With the end of the year upon us, now is the time to make final money moves. Personal finance guru Humphrey Yang knows just what his audience should be doing to finish the year strong financially. He recently shared the “3 Financial Moves You Should Make Before 2026 Hits” with his 3.4 million TikTok followers. Read More: I’m a Financial Advisor: My Wealthiest Clients All Do These 3 Things Find Out: 6 Low-Risk Ways To Build Your Savings in 2025 Here are his tips for helping your money end the year on a hig ...

Why now? There are a few specific reasons to consider daily covered call ETFs to close out 2025. Declining Short Term Interest Rates from Fed Rate Cuts Falling interest rates have some important implications for portfolios. While they can provide some helpful stimulus to the macro economy, for investors, falling rates can also throw a wrench in their fixed income plans. Declining short term interest rates can alter how investors' debt securities perform, requiring other sources of income to step in. Investo ...

Core Insights - Wealthy Americans are proactively planning for tax strategies in 2026, while the poor and middle class are focused on managing holiday expenses [1] - Year-end tax planning is essential for all income levels, especially for those with investments or retirement plans [2] Year-End Tax Planning - Year-end is a critical time for investors to enhance after-tax outcomes, particularly with the favorable tax provisions extended by the One Big Beautiful Bill Act [3] - High-income earners should engage in year-end tax planning to optimize their tax liabilities for 2025, potentially leading to significant tax savings [4] Tax-Loss Harvesting - Tax-loss harvesting allows investors to sell losing investments to offset capital gains, which can significantly impact the 2025 tax year [4] - Automated daily tax-loss harvesting can increase after-tax returns by 20% to 30% for high-income taxpayers in high-tax states [4] Portfolio Management - Investors should be aware of their losses and gains to make informed decisions about trimming their portfolios before year-end [5] Maximizing Contributions - All working individuals, regardless of wealth status, should maximize contributions to retirement and health savings accounts, with specific limits set for 2025 [6] Roth Conversions - Experts recommend Roth conversions for tax-free growth, and high-income earners should consider the Backdoor Roth strategy to bypass income limits [7]