We’ve got the latest insights, practical tips, and updates to help you make smarter financial decisions and move closer to financial freedom. Whether you’re planning for year-end taxes, tracking your investments, or just staying informed, there’s something here for everyone.

Many taxpayers want to lower their tax bill while supporting causes they care about. One powerful but often overlooked strategy is donating appreciated stocks instead of cash. If the shares are held longer than one year and you itemize, you may avoid capital gains tax and deduct the full fair market value. This can reduce your overall tax liability compared to selling the stock and donating cash. When done correctly, donating stock allows your charitable dollars to go further and make a greater impact.

The 50/30/20 budget rule is a simple framework designed to help individuals manage their money with clarity and balance. Instead of tracking every expense or relying on complex spreadsheets, it organizes after-tax income into three clear categories: needs, wants, and savings. Under this method, 50% of income is allocated to essential expenses, 30% to lifestyle choices, and 20% to saving or debt reduction. Its straightforward structure makes budgeting easier to maintain over time. This simplicity makes the rule especially useful for people who want financial direction without feeling overly restricted.

Maximize pre-tax benefits by contributing to your 401(k), HSA, or FSA to lower taxable income.

Understand the self-employment tax and deduct the employer portion to lower your overall tax burden.

Plan withdrawals strategically by coordinating Social Security, pensions, and retirement accounts to manage your tax bracket.

Invest early, invest often—let compounding work its magic over time.

Keep health insurance costs low by choosing in-network providers and reviewing plan options annually.

Keep investment fees low by choosing low-fee funds and minimizing unnecessary trading.

That’s a wrap for this week! Remember, small, consistent steps in managing your taxes, finances, and investments can have a big impact over time. Stay informed, take action, and keep moving closer to financial freedom.

This newsletter is for informational purposes only and is not financial, investment, or tax advice. Always consult a qualified professional regarding your specific financial situation before making decisions.

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Stay savvy, stay empowered,
— The TaxFi Solutions Team