Strategic tax planning is about much more than filing returns – it's about making savvy financial choices that can significantly impact your tax obligations. As we approach year-end, now is the perfect time to take a proactive stance on your tax planning to potentially reduce your 2024 tax bill.

While the full impact of AI is still unfolding, its influence on financial markets in the coming years is undeniable. Amid these rapid changes, a well-balanced portfolio tailored to your personal financial goals, risk tolerance, and investment horizon is more important than ever.

Last month, the Federal Reserve made its first interest rate cut in over four years, reducing rates by 0.50%. This significant policy shift, with the potential for further cuts ahead, has caught the attention of homeowners across the country, leading many to consider whether now may be an opportune time for refinancing a mortgage.

As we transition into the second half of the year, now is the perfect time to take a step back and assess your financial health. A mid-year financial review allows you to celebrate your progress, identify areas needing improvement, and adjust your financial plan accordingly. It also gives you a chance to consider external factors that might affect your finances, such as economic conditions, changes in tax laws, or shifts in interest rates.

The United States tax system is poised for significant changes as key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) near their expiration dates. This landmark legislation substantially altered the tax code for both individuals and businesses. However, upcoming TCJA expirations could usher in a new era of increased tax liabilities for many Americans.

As 2024 shapes up to be a pivotal election year, many investors are concerned about the outcome of the U.S. Presidential Election and its potential impact on the stock market. With President Joe Biden and former President Donald Trump emerging as the likely frontrunners, we may be heading for a repeat of the 2020 election.