Americans are well known for their generosity. In fact, in 2024, charitable contributions across the country totaled an extraordinary $592.50 billion, according to Giving USA. If giving is already part of your financial plan, now is an ideal time to revisit your approach. Beginning January 1, 2026, the One Big Beautiful Bill Act (OBBBA) will make permanent changes to the tax treatment of charitable giving, with the biggest impact on those who itemize deductions.

Financial planning during economic uncertainty can feel daunting. With market volatility, inflation, and geopolitical tensions dominating the headlines, even the most well-thought-out financial plans can start to feel fragile. It’s natural to shift focus to immediate concerns like job security and rising expenses—often at the expense of longer-term goals like retirement, homeownership, or saving for education.

But uncertainty doesn’t mean you have to put your future on hold. With thoughtful adjustments and a flexible strategy, you can continue making meaningful progress toward your financial goals—even when the road ahead is unpredictable.

On July 4, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law, a comprehensive tax and spending package totaling nearly 900 pages. This landmark legislation introduces approximately $4.5 trillion in tax cuts, shifts federal spending priorities, and directs substantial resources toward border security and national defense.

Markets have been anything but steady lately. Rising geopolitical tensions, stubborn inflation pressures, and renewed conversations around tariffs linked to President Trump’s economic policies have all fueled a surge in volatility. In periods like this, feeling unsettled is only human. But it’s also when the value of diversification becomes especially clear. A thoughtfully diversified portfolio won’t eliminate all risk, but it can help soften the blow of market turbulence and provide a stronger, more resilient base for long-term growth—no matter what the news cycle brings.

Key Takeaway: Turning income into wealth requires a strategic approach that transforms what you earn today into lasting financial security for the future.

Earning a high income is often seen as the hallmark of financial success, but income alone doesn’t guarantee wealth. In fact, a recent Bank of America study found that nearly one in five U.S. households earning more than $150,000 a year are still living paycheck to paycheck.

In recent months, President Trump has hinted at a sweeping and aggressive new tariff strategy, reviving a familiar playbook from his first term. Framed as a way to reduce the trade deficit, boost domestic manufacturing, and tighten border security, Trump’s tariff plan could have far-reaching consequences across nearly every sector of the U.S. economy.