UBS On-Air: Market Moves Top of the Morning: Year-end planning priorities - Retirement and tax strategies
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Nov 5, 2025 Justin Waring, Head of UBS Wealth Way Strategy and Solutions, dives into year-end planning strategies for retirement and tax savings. He discusses key changes coming in 2025, including the One Big Beautiful Bill Act. Justin introduces concepts like tax diversification and the Savings Waterfall, and shares tips on loss harvesting and charitable distributions. He emphasizes the importance of charitable bunching before 2026 rule changes and highlights practical steps to avoid pitfalls in financial planning. This conversation is packed with actionable insights for every stage of retirement!
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Major Tax Overhaul For 2025
- The One Big Beautiful Bill Act mostly made 2017 tax cuts permanent and added new benefits like higher standard deductions and SALT cap changes.
- These shifts mean many households will see lower tax bills but must review rules to know what applies to them.
Prioritize Tax Diversification
- Do prioritize tax diversification by spreading assets across taxable, tax-deferred, and tax-exempt accounts for future flexibility.
- Automate contributions and capture employer 401(k) matches and HSA funding before year-end to maximize after-tax growth.
Use Partial Roth Conversions Strategically
- Consider partial Roth conversions to fill lower tax brackets now if you expect higher taxable income later due to RMDs or Social Security.
- Use planning tools to size conversions to avoid pushing yourself into higher brackets and future Medicare surcharges.