A strong tax strategy is an ongoing approach that considers your past, present, and future income, capital gains, and portfolio structure to manage your tax burden over your lifetime. Tax preparation, by contrast, is the necessary but straightforward annual process of filing your tax return with the IRS.
February is an interesting month in the financial calendar. The holiday excitement has faded, credit card bills from December have arrived, and tax season is in full swing. For some people, this is when the emotional weight of money can feel the heaviest.
2025 was a year marked by policy changes that set long-standing assumptions in motion. These changes could have short-term, medium-term, and long-term effects on savers and investors.
Set goals that are Specific, Measurable, Achievable, Relevant, and Time-bound. This proven method helps break big ambitions into manageable steps, keeps you focused, and makes tracking progress easier.
A third of annual donations: About one-third of all charitable contributions are made in December, driven by holiday spirit and year-end tax preparation.
Year-end holidays may be a good time to initiate a discussion about financial matters that may impact your family.