January 2025: New Year, New Wealth Goals
Subject: 3 Financial Moves to Make This January
Happy New Year!
As we step into 2025, it's the perfect time to set your financial foundation for success. Here are three moves to prioritize this month:
1. Max Out Your Retirement Contributions
The 2025 contribution limits have increased:
- 401(k): $23,500 ($31,000 if 50+)
- IRA: $7,000 ($8,000 if 50+)
- HSA: $4,300 individual / $8,550 family
Calculate what you need to contribute monthly to hit these limits and adjust your paycheck withholdings now.
2. Rebalance Your Portfolio
Markets had a strong 2024, which means your asset allocation may have drifted. Take 30 minutes to:
- Review your current allocation
- Compare it to your target allocation
- Sell winners and buy underweights to rebalance
3. Automate One New Savings Goal
Whether it's a vacation fund, down payment fund, or emergency fund boost—set up automatic transfers on payday. You won't miss what you don't see.
Special Offer: Schedule a free 30-minute consultation with our team this month and get a personalized 2025 financial roadmap.
To your wealth, Private Wealth Collective Team