Tax season is here, and while it can seem overwhelming, preparing ahead of time can make the process much easier. Whether you’re still working, newly retired, or enjoying the benefits of retirement, taking the right steps will help you file with confidence—and maybe even uncover opportunities for savings.

If you’re thinking about sharing some of your wealth with family members or loved ones, it’s helpful to understand the IRS rules around gifting. Gifting can be a wonderful way to support the people you care about, and it’s also an effective strategy for reducing your taxable estate. With a few guidelines in mind, you can make sure your generosity doesn’t come with any extra paperwork or tax surprises.

The Social Security Administration has announced that beneficiaries will see a 2.5% increase in their benefit payments in 2025. This annual cost of living adjustment (COLA) will impact over 72.5 million Social Security and Supplemental Security Income (SSI) recipients.

The last month has been a whirlwind for the financial markets. Investors have been hit with a series of unsettling developments, from disappointing Q2 reports from major tech companies to uncertainty around short-term interest rates following remarks from Federal Chair Powell. In anticipate of the upcoming elections, we wanted to share a piece that Capital Group recently published highlighting the 3 mistakes that investors make during election years.