NEWSLETTER
Xerxes Nabong, CFP®, CDFA®
Philip M. Maliniak, CRPC®
Nicole Brown-Griffin, CFP®, CDFA®, EA
Aaron Petty, Client Associate
Hampton Roads: (757) 394-3486
Greater Phoenix: (480) 687-9339
Orange County: (949) 660-8869
Welcome Jacinta Gauvin and Tax Strategies for 2025
First, we want to take a moment and share a thrilling announcement of our new addition to the Wealth Avenue team, Jacinta Gauvin!
Jacinta Gauvin, AAMS™ - Wealth Advisor
Jacinta brings six years of diverse experience in the financial services industry to our wealth advisory team. Since beginning her career in 2018, she has excelled in various roles, including supervising advisor compliance, providing client services, and now thriving as a Wealth Advisor. Jacinta collaborates closely with business owners, philanthropists, and women navigating life transitions. Alongside managing her own clients, she will play a pivotal role in growing the Wealth Avenue brand through community events, educational seminars, and by working alongside our founders, Phil Maliniak and Xerxes Nabong, to support existing clients.
Beyond her professional expertise, Jacinta is dedicated to giving back to the community. At The HIVE – Virginia Beach Business Resource Center, she serves as an advisor-on-call, providing one-on-one guidance to local business owners to improve their financial management and assisting aspiring entrepreneurs in launching their ventures.
Her philanthropic work includes serving as a Court Appointed Special Advocate (CASA), where she provides care and stability for children facing challenging circumstances. She also volunteers with the National Alliance on Mental Illness (NAMI), advocating for mental health awareness and combating stigma. Additionally, Jacinta has fostered over 30 animals and actively fundraises for a local women’s shelter.
In her personal time, Jacinta enjoys discovering new breakfast spots, engaging in spirited games of UNO, and creating art with her daughter, Scarlett.
Please join us in congratulating Jacinta on joining the Wealth Avenue team!
Now, the other fun stuff...
As the April 15 tax deadline approaches, now is the time to ensure you’re optimizing deductions, reducing taxable income, and positioning yourself for financial success in 2025. Many tax-saving opportunities for 2024 are still available, but proactive planning is key.
It's Not Too Late for 2024: Essential Tax-Saving Moves to Make Before April 15
- There’s still time to contribute to your IRA. You can make 2024 tax-year contributions to a Traditional or Roth IRA until April 15, 2025—up to $7,000 (or $8,000 if you’re 50+).
- If you’re self-employed, you may still contribute to a SEP IRA, typically up to 25% of net self-employment income.
- Don’t forget to max fund your HSA for tax-free growth. Contribute up to $4,150 (individuals) or $8,300 (families), plus an extra $1,000 if you’re 55+ for tax-free growth when used for medical expenses.
- Don’t overlook charitable contributions made last year. Ensure all charitable donations are properly documented for potential tax deductions.
Beyond 2024: Position Yourself for a Strong 2025
Boost Retirement Savings Early
- Start maxing out your 401(k), IRA, or HSA contributions now for tax-deferred growth all year.
- Over age 50? Take advantage of catch-up contributions to accelerate savings.
- Ages 60-63? Higher Catch-Up Limits Apply! Starting in 2025, employees ages 60-63 can contribute up to $11,250 in catch-up contributions instead of $7,500.
Plan for Potential Tax Changes in 2026
- Many tax provisions from the 2017 Tax Cuts and Jobs Act are set to expire after 2025, potentially raising tax rates.
- Now is the time to explore Roth conversions, estate planning updates, and tax-efficient gifting strategies to mitigate future tax burdens.
Review Your Estate Plan
- Ensure your wills, trusts, and beneficiary designations reflect your current wishes.
- If your estate is subject to federal or state taxes, consider gifting strategies to minimize tax liabilities.
Optimize Tax-Efficient Investments
- Consider municipal bonds for tax-free interest income.
- Direct indexing strategies can help with tax loss harvesting while maintaining market exposure.
- Expecting a bonus, business sale, or inheritance in 2025? Now is the time to discuss tax mitigation strategies.
Next Steps: Let’s Make Sure You’re Ready
Proactive tax planning is essential for long-term financial stability. Whether you need to optimize your 2024 return or prepare for 2025 and beyond, we’re here to guide you.
Your Team at Wealth Avenue,
P.S. At Wealth Avenue, we are committed to working with individuals and families who are thoughtful about their wealth and seek expert guidance to make informed financial decisions. In 2025, we have the capacity to welcome 24 new client relationships—and we prioritize those who value personalized, high-caliber financial planning.
If you know someone navigating a financial transition or seeking clarity on how these 2025 updates impact their wealth, we’d greatly appreciate an introduction. Whether it’s a close friend, family member, or colleague, we’re happy to share this resource and have a conversation to see how we can add value. With offices in Virginia, Arizona, and California, and the convenience of virtual meetings, we’re here to help—wherever they are!
Last month, we shared an article on egg prices and challenged you to ‘shell out’ your best ‘egg-cellent’ pun. A special shoutout to one of our Arizona clients for this clever response: “Don’t put all your nest eggs in one basket—diversify your portfolio!”
Here’s a Forbes article featuring Time Out’s ranking of the 50 best cities in the world. We’d love to hear your thoughts! You think any cities were overlooked? How many have you visited, and which ones are on your bucket list?
Jan. 29, 2025
Laura Begley Bloom, Senior Contributor
