By the Numbers January 2025

By the Numbers || January 2025

Legacy Updates

Happy New Year!

We are looking ahead to what 2025 may bring. Along with our market insights, there are resources to help navigate the adjustments to 2025 tax thresholds. As a reminder, expect a 1099 from Legacy Financial later this month.

Market Insights

LONG-TERM MARKET

What we know: According to Ned Davis Research, investors' market expectations for coming year are the highest they've been in 50 years.

What we think: Warren Buffet advises, "Be fearful when markets get greedy, be greedy when markets get fearful." We believe investor optimism has lead to a substantially over-valued stock market.

Resources

TOP THREE TAX PLANNING NUMBERS TO KNOW IN 2025

The IRS and Social Security Administration annually adjust a myriad of key numbers in federal tax-law provisions, here are the essential 2025 tax adjustments you should know:

Social Security Wage Base Cap
Income Tax Bracket and Withholding
Contribution Limit for Qualified Retirement Plans

Find out more by accessing the link below.

Read Full Article

ADDITIONAL 2025 TAX CHANGES TO CONSIDER

Standard Deduction increases $400 for single filers and $800 for joint filers
Annual Gift Exclusion increases to the first $19,000 of gifts are tax exempt

Learn more about 2025 changes via the resource below.

Read Full Article

Here's How We Help You

We partner with you and your accountant to navigate the 2025 tax changes in a way that maximizes your financial plan.

Call Allison Walker at (502) 873-0521 to get an appointment with your Financial Advisor.

Q4 Newsletter

By the Numbers - December 2024

Visit the Legacy Financial Website

Call us at (502) 873-0521

Bruce McCrea - (502) 873-0522 or bmccrea@legacyfia.com

Bryan McCrea - (502) 873-0523 or mccreabs@legacyfia.com

Chris McCrea, CFP® - (502) 873-0524 or cmccrea@legacyfia.com

TC Falkner, CFP® - (502) 873-0526 or tcfalkner@legacyfia.com

Sheree Bollinger - (502) 873-0527 or sbollinger@legacyfia.com

Providing Peace of Mind for Your Financial Future

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