In this episode of the Resilient Investors Podcast, Victor and Kim Gaxiola discuss essential financial strategies to consider before the end of the year and how to prepare for 2026. They cover topics such as tax law changes, ROTH conversions, required minimum distributions, tax loss harvesting, and employee retirement contributions. The episode emphasizes the importance of proactive tax planning and working with financial professionals to navigate upcoming legislative changes.

Key Takeaways:

• Consider ROTH conversions to lock in current tax rates.
• Ensure required minimum distributions are completed to avoid penalties.
• Explore tax loss harvesting to offset capital gains.
• Maximize employee contributions before year-end deadlines.
• Stay informed about upcoming tax law changes in 2026.
• Work with financial professionals for personalized advice.
• Understand the impact of the TCJA sunset on tax brackets.
• Review your charitable giving strategies beforethe year concludes to ensure you maximize available tax deductions.
• Update beneficiary designations on retirement accounts and life insurance policies so they remain in alignment with your overall estate plan.
• Consider whether you qualify for energy-efficient home improvement tax credits as part of your annual tax reviewprocess.

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Happy Holidays!