WealthFolio Advisors

09/11/2025

Find out more

04/30/2025

Market participants anticipate the Fed will look past tariffs and adjust short-term interest rates four times this year. Market participants believe concerns about a recession will push the Fed to make a change as early as May.

04/23/2025

In recent years, investors have had little respite from unsettling headlines. It can feel as though we’re moving from one global crisis to the next with barely a moment to breathe.

03/25/2025

Once you file your federal tax return, if you are due a refund, it can’t come soon enough. But don't be fooled: Here are common myths that the IRS says are circulating--and that the IRS wants to debunk.

02/01/2025

The IRS has announced an increase in retirement contribution limits for 2025, offering new opportunities for savers. 💼

- Increased Limits: Higher contribution limits allow individuals to boost their retirement savings and take advantage of tax benefits.
- Financial Planning: This change presents an opportunity to reassess and enhance your retirement savings strategy.
- Tax Advantages: Maximizing contributions can provide significant tax savings and improve long-term financial security.

Curious about what this may mean for you? We are here to talk about how these new contribution limits may impact your savings strategy.


Source:

The IRS has announced the cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2025.

10/29/2024

The IRS has released the 2025 tax brackets with a 2.8% inflation adjustment—the smallest increase in several years.

Here's what's changing:
➡️ Standard deduction for married couples filing jointly rises to $30,000
➡️ Single filers' standard deduction increases to $15,000
➡️ Annual tax-free gift limit grows to $19,000 per recipient
➡️ Estate tax exclusion reaches $13.99 million (up from $13.61 million)
➡️ Earned Income Tax Credit maximum increases to $8,046 for qualifying families

Understanding how tax brackets work remains crucial: you're only taxed at higher rates for income above each threshold, not your entire earnings. For example, if you're married filing jointly, you'll pay 10% on the first $23,850 of taxable income, then 12% on earnings above that amount.

Important note: Some provisions aren't changing in 2025, including the $10,000 SALT deduction cap and the $2,000 Child Tax Credit. ⚖️


Source:

The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.

10/17/2024

Recent data shows bearish sentiment at its lowest this year. While this doesn't change long-term strategies, it might signal some short-term turbulence—especially as we approach the election.

Remember: Market volatility is normal. Stay focused, stay informed, and keep your long-term goals in sight!

10/12/2024

We have seen some well above average Social Security COLAs the past few years. You might be wondering, how big will the Social Security COLA for 2025 be?

09/10/2024

The IRS has released final regulations on Required Minimum Distributions (RMDs) for inherited IRAs.
Key points:
🔑 10-year RMD Rule clarified
🔑 Annual distributions are required in most cases
🔑 Special rules for "eligible beneficiaries"
🔑 Effective from 2025, with transitional relief through 2024
🔑 Remember: Skipping an RMD can result in a penalty of up to 25%

Confused about how this affects your inherited IRA? You're not alone; these rules are complex. If you have any questions about how this may affect your financial strategy, let's talk.



Source:

The IRS has issued final regulations focused on required minimum distribution (RMD) rules for inherited IRAs.

02/05/2024

Today’s pre-retirees face a tough retirement reality and will need to do their homework to live well in retirement.

10/31/2023

Answers to the question: "Is now a bad time to retire?"

07/19/2023

Inflation is not over, and the Federal Reserve will tighten again, despite the latest Consumer Price Index reading. That report showed the overall CPI rose just 3.0% in the 12 months through June 2023. A year earlier CPI inflation peaked at 9.1%.