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Message The LynnLeigh JournalLife. Investing. And Everything in BetweenWhile tax season is in full swing, the smartest tax strategies aren’tjust about filing your 2024 return—they’re about planning ahead for2025 and beyond. Understanding your 2025 tax bracket andproactively adjusting your income, deductions, and withdrawals canhelp you avoid surprises and reduce your future tax bill.This month, we’re focusing on forward-thinking tax strategies to helpyou optimize your financial decisions well before next year’s taxdeadlines. Our upcoming webinar, "Taxes Simplified: YourPersonalized Approach to Understanding Your Tax Bracket" onMarch 27th at Noon, will walk you through the updated 2025 tax ratesand show you how to make the most of tax-efficient incomestrategies. SMART TAX MOVES: SIMPLIFY, SAVE,AND STRATEGIZE THIS SEASONBy Kelly L. Olczak, CFP® HighlightsM A R C H 2 0 2 5V O L U M E 3A Taste of Ireland:Delicious Recipes for aLuck FeastMarket Commentary:Know Your 2025 TaxBracket Before It KnowsYouMake Your RetirementWithdrawals Work for YouMaximize Deductions &Credits for Bigger SavingsMaximize Your TaxSavings in 2025Tariffs IntroduceUncertaintyEconomic Growth FacesShort-Term ChallengesBalanced Investing HelpsNavigate Market UncertaintySMART MONEY MOVESUpcoming Webinars -Calendar

2M A R C H 2 0 2 5 V O L U M E 3One common misconception is that if you move into a higher taxbracket, all your income gets taxed at that higher rate. But that’snot how it works! The U.S. tax system is progressive, meaningonly the portion of your income that falls within each bracket istaxed at that specific rate.The Truth About Tax BracketsFor example, if you’re in the 22% bracket, only the income that exceeds the previous bracket’sthreshold is taxed at 22%—not your entire income. This is why understanding tax brackets is soimportant in making smart decisions about income withdrawals, tax deductions, and planning ahead.Whether you’re planning retirement withdrawals, maximizingdeductions, or considering state tax implications, we’ll help youapproach next year with clarity and confidence.Ready to get ahead? Let’s dive into the strategies that can help yousimplify, save, and strategize for a smarter tax year in 2025.Your tax bracket is based on your taxable income—what’s left after deductions, exemptions, and creditsare applied. But just because you land in a particular tax bracket doesn’t mean all of your income is taxedat that rate. Instead, your income is divided into chunks, each taxed at its respective bracket.How Tax Brackets Actually WorkExample: How Tax Brackets Apply to Your IncomeLet’s say you’re a single filer in 2025, earning $100,000. Here’s how your income would be taxed under aprogressive tax system:First $11,600 → Taxed at 10% = $1,160$11,601 – $47,150 ($35,550 portion) → Taxed at 12% = $4,266$47,151 – $100,000 ($52,849 portion) → Taxed at 22% = $11,627Total Estimated Federal Tax: $17,053 (before deductions and credits)

3Why This MattersM A R C H 2 0 2 5 V O L U M E 3Taking large withdrawals from a Traditional IRA or 401(k)can push you into a higher tax bracket. Spreadingwithdrawals over multiple years can help keep your tax ratelower.Tax-Efficient Strategies to Keep More of YourMoneyNot all retirement withdrawals are taxed the same way, and when and how you withdraw cansignificantly impact your tax bill. By strategically planning your distributions, you can avoid unnecessarytax bumps and keep more of your savings working for you.Watch Your Tax BracketHere’s How to Withdrawal Smarter in 2025Roth IRA withdrawals are tax-free, making them a great source of income when you want toavoid pushing yourself into a higher bracket. A mix of traditional and Roth withdrawals canhelp you manage taxes efficiently.Use Roth Accounts WiselyIf you’re 73 or older, you must take Required Minimum Distributions (RMDs). Instead oftaking a lump sum, consider withdrawing just enough to meet the requirement while keepingtaxable income in check.Strategic RMD Planning

4Why This MattersM A R C H 2 0 2 5 V O L U M E 3If you don’t need all of your RMD money,consider donating up to $105,000 (2025 limit)directly to a charity. This keeps the amount offyour taxable income while supporting a cause youcare about.Qualified CharitableDistributions (QCDs)If you’re in a lower tax bracket now but expect higher taxes later, withdrawing up to the top ofyour current bracket can make sense. This helps lock in lower tax rates before future increases.Tax Bracket ‘Filling’ StrategyBy planning withdrawals strategically, you can reduce taxes over your lifetime, preserve more of yoursavings, and optimize retirement income. Want a tax-efficient withdrawal strategy? Join us for the March 27th webinar to learn how tomaximize your retirement savings while minimizing taxes - Click Here to Register.Maximize Deductions & Credits for Bigger SavingsWhen it comes to reducing your tax bill, deductions and credits are your best friends. While both canhelp you keep more of your money, they work in different ways:Deductions lower your taxable income, meaning less of your earnings are subject to taxes.Credits directly reduce the amount of tax you owe, often providing an even bigger benefit.

5Why This MattersM A R C H 2 0 2 5 V O L U M E 3Contributions to 401(k)s, Traditional IRAs, and HSAs lower your taxable income, helping yousave for the future while cutting your tax bill. In 2025, you can contribute up to $23,500 to a401(k) and $7,500 to a Traditional IRA (even more if you’re 50+).Max Out Retirement ContributionsHere’s how to make the most of both:The 2025 standard deduction is expected to be $14,600 for singlefilers and $29,200 for married couples filing jointly. If you havesignificant medical expenses, mortgage interest, or charitabledonations, itemizing might save you even more.Take Advantage of the Standard orItemized DeductionsClaim Tax Credits for Even BiggerSavingsThe Child Tax Credit – Up to $2,000 per childThe Saver’s Credit – A tax credit for low- to moderate-income retirement saversThe Lifetime Learning Credit – Up to $2,000 per year foreducation expensesEnergy-Efficient Home Improvement Credits – Save onsolar panels, energy-efficient windows, and appliancesPro Tip: Combining deductions and credits strategically can help you stay in a lower taxbracket, reducing the tax rate on your income and maximizing your savings.

6Why This MattersM A R C H 2 0 2 5 V O L U M E 3Maximizing Your Tax Savings in 2025Tax planning isn’t just about filing on time—it’s about proactively managing your income, deductions,and investments to keep more money in your pocket. With 2025 tax brackets already set, now is theperfect time to start making strategic moves to minimize your tax bill next year.Here’s how to make the most of both: Contribute the maximum allowed to 401(k)s, IRAs, and HSAs to reduce taxable income. Everydollar you put away today lowers what you owe next year.Leverage Tax-Advantage AccountsIf you're retired or planning for retirement, consider how you withdraw from taxable vs. tax-free accounts. Smart distribution strategies can keep you in a lower tax bracket.Strategic Withdrawals MatterSelling investments at a gain? Offset those profits by selling underperforming assets to reduceyour taxable gains.Harvest Capital Gains & LossesFrom charitable contributions to home energyimprovements, maximize available deductions andcredits to lower your taxable income.Take Advantage of Deductions &Credits

7M A R C H 2 0 2 5 V O L U M E 3Don’t wait until next tax season to act! Smalladjustments to income, investments, and deductionsnow can lead to big tax savings next year.Plan Ahead for 2025 Tax BracketsTake Action Now: Download our 2025 ImportantFinancial Numbers Helpful Handout Tariffs, Markets and Economic Shifts: WhatInvestors Need to KnowLeverage Tax-Advantage AccountsThe financial markets are always evolving, and with recent tariff policies, economic fluctuations, andshifting investor sentiment, it’s understandable to feel a bit uncertain about what’s ahead. Questionsabout rising costs, potential trade tensions, and market volatility can create anxiety, especially when itcomes to protecting your investments and long-term financial security. While the headlines may beunsettling, it's important to take a measured, strategic approach—one that focuses on the big picturerather than short-term market movements. In this update, we’ll break down how tariffs are impacting the economy, what recent data suggests aboutgrowth, and how a well-balanced investment strategy can help you stay on track, even in uncertaintimes.Following the election, investor optimism surged on expectations that the new administration wouldprioritize pro-business policies, deregulation, and potential tax cut extensions. Markets initiallyresponded positively to these prospects, with strong momentum carrying into early 2025.

8M A R C H 2 0 2 5 V O L U M E 3However, recent market volatility has tempered some of that enthusiasm. Trade tensions, shiftingeconomic data, and uncertainty surrounding tariffs have introduced new risks and concerns forinvestors. While equity markets remain resilient, swings in investor sentiment and defensivepositioning suggest that caution is creeping back into the outlook.Given these developments, it’s important tostay informed and proactive rather thanreactive. In this update, we’ll break down thelatest tariff actions, economic shifts, andinvestment strategies to help you stay oncourse, even in uncertain times.But why are tariffs important to investors? Abetter question is: Why do investors feartariffs?Sweeping tariffs have the potential to affect the broader U.S. economy.Tariffs Will Drive Up CostsTariffs function as an additional tax on imported goods, and the latest increases onCanadian, Mexican, and Chinese imports are already filtering through the supply chain.With businesses unable to fully absorb these rising costs, consumers are seeing higher priceson everyday goods. Given that these three nations accounted for $1.4 trillion in U.S. importslast year, the impact is widespread, affecting industries from manufacturing to retail.Rising Trade Barriers Will Impact U.S. Manufacturers:In response to new U.S. tariffs, trading partners are imposing their own restrictions onAmerican exports, making it more costly and difficult for U.S. businesses to competeglobally. This retaliatory cycle is already putting pressure on U.S. manufacturers, potentiallyslowing production and reducing demand for American-made goods.

9M A R C H 2 0 2 5 V O L U M E 3Escalating Trade TensionsRetaliatory measures are already unfolding, with key trading partnersresponding to new U.S. tariffs by imposing their own restrictions. Thisback-and-forth is heightening concerns about a prolonged trade disputethat could disrupt global markets and economic growth.Meanwhile, various economic reports suggest that U.S. economic growth may be slowing down.However, we also recognize that economic data can fluctuate from month to month, and one monthdoes not establish a trend.It’s possible that the recent slowdown in economic activity is related to the weather, as some parts of thenation have experienced severe cold.Nonetheless, we have seen a rotation out of riskier segments of the market and into more defensiveissues. Although the major U.S. indexes fell last month, the Dow, which has underperformed in the pasttwo years, is emerging as a frontrunner as we begin 2025.Additionally, bonds have been a beneficiary of market uncertainty.Tariffs Fuel Economic UncertaintyThe growing trade tensions are creating uncertainty for businesses andconsumers alike. Concerns over rising costs, supply chain disruptions,and shifting trade policies are prompting some businesses to scale backinvestments and delay spending decisions until the outlook becomesclearer. This hesitation could slow economic growth if uncertaintypersists.

10M A R C H 2 0 2 5 V O L U M E 3There are few indications today that the economy is poised to roll over.S&P 500 profits were strong in the fourth quarter and are on pace to rise 17%, according to LSEG.Earnings growth and stable interest rates have clearly underpinned equities.But we are mindful that market pullbacks cannot be discounted, even during an economic expansion.We have had discussions with you that have enabled us to design a roadmap to achieve your financialgoals. This roadmap allows for increased objectivity and helps remove emotional biases that cansometimes infiltrate the decision-making process.A diversified portfolio cannot completely shelter you from market pullback, but it helps reduce volatilitywhile tapping into the wealth-creating potential that stocks have offered over the long term.Looking Ahead

11Irish Soda Bread (Classic & Easy)M A R C H 2 0 2 5 V O L U M E 3As someone with deep Irish roots—my maiden name is Kelly LeighMoriarty—St. Patrick’s Day has always been a special celebration inmy family. But no one enjoyed it more than my youngest brother,Timothy Sean Moriarty, who just so happens to be a St. Paddy’s Daybaby. Growing up, he was totally spoiled on March 17th (and let’s behonest, he probably still is!). Whether you have Irish heritage or just love an excuse to enjoy somegood food, St. Patrick’s Day is the perfect time to whip upsomething festive. From hearty stews to classic Irish soda bread anda minty-green treat, these recipes will bring a little luck of the Irishto your kitchen! A Taste of IrelandA traditional no-yeast bread with a golden crust and a soft, slightly sweet interior—perfect with butterand jam!4 cups of all-purpose flour1 teaspoon baking soda1 teaspoon salt1 3/4 cups of buttermilkPreheat oven to 425°F (218°C). Line a baking sheet withparchment paper.1.In a large bowl, whisk together flour, baking soda, and salt.2.Make a well in the center and pour in the buttermilk. Stir justuntil combined.3.Turn the dough onto a floured surface and shape it into around loaf.4.Place on the baking sheet and cut a deep “X” on top.5.Bake for 30-35 minutes until golden brown. Let cool beforeslicing.6.IngredientsInstructions

12Guinness Beef Stew (Hearty & Flavorful)M A R C H 2 0 2 5 V O L U M E 3A rich, slow-cooked stew made with tender beef, vegetables, and Guinness beerfor deep, robust flavor.2 lbs beef chuck, cut into chunks2 tablespoons olive oil1 onion, chopped3 carrots, choppedHeat oil in a large pot. Brown the beef, then remove and set aside.1.In the same pot, sauté onion, carrots, and garlic until softened.2.Stir in tomato paste, then add beef back to the pot.3.Pour in beef broth and Guinness, then add potatoes and thyme.4.Cover and simmer for 2-3 hours until the beef is tender.5.Serve warm with Irish soda bread!6.IngredientsInstructions3 cloves garlic, minced2 cups beef broth1 bottle (12 oz) Guinness beer2 potatoes, diced3 cloves garlic, minced2 tablespoons tomato past2 teaspoons fresh thymeSalt and pepper to taste2 cups vanilla Ice Cream3/4 cup whole milk1/2 teaspoon peppermint extractGreen food coloringWhipped cream & sprinkles for toppingShamrock Shake (Copycat McDonald’s Version!)A fun, minty-green milkshake that’s festive and easy to make at home!IngredientsBlend ice cream, milk, peppermint extract, and a few drops of green food coloring untilsmooth.1.Pour into glasses and top with whipped cream and sprinkles.2.Serve with a straw and enjoy!3.Instructions

13Upcoming WebinarsM A R C H 2 0 2 5 V O L U M E 3Dates: Time:Register at:Taxes Made Simple: Your PersonalizedApproach to Understanding Your TaxBracketTaxes don’t have to be a headache. Our Taxes Made Simple webinar is here to help you navigate thecomplexities of taxes with confidence. Whether you are a high-income earner, planning to retire soon orsimply want to make better tax decisions, this session will offer practical, actionable insights to help youkeep more of what you’ve earned. Here’s what we’ll cover:Understanding Your Tax Bracket and How They WorkManage Your Taxable Income StrategicallyAlign Tax Strategies with Your Financial GoalsAvoid Overpaying & Take Advantage of Tax BreaksTake the stress out of tax planning and turn it into a powerful tool to safeguard your financial future. Don’tmiss this opportunity to learn actionable strategies to keep more of what you’ve worked so hard to earn.Noon to 1 PMMarch 27, 2025Click Here to Register for March’s WebinarDates: Time:Register at:Mastering Your Money: Budgeting, Debt Management, andStaying on Track for RetirementNoon to 1 PMApril 24, 2025Click Here to Register for April’s Webinar

14M A R C H 2 0 2 5 V O L U M E 3In this informative webinar, we’ll explore the essential steps to take control of your financial future. Learnhow to create a realistic budget, effectively manage and reduce debt, and stay focused on your long-termretirement goals. Whether you're just starting out or looking to refine your financial strategy, this sessionwill provide the tools you need to build a strong foundation for your financial well-being and retirementsuccess.Building a realistic budget that works for youManaging and reducing high-interest debtStaying on track with your financial goals and retirement savingsHow to balance short-term needs with long-term savingsb i i bl b i i i i lif d k h fDon’t miss this opportunity to get your finances in shape for the future. Register today and start masteringyour money!Closing Thoughts: Stay Ahead & Savor the Season!As we navigate market shifts, tax planning strategies, and the latest economic updates, remember that aproactive approach is key to financial success. Whether it’s preparing for 2025’s tax landscape, staying level-headed amid market volatility, or simply enjoying a warm slice of Irish soda bread, small, thoughtful actionstoday can make a big difference in the future.This month, we hope you feel informed, prepared, and maybe even a little lucky! If you have questions aboutyour financial roadmap—or just need a great Guinness stew recipe—we’re always here to help.Wishing you smart financial moves, steady markets, and a bit of St. Paddy’s Day cheer!LynnLeigh & Company - A Registered Investment AdvisorThis information is provided by LynnLeigh & Co. for general information and educational purposes based uponpublicly available information from sources believed to be reliable – LynnLeigh & Co. advisors cannot assure theaccuracy or completeness of these materials. The information presented here is not specific to any individual’spersonal circumstances. To the extent that this material concerns tax matters, it is not intended or written to beused, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Eachtaxpayer should seek independent advice from a tax professional based on his or her individual circumstances.The information in these materials may change at any time and without notice. Past performance is not aguarantee of future returns.