Jon Webber Jr - Financial Advisor

04/29/2026

🚀 Big News for Your 2026 Retirement Plans! 🚀

The IRS announced new contribution limits for 2026 in November, and there's a lot to look forward to! Here's a quick breakdown:

🔹 401(k), 403(b), 457 Plans & TSP: Contribution limit increased to $24,500 (up from $23,500 in 2025). If you're 50 or older, you can contribute up to $32,500 annually!

🔹 IRA Contributions: Limit increased to $7,500. Catch-up contributions for those 50 and older are now $1,100.

🔹 Roth IRA & Saver’s Credit: Income phase-out ranges have increased, making it easier to qualify and maximize your savings.

🔹 SIMPLE Accounts: Contribution limit up to $17,000, with higher limits for certain accounts.

🔹 Medicare Part B: Monthly premiums will rise to $202.90, impacting how much of your Social Security COLA you'll see.

Stay up-to-date with details about your retirement savings! For full details, check out Notice 2025-67 on the IRS website.

With most retirement accounts, once you reach age 73, you must begin taking required minimum distributions. Roth accounts are the exception. Withdrawal penalties may apply if you take the money before age 59½. Roth IRA distributions must meet a 5-year holding requirement and occur after the account holder reaches age 59½.



Sources:
IRS.gov, November 13, 2025
CNBC, November 17, 2025

03/04/2026

As the war conflict in the Middle East continues, this chart from First Trust is a good reminder that we've been through times like this before. It's pivotal to have a strategy that aligns with your risk tolerance. Everyone's strategy is different but it's important to remember that volatility is not the same as permanent loss. Is your strategy aligned with your risk tolerance? Give me a call, let's discuss.

02/16/2026

Homeownership can bring added considerations during tax season.

As the IRS begins accepting 2026 tax returns, homeowners may be reviewing whether to itemize deductions or take the standard deduction. Depending on individual circumstances, certain expenses tied to owning a home may still be eligible for tax treatment under current rules, including mortgage interest and property-related costs.

Because tax situations vary, it may be helpful to review what applies to you before filing.

If you have questions about how these items show up in your overall financial picture, feel free to reach out. For specific tax guidance, it’s best to connect directly with your qualified tax professional. I’m happy to coordinate with them to ensure your financial strategy is aligned.



Source:

It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.

01/21/2026

The IRS has announced that it will begin accepting and processing individual federal tax returns for the 2026 tax season starting on January 26.

Here are a few important points to keep in mind:
➡️ Most individual returns are due by April 15 to avoid penalties and interest.
➡️ Filing early may help reduce delays related to processing or identity verification.
➡️ Refund amounts can vary based on withholding and recent tax law changes.

As tax season gets underway, reminders like these can help individuals stay aware of important dates and avoid last-minute filing challenges.



Source:

The 2026 tax season starts on Jan. 26, according to the IRS. Here are some key things filers need to know.

10/27/2025

Nothing like a little friendly competition, sunshine, and strategic networking disguised as golf. Deals were made, balls were lost, and everyone’s short game needs therapy. Thank you, St. Albans!

10/24/2025

When the One Big Beautiful Bill (OBBB) Act was passed on July 4, the legislation left several unanswered questions that the IRS is now addressing. The IRS undergoes this process every year, but this time around, the OBBB has added to the uncertainty. Here’s what the 2026 Federal income tax brackets will look like.

10/11/2025

Roth IRA conversions have long been used to manage future taxes, but the new state and local tax (SALT) deduction rules may add wrinkles for higher earners.

The new law raised the SALT deduction cap from $10,000 to $40,000 in 2025. However, once income exceeds $500,000, the benefit starts to phase out, shrinking back to $10,000 at $600,000.

Because Roth conversions add taxable income in the year they’re made, some households could see their eligibility for the larger SALT deduction reduced.

It’s a reminder that tax strategies often have overlapping effects—and one move may influence another.


Source:

Trump's "big beautiful bill" increased the SALT deduction cap to $40,000. But Roth conversions could threaten the tax break for higher earners.

10/07/2025

Healthcare costs for seniors continue to climb, averaging more than $7,000 annually, even with Medicare coverage. Many turn to Medigap supplemental plans to bridge the gap, but switching plans later can be difficult due to medical underwriting.

That’s where the Medigap birthday rule comes in. In about 18 states, this rule lets beneficiaries change to another Medigap plan of equal or lesser value each year during a window tied to their birthday, without facing new health screenings.

Examples include:
➡️California: 60-day window to switch to any plan with equal or lesser benefits.
➡️Oregon: 30-day window to switch to a plan of equal or lesser value.
➡️Idaho: 63-day window after birthdays to make changes.

While not available nationwide, the rule offers eligible seniors flexibility and potential savings. Understanding state-specific provisions can help Medicare beneficiaries make the most of their options.


Source:

This little-known rule tied to your birthday could help you switch your Medigap plans with fewer barriers.

05/15/2025

The Fed is engaging in a balancing act between managing inflation and supporting economic growth. As we continue to move through the next few months, we may start to see whether growth concerns or inflation trends tip the balancing scale. As you can see, traders see the Fed adjusting rates three times in 2025, with the first move coming as early as July.

04/03/2025

If you see stock prices rally on tariff news–or fall as a tariff story unfolds–remember the search engine trend. It shows that most people are looking for tariff information, so they may overreact when interpreting an update.