The SECURE 2.0 Act, was similarly enacted at year-end on December 29th, 2022. The legislation seeks to reform how Americans prepare for retirement while juggling current spending needs. Following is an overview of its key components.

There are many planning strategies you can take before the year ends to help potentially reduce your 2022 tax liability and maximize your financial plan as we move into 2023. Most investment-related strategies must be complete by December 31, 2022, so it is important to act now.

The Consolidated Appropriates Act extended the opportunity to deduct 100% of your AGI into 2021. While this is appealing for the charitably inclined, it may not be the most tax-efficient strategy for you. Make sure you consider the tax opportunities against your own goals.

The growth of donor-advised funds has been outpacing the growth of all other giving vehicles. Donor-advised funds, or DAFs, are 501(c)3’s designed to simplify charitable giving; allowing donors to stage out their giving while also optimizing their charitable deductions.