Key Points:

• The One Big Beautiful Bill Act (OBBBA) ushers in sweeping tax changes in 2026, making this a pivotal year for high earners and business owners to take advantage of 2025 year-end planning opportunities.
• Strategies include accelerating charitable giving, contributing to donor-advised funds, and bunching deductions like state and local taxes (SALT) to benefit from the increased SALT cap in 2025.
• Business owners can also take advantage of reinstated 100% bonus depreciation and higher Section 179 limits to fully deduct qualifying assets placed in service before year-end.

As 2025 draws to a close, high earners, business owners, and charitably inclined individuals have a unique window of opportunity. The One Big Beautiful Bill Act (OBBBA) brings sweeping tax law changes beginning in 2026, some of which will sharply reduce the value of deductions and other tax-saving strategies that remain fully available through the end of 2025.

With that in mind, now’s the perfect time to talk with your advisor about these eight strategic year-end planning opportunities.

Key Points:

• Generational wealth often disappears within a few generations, but teaching financial literacy and involving children in real-world experiences can prepare them to manage wealth responsibly.
• Open communication, clear expectations, and guidance from trusted advisors can help prevent conflict and ensure inherited wealth strengthens rather than strains family relationships.
• By combining financial education, values, and professional support, families can preserve wealth, foster harmony, and build a legacy that lasts for generations.

For families who have built significant assets, preserving and passing down wealth isn’t just about money. It’s also about legacy, values, and ensuring harmony across generations.

However, history shows that most fortunes don’t survive the passage of time. According to a 20-year research project by the Williams Group, nearly 70% of wealthy families lose their wealth by the second generation, and 90% lose it by the third.

So, why does this happen? Too often, the next generation simply isn’t ready to handle the responsibility that comes with significant wealth.

The good news is it doesn’t have to be this way. By taking time to educate and prepare the next generation, your family can build a lasting framework for generational wealth that supports financial stability and strengthens bonds across generations.

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.

By understanding the upcoming rules and making thoughtful adjustments before the end of the year, you may be able to capture today’s more favorable tax advantages while they remain in effect.

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.

The bill’s broad scope means it will likely impact a wide range of Americans, including business owners, retirees, and high-income earners. If you're aiming to minimize your tax liability or fine-tune your financial approach, understanding the core elements of the OBBBA will be key to navigating what’s ahead.

Here's a breakdown of the most important updates.

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.

Meanwhile, someone with a modest salary can quietly build significant wealth through discipline, patience, and smart financial decisions. Consider the now-famous story of Theodore Johnson, the UPS employee who never earned more than $14,000 a year but amassed a fortune of over $70 million by the time he passed away.

These examples make one thing clear: income and wealth are not the same. Income is what you earn. Wealth is what you keep—and grow.

If you're making good money but feel like you're constantly treading water, you're not alone. The good news is with the right strategy, you can turn your income into lasting wealth that supports both your life today and your goals for tomorrow.

Uncertainty is a constant in the financial world — but your goals don’t have to get lost in the noise. Whether markets are volatile, interest rates are shifting, or policy winds are changing, a well-built financial plan should bend without breaking. For individuals and families with significant wealth, staying on track means revisiting assumptions, adjusting tactics, and reaffirming priorities. The key is knowing how to adapt without overreacting.