Tax season is here, but filing your 2024 return is just one piece of the puzzle. Now is also the perfect time to take advantage of new tax rules for 2025—before the year gets away from you. With higher standard deductions, increased retirement contribution limits, and updated HSA rules, there are plenty of opportunities to lower your tax bill and boost your savings. In this episode, we’ll break down the key changes and how you can start planning now to make the most of them.
Sean walks through new IRS updates, including increases to the standard deduction and 401k contribution limits—especially the unique boost available to those ages 60–63. We’ll also unpack powerful tax-saving opportunities like Roth 401k options, Qualified Charitable Distributions (QCDs), and why Health Savings Accounts (HSAs) are one of the most underutilized tools for retirement planning.
Here’s what we discuss in this episode:
💼 New 401(k) contribution limits—especially for ages 60–63
🧾 Qualified Charitable Distributions = smart giving + tax benefits
🏥 HSAs: the “triple tax-advantaged” retirement healthcare tool
💡 Strategic Roth use (contributions & conversions) builds tax flexibility
0:00 – Intro
1:09 – Standard deduction increase
3:30 – 401k contribution limit increase
6:40 – No IRA changes
8:00 – Roth options
11:15 – HSA updates
14:40 – Tax planning strategies
Looking Back From The Mountaintop
