Welcome to the @plannedsolutions Incorporated Podcast. In this episode, we discuss how the US presidential election was recently decided, causing many Americans and political pundits to examine the result and its potential causes. However, looking beyond the US borders, it becomes apparent that the shift in the political tide is not just limited to the US. The US election reflects a global trend of voter frustration with inflation causing them to shift away from the party in power.
Also, The US stock market increased in value following the US Presidential election. However, not all sectors or industries participated to the same extent, with some stocks declining in value due to higher policy risk. In contrast, others increased based on an expectation that they would benefit from future
As well, The IRS has announced another round of inflation adjustments for 2025, this time focusing on the contribution limits and income thresholds for retirement plan contributions. This year the inflation rate was sufficient enough to increase contribution limits for 401k plans, but the limits for IRAs and the catch-up contribution limits allowed to those age 50+ will remain unchanged.
Plus a look at the Planned Solutions Incorporated Office Bulletin Board -
The holidays are a popular time for charitable giving. However, few people give much thought to how they give, which means they may be missing out on potential tax savings. Ever since the 2017 Tax Act, which increased the amount of the standard deduction, many taxpayers do not have enough itemized deductions to be able to take advantage of their charitable contributions.
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The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.
Chase Armer's book- Financial Planning Insights is now available at:
https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb
Inflation and Politics: The Correlation 01:12
Post-Election Stock Rotation 11:14
2025 Retirement Contribution Limits 16:58
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