Upcoming 2025 Tax Changes, and Common Financial Planning Questions
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Your December Newsletter: Upcoming Tax Changes, 2025 To-Dos
Happy Holidays from Arnold & Mote! As we wrap up 2024, our final newsletter and webinar of the year focuses on key updates to taxes and retirement accounts for the upcoming year.
Thank you for a wonderful 2024, and we look forward to continuing our journey together in 2025. Wishing you a joyful holiday season and a prosperous new year, The Arnold & Mote Team December Webinar - 2025 Tax ChangesWhile 2025 is relatively quiet regarding tax law changes compared to prior years, each year brings adjustments that can impact anyone saving for, or withdrawing from, a retirement plan. Though only a few completely new changes are expected in 2025, larger changes may be on the horizon for 2026, making it crucial to plan ahead. In this webinar, we’ll cover:
Join us for the live broadcast at noon Central Time on Friday, December 20th, streamed on our YouTube channel here:
Want a reminder before we go live? Click the button above and subscribe to our channel to be notified as the webinar begins: If you can't attend live, a replay of the webinar will be accessible immediately after and available alongside recordings of all previous webinars on our YouTube channel. If there are questions you'd like to have answered, simply reply to this email and let us know! Last Month's Webinar RecordingIf you missed last month's webinar, here is the recording of "Charitable Giving Strategies Explained - How to Save on Taxes While Supporting Charities" From the Blog: FAQs on Medicare's IRMAA SurchargeIf you are enrolled in Medicare and had a Modified Adjusted Gross Income (MAGI) of over $212,000 in 2023 ($106,000 for single filers), you may have recently received a notice about an increase in your Medicare premiums for 2025. This surcharge, known as the Medicare Income-Related Monthly Adjustment Amount (IRMAA), can add thousands to your annual Medicare costs. Whether this surcharge was triggered by a one-time event or intentionally planned (such as through large Roth conversions), we frequently receive questions about its implications. In this post, we address some of the most common questions about the IRMAA surcharge and provide links to articles for further reading:
Arnold & Mote in the Press The Wall Street Journal - Congress Ended a Tax Break. How That May Help High EarnersA significant tax change, originally slated to go into effect in 2025 but now delayed to 2026, would require high-income savers to exclusively use the Roth portion of their 401(k) for catch-up contributions. We were interviewed by The Wall Street Journal to provide commentary on the impact of this law change and why we believe some savers may ultimately benefit, despite losing a valuable tax deduction. Whether you are still working or well into retirement, the examples discussed in the article highlight the critical role of tax planning in building a comprehensive financial plan.
See our other recent press mentions on our Press Page.
Looking for Something From a Prior Newsletter?As a reminder, you can now find the last 12 months of our newsletters here:
Whether you’re new and want to browse newsletters you missed or are trying to follow up on a topic from a few months ago, we’re now publishing all newsletters at the link above. We'll also keep this link at the bottom of all future newsletters.
Quinn and the Arnold & Mote Wealth Management Team (319) 393-4020 Contact Us | Blog | arnoldmotewealthmanagement.com Facebook | LinkedIn | YouTube You are receiving this newsletter because we've talked with you in the past about financial planning and wealth management. Privacy Policy |