Financial Literacy Month – April – Help Employees Understand Their 401(K)

By Marc Aarons

April is Financial Literacy Month, a perfect time to help employees better understand their 401(k) benefits. With that in mind, I am sharing several key terms that all employees should know. Please feel free to share this more broadly with your team and reach out with any questions or needs.

1. 401(k) Plan

Let’s start with the very basics. A 401(k) plan is an employer-sponsored retirement plan that allows employees to contribute a portion of their wages to individual retirement accounts. Contributions are typically made on a pre-tax or Roth (after-tax) basis, depending on the plan design, and invested for long-term growth.

For employees, understanding what a 401(k) is and how it fits into overall retirement planning is the foundation of financial literacy.

2. Plan Participant

A plan participant is an employee who meets eligibility requirements and has enrolled in the employer’s retirement plan. Eligibility is defined by the plan document and may include age and service-hour requirements.

Employees often assume participation is automatic. In fact, a study found that 59% of employees surveyed who were not participating in their 401(k) plan believed they were. This misconception can lead to missed savings opportunities if enrollment steps are not completed.

3. Pre-Tax Contributions

Traditional 401(k) plans have pre-tax contributions, which are deducted from an employee’s pay before federal income taxes are applied. These contributions reduce current taxable income, but withdrawals in retirement are generally taxed as ordinary income.

Understanding pre-tax contributions helps employees evaluate the immediate tax benefits of participating in their 401(k) — as well as potential tax impacts after retiring.

4. Roth Contributions

Roth 401(k) contributions are made after taxes are withheld. While there is no upfront tax deduction, qualified withdrawals in retirement, including earnings, are generally tax-free.

This option can be especially valuable for younger employees or those who expect to be in a higher tax bracket later in life.

5. Employer Match

An employer match is a contribution made by the employer based on employee deferrals, often expressed as a percentage of employee contributions up to a certain limit.

Many employees leave money on the table simply by not contributing enough to receive the full match. Educating employees on how the match works can significantly improve participation and retirement outcomes.

6. Vesting

Vesting refers to an employee’s ownership of employer contributions over time. While employee contributions are always fully vested, employer matching or profit-sharing contributions may vest according to a schedule.

Employees who understand vesting rules are better equipped to make informed decisions about job changes and retirement savings continuity.

7. Contribution Limit

The contribution limit is the maximum amount an employee is allowed to contribute to their 401(k) each year, as set by the IRS. Clear communication around contribution limits helps employees plan contributions effectively and avoid excess deferrals.

8. Catch-Up Contributions

Catch-up contributions allow eligible employees aged 50 and older to contribute more than the standard annual limit. This provision is designed to help workers accelerate retirement savings later in their careers.

This term is particularly relevant for employees nearing retirement or coordinating savings alongside Medicare and Social Security planning.

9. Beneficiary

A beneficiary is the individual or entity designated to receive a participant’s 401(k) funds in the account in the event of the participant’s death. Beneficiary designations typically override wills or estate plans.

Explaining what these designations do and encouraging employees to review and update beneficiaries are critical steps for employers.

10. Required Minimum Distributions (RMDs)

RMDs are mandatory withdrawals that must begin at a certain age, as defined by IRS rules. Failure to take RMDs can result in significant tax penalties.

When employees understand their 401(k), they’re more likely to participate consistently, take full advantage of matching contributions, and make informed decisions that reduce confusion and administrative questions.

If you’d like to discuss your 401(k) plan or retirement education, don’t hesitate to respond to this email or give the office a call. I’d be happy to connect.

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Money Managers, Inc., is registered in the required states with the state regulatory authority. Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.

The post Financial Literacy Month – April – Help Employees Understand Their 401(k) appeared first on Money Managers, Inc..

March 2026 Financial Market Update

Presented by Marc Aarons

Last month gave investors plenty to weigh. Job growth held firm, and corporate earnings delivered again, particularly among AI-driven companies. But inflation ticked back up, reminding us that the Federal Reserve’s job isn’t finished. The result was stocks remaining near record highs, yet with more day-to-day volatility.

It remains true that strategic investing isn’t just about timing the market; it’s also about understanding the environment. I’m here to help you make sense of the noise so you can feel confident and informed, no matter the landscape.

Below is a look at how markets performed in February, the dynamics behind the numbers, and where we are focusing our attention.

Major U.S. Stock Indices

February was a stress test for U.S. markets, with each major index responding differently to the same mix of solid growth, sticky inflation, and shifting sentiment around AI. Tech stocks, particularly software names, bore the brunt of the struggle, while the S&P 500 moved sideways and the Dow held up comparatively well.

What drove that divergence was a quiet but meaningful shift in investor priorities. Capital migrated from mega-cap tech and toward industrials, materials, and consumer staples.

• The S&P 500 retreated 0.87%.
• The Nasdaq 100 led the decline at 2.32%.
• The Dow Jones Industrial Average finished up at 0.17%.

Behind the Headlines

The Economy: Growth Holds, Inflation Lingers. The U.S. economy started 2026 on a solid footing. January numbers, released in February, showed that the economy added 130,000 jobs, well above expectations, and the unemployment rate dipped to 4.3%.

The problem is inflation. Consumer prices, producer prices, and the most recent data for the Fed’s preferred Personal Consumption Expenditures (PCE) showed the measure moved in the wrong direction, with core PCE climbing to 3.0%. Growth is holding up, but so is inflation.

The Federal Reserve: In No Rush. With inflation picking back up and the economy still resilient, officials see no urgency to cut. For the March Fed meetings, markets are pricing a near-zero chance of an additional rate cut. Instead, markets now expect one to two modest rate cuts later in 2026, but only if inflation clearly resumes its downward trend. For now, the Fed is likely standing pat.

Stocks: Strong Earnings, More Selective Market. The S&P 500 remains near record highs, supported by impressive earnings. Q4 2025 marked the fifth straight quarter of double-digit profit growth, and 2026 estimates call for roughly 14% more. But the market has grown more selective. Energy, materials, and industrials are leading, while AI giants like Nvidia beat expectations but saw volatile, uneven trading. The message is clear: strong earnings alone are no longer enough; sector positioning increasingly determines who wins.

Interest Rates: A Tale of Two Yields. February brought an unusual dynamic in the bond market. Short-term yields edged higher as the Fed held firm, while longer-term yields actually fell, with the 10-year Treasury settling below 4%. This divergence reflects investor caution and demand for safety. The upside: short-term bonds and money markets can continue to offer attractive income for patient investors.

Foreign Policy: US and Israel Strike Iran. On February 28th, the United States and Israel jointly struck Iran, with Iran responding militarily, resulting in the effective closure of the Strait of Hormuz. This action had ripple effects across the global economy, with oil prices rising and stocks falling as the conflict escalated across the region. While the long-term impacts of this action are yet to be seen, investors can expect some additional volatility as the conflict continues to unfold.

Putting It All Together

February was a reminder that even solid fundamentals can coexist with volatility. Growth and earnings remain resilient, but sticky inflation has the Fed in a holding pattern, and markets have grown more selective as a result.

The end of the month presented real geopolitical instability, with potential implications for markets. As always, I’m keeping an eye on the market and am here to keep you informed about the current financial climate. If you have any questions about your portfolio or would like to talk through these shifts, don’t hesitate to reach out.

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Money Managers, Inc., is registered in the required states with the state regulatory authority. Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.

The post March 2026 Financial Market Update appeared first on Money Managers, Inc..

25 Questions about 2025 Taxes

Presented by Marc Aarons

As we head into a new tax season, I wanted to share a quick guide to help make filing your 2025 taxes a little easier — and hopefully a lot less stressful.

One of the biggest updates this year is the passage of the One Big Beautiful Bill Act (OBBBA). It made some permanent changes that many expected would result in the Tax Cuts and Jobs Act (TCJA) expiring.

I’ve included a breakdown in the guide below. But if you have questions about how any of this impacts your specific situation, just reach out. I’m here to help.

General Tax Questions

1. How does the OBBBA affect the TCJA rules for 2025 and beyond?

The OBBBA passed in mid-2025, prevents most of the major TCJA provisions from expiring at the end of 2025. Instead of seeing higher tax rates and a smaller standard deduction in 2026, OBBBA makes many TCJA rules permanent — including the current rate brackets, the larger standard deduction, and the 20% pass-through deduction.

The bill also adds several new provisions mentioned above, such as updated vehicle credits, a new interest deduction for qualifying U.S.-assembled vehicles, and the return of 100% bonus depreciation for certain business assets. For most taxpayers, this means your 2025 return (filed in 2026) follows familiar TCJA rules, and many of those rules will continue into 2026 and beyond.

2. When is the deadline for filing taxes this year?

For the 2025 tax year, the deadline to file your federal individual income tax return and pay any taxes owed is Wednesday, April 15, 2026.

3. What are the rates and brackets for tax year 2025?

4. How do tax brackets work? 

The IRS sets inflation-adjusted tax brackets annually. Your marginal tax rate is based on the bracket into which your total taxable income falls. However, your tax liability isn’t simply your income multiplied by your marginal rate.

Your effective tax rate, which is the rate you actually pay, factors in all of the progressive tax brackets you fall under and any tax credits you claim. This effective rate is generally lower than your marginal tax rate.

Here’s an example with 2025 tax year figures to show how it works:

Alicia is a single filer with $75,000 in taxable income.

Alicia’s marginal tax rate is 22% because she falls into that bracket for the highest portion of her income. However, her effective tax rate will be lower after calculating taxes for each portion of her income. Here’s how it looks:

• 10% bracket: $11,925 × 10% = $1,192.50
• 12% bracket: ($48,475 – $11,925) × 12% = $4,386
• 22% bracket: ($75,000 – $48,475) × 22% = $5,835.50

Total tax liability: $1,192.50 + $4,386 + $5,835.50 = $11,414

To find Alicia’s effective tax rate, divide her total tax liability by her taxable income:

$11,414 ÷ $75,000 = 15.2%.

5. What is the standard deduction for 2025?

For 2025, the standard deduction has increased to adjust for inflation.

Note: If you are 65 or older or blind, your standard deduction is higher. For 2025, the additional standard deduction amounts are:

• Single or head of household: Additional $2,000
• Married filing jointly, married filing separately, or qualifying surviving spouse: Additional $1,600 per spouse, if eligible.
• New bonus senior deduction: A separate, temporary deduction of up to $6,000 per eligible individual (or $12,000 for a qualifying married couple) is available for those 65 and older. The deduction starts to decrease for taxpayers with a modified adjusted gross income (MAGI) over $75,000 (single)/$150,000 (married filing jointly).

6. Should I itemize or take the standard deduction?

Choosing between the standard deduction and itemizing depends on which option effectively lowers your taxable income. Itemizing may be beneficial if your deductible expenses exceed the standard deduction. Common itemized deductions include:

• Mortgage interest: Interest paid on a home mortgage
• State and local taxes (SALT): The SALT deduction cap rises to $40,000 in 2025 and is indexed upward through 2029. In 2030, it’s scheduled to revert to the prior-law cap, and for higher-income households, the benefit gradually phases out until it effectively disappears.
• Medical expenses: Out-of-pocket costs exceeding 7.5% of your adjusted gross income
• Charitable contributions: Donations to qualified organizations
• New for 2025: Tip income deduction: You can now deduct up to $25,000 in qualified tip income through 2028 for modified adjusted gross income earnings under $150,000 ($300,000 for joint filers). This is a brand-new benefit and may help lower taxable income for anyone working in tip-based roles.
• New for 2025: Overtime deduction: Workers can deduct up to $12,500 in qualified overtime pay — or $25,000 for joint filers — until 2028 with phase-outs beginning at higher income levels above $150,000. This is a helpful break for anyone who regularly picks up extra hours.

If the total of these expenses surpasses the standard deduction for your filing status, itemizing could reduce your taxable income more than the standard deduction would. However, itemizing requires thorough record-keeping and documentation of all deductible expenses.

Since nearly 90% of taxpayers claim the standard deduction, it likely makes the most sense. Assessing your financial situation, however, is essential to determining which option is best for you.

Consulting with a tax professional can help you make an informed decision based on your circumstances.

7. What is a tax credit, and which ones should I take?

A tax credit directly reduces your tax liability, lowering the income tax you owe on a dollar-for-dollar basis. This is distinct from tax deductions, which decrease your taxable income. For the 2025 tax year, several tax credits are available to eligible taxpayers, including:

• Child Tax Credit (CTC): This credit offers up to $2,200 per qualifying child under 17, with a refundable portion of up to $1,700. The credit begins to phase out for higher-income taxpayers.
• Earned Income Tax Credit (EITC): Designed to assist low- to moderate-income workers and families, the EITC’s maximum amount is $8,046 for taxpayers in 2025 with three or more qualifying children. Income thresholds and phase-out ranges apply.
• Child and Dependent Care Credit: This non-refundable credit allows up to $3,000 in expenses for one qualifying individual and $6,000 for two or more, helping those who incur care expenses work or seek employment. Find out if you’re eligible here.
• Adoption Tax Credit: Providing up to $17,280 per eligible child for qualified adoption expenses, this non-refundable credit phases out for taxpayers with modified adjusted gross incomes above certain thresholds.
• American Opportunity Tax Credit (AOTC): This credit offers up to $2,500 per student for qualified education expenses over four years. It is available to taxpayers with a MAGI of up to $80,000 ($160,000 for joint filers) and includes up to $1,000 as a refundable credit.
• Lifetime Learning Credit: This non-refundable credit provides up to $2,000 per tax return (or 20% of up to $10,000) for qualified tuition and related expenses, with applicable income phase-out ranges.
• Saver’s Credit: Offering up to $1,000 ($2,000 for married couples filing jointly) for eligible contributions to retirement plans, this credit requires being at least 18 years old, not a full-time student, and not claimed as a dependent on another person’s tax return.

8. Are there any deductions for student loan interest? 

You may be eligible to deduct up to $2,500 of interest paid on qualified student loans during the tax year, even if you don’t itemize deductions. This deduction is gradually reduced and eventually eliminated for single filers with a modified adjusted gross income (MAGI) between $85,000 and $100,000 and for married couples filing jointly with a MAGI between $170,000 and $200,000. For more detailed information, refer to the IRS’s Student Loan Interest Deduction.

9. What are the standard mileage rates for 2025? 

For the 2025 tax year, the IRS has set the standard mileage rates as follows:

• Business use: $0.70 per mile, an increase of $0.03 from 2024.
• Charitable organizations: $0.14 per mile, unchanged from 2024.

These rates apply to electric and hybrid-electric vehicles, as well as gasoline- and diesel-powered vehicles. Taxpayers can calculate the actual costs of using their vehicle instead of applying the standard mileage rates.

10. What are the medical travel and military mileage rates for 2025? 

The mileage rate for medical travel and military moves is $0.21, unchanged from 2024.

Retirement Tax Questions

11. What are the retirement plan contribution limits for 2025?

For the 2025 tax year, the IRS has adjusted the contribution limits for various retirement plans:

• 401(k), 403(b), and 457 plans: The elective deferral limit has increased to $23,500. Individuals aged 50 and over can make an additional catch-up contribution of $7,500, bringing the total to $31,000. Those aged 60 to 63 are eligible to make a catch-up contribution of up to $11,250 if their plan allows.
• SIMPLE IRAs: The contribution limit is now $16,500, with a catch-up contribution of $3,500 for those 50 and older, totaling up to $20,000. Those aged 60 to 63 can make a $5,250 “super” catch-up contribution.
• Traditional and Roth IRAs: The contribution limit remains $7,000. Individuals aged 50 and over can contribute an additional $1,000 as a catch-up contribution, for a total of $8,000.

12. What about required minimum distributions (RMDs) for 2025? 

For 2025, the key thing to know is that the newer RMD rules are now fully in effect. Most retirement account owners must begin taking RMDs at age 73, and the standard deadlines still apply: your first RMD is due by April 1st of the following year, and every year after that by December 31st.

For inherited IRAs, beneficiaries who fall under the 10-year rule may now be required to take annual distributions if the original owner had already started RMDs. If the original owner died before RMD withdrawals began, you generally have more leeway on timing. Just be sure the account is emptied within 10 years.

13. My property was affected by a natural disaster in 2025. What should I know? 

If your property was damaged in a federally declared 2025 disaster, the IRS may offer several forms of relief. This can include extended tax-filing deadlines, the option to claim casualty-loss deductions, and special access to retirement funds through Qualified Disaster Recovery Distributions (QDRDs).

Under QDRD rules:

• You may withdraw up to $22,000 from eligible retirement accounts without the 10% early-withdrawal penalty.
• The income can be spread over three years, and you also have the option to repay the amount within three years to avoid taxation.

Beyond tax relief, be sure to document all damage, keep receipts for repairs, and review what your insurance covers — such as temporary housing, debris removal, or rebuilding costs. Because benefits vary by location, always confirm that your county is included in the official FEMA declaration and review the IRS disaster-relief page for your area’s specific guidance. Check the IRS website for specific extensions applicable in your area.

14. Are there any tax breaks for senior adults and retirees?

Yes! Here are a few to look for:

• Extra standard deduction: Individuals 65 or older are eligible for an additional standard deduction. An extra deduction of $2,000 is available for single filers or heads of household aged 65 or older, and $1,600 per qualifying spouse for married couples filing jointly.
• New $6,000 senior bonus deduction: Starting in 2025, adults 65 and older can claim a “senior bonus” deduction of up to $6,000 (or $12,000 for married couples when both spouses are 65+). It’s available whether you itemize or take the standard deduction.
  • Full deduction at incomes up to $75,000 (single) or $150,000 (married filing jointly).
  • Phases out above these limits and disappears entirely at higher income levels.
  • This new deduction is scheduled to apply for tax years 2025-2028.
• Credit for the elderly or disabled: Eligibility for the credit for the elderly or disabled depends on meeting IRS income limits and, if married filing jointly, both spouses must meet the age or disability criteria. The credit is calculated on Schedule R, starting with a base amount and reducing it by certain pension, annuity, or disability payments before applying a 15% credit rate. Because it’s a nonrefundable credit, it can lower your tax bill but cannot generate a refund. It’s most valuable for seniors and disabled taxpayers with lower to moderate incomes.
• IRA contributions: Working spouses can contribute to spousal IRAs for non-working spouses. For 2025, the contribution limit is $7,000 per spouse under 50, with an additional $1,000 catch-up contribution for those 50 or older, allowing a total of $8,000 per eligible spouse.
• Medicare premiums deduction: Taxpayers who itemize deductions can claim unreimbursed medical expenses that exceed 7.5% of their adjusted gross income (AGI). This deduction is particularly beneficial for individuals with substantial out-of-pocket medical costs.
• Charitable contributions: Individuals aged 70½ or older can make tax-free charitable donations directly from their IRAs through Qualified Charitable Distributions (QCDs). Due to inflation adjustments, the annual QCD limit has increased to $108,000 per individual, up from $105,000 in 2024. Married couples, where both spouses are eligible and have separate IRAs, can collectively donate up to $216,000. These distributions can also satisfy Required Minimum Distributions (RMDs) for those aged 73 or older. To ensure the QCD is tax-free, the IRA trustee must transfer the funds directly to a qualified charity, and the donor should obtain a written acknowledgment from the charity confirming the contribution.
• Property tax benefits: Many states and local governments offer property-tax exemptions, credits, and freezes for seniors — typically for homeowners 65 or older who use the home as their primary residence and meet income or residency requirements. At the federal level, property taxes can still be deducted as part of theSALT deduction if you itemize. For the 2025 tax year, the SALT deduction cap increases from $10,000 to up to $40,000, with the higher cap available to most taxpayers below certain income thresholds. For higher-income households, the deduction phases out and may revert to a lower cap.
• Gifting to reduce taxable estate: In 2025, individuals can gift up to $19,000 per recipient without incurring a gift tax, thereby reducing the taxable estate.

Miscellaneous Tax Deductions

15. What are the lifetime estate and gift tax exemptions for 2025?

For the 2025 tax year, the federal estate tax exemption is $13.99 million per individual, up from $13.61 million in 2024. This means an individual can transfer up to $13.99 million upon death without incurring federal estate taxes. For married couples, the combined exemption is $27.98 million.

The annual gift tax exclusion is $19,000 per recipient in 2025, up from $18,000 in 2024. This allows you to gift up to $19,000 to individuals such as children, grandchildren, or others without triggering the need to file a gift tax return or affecting your lifetime estate and gift tax exemption. If you’re married, you and your spouse can each gift $19,000 to the same recipient, totaling $38,000 per recipient annually.

16. What are the capital gain rates for 2025?

If you sold stocks, mutual funds, or other capital assets you held for at least one year, the IRS taxes any gain at a 0%, 15%, or 20% rate. The 2025 rates have been adjusted upward, with thresholds increasing by approximately 3% across various filing statuses.

0% Rate:

• Single filers: Taxable income up to $48,350.
• Married filing jointly: Up to $96,700.
• Married filing separately: Up to $48,350.
• Head of household: Up to $64,750.

15% Rate:

• Single filers: Taxable income from $48,351 to $533,400.
• Married filing jointly: $96,701 to $600,050.
• Married filing separately: $48,351 to $300,000.
• Head of household: $64,751 to $566,700.

20% Rate:

• Single filers: Taxable income over $533,400.
• Married filing jointly: Over $600,050.
• Married filing separately: Over $300,000.
• Head of household: Over $566,700.

17. What tax incentives are available for making energy-efficient upgrades to my home? 

• Energy Efficient Home Improvement Credit: For qualifying improvements made to your existing U.S. residence and placed in service after January 1, 2023, and by December 31, 2025, you may claim a federal tax credit equal to 30% of the cost of eligible work. The credit is nonrefundable and cannot be carried forward. The annual credit limit is generally up to $1,200 for items like insulation, windows/doors, and air sealing, plus a separate up-to $2,000 limit for heat pumps, heat pump water heaters, and biomass stoves/boilers — meaning the maximum you could claim in one year is potentially up to $3,200 if you qualify in both categories. A key requirement for 2025 (and later) is that the goods must come from a “qualified manufacturer” and include the required identification number on Form 5695.
• Residential Clean Energy Credit: For qualifying property (solar panels, wind turbines, geothermal heat pumps, fuel cells, battery storage systems of at least 3 kWh) placed in service between 2022 and December 31, 2025, you may claim 30% of the installation cost. There is no dollar cap on the credit (except for some fuel-cell property), and unused amounts can be carried forward. However, beginning January 1, 2026 no new property will qualify under the current law unless Congress acts again.

18. Are HSA contributions tax-deductible? What else has changed with HSAs?

Yes. The contributions to an HSA are tax-deductible, and the earnings (if invested) are tax-free, as are withdrawals for eligible medical expenses.

For 2025, you can contribute up to $4,300 for individual coverage and $8,550 for family coverage to your HSA. You report your contributions on Form 8889 with the total contributions transferred to and reported on your Form 1040. Remember, you have until April 15, 2026, to contribute to your HSA for the 2025 tax year.

19. What should I know if I bought health insurance from the Affordable Care Act (ACA) marketplace? 

If you purchased a health insurance plan through the Health Insurance Marketplace (under ACA) for 2025 coverage, here are key points:

• The Premium Tax Credit (PTC) is available to help reduce your monthly premium and/or your tax liability if you enrolled in a Marketplace plan and meet eligibility requirements. 
• For 2025, you must have a household income at or above 100% of the federal poverty level (FPL) for your household size.
• Under the temporary rules extended through the 2025 coverage year, there is no upper-income cap (i.e., above 400% of FPL) on eligibility for the PTC. That means households with income above 400% of FPL may still qualify if they meet all other criteria.
• You must enroll through the Marketplace or your state’s equivalent, opt out of your employer’s insurance (if applicable, which also means you’re ineligible for the premium tax credit with ACA), and you must file federal income tax returns including Form 8962 to reconcile any advance credit payments.
• Because of the temporary elimination of the 400% FPL cap, many more households may be eligible in 2025.

20. Are charitable contributions eligible for a tax deduction in 2025? 

Contributions — of cash or non-cash assets — received by December 31, 2025, are eligible for tax deductions. Generally, you may deduct up to 60% of your AGI for cash donations. Keep in mind that charitable contributions are deductible only if you itemize.

Deductions for non-cash contributions, such as property or appreciated assets, are generally limited to 30% of your AGI. The exact limit depends on the type of property donated and the recipient organization.

21. Are there any tax deductions for teachers in 2025?

Eligible K–12 educators can deduct up to $300 in qualified classroom expenses in 2025. This includes books, supplies, and technology used for teaching. To qualify, you must work at least 900 hours in the school year as a teacher, instructor, counselor, principal, or classroom aide. Married couples who are both educators may each claim the deduction.

22. What should I know about platforms like PayPal and Venmo for 2025?

For 2025, these platforms must send a 1099-K to anyone who receives more than $20,000 in payments and completes 200 or more transactions in a tax year.

Even if you don’t receive a form, you are still responsible for reporting all taxable income from these apps on your tax return. To calculate your income, review any 1099-K you receive, separate business or sales payments from personal transfers, subtract returns and related expenses, and report the remaining net amount as income.

23. What should I know about side gigs, freelance income, or selling items online in 2025?

Whether you drive part-time, freelance, consult, tutor, or sell items online, all income from side work must be reported on your 2025 tax return. Key points:

• Platforms such as Uber, Etsy, and Rover may issue Form 1099-NEC, 1099-K, or both, depending on your activity.
• Even if no form is issued, you must report all income from gig or platform-based work.
• Ordinary and necessary business expenses — including mileage, supplies, equipment, home-office expenses, and platform fees — may be deductible.
• With OBBBA making the 20% pass-through deduction permanent, many gig workers may qualify for the Qualified Business Income (QBI) deduction on net earnings.
• If you expect to owe tax, you may need to make quarterly estimated payments to avoid penalties.

This category often catches taxpayers off guard, so good record-keeping throughout the year is essential, especially moving forward.

24. What vehicle tax credits or deductions are still available for the 2025 tax year?

For the 2025 tax year, the clean vehicle credit was still available — up to $7,500 for new electric vehicles (EVs) and $4,000 for used EVs — but it expired on September 30, 2025, so only vehicles purchased before that date qualify. The 2025 rules also introduced a new deduction of up to $10,000 in interest for new, U.S.-assembled personal vehicles financed after December 31, 2024.

Additionally, businesses can take advantage of the restored 100% bonus depreciation for qualifying vehicles placed in service in 2025 and later under OBBBA, allowing a full first-year deduction.

25. My buddy/neighbor/co-worker uses an online platform to file his taxes. He says it’s quick and easy. What should I know? 

While online tax platforms are convenient, they are not right for everyone. Individuals with complex financial situations may benefit from the services of a local tax professional. The following individuals and scenarios are included:

• Those with multiple income sources
• Self-employed, contract workers, clergy, or small business owners
• Those recently divorced or separated
• Those who grew their families through adoption in 2025
• Those who are considered high-net-worth individuals
• Expats
• Those with complex stock holdings
• Individuals dealing with tax debt, liens, or levies

Unlike online tax return platforms, you can receive personalized guidance and insights. Moreover, the security of your financial data is a vital concern when entering sensitive data online.

Beyond that, partnering with a local tax professional means you have a trusted expert who’s readily available for face-to-face meetings whenever you need assistance, whether during tax season or any other time of the year.

So, while online options offer convenience, the long-term financial well-being and peace of mind that come with professional guidance and face-to-face support are well worth it.

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I hope this guide gives you a clearer picture of what to expect when filing your 2025 tax return. If you know someone else who would find it useful, feel free to share it.

When you’re ready to set up your tax appointment, reply to this email or call our office. If you need anything in the meantime, don’t hesitate to reach out — that’s why I’m here.

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Financial market Update – Week of 1/12/2026

Presented By Marc Aarons

I  hope this message finds you well. U.S. financial markets ended the first full trading week of 2026 on a broadly positive note, with major equity benchmarks reaching all-time highs. Robust investor participation defied typical early-year caution. The overarching narrative was renewed confidence in a soft-landing scenario rather than a flight to safety, as evidenced by the rotation out of defensive mutual fund structures and into large-cap growth ETFs.

Here are the key takeaways from last week:

Stock Index Performance

• The S&P 500 increased 1.57%.
• The Nasdaq 100 gained 2.22%.
• The Dow Jones Industrial Average led, rising 2.32%.

Economic Data & Market Drivers

• President Trump’s military operation capturing Nicolás Maduro dominated headlines. U.S. equities barely reacted, as investors judged the conflict to be geographically contained. Energy and credit markets tied to Venezuelan production saw more direct impact, while WTI crude stayed subdued in the mid-$50s as OPEC+ discipline and soft global demand offset supply concerns.
• December payrolls rose just 50,000, well below consensus and recent averages, while prior months were revised lower and unemployment edged down to 4.4% on falling participation. The shift from “hot” to “cooling” eases inflation pressure but raises growth concerns, complicating the Federal Reserve’s calculus as services activity remains firm.
• The ISM Services Purchasing Managers’ Index (PMI) hit 54.4, its strongest 2025 reading, with business activity and new orders solidly expansionary. Yet the ISM Prices Index (an early warning system for inflation) stayed elevated. Additionally, consumer sentiment ticked higher but remains depressed, with inflation expectations sticky in the low-4% range — challenging Fed re-anchoring efforts towards its 2% target.
• The 2-year yield rose 6 basis points to 3.539%, snapping a four-week decline as markets tempered near-term easing bets. The 10-year closed at 4.170% amid competing forces: slower growth supporting duration versus geopolitical risk and policy uncertainty pushing yields higher.

The Week Ahead

• Over the weekend, news broke of an investigation into Federal Reserve Chair Jerome Powell. Gold futures rose and stock market futures fell on the news. As always, we will be paying close attention to market developments.
• December’s Consumer Price Index (CPI) on January 13th will test whether disinflation is durable after core inflation fell to 2.6% in November — its lowest since early 2021. The Producer Price Index (PPI) and retail sales on January 14th, followed by industrial production on January 16th, will confirm whether softer labor data are cooling demand. Fed speakers are expected to signal whether December’s weak jobs report warrants earlier rate cuts or reinforces a “higher for longer” stance.
• Q4 earnings season begins with major banks testing whether market gains justify analyst expectations for 15% S&P 500 earnings growth in 2026. Bank commentary on credit quality and margins will reveal how higher rates are affecting the economy. Supportive CPI and earnings favor quality cyclicals; surprises could trigger volatility and rotation toward defensive sectors.

The first full week of 2026 confirmed an economy with slowing job gains and upbeat services activity, keeping the Fed data-dependent rather than poised for aggressive cuts. For investors, this argues for staying invested but balanced — emphasizing quality, maintaining diversification, and preparing for volatility as inflation data and earnings unfold.

As always, feel free to reach out to me anytime with concerns or questions. I am always here as a resource for you!

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.

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January 2026 Financial Market Update

Presented by Marc Aarons

I hope your holiday season was filled with joy. December served as a fitting finale to a year that defied expectations, anchored by a classic late-cycle mix: moderating price pressures, a supportive Federal Reserve, and resilient equity markets. This backdrop allowed investors to traverse another rate cut without shaking the prevailing ‘soft-landing’ consensus for 2026.

Leadership shifted noticeably as the year drew to a close. Beyond the “Magnificent 7” and AI-centric stocks, a broader array of companies climbed higher in December. This expansion beyond mega-cap tech suggests a healthier, more balanced market environment as we enter the new year.

Let’s dive into December’s performance, the trends that shaped the month, and the key catalysts we’re watching as we head into 2026.

Major U.S. Stock Indices

Market averages diverged significantly throughout December. The S&P 500 ended nearly unchanged after a strong annual run, while the Nasdaq 100 surrendered ground to profit-taking despite leading for most of the year on AI and semiconductor strength. The Dow outperformed, rising as year-end capital flowed toward more defensive industrial names.

• The S&P 500 ticked lower 0.05%.
• The Nasdaq 100 dipped 0.73%.
• The Dow Jones Industrial Average gained 0.73%.

Fed Policy, Minutes, and Dots

• The December 10th Federal Open Market Committee (FOMC) meeting delivered a third consecutive 25-basis-point cut, lowering the funds target to 3.50%–3.75%. Policymakers called growth “moderate,” job gains “slowed,” and inflation “somewhat elevated,” pivoting from inflation concerns toward a more balanced worry about labor market weakness.
• The Summary of Economic Projections telegraphed a shallow easing cycle. Officials penciled in just two more cuts through 2027, with rates bottoming in the low-3% range, far from the pre-pandemic zero-rate era. Growth forecasts hovered near sub-trend, and core inflation drifted toward 2%, reinforcing a long glide path rather than a hard landing.
• Minutes released December 29th revealed a contentious 9–3 vote, the most dissents since 2019. Some officials argued cuts risked reigniting inflation; others warned that holding steady could hurt employment. The decision, officials said, was “finely balanced,” with debate centering on whether disinflation had proven durable enough to justify further easing.

Inflation Cools Further

• The November Consumer Price Index (CPI) report showed headline inflation at 2.7% year-over-year, undershooting estimates and hitting the lowest rate since mid-year. Core CPI climbed 2.6%, with shelter up 3.0%, medical care 2.9%, and household furnishings 4.6% — evidence of cooling but still-sticky core services. Monthly gains of 0.3% for headline and 0.2% for core both came in below consensus.
• Shelter inflation ran at 3.6% annually while gasoline jumped 4.1% month-over-month, yet the overall picture supported a good disinflation narrative: energy’s bounce was more than offset by moderating momentum in shelter and core services.

Hiring Loses Steam

• The unemployment rate rose to 4.6% in November, up from 4.4%. This prompted the Fed to recast the labor market as having “moved toward better balance” with downside employment risks now front and center. Analysts described a low-hiring, low-firing regime: openings have normalized, but layoffs remain historically subdued.
• November payrolls rose just 64,000 — well below the 2025 monthly average and further indication of a cooling labor market. Healthcare and construction added workers, but transportation, warehousing, and consumer-facing sectors shed jobs.

Services Strong, Manufacturing Weak

• Services are still driving growth. The ISM Services Purchasing Managers’ Index (PMI) held at 52.6 in November, its ninth consecutive expansionary print, with business activity at 54.5 and new orders at 52.9. But cracks emerged: the employment index stayed below 50 at 48.9, signaling slower hiring in the services sector.
• Manufacturing told a darker story. The ISM factory gauge slid to 48.2, its lowest reading in four months and the latest sign of ongoing contraction. Purchasing managers cited weak export demand and inventory destocking, a goods recession running alongside resilient services.

The Path Forward

As 2026 begins, the consensus among major strategists is for a soft landing, underpinned by modest growth, inflation drifting closer to 2%, and a measured pace of Fed cuts. For diversified, long‑term investors, the key strategies are unchanged: staying invested, maintaining balance between growth and quality income, and using any periods of volatility as opportunities rather than reasons to abandon the plan.

As always, I’m here if you have any questions or concerns for the new year. Give the office a call anytime.

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.

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Financial Market Update – Week of 12/29/25

Presented by Marc Aarons

I hope you’re doing well as the year comes to an end. Despite scaled-back trading, markets are closing out 2025 on an upbeat note. The S&P 500 and Dow notched record highs last week, propelled by stronger-than-expected economic data and easing price pressures. Meanwhile, a rally in gold and silver served as a pointed reminder that inflation risks and geopolitical tensions linger.

Here are the key takeaways from last week:

Stock Index Performance

• The S&P 500 gained 1.40%.
• The Nasdaq 100 rose 1.18%.
• The Dow Jones Industrial Average increased 1.20%.

Growth, Jobs, and Confidence

• U.S. GDP surged 4.3% in Q3 2025, exceeding consensus forecasts and marking the fastest expansion in two years. Consumer spending rose 3.5% due to higher-income households spending more on non-essentials, offsetting weaker spending by lower-income households who are being squeezed by inflation and the cost of paying down debt. Business investment rebounded, and net exports turned positive on energy and capital-goods shipments.
• The Conference Board’s consumer confidence index fell to 89.1 in December, the lowest since mid-2022, as Americans fretted over prices and job security. The persistent ‘vibecession’ (the disconnect between strong economic data and weak consumer sentiment) suggests inflation’s psychological toll lingers even as costs have moderated.
• Labor markets tell a split story. Unemployment hovers near four-year highs and continuing claims match late-2020 levels, while initial filings dropped for a second week. Notably, new college graduates are among the hardest hit; according to the St. Louis Fed, this demographic is experiencing an unemployment rate nearing double digits.
• One critical question for 2026 is this: Can consumers keep spending without real income gains? Investors are eyeing wage data, Personal Consumer Expenditures (PCE) inflation, and Q1 hiring for clues on whether the Fed can avoid choosing between rekindled inflation and rising joblessness.

The Week Ahead

• The Fed will release the minutes from its December meeting on Tuesday, December 30th, which will likely show how divided policymakers are about where interest rates should go in 2026. Markets expect about two more rate cuts next year, but officials who want to keep rates higher may disagree because inflation is still stubborn and Q3 GDP was strong.
• Indeed, liquidity usually tapers in the shortened week with the New Year holiday. Minimal data leaves markets vulnerable to volatility from geopolitical instability or technical rebalancing. U.S.-Venezuela tensions and thin volumes could amplify swings in gold, oil, and stock indices.
• Note that U.S. stock markets will operate with regular trading hours on December 31st and will be closed on January 1st.

With all of this said, we want to wish you a happy New Year! As always, we’re here to help you stay aligned with your goals as market conditions evolve. Don’t hesitate to reach out if you’d like to review your portfolio or discuss any questions.

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.

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Financial Market Update – Week of 12/22/25

Presented by Marc Aarons

U.S. markets took a breather last week, digesting the Federal Reserve’s third straight rate cut alongside softer inflation data. The economic backdrop remains resilient but mixed, with Treasury yields easing while the dollar showed unexpected strength as investors weighed what comes next.

Here’s an overview of key takeaways for the week:

Stock Index Performance

• The S&P 500 edged up 0.10%.
• The Nasdaq 100 gained 0.59%.
• The Dow Jones Industrial Average decreased 0.67%.

The Big Picture

• The Fed has shifted into a slower, more conditional easing phase, but its projections point to only one additional cut in 2026 and policy rates anchored in the low‑3% area for several years, signaling confidence in a soft landing with no urgency to re-stimulate.
• November’s Consumer Price Index (CPI) registered 2.7% headline and 2.6% core year-over-year, with core up just 0.2% monthly and the three-month pace near 2%. Shelter inflation cooled to 3.0%, but core services excluding energy remained elevated at 3%, which explains the Fed’s “somewhat elevated” characterization.
• Treasuries staged a modest rally as yields fell about four basis points, with the curve steepening to its widest gap since January 2022 in a pattern consistent with markets pricing a shift from “higher for longer” to conventional late-cycle easing. The Dollar Index firmed to 98.7 as U.S. growth expectations stabilized relative to peers, yet gold held near record levels around $4,330 per ounce — underscoring persistent demand for hedges against policy and geopolitical uncertainty.
• Oil prices softened for a second consecutive week, with Brent crude just below $60 per barrel and West Texas Intermediate (WTI) in the high‑$50s, on improving prospects for a Russia-Ukraine settlement and concerns over global demand momentum. Analysts explain that sanctions, OPEC+ production policies, and shipping‑route disruptions provide a floor under crude.

The Week Ahead

• December has been unusually choppy for a seasonally strong month. Still, there is some hope and tentative signs of a Santa Claus Rally forming, depending on key data releases this week.
• Markets will focus on Personal Consumption Expenditures (PCE) inflation (Dec. 22) along with personal income and spending (Dec. 22-23), and consumer confidence (Dec. 23) readings to confirm whether disinflation is continuing and consumer resilience is holding.
• Keep in mind the stock market will close at 1 p.m. on December 24th and will be closed entirely on December 25th.

With that overview noted, happy holidays from our team! We’re watching the markets closely and ready to help you navigate whatever unfolds in the year ahead.

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.

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Financial Market Update – Week of  12/15/2025

By Marc Aarons

Last week, markets were shaped by the Federal Reserve’s December 10th meeting, where policymakers cut rates by a quarter point while projecting fewer cuts ahead and signaling a potential pause in 2026.

The 9-3 vote reflected growing uncertainty about policy easing. Markets rallied initially, but gains faded as long-term bond yields remained elevated and tech stocks showed renewed volatility.

With economic data still catching up after earlier government delays, market focus centered on Fed communications, interest rate dynamics, and selective corporate headlines like the Netflix and Warner Bros. Discovery merger. Here’s what you need to know.

Stock Index Performance

• The S&P 500 declined 0.63%.
• The Nasdaq 100 slumped 1.93%.
• The Dow Jones Industrial Average climbed 1.05%.

Rate Cut, Reality Check

• The Fed delivered its third consecutive 25-basis-point cut, lowering rates to 3.50–3.75%, but with a hawkish edge. Three officials dissented — the most pushback in years — while policymakers’ updated forecasts projected only one additional cut through 2026. Fed Chair Jerome Powell’s post-meeting remarks reinforced a higher bar for further easing, forcing markets to reconcile near-term accommodation with a structurally tighter path ahead.
• The decision came amid a continued data blackout. Government shutdown delays pushed key inflation and employment reports into late December and January, forcing the Fed to rely on business surveys showing solid but slowing growth and a cooling labor market. Members essentially front-ran the data, betting this cut provides insurance rather than launching a sustained easing cycle.
• Equity markets entered the Federal Open Market Committee (FOMC) meeting near record highs but left facing headwinds. The Fed’s updated outlook (which signaled a shallower 2026 interest rate-cutting path than initially hoped for), coupled with elevated long-term Treasury yields, prompted a steepening of the yield curve and put noticeable pressure on high-duration growth stocks.
• Corporate news intensified the debate. An $80-billion-plus Netflix and Warner Bros. Discovery merger proposal drove sharp media stock repricing, while Oracle’s weak cloud and AI guidance fueled skepticism about AI monetization timelines. The AI trade now faces scrutiny as investors question whether valuations can survive flatter earnings growth and higher-for-longer rates through 2026.

The Week Ahead

• Shutdown-delayed November payrolls (Dec. 16), October retail sales (Dec. 16), and November Consumer Price Index (Dec. 18) will be released. Markets expect well below September’s 120,000 jobs added and 3% inflation and will face a reckoning if numbers run hot. Any upside surprise would upend the Fed’s dovish 2026 path and hammer long-duration equities and credit.
• The European Central Bank (ECB), Bank of England, and Bank of Japan meet this week alongside flash Purchasing Managers’ Index (PMI) releases, testing whether central banks can ease policy while still keeping economic growth strong enough to support investors’ shift into cyclical and value stocks. Dovish signals with solid data would validate that. Hawkish surprises or weak activity could tighten conditions fast, unleashing year-end volatility.

The current backdrop demands patience and discipline. Quality diversification and long-term investing can be the best defense against near-term volatility while positioning yourself for the opportunities ahead.

We’re monitoring developments closely and are here to help you navigate whatever the data brings. As always, reach out if you’d like to discuss your portfolio or have questions about the week ahead.

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.

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Financial Mark Updae – Week of 12/8/2025

Presented by Marc Aarons

I hope you’re doing well. U.S. markets held steady last week as investors awaited the Fed’s December 10th decision. Equities notched modest gains, long-term yields crept higher, and incoming data revealed an economy that’s cooling gradually while maintaining its underlying strength as inflation pressures continue to ease.

The week’s story centered on softer labor and services readings paired with benign inflation figures, solidifying market expectations for another December rate cut. Let’s dive into the key developments.

Stock Index Performance

• The S&P 500 increased 0.31%.
• The Nasdaq 100 gained 1.01%.
• The Dow Jones Industrial Average rose 0.50%.

Cutting Through The Noise

• Initial jobless claims hit a three-year low of 191,000, showing layoffs remain scarce. But ADP reported a 32,000 payroll drop while Challenger tracked 71,000 announced cuts, the weakest November since 2022. With official reports delayed, investors are parsing alternative data to gauge whether labor is cooling gracefully or cracking.
• Economic activity in the manufacturing sector contracted in November for the ninth consecutive month. The Purchasing Managers Index (PMI), released by the Institute for Supply Management (ISM), sank to 48.2. Services also showed little spark, with flat activity and slowing orders, though prices held firm. The read: an economy downshifting but not stalling.
• Financial markets are confident in another quarter-point cut at the December 10th Fed meeting. Consensus points to gradual easing, not aggressive rate-slashing.
• The Personal Consumption Expenditures Price Index (PCE) gauge clocked 2.8% year-over-year in September, above target but trending in the right direction. November surveys indicated easing price pressures, keeping the path toward the Fed’s 2% inflation target slow but intact.

The Week Ahead

• Markets are pricing in an 85-90% chance of another 25-basis-point cut next week, keeping stocks near record highs. Watch the Fed’s statement and dot plot for signals on the pace of easing, which will directly impact valuations. Wall Street is betting that PCE and Consumer Price Index (CPI) releases later this month confirm that disinflation continues toward the low-3% range, supporting the soft-landing narrative.
• Weekly jobless claims at a three-year low suggest layoffs remain scarce, yet private payroll data point to a meaningful slowdown ahead. The key question: soft landing or early-stage deterioration? Weaker jobs data would push the Fed toward deeper cuts, while the upcoming official payroll releases will provide the clarity markets need.

The environment of modest growth, easing inflation, and likely Fed cuts continues to favor diversified portfolios tilted toward quality equities and intermediate-term bonds. While next week’s Fed meeting and delayed employment data may trigger short-term choppiness, the underlying signals remain constructive for risk assets.

We’re here to help you stay the course through any twists and turns ahead. Feel free to reach out with questions or concerns.

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.

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