CoreFirst Investment Services

🌍 Winter is here, and we've got you covered with the best places to visit in the United States. Whether you're looking for a snowy adventure or a sunny escape, there's something for everyone! 🎿 For the winter sports enthusiasts, we recommend: Jackson Hole, Wyoming Sun Valley, Idaho Burlington, Vermont 🖼️ If you prefer to stay indoors and explore the city, consider: St. Louis, Missouri Louisville, Kentucky Pittsburgh, Pennsylvania 🌞 For those who want to escape the cold and soak up the sun, check out: St. George, Utah Palm Springs, California Key West, Florida Sarasota, Florida South Padre Island, Texas Honolulu, Hawaii And for a mix of both, Asheville, North Carolina, offers mild winters and beautiful landscapes! We hope this guide helps you plan your perfect winter getaway! #WinterTravel #WinterDestinations #TravelGuide Source: https://lnkd.in/eKcXFxpp

From all of us here at CoreFirst Investment Services, we hope you and your family have a wonderful holiday season.

There's no specific age when you need to retire. Instead of letting your age determine when you stop working, also consider how much you have in your retirement savings account before you start planning your retirement party. #retirement #retirementplanning #financialplanning #corefirstinvest

Your Social Security benefits are calculated based on 3 metrics: - Your best earnings from a 35 year period - Your average monthly wage - Your current age Using these metrics, the Social Security Administration decides the benefits you should receive and grants them to you.

A will is a legal document that, among other services, specifies how you want your assets distributed after you pass, the medical care you want if you're unable to make decisions and who should care for your underage children. #financialplanning #savemoney #will #asset #estate #corefirstinvest

A trust lets you plan how you want your assets distributed, and it allows you to create conditions for how and when your beneficiaries should receive those assets. #planning #financialhealth #financialplanning #savings #savemoney #budget #money #trust #asset #income #estate #corefirstinvest

It's always good to review your account with your financial professional at least once a year. #corefirstinvest

Whether this year has been a challenge or your best yet, it's a good idea to consider your end-of-year financial strategy. Spend some time assessing and adjusting your strategies for spending, saving, investing and taxes, or contact the office to get a professional's perspective. #corefirstinvest

🔄 2025 IRS Update Alert! Your workplace retirement contribution limits are getting a boost. Here's what you need to know: ↗️ Basic limit: $23,500 ↗️ Age 50+ catch-up: $7,500 ⭐ NEW! Ages 60-63 super catch-up: $11,250 What this means: If you're between 60-63, you could contribute up to $34,750 in 2025! These increased limits will apply to most workplace retirement accounts, including 401(k)s, 403(b)s, and government TSPs. While IRA limits remain at $7,000 ($8,000 if you're 50+), this extra room in workplace accounts opens up new possibilities for your retirement strategy. Just keep in mind that employers will need to opt in to offer the super catch-up provision. 💪 #RetirementSavings #IRSUpdates #FinancialFuture #Retirement2025 Source: https://lnkd.in/etVPMp6b

The IRS has released the 2025 tax brackets with a 2.8% inflation adjustment—the smallest increase in several years. Here's what's changing: ➡️ Standard deduction for married couples filing jointly rises to $30,000 ➡️ Single filers' standard deduction increases to $15,000 ➡️ Annual tax-free gift limit grows to $19,000 per recipient ➡️ Estate tax exclusion reaches $13.99 million (up from $13.61 million) ➡️ Earned Income Tax Credit maximum increases to $8,046 for qualifying families Understanding how tax brackets work remains crucial: you're only taxed at higher rates for income above each threshold, not your entire earnings. For example, if you're married filing jointly, you'll pay 10% on the first $23,850 of taxable income, then 12% on earnings above that amount. Important note: Some provisions aren't changing in 2025, including the $10,000 SALT deduction cap and the $2,000 Child Tax Credit. ⚖️ #TaxBrackets #IRSUpdate #TaxPlanning #EstateGift Source: https://lnkd.in/gJVT8gWX