Range

Exciting news from Range! We've raised $28 million in Series B funding led by Cathay Innovation, with Gradient Ventures and others joining in, bringing our total funding to $40 million. At Range, we're reimagining wealth management through a technology-first approach for a new generation of consumers. In just two years, we've attracted over 1,000 high-net-worth members and nearly $3 billion in assets under advisement. With this new capital, we're accelerating product development and scaling our engineering teams to enhance our platform. If this growth excites you, check out our open roles: https://buff.ly/3Ox7ysB. We're growing fast and looking for exceptional talent to join us. Read the full press release here: https://buff.ly/3Z3AOw1

How can you plan for your future if it's so unpredictable? Monte Carlo simulations. Instead of giving you a single answer, they run thousands of "what-if" scenarios using randomness and probability to model potential outcomes. How does this help with wealth management? If you’re planning your wealth, Monte Carlo simulations can analyze various market conditions and show the likelihood of different outcomes. While they won’t guarantee performance, they help you understand the range of possibilities—so you can make more confident, informed decisions. Curious how your financial plan measures up? Learn more at the Range blog.

Here's one investment that can grow your wealth and lower your tax bill. It's something that many high-income households already own. It's your primary home 🏡. Here's how: If you itemize your deductions, you can typically deduct interest on up to $750,000 of mortgage debt. Your property taxes are also deductible. However, keep in mind the SALT cap is $10,000. Perhaps the best tax advantage is the capital gains exclusion. When you sell your primary residence, you can potentially exclude up to $250,000 of the gain, or $500,000 if you’re married filing jointly. The only criteria is that you must have owned and lived in the home for at least two of the last five years. Intrigued? Learn more at the Range blog.

📅 Key Financial Dates to Know in 2025 Here are some major events and deadlines that could impact your wallet and investments in the new year: 🗓️ January → Jan. 20 – Presidential Inauguration: Donald Trump’s second term is expected to bring new tariffs, tax cuts, and changes to immigration policies, all of which could shape the economy. → Jan. 29 – First Fed Decision: After multiple rate cuts in 2024, the Federal Reserve will decide on further adjustments, closely watched by investors. 🗓️ February → Feb. 27 – GDP Data Released: Key figures on US economic growth will provide insights into future Fed rate decisions. 🗓️ April → April 15 – Tax Day: File your 2024 tax return (or request an extension) by this date. It’s also the last day to contribute to your 2024 IRA or Roth IRA. 🗓️ June → June 30 – FAFSA Deadline: College students must submit their Free Application for Federal Student Aid by this date to secure grants, loans, or work-study opportunities for the upcoming school year. 🗓️ December → Dec. 31 – Tax Cuts Expire: Provisions from the 2017 Tax Cuts and Jobs Act are set to expire, including standard deductions and certain tax breaks. Without Congressional action, tax rates for individuals and businesses will increase. Check out the Range Blog for the full 2025 tax guide.

Tariffs. They've been all over the news the past few weeks. Many of us are wondering how tariffs actually impact prices and inflation? Many assume consumers bear the full cost of tariffs—but it’s not always that simple. Here are some insights from Taresh Batra, Head of Investments at Range: ➡️ When tariffs are imposed, the exporting country might absorb some of the pricing pressure. ➡️ Post-COVID, there’s been an increase in supply, with what some call "duplicative manufacturing." This creates natural downward pricing pressure on many goods. ➡️ As a result, tariffs don’t necessarily mean prices will rise in the U.S.—there are counteracting forces at play. The relationship between tariffs, prices, and inflation is more complex than it appears. What are your thoughts on this?

Here's what you missed last week 👇 📈 Unemployment Claims -Initial unemployment claims dipped to 219,000, a monthly low. -Recurring claims (benefits for 1+ weeks) rose to 1.91 million, the highest in over three years. -The 4-week moving average of new claims increased slightly to 226,500. 📉 US Consumer Confidence -Confidence fell 8.1 points to 104.7 in December, the first drop in three months. -The expectations index dropped 12.6 points to 81.1, the biggest decline since Nov 2020, nearing recession levels (80). -46% expect higher living costs due to tariffs; 21% foresee job creation from tariffs. -Optimism about business conditions, income, and employment prospects shifted to pessimism. 💾 The Magnificent 7 Leads Again in 2024 -Tech's "Mag 7" stocks dominated, accounting for one-third of the S&P 500 and outperforming the market: -In 2023, the Mag 7 gained 76%, compared to the S\&P 500’s 24%. -In 2024, the Mag 7 index is up 70% with two trading days left. The S&P 500 is up 25%.

Welcome new Ranger, Software Engineer Jake Lundkovsky! Jake spent the last few years at US Bank, Amazon, and AppSumo. Beyond the desk, he loves being outdoors, exercising, playing sand volleyball, and snowboarding. An avid reader, he also has a deep passion for exploring and building with new tech trends, with a keen interest in the transformative potential AI holds for our world. His excitement to collaborate with our talented, driven team in an industry ripe for innovation is contagious. Welcome Jake 👋

What do we know about Scott Bessent’s views on tariffs? Bessent has been a strong proponent of tariffs, seeing them as a tool to improve the U.S.'s position in international trade. According to Taresh Batra, VP of Investments, we can expect him to support aggressive stances in tariff negotiations, aligning closely with Trump’s strategies. What stands out is his structured approach—any tariffs implemented under his guidance are likely to be deliberate and well-planned. Interestingly, Bessent views tariffs more like sanctions. They’re not necessarily permanent, but serve as levers to encourage other countries to play fair. They’re a tool to even the playing field, giving the U.S. a stronger position at the negotiation table. Hear the full interview on the Range blog 🎙️

Merry Christmas from the Range Team 👋 🎅 What’s the best gift you’ve ever received on Christmas? We'd love to hear it in the comments 👇

As 2024 winds down, it’s the perfect time for high-income households to plan ahead for 2025. 🔑 Here are key areas to focus on: 1️⃣ Retirement Account Contributions ✔ Max out your 401(k) or 403(b) contributions – $23,000 for 2024, plus $7,500 if you’re 50+. ✔ Don’t forget your Health Savings Account (HSA) – limits are $4,150 for individuals and $8,300 for families, with an extra $1,000 for those 55+. ✔ Contribute to your IRA – up to $7,000, plus $1,000 if you’re 50+. 2️⃣ Managing Deductions ✔ If you expect high or low income this year, consider accelerating or deferring deductions, like charitable contributions or medical expenses. ✔ Use a Donor Advised Fund to bunch charitable giving and reduce your tax burden. 3️⃣ Personal Gifts & 529 Plans ✔ Gift up to $18,000 per person ($36,000 for couples) without filing a gift tax return. ✔ Superfund your 529 plan by contributing up to $180,000 in one go, tax-free. 4️⃣ Tax-Loss Harvesting ✔ Offset capital gains by selling securities at a loss – up to $3,000 of ordinary income can also be offset. ✔ Be mindful of the wash sale rule – the last day to "double up" to avoid it is November 29th. Need help navigating your tax planning? Head to the Range Blog to learn more.