Year-End Financial Moves – Smart Wealth Strategies for Women

Pachira Wealth Management |
Categories
Wealth Management
Women
Financial Planning

The year is coming to a close! As we edge closer to the end of the 2025 calendar, now is the perfect time to make some strategic year-end financial moves.

Here are some of the best money moves women can make to optimize your tax-saving strategies, get organized about your investments, retirement accounts, and charitable giving opportunities, and prepare for next year’s financial goals with confidence.

  • Smart Savings! If you are currently contributing to a 529 plan in New York state, the state tax deduction is $5,000 per child (up to $10,000 per household) to lower your state income tax. This expires on December 31, 2025 and is a great tax benefit.
  • Be a Prepared Business Owner! Entrepreneurs especially should consult your tax advisor before the end of the year to make the smartest decisions about purchasing relevant equipment or other business expenses, philanthropic sponsorship opportunities, and setting aside retirement contributions for April.
  • Reflect on Your Estate Plans! Life is always changing, and it's imperative that your estate plans are kept up to date. Check on your listed beneficiaries, and make sure your documents reflect your current needs and wants.
  • Review Your Retirement! If you contribute to an employer’s 401k, you might want to meet with HR toward the end of the year and maximize your pre-tax company-matched contributions before December 31.
  • Make Strategic Investment Decisions! We can evaluate gains and losses in your taxable accounts (non-retirement investment accounts), evaluate the year's gains, and make smart moves to avoid capital gains taxes.
  • Take Your Required Minimum Distributions! We help you take your RMD’s before the end of the calendar year to avoid paying a penalty.
  • Make a Tax Plan! If you’re going to owe taxes in April, work with us to make a plan for meeting that deadline with preparedness and minimal stress.
  • Reach Your Philanthropic Goals! Consult a tax professional about the savviness of charitable donations and benefits and how they will impact your taxes. These rules are frequently changing!

And most importantly…

  • Schedule a Meeting with Us! Let’s work together to review the year that is ending and make bright plans for the year to come. We can reflect on your financial goals, discover the roadblocks that got in the way, and create new strategies that will empower you to achieve your biggest dreams for 2026.