2024 Year-End Planning: A Proactive Approach

When it comes to our most valuable investments, maintenance is key. For example, you may:

• Complete annual physical exams and routine dental cleanings to keep up with your health.
• Get regular oil changes for your car to keep it running smoothly.
• Clean and inspect your home’s chimney every few years to prevent the likelihood of a fire.

Your wealth management plan is equally deserving of a check-up to ensure you’re making the most of it – and the end of the year can serve as a perfect time for this reflection.

Doing so leaves you enough time to take advantage of opportunities in the remaining months, while also setting your plan up well to respond to changes in the coming year.

In the related articles, you’ll find strategies to optimize your wealth plan in collaboration with your advisor. You’ll also see references to the Tax Cuts and Jobs Act, as there are provisions that are scheduled to expire in 2026 that may impact your plan. While it’s unlikely that all provisions will expire as scheduled, it’s best to discuss with your Baird Financial Advisor so you’re prepared for whatever the coming years will bring.

Year-end planning isn’t just about checking off tasks – it’s an ongoing process to enhance your wealth plan and prepare yourself for what could come of the future.

Here’s to stepping into 2025 with confidence.

The information offered is provided to you for informational purposes only. Robert W. Baird & Co. Incorporated is not a legal or tax services provider and you are strongly encouraged to seek the advice of the appropriate professional advisors before taking any action. The information reflected on this page are Baird expert opinions today and are subject to change. The information provided here has not taken into consideration the investment goals or needs of any specific investor and investors should not make any investment decisions based solely on this information. Past performance is not a guarantee of future results. All investments have some level of risk, and investors have different time horizons, goals and risk tolerances, so speak to your Baird Financial Advisor before taking action.