees for college courses, and standardized testing fees.[3]

Child Tax Credit: There is an enhanced child tax credit of $2,200 through 2028.

Charitable Donation Deductions: Starting in 2026, donors will be allowed to deduct $1,000/$2,000 (single/joint filers) if they don’t itemize their taxes. For those that do itemize, a portion of their charitable deduction will be disallowed starting in 2026. There may be an advantage to accelerating donations into 2025.[2]

Repeal of Electric Vehicle Tax Credits: Deductions for electric cars will phase out by September 30, 2025.[4]

Whether you're planning for your kids’ education, looking at new tax-saving opportunities, or simply wondering how this bill fits into your long-term financial goals, we’re here to help you make sense of it all.

And if you're a business owner, stay tuned—our next blog post will break down what this legislation means for your business and how to help you prepare for what’s ahead.

As always, your SJS advisor is just a call or email away—and we’re more than happy to collaborate with your tax professional to navigate these changes thoughtfully. From 2025 and beyond, we’ll continue to keep an eye on the fine print so you can focus on the big picture.

Important Disclosure Information & Sources:

Scott Savage 6/30/25 Scott Savage 6/30/25

Why Responsible Flexibility Matters at SJS

At SJS, we embrace the fact that great work can happen in the office or remotely. With four office locations and team members working across the country, flexibility isn’t just a benefit—it’s a strategic strength.

By Scott J. Savage, Founder & CEO

When I launched SJS back in 1995, the goal was simple: give clients big-firm expertise with the warmth of a small-town handshake. That “people-first” mindset has guided every decision since—including how we structure the workday and culture for our team members.

Over the past few years, one lesson has come through loud and clear: the best talent isn’t confined to a single ZIP code, and the healthiest careers aren’t defined by a single cubicle. That’s why we formalized Responsible Flexibility—a work-life balance philosophy that lets our team deliver exceptional results while living fuller, more resilient lives.

At SJS, we embrace the fact that great work can happen in the office or remotely. With four office locations and team members working across the country, flexibility isn’t just a benefit—it’s a strategic strength.

But flexibility doesn’t mean “anything goes.” It’s built on clear communication, trust, and shared values. We stay connected across time zones, align regularly in person, and ensure that client service never skips a beat. Each role is different, and flexibility may look different depending on the work. What doesn’t change is our expectation of professionalism, collaboration, and excellence.

Flexibility isn’t about working less—it’s about working smarter, with space to be present in all areas of life. Our responsible flexibility approach helps us:

Attract and retain top-tier talent
Expand access to diverse perspectives
Support our team’s well-being and work-life integration
Stay agile, resilient, and always client-focused

I often say that SJS is a business built on relationships—and that starts with our own people. We hire selectively because we’re serious about culture. We look for humble, driven professionals who want to grow and give back. We support lifelong learning, encourage community involvement, and create space for what matters most.

At the end of the day, I want the people who work here to be able to do excellent work and still make it to the school play, the family dinner, or the walk around the block that clears your head. Family comes first. Always has, always will.

Our purpose is to empower you to build a better life. That starts with our clients, but it also starts at home—with our team. We take care of our people so they can take care of you.

If you’re a professional looking for meaningful work—or an individual looking for a long-term financial partner rooted in small-town values with major market expertise—we’d love to talk.

Reach out to us today!

Important Disclosure Information:

There is no guarantee investment strategies will be successful. Past performance is no guarantee of future results.

Advisory services are provided by SJS Investment Services, a registered investment advisor (RIA) with the SEC. Registration does not imply a certain level of skill or training.

Scott Savage 5/27/25 Scott Savage 5/27/25

How To Know A Good Innovation From A Bad One

It’s no secret that the pace of innovation these days is supersonic. We all see the online videos of near-daily rocket launches and miraculous landings. And everyone seems to be asking the same question: how do we discern a good “innovation” from a not-so-good one?

By Founder and CEO Scott J. Savage

It’s no secret that the pace of innovation these days is supersonic. We all see the online videos of near-daily rocket launches and miraculous landings. We witness artificial intelligence (AI) advancements that astound us and, if we’re honest, may make us a little uncomfortable. Everywhere we look, new technology is invading our lives. And everyone seems to be asking the same question: how do we discern a good “innovation” from a not-so-good one?

Throughout our history, embracing innovation and change has been a big part of who we are. In 1940, the Investment Advisors Act was passed, requiring specific investment advisors to register with the SEC and adhere to fiduciary standards.[1] Believe it or not, it took more than fifty years for that new way of doing business to catch on. The registered investment advisor (RIA) model was completely foreign to the broker/dealer, commission-based salespeople who made up most of the industry at the time.

Even though we adopted the RIA model at our founding in 1995, we were among the first. That’s something we’re proud of. Back then, it was still considered a bold move—but we believed it was the right way to serve clients, and we still do.

MarketPlus® Investing has its roots in innovation. Historically, that’s played a role in defining the “Plus.” It’s about looking at the world, the nation, and the financial markets to find the innovations, evaluate them, and decide which ones meet our standards. Few make the cut.

On the plus side, the investment managers we partner with provide us—and therefore you—access to investments most people don’t even know exist. Advancements in technology, the size of SJS, the nature of our clients, and our relationships have opened doors to rare investment opportunities that are off-limits to most firms. Embracing innovation continues to set us apart.

An innovation we’re less favorable about? The trend toward private equity and its impact on our industry. Private equity-backed consolidators are buying up RIA firms at a rapid pace. That’s an innovation that doesn’t interest us in the least. In fact, we see it as a step backward for clients. We assure you that SJS will remain fiercely independent, which means putting your needs—not the interests of outside investors—first.

These are just two examples. The fly on the wall in our office witnesses regular conversations about innovations we find—and that find us. What technologies are a no? What are a wait-and-see? Which ones are a yes? How do we adapt? In every one of those conversations, you are top of mind.

Not all innovation is created equal. The good ones stand the test of time and improve outcomes. The bad ones? They usually reveal themselves soon enough. Our job is to know the difference—so you don’t have to worry about it.

Let’s stay ahead together. Reach out to your advisor anytime to continue the conversation! We’re here to answer your questions and help you stay confidently ahead—no matter what’s coming next.

Important Disclosure Information & Sources:

[1] “Laws and Rules”. U.S. Securities and Exchange Commission, sec.gov.

Statements contained in this report that are not statements of historical fact are intended to be and are forward looking statements. Forward looking statements include expressed expectations of future events and the assumptions on which the expressed expectations are based. All forward looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected.

Scott Savage 3/13/25 Scott Savage 3/13/25

How Much Is Too Much? Reflections from "Next Generation Philanthropy"

At SJS Investment Services, we’re always looking for fresh perspectives on wealth and how it impacts families, communities, and future generations. On March 11, we attended an event at the Toledo Museum of Art’s Glass Pavilion, Next Generation Philanthropy: Purpose, Not Privilege, featuring a conversation between Kristen Keffeler, author of The Myth of the Silver Spoon and Aly Sterling Philanthropy.

At SJS Investment Services, we’re always looking for fresh perspectives on wealth and how it impacts families, communities, and future generations. On March 11, we attended an event at the Toledo Museum of Art’s Glass Pavilion, Next Generation Philanthropy: Purpose, Not Privilege, featuring a conversation between Kristin Keffeler, author of The Myth of the Silver Spoon and Aly Sterling Philanthropy.

Kristin’s viewpoint challenged common narratives around inherited wealth and offered valuable insights on how the next generation—often receiving resources they didn’t earn—can redefine their relationship with money. She highlighted the emotional complexities that come with affluence, from identity struggles to the pressures of navigating financial privilege.

Kristin’s insights sparked a powerful conversation for us at SJS: How much is too much? People’s relationships with money exist on a spectrum. Some cling to it, always wanting more, yet never feeling like they have enough. Others see money as impermanent, freeing themselves from its grip. Most of us fall somewhere in between, navigating wealth with both ambition and uncertainty.

So how do we redefine wealth in a way that feels balanced and meaningful? A few takeaways from the event stood out:
💡 Money vs. wealth – Money is a tool, but real wealth is about purpose, connection, and values.
💡 The power of mindset – Shifting from fear to creativity and generosity can transform our relationship with wealth.
💡 Family conversations matter – Talking openly about money, privilege, and responsibility can help the next generation navigate wealth in a healthy way.

Kristin’s book, The Myth of the Silver Spoon, explores these themes further—offering a guide for families, advisors, and the rising generation looking to navigate the complexities of wealth with confidence and purpose. Whether you’re building a financial legacy or supporting clients in their journey, we recommend this book as a powerful resource for redefining what wealth really means.

At SJS Investment Services, we believe in fostering open, thoughtful conversations about wealth and legacy. If these ideas resonate with you, let’s start the conversation.

Disclosures: Advisory services are provided by SJS Investment Services, a registered investment advisor (RIA) with the SEC. Registration does not imply a certain level of skill or training. SJS Investment Services does not provide legal or tax advice. Please consult your legal or tax professionals for specific advice.

Scott Savage 3/11/25 Scott Savage 3/11/25

Navigating Market Volatility — SJS Perspective

Given recent price drops in US stocks, we wanted to offer our perspective on why maintaining discipline to target allocations may be one of the most important things we can do as investors.

By Founder & CEO, Scott J. Savage

Given recent price drops in US stocks, we wanted to offer our perspective on why maintaining discipline to target allocations may be one of the most important things we can do as investors.

It’s natural to wonder if moving to cash or otherwise “getting out” of certain investments might help during volatility. While market declines pose a risk, often the greater risk is missing the recovery that follows. Historically, the best days in the market tend to follow the worst, and missing just a handful of those best days can drastically impact long-term returns. Timing the market consistently is nearly impossible, which is why staying invested has been the best approach to ensure that your portfolio is there to capture the recovery when it happens.

Nothing is ever certain, of course, but managing uncertainty by weighing historical evidence has been critical to the success of SJS investment strategies for nearly 30 years.

We understand that volatility can be unsettling, so we want to reassure you:

We expect market fluctuations and plan for them.
We are continuously monitoring opportunities on your behalf.
We remain focused on managing your investments for long-term success.

We are here for you. Please reach out to the SJS Team if a meeting or conversation would be of value.

Very truly yours,
Scott J. Savage
Founder + CEO

Disclosures:
This does not constitute a complete description of our investment services or performance. SJS offers investment advisory services only in states where we are registered, have completed a notice filing or where an exemption or exclusion from such notice filing exists. SJS Investment Services does not provide legal or tax advice. Please contact your legal or tax professionals for specific advice.

There is no guarantee investment strategies will be successful. Past performance is no guarantee of future results. Diversification neither assures a profit nor guarantees against a loss in a declining market. Statements contained in this material that are not statements of historical fact are intended to be and are forward looking statements. Forward looking statements include expressed expectations of future events and the assumptions on which the expressed expectations are based. All forward looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected.

Andrew Schaetzke, CFP® 1/13/25 Andrew Schaetzke, CFP® 1/13/25

Important Financial Planning Numbers For 2025

To help you financially plan for 2025, we provide this resource with important numbers for the year.

By Senior Advisor Andrew Schaetzke, CFP®.

When planning for the coming year, it can be hard to keep track of all of the new financial and tax information. There are many important financial numbers to be aware of for 2025, including:

Tax rates and brackets, such as for federal income tax, capital gains tax, Social Security tax, and estate tax
Certain tax deductions, exemptions, and credits
Retirement plan (401(k), 403(b), IRA, SIMPLE IRA) and Health Savings Account (HSA) contribution limits
Required minimum distribution (RMD) table for certain tax-deferred retirement accounts
Medicare premiums & IRMAA surcharges

To help you financially plan for 2025, we provide the resource below. As always, we are here to help your family throughout your financial journey. We can provide resources, experience, and strategies that may be valuable to you. Please feel free to reach out to us if you have any questions.

Please click on the images below to view the PDF.

Important Disclosure Information & Sources:

This resource was created by fpPathfinder. SJS pays an annual subscription in order to license resources from fpPathfinder.

Hyperlinks to third-party information are provided as a convenience.

The Tale Of Two Curves: What The Yield Curve Means For You

The yield curve isn’t just an academic concept; it impacts real-life decisions.

By Senior Advisor Kirk Ludwig, AIF®.

In September 2024, the Federal Reserve started lowering interest rates after a long stretch of raising them to combat inflation. This marked a notable shift, as the Fed appears to have achieved a soft landing - taming inflation without derailing the economy. But here’s the catch: not all rates have followed suit. In fact, some rates are higher today than they were at the start of the year. Below is a graph of the Treasury yields along the maturity spectrum at the beginning of the year and the end of the year, known as the yield curve, and reflecting the changing market sentiment.

*Source: “Daily Treasury Par Yield Curve Rates”. U.S. Department of the Treasury, 02-Jan-2024 through 31-Dec-2024,* *treasury.gov. See Important Disclosure Information.*

At the start of the year, short-term interest rates were elevated due to aggressive Federal Reserve action to manage inflation. Over the year, inflation levels eased, and the Fed shifted to lowering rates, and short-term yields followed. But the longer-term rates have risen, incorporating expectations for growth, inflation, borrowing needs, and many other factors. This divergence tells us something important: while the Fed controls the Fed Funds rate, the market determines all other rates. The front end of the yield curve reflects what the market thinks the Fed will do next, while the back end reflects everything else into the future.

The yield curve isn’t just an academic concept; it impacts real-life decisions. If you’re watching your money market yields, you’ve likely noticed they’ve been dropping. On the other hand, if you’re shopping for a 30-year mortgage, rates have drifted higher. For investors, money market and short-term bonds are experiencing lower yields, while longer-term bonds are paying more income. That’s not to say that you should be shifting everything to longer maturities; it just simply means that the market is pricing future risk differently. Paying attention to maturity terms is critical, and that’s why we focus on the shift in all interest rates - not just the Fed Funds rate.

The yield curve has often been labeled the market’s crystal ball, supposedly predicting recessions and expansions. But a crystal ball might be giving it too much credit. A Magic 8-Ball is probably more fitting - you shake it and get a random answer like “Ask again later” or “Outlook not so good.” What the yield curve does exceptionally well is capture the collective thoughts of the market today. It’s a snapshot, not a prophecy, and tomorrow’s new information could change the picture entirely.

Important Disclosure Information:

Bobby Adusumilli 1/6/25 Bobby Adusumilli 1/6/25

Planning Financially For The New Year

As we begin the new year, we have some ideas for concrete actions to start your new year on the right foot, financially.

By Advisor Bobby Adusumilli, CFA.

As we begin the new year, we have some ideas for concrete actions to start your new year on the right foot, financially.

Review retirement contributions and gifting goals: In 2025, the IRS is boosting retirement contribution limits to new highs, as detailed in the table below. The IRS is also increasing the amount you may gift to an individual recipient to $19,000 in 2025, without affecting lifetime gift tax exemptions.

2025 Select Retirement Plan Contribution Limits

*Source: “Retirement Topics - Contributions”. IRS, irs.gov. See Important Disclosure Information*

Notify your accountant: It is important to notify your accountant of any contributions or donations that may have a tax consequence, as your tax documents may not explicitly state all of your contributions and donations. For example, retirement plan contributions, charitable donations (particularly qualified charitable distributions (QCDs) from your Traditional IRA if you are over age 70 1/2), and 529 plan contributions can all potentially help you save on taxes. Also, if you are invested in private funds, notify your accountant that you may not receive K-1 tax forms until later in 2025.
Keep SJS apprised of trusted advisor changes: We want to keep up with changes affecting your family, including changes to your attorney, accountant, or banker. Please let us know if you have made changes to the professionals you work with.
Update your estate plan: It is a good practice to regularly review your beneficiary designations to ensure they match your current wishes and align with your estate planning documents. Reviewing your estate planning documents periodically is also recommended, at least every five years or when there is a major change in your life.
Keep your wealth protected: Wealth accumulation is only part of the equation; the other piece is wealth protection. We strive to help keep your personal data safe, including avoiding sending personal information via email (unless encrypted) and reaching out to you to confirm that requests we receive from you are legitimate. Taking additional steps like adding multi-factor authentication and changing passwords periodically can help to keep your information safe.

As always, we are here to help you put your best foot forward. We are glad to meet with you to help keep you on track!

Important Disclosure Information:

Statements contained in this article that are not statements of historical fact are intended to be and are forward looking statements. All forward looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected.

Financial To-Dos Before The End Of The Year

As we approach the end of the year, we want to highlight some important financial items to review before the new year.

By Investment Associate Bobby Adusumilli, CFA.

As we approach the end of the year, we want to highlight some important financial items to review before the new year:

Contributing to workplace retirement plans, health savings accounts, and 529 plans for education: Each of these accounts help you to save and potentially invest in tax-advantaged ways, though all contributions need to be completed prior to December 31st.
Required minimum distributions (RMDs) from pre-tax retirement plans: For those age 72+ who need to take RMDs from retirement accounts such as a Traditional IRA, ensuring that your RMDs are satisfied prior to December 31st can help you avoid a potential financial penalty from the IRS.
Charitable donations as well as gifting to loved ones: Particularly in a positive return investment year, it may be advantageous to donate appreciated securities from a taxable account. Additionally, for those age 70.5+, you are able to make qualified charitable distributions (QCDs) directly from your Traditional IRA worth up to $105,000 prior to December 31st. For those gifting to individuals, you can gift $18,000 per beneficiary without being subject to gift tax.
Private fund tax forms: For those investing directly in private funds, you may have received K-1 tax forms relating to your investments, which may need to be included as part of your taxes due by October 15th.

As always, we would be happy to assist you in reviewing your finances to help ensure you are achieving your financial goals.

Important Disclosure Information:

Jennifer Smiljanich, CFP® 1/5/24 Jennifer Smiljanich, CFP® 1/5/24

Planning (Financially) For The New Year

As we begin the new year, we have some ideas for concrete actions to start your new year on the right foot, financially.

By Senior Advisor Jennifer Smiljanich, CFP® & Associate Advisor Austin Grizzell, CFP®.

As we begin the new year, we have some ideas for concrete actions to start your new year on the right foot, financially.

Review Retirement Contributions & Gifting Goals

In 2024, the IRS is boosting retirement contribution limits to new highs, as detailed in the table below. The IRS is also increasing the amount you may gift to an individual recipient to $18,000 in 2024, without affecting lifetime gift tax exemptions.

2024 Select Retirement Plan Contribution Limits

Notify Your Accountant

It is important to notify your accountant of any contributions or donations that may have a tax consequence, as your tax documents that you provide your accountant may not explicitly state all of your contributions and donations. For example, retirement plan contributions, charitable donations (particularly qualified charitable distributions (QCDs) from your Traditional IRA if you are over age 70 1/2), and 529 plan contributions can all potentially help you save on taxes.

Keep SJS Apprised Of Trusted Advisor Changes

We want to keep up with changes affecting your family, including changes to your attorneys, accountants, or bankers. Please let us know if you have made changes to the professionals you work with.

Update Your Estate Plan

It is a good practice to regularly review your beneficiary designations to ensure they match your current wishes and align with your estate planning documents. Reviewing your estate planning documents periodically is also recommended, at least every five years or when there is a major change in your life situation.

Keep Your Wealth Protected

Wealth accumulation is only part of the equation; the other piece is wealth protection. We strive to help keep your personal data safe, including avoiding sending personal information via email and reaching out to you to confirm that requests we receive from you are legitimate. Taking additional steps like changing passwords periodically and adding multi-factor authentication can help to keep your information safe.

As always, we are here to help you put your best foot forward. We are glad to meet with you to help keep you on track!

Important Disclosure Information & Sources:

Hyperlinks to third-party information are provided as a convenience.

Important Financial Planning Numbers For 2024

To help you financially plan for 2024, we provide this resource with important numbers for the upcoming year.

By Senior Advisor Andrew Schaetzke, CFP®.

When planning for the coming year, it can be hard to keep track of all of the new financial and tax information. There are many important financial numbers to be aware of for 2024, including:

Tax rates and brackets, such as for federal income tax, capital gains tax, Social Security tax, and estate tax
Certain tax deductions, exemptions, and credits
Retirement plan (401(k), 403(b), IRA, SIMPLE IRA) and Health Savings Account (HSA) contribution limits
Required minimum distribution (RMD) table for certain tax-deferred retirement accounts
Medicare premiums & IRMAA surcharges

To help you financially plan for 2024, we provide the resource below. As always, we are here to help your family throughout your financial journey. We can provide resources, experience, and strategies that may be valuable to you. Please feel free to reach out to us if you have any questions.

Please click on the images below to view the PDF.

Important Disclosure Information & Sources:

This resource was created by fpPathfinder. SJS pays an annual subscription in order to license resources from fpPathfinder.

Hyperlinks to third-party information are provided as a convenience.

You Can't Take It With You

In addition to family gifting, many individuals support giving to organizations that aim to help their communities. We highlight some strategies to make the most of your giving dollars.

By Managing Director & Senior Advisor Jennifer Smiljanich, CFP®.

Giving to family members or charitable organizations is a highly personal decision, often tied with emotional strings. We make gifts aligned with our values, and our choice to give, or not to give, tells other people something about us. I have always felt a strong connection to Catholic Charities. In 1951, my father’s family emigrated to the United States from Germany with a few suitcases and a dream of a better life. His family received clothing from Catholic Charities to make their transition to America easier. Now I want to give that opportunity to someone else!

For some, gifting to family takes precedence over making donations to charity. Keep in mind that you may gift up to $17,000 per individual in 2023, without generating gift tax. Gifts can be made to individuals using cash or securities.[1] Various types of account structures, including 529 Plans, trusts, and Roth IRAs, may be used to help your loved ones accomplish their future goals, and your own.

In addition to family gifting, many individuals support giving to organizations that aim to help their communities. Below, we’ve highlighted some strategies to make the most of your giving dollars:

1. Consider making gifts using IRA dollars: for those age 70 ½ or older in 2023, you may request that your IRA custodian cut a check directly to a charity (called a qualified charitable distribution (QCD)). This strategy works well for individuals who cannot itemize deductions on their tax return. Each IRA dollar given to a qualified non-profit organization does not count as taxable income to the IRA owner. Additionally, for those taking required minimum distributions (RMDs), these donations can be used to satisfy your RMDs.[2]

2. Donate highly appreciated securities: if you are making a meaningful gift to a qualified charity, you may be able to donate a stock, mutual fund, or exchange traded fund (ETF) in kind. By doing so, you can avoid realizing the gain on the security at sale (and the resulting tax). The charity can sell the security and does not realize the gain if they are a qualified organization.[3] A win for both the giver and receiver! Consider this example of donating $50,000 of securities directly to charity:

3. Donor advised funds: these types of accounts can be held through a community foundation or custodian, including Schwab, Fidelity, and Vanguard. An individual can donate cash or securities to fund an account; using highly appreciated securities is most advantageous. At the time of funding, the donor receives a tax deduction up to the value of the securities / cash donated. The original securities are then sold and may be invested in other securities. Then, the donor may use the account to make donations all at once, or over time, to charitable organizations. There are some caveats - the receiving charity must be a legitimate qualified charity and the donor cannot use donor advised funds in a way that the donor receives some benefit (i.e. to pay for a gala dinner).[4] Unfortunately, a QCD from an IRA may not be directed to a donor advised fund.

4. Cash is always an option: for smaller gifts, one-time gifts, and gifts to smaller organizations that might not have a brokerage account to receive securities, cash might be the simplest and most effective option.

Finally, some states offer tax credits for charitable donations that might be used to help families paying private school tuition or to aid other charitable organizations. Tax credits reduce taxes due dollar-for-dollar. Ohio recently began a tax credit program to support scholarship granting organizations (such as some private schools), up to $750 per individual or $1,500 per married couple.[5] Arizona also offers tax credits for donations to selected charitable organizations and foster care organizations.[6]

We are available to help you, in coordination with your tax or estate professional, consider how to best accomplish your giving goals to family or to organizations aligned with your values. While gifts must be completed before December 31st to count for the current tax year, giving can be done throughout the year to support the people and causes that are near and dear to you.

Important Disclosure Information & Sources:

[1] “Frequently Asked Questions on Gift Taxes”. Internal Revenue Service, 2023, irs.gov.

[2] “IRA FAQs - Distributions (Withdrawals)”. Internal Revenue Service, 2023, irs.gov.

[3] “About Publication 526, Charitable Contributions”. Internal Revenue Service, 2023, irs.gov.

[4] “Donor-advised Funds”. Internal Revenue Service, 2023, irs.gov.

[5] “Scholarship Donation Credit”. Ohio Department of Taxation, 2023, tax.ohio.gov.

[6] “Credits for Contributions to QCOs and QFCOs”. Arizona Department of Revenue, 2023, azdor.gov.

Hyperlinks to third-party information are provided as a convenience.

Scott Savage 4/5/23 Scott Savage 4/5/23

Your Legacy

If you are lying awake asking yourself in the quiet of the night, “What should we do with our wealth when we die?”, please read on because in this article you will find potential answers, next steps, and resources.

By Founder & CEO Scott J. Savage.

Estate Planning, Multi-Generational Planning, Legacy Planning, Gifting Strategies, and Philanthropy Planning. Have you checked these boxes yet in your financial plan? If you are lying awake asking yourself in the quiet of the night, “What should we do with our wealth when we die?”, please read on because in this article you will find potential answers, next steps, and resources.

It's natural to have this nagging question appear out of the blue and then fade for a time, only to resurface when you least expect it. Often it’s the part of the financial plan that you will “get to later.” With this article, my hope is that “later” turns into today once you see how approachable and meaningful this process can be. Here is some encouragement to get you started:

Be intentional – As you tackle the question of your legacy, take time to contemplate what is important to you and your family. Thinking in terms of purpose instead of people first is often very clarifying and exciting.
Create a legacy plan – The best answers to the question of legacy come in the form of a plan, not a single answer. You have options. Consider them and decide which ones are best for you. I believe in the saying, “Failing to plan is planning to fail.”
It’s not one-and-done – This can be a very freeing reality. The plan you create today does not have to be your forever plan. In fact, it likely will not be your forever plan. Revisit your plan every few years and adjust it as your life changes.
Procrastination is the enemy – Now that you know your plan can and will shift over time, it takes the pressure off of the need for life-long perfection. Waiting only makes the task loom larger. There’s peace of mind in knowing that you have set forth guidance for heirs and beneficiaries.
Benefit society sooner than later – Why wait until you’re gone to put your wealth to use in a meaningful cause? Many people take great joy in seeing the impact their wealth is making while they are living. Well-conceived and well-executed philanthropic advice can make an astounding impact right now as well as later.
Prepare for the transfer of wealth – Ideally, the capital that you pass on to the next generation grows, surpassing your own impact on society. On the other hand, it can be a minefield if inheritors aren’t prepared for the responsibility. You can help prepare them now for the potential bias against “silver spoon” wealth, or the guilt and shame that can come from unearned riches.

When you’re ready to begin the journey of a well-conceived legacy plan, please let us know if we may be of help. In the meantime, here are some books and references to prepare you for what you’ll encounter. These are not hypothetical situations. We see the stories in these books play out often.

Worthy Reading:

Engaged Healthy, Wealthy & Wise by Coventry Edwards-Pitt

This book imparts lessons from inheritors and their significant others on how to navigate love, family wealth, and forging their own paths. Edwards-Pitt writes about experiences I have encountered advising many SJS clients through the years. Parents and grandparents instinctively want to help their kids and grandkids, and unwittingly “rob” them of the need to “figure it out” on their own. Emerging adults gain a sense of identity by getting a job, paying their bills, renting an apartment, and often, falling in love. When these emerging adults are shielded from these experiences, they never build their own identities. They aren’t prepared, often lack the tools, and therefore hide from the burden of responsibility. Edwards-Pitt also heroically challenges the status quo in most planning circles that prenuptial agreements are a necessary risk management box that those with inherited wealth must check. Through her experience, she concludes that the human risks of prenuptial agreements outweigh the legal risks. Based on my experience, I agree with her conclusion.

The Myth of the Silver Spoon by Kristin Keffeler

In her book, Keffeler tackles the emotional realities of inherited wealth. Better still, she offers up tactics to transcend negative thinking and behaviors that can come from wealth and money. These include putting words to difficult feelings and gaining a healthy sense of identity. She also delivers experiences and insight into how affluent parents can raise children to avoid entitlement and helplessness while helping them discover and sustain their own personal vision for a fulfilling, impactful life. If you are at the child-rearing or grandchild-enjoying stage of life, this book is a must-read because it not only provides identifiable stories that teach, it gives you methods that, as a family, you can talk about and practice. It’s an ounce of prevention that is worth a pound of cure.

I’d like to say that I "followed all of the parenting rules," and did all this right. But as a parent of four grown children and two young grandchildren, I admit to violating some of the advice offered by these two authors. But their guidance to establish a plan and prepare a vision for “when I’m gone,” that I have done. It can be an amazing journey when done with the right advisor. I’d love to help you and guide you and make it a positive, rewarding experience in your life. If you are open to the offer, let’s get started by understanding your unique circumstances, and having an open, honest discussion. That’s the backdrop, and from it can come the best advice.

Important Disclosure Information:

Hyperlinks to third-party information are provided as a convenience.

How The SECURE 2.0 Act May Impact Your Finances

In efforts to further improve retirement plan saving and investing, the SECURE 2.0 Act was signed into law in December 2022. We want to highlight how this act may impact your finances.

By Investment Associate Bobby Adusumilli, CFA.

In 2019, the SECURE Act was signed into law with the goal of helping people to save and invest for retirement.[1] In efforts to further improve retirement plan saving and investing, the SECURE 2.0 Act was signed into law in December 2022.[2][3] We want to highlight how this act may impact your finances.

Option For Roth Matching & Non-Elective Employer Contributions To Retirement Plans

Beginning in 2023, employer retirement plans (such as 401(k)s and 403(b)s) will be able to offer the option for employees to receive matching and non-elective employer contributions as Roth contributions, which are immediately vested. The Roth employer contributions would be added to the employee’s taxable income for that year.

It is important to recognize that this is optional for your employer, and this feature may not be available yet on your employer's retirement platform.

Increasing The Beginning Age For Required Minimum Distributions (RMDs)

Currently, owners of retirement accounts including Traditional 401(k), 403(b), 457(b), and IRA accounts are required to begin taking RMDs from these accounts starting at age 72. Based on birth year for people who have not already begun taking RMDs, the SECURE 2.0 Act changes the beginning age for RMDs to the following:

Required Roth Catch-Up Contributions For High Wage Earners For Employer Retirement Plans

Effective in 2024, for employees age 50+ who made at least $145,000 in wages (will be adjusted for inflation going forward) in the previous year from an employer, any catch-up contribution to that employer’s retirement plan must be a Roth contribution. If an employer retirement plan doesn’t offer a Roth catch-up contribution option, then catch-up contributions are not allowed for anyone for these employer retirement plans. Roth catch-up contributions do not apply for self-employed individuals, nor do they apply to IRAs such as SIMPLE IRAs.

Higher Catch-Up Limits For Employer Retirement Plans For Participants Age 60-63

Currently for employer retirement plans, participants age 50+ may make catch-up contributions of $7,500 to a 401(k) or 403(b), or $3,500 for SIMPLE IRAs. Starting in 2025, individuals age 60-63 will have the ability to make larger catch-up contributions. For a 401(k) and 403(b), the annual catch-up contribution limit for people age 60-63 will increase to the greater of $10,000 or 150% of the regular catch-up amount for 2024. For a SIMPLE IRA, the annual catch-up contribution limit for people age 60-63 will increase to the greater of $5,000 or 150% of the regular catch-up amount for 2025. These catch-up contribution limits will be indexed for inflation beginning in 2026.

Ability To Offer Roth Option For SIMPLE IRA & SEP IRA Plans Beginning In 2023

Limited Ability To Transfer A 529 Balance To A Roth IRA

Starting in 2024, a 529 plan beneficiary whose account has existed for at least 15 years may be able to use their balance to make Roth IRA contributions cumulatively up to $35,000 throughout their lifetime, subject to conditions.

Annually, the total amount you contribute to a Roth IRA - both via money earned as well as through a 529 account - cannot exceed the Roth IRA contribution limits.
You must have earned at least corresponding income within the year to contribute 529 account money to your Roth IRA.
Any contributions and associated earnings made to the 529 account within the previous five years are ineligible to be transferred to a Roth IRA.

This aspect of the SECURE 2.0 Act is complicated, and we expect further rule clarifications in the future.

Employer Matches For Student Loan Payments

Effective in 2024, employers will be able to to offer employer matches for eligible federal student loan payments made by participants. The student loan payments will be treated as salary deferrals for vesting and matching purposes.

It should be noted that this is an option for employers, but not an obligation.

For IRAs, The Catch-Up Limit As Well As Qualified Charitable Distributions (QCDs) From Traditional IRAs Will Be Indexed To Inflation Starting In 2024

As always, if you would like to discuss how the SECURE 2.0 Act may impact you and your family, please reach out to us.

Important Disclosure Information & Sources:

[1] “H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019". United States Congress, 2019, congress.gov.

[2] “SECURE 2.0 Act of 2022". United States Senate Committee on Finance, 19-Dec-2022, finance.senate.gov.

[3] “SECURE Act 2.0: Later RMDs, 529-to-Roth Rollovers, And Other Tax Planning Opportunities“. Jeffrey Levine, 28-Dec-2022, kitces.com..

Hyperlinks to third-party information are provided as a convenience.

Jennifer Smiljanich, CFP® 1/5/23 Jennifer Smiljanich, CFP® 1/5/23

Planning (Financially) For The New Year

We have some suggestions for concrete actions to start your new year on the right foot, financially.

By Senior Advisor Jennifer Smiljanich, CFP® & Associate Advisor Austin Grizzell, CFP®.

The ending of one year and the transition to a new year offers an opportunity for reflection on past events, and a look forward to a new beginning. To that end, we have some suggestions for concrete actions to start your new year on the right foot, financially.

Review Retirement Contributions

In 2023, the IRS is boosting retirement contribution limits to new highs - who knew there was a silver lining to inflation? The new amounts allow those of us with earned income to save more for retirement. Please review your 2022 contributions vs. the new 2023 limits for retirement plans and IRAs if you are inclined to maximize those contributions.

2023 Selected Retirement Plan Contribution Limits

*Source: “Retirement Topics - Contributions“. IRS,* *irs.gov*.

Consider Gifting Goals

Like retirement plan contributions limits, the IRS also increased the amount you may gift to an individual recipient to $17,000 in 2023, without affecting lifetime gift tax exemptions.

Keep SJS Apprised Of Trusted Advisor Changes

We want to keep up with changes affecting your family, including changes to your attorneys, accountants, or bankers. Please let us know if you have made changes to the professionals you work with. Tax season is fast approaching, and we want to ensure we are sharing tax documents with your current accountant and contacting the correct attorney on any strategy updates. Likewise, if you have changed banking relationships, we would like to be sure we have instructions on file to send funds to you in a timely manner when you need them.

Update Your Estate Plan

Over time, family dynamics change. It is a good practice to regularly review your beneficiary designations. They should match your current wishes and align with your estate planning documents. Reviewing your estate planning documents periodically is also recommended, at least every five years or when there is a major change in your life situation.

Take Inventory

As we move through different phases of our financial lifecycle, we often accumulate assets and move on to the next thing. Is there a reason to keep a retirement plan in place from a former employer? Am I really monitoring my "play stock" portfolio? Can I simplify my portfolio? Your SJS advisor can help you evaluate whether these investments align with how you view risk and investing today, and whether they are supporting your goals!

Keep Your Wealth Protected

We focus many of our interactions around market outlooks, how your portfolio is doing, and how it supports what matters to you. Wealth accumulation is only part of the equation, the other piece is wealth protection. We strive to help keep your personal data safe, including avoiding sending personal information via email and reaching out to you to confirm that requests we receive from you are legitimate. Taking additional steps like changing passwords periodically and adding two-factor authentication can help to keep your information safe.

As always, we are here to help you put your best foot forward. We are glad to meet with you to help keep you on track!

Important Disclosure Information & Sources:

Hyperlinks to third-party information are provided as a convenience.

Important Financial Planning Numbers For 2023

To help you financially plan for 2023, we provide this resource with important numbers for the upcoming year.

By Senior Advisor Andrew Schaetzke, CFP®.

When planning for the coming year, it can be hard to keep track of all of the new financial and tax information. There are many important financial numbers to be aware of for 2023, including:

Tax rates and brackets, such as for federal income tax, capital gains tax, Social Security tax, and estate tax
Deductions, exemptions, and tax credits
Retirement plan (401(k), 403(b), 457, IRA SIMPLE IRA) and Health Savings Account (HSA) contribution limits
Required Minimum Distribution (RMD) table for tax-deferred retirement accounts
Medicare premiums & IRMAA surcharges

To help you financially plan for 2023, we provide the resource below. As always, we are here to help your family throughout your financial journey. We can provide resources, experience, and strategies that may be valuable to you. Please feel free to reach out to us if you have any questions.

Please click on the images below to view the PDF.

Important Disclosure Information & Sources:

This resource was created by fpPathfinder. SJS pays an annual subscription in order to license resources from fpPathfinder.

Hyperlinks to third-party information are provided as a convenience.

What Financial Issues Should You Consider Before Year-End?

To help you assess financial issues to consider for the rest of 2022, we provide this resource.

By Senior Advisor Andrew Schaetzke, CFP®.

With the end of the year approaching, now may be a good time to review your investments and other financial matters for the rest of 2022, as well as plan for 2023. To help you assess financial issues to consider before year-end, we provide the resource below. As always, we are here to help you and your family throughout your financial journey. We can provide resources, experience, and strategies that may be valuable to you. Please feel free to reach out to us if you have any questions.

Please click on the images below to view a PDF version.

Important Disclosure Information & Sources:

This resource was created by fpPathfinder. SJS pays an annual subscription in order to license resources from fpPathfinder.

Hyperlinks to third-party information are provided as a convenience.

Suggested Reading

QBI Deduction: Permanently Protected

QSBS: A Modernized Take on a Powerful Planning Tool

Bonus Depreciation Returns to 100%

Qualified Production Property: New Manufacturing Incentive

Section 179 Expensing: More Headroom

R&D Expensing: Retroactive Relief

Corporate Giving: A Shift in Strategy

Excess Business Loss Limitation: Now Permanent

PTET Workaround: Preserved

Interest Deduction: EBITDA Basis Locked In

ERC Deadline Has Passed

Opportunity Zones: Permanence with a Rolling Start

So What Does This Mean for Business Owners?

We’re Here to Help You!

We are here for you. Please reach out to the SJS Team if a meeting or conversation would be of value.

Suggested Reading

2025 Select Retirement Plan Contribution Limits

Suggested Reading

Review Retirement Contributions & Gifting Goals

2024 Select Retirement Plan Contribution Limits

Notify Your Accountant

Keep SJS Apprised Of Trusted Advisor Changes

Update Your Estate Plan

Keep Your Wealth Protected

Suggested Reading

Suggested Reading

Worthy Reading:

Engaged Healthy, Wealthy & Wise by Coventry Edwards-Pitt

The Myth of the Silver Spoon by Kristin Keffeler

Suggested Reading

Option For Roth Matching & Non-Elective Employer Contributions To Retirement Plans

Increasing The Beginning Age For Required Minimum Distributions (RMDs)

Required Roth Catch-Up Contributions For High Wage Earners For Employer Retirement Plans

Higher Catch-Up Limits For Employer Retirement Plans For Participants Age 60-63

Ability To Offer Roth Option For SIMPLE IRA & SEP IRA Plans Beginning In 2023

Limited Ability To Transfer A 529 Balance To A Roth IRA

Employer Matches For Student Loan Payments

For IRAs, The Catch-Up Limit As Well As Qualified Charitable Distributions (QCDs) From Traditional IRAs Will Be Indexed To Inflation Starting In 2024

Review Retirement Contributions

2023 Selected Retirement Plan Contribution Limits

Consider Gifting Goals

Keep SJS Apprised Of Trusted Advisor Changes

Update Your Estate Plan

Take Inventory

Keep Your Wealth Protected

Suggested Reading

Suggested Reading

Suggested Reading

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