As of November 30, American employers have cut over 1.1 million jobs this year. For comparison purposes, over the same 11 months of 2020 (when American businesses were closing for Covid) the job losses were over 2.2 million. However, the stock market has been soaring (maybe) thanks to soaring investments in AI data centers and higher expected corporate earnings.
Reminder that anyone who earned more than $150K from the same employer in 2025 will be mandated to put their 401(k) catch-up contribution into the Roth portion of the plan. This means high earners will not be able to get a current year tax deduction for the extra contributions, but they will grow tax-free until they are required to be removed 10 years following the participant’s death.
There is a new phishing scam spoofing Docusign’s email address. In response, Docusign has posted a response to this risk that recommends forwarding any suspicious email to verify@docusign.com.
On December 2nd, Michael and Susan Dell announced that they are donating $250 each to fund Trump accounts for the first 25 million American children to enroll that are age 10 and under living in ZIP codes with median incomes below $150,000. This investment is expected to cost $6.25 billion. While the actual accounts won’t be set up until July 2026, you can elect to contribute to one using IRS form 4547 at any time, including with the filing of your 2025 tax return.
New Team Member Spotlight: Please welcome our new Marketing Associate, Ethan Koroski to the Milestone Team! Ethan graduated from the University of New Hampshire in 2025 with a bachelor’s in business administration with a concentration in Marketing. We are excited to have him with us.
We wish all our clients and followers a very merry Christmas and happy New Year and will be back with you in January 2026!
Taxes and financial planning are complex, but you don’t have to navigate them alone. A financial advisor can help you stay informed about tax law changes, optimize your savings and investments, and avoid costly mistakes. If you need tailored guidance, our team is here to help. Talk to an advisor or call (603) 589-8010 to integrate tax planning into your comprehensive financial strategy.
Disclaimer:
The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.
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Milestone Financial Planning, LLC (“Milestone”) is a fee-only financial planning firm and registered investment advisor headquartered in Bedford, NH. Registration does not imply a certain level of skill or training. Milestone works with clients on an ongoing, long-term basis, providing financial planning, tax planning, retirement planning, and investment management services. Fees are based on assets under management and may include a financial planning fee. Milestone receives no commissions or referral fees and, as a fiduciary, is required to act in clients’ best interests. Advisory services are offered only where Milestone and its representatives are properly licensed or exempt from licensure. More information, including fees and principal risks, is available in Milestone’s Form ADV Part 2A. For help with your investments or financial planning, contact one of our fee-only advisors.
