Open Window's Insight Articles

With fresh IRS updates, inflation-adjusted brackets, and potential legislation on the horizon, now’s an ideal time to get ahead, sidestep surprises, and keep more of the money you’ve worked so hard to earn. In this Insight Article, we highlight key tax changes, explore Roth conversions in down markets, and revisit a longtime favorite—the strategic use of Health Savings Accounts for Medicare—to help you maximize deductions, avoid penalties, and make confident, tax-smart decisions in 2025.

Trade wars, tariffs, and economic uncertainty, while unsettling, are unfortunately nothing new. History shows that disruptive events often cause short-term market declines. Fortunately, they don’t necessarily spell disaster for long-term investors. Despite sharp "intra-year" drops, markets have finished in positive territory 17 of the last 20 years. The key? A disciplined, well-structured investment strategy that anticipates bumps before they appear. Ensure your portfolio is built to weather uncertainty. Need guidance? We’re here to help.

Do you see tax season as a chore—something to endure, not optimize? When done right, filing your tax return isn’t just about compliance, it’s a chance to celebrate the tax-smart moves you made last year and uncover new ways to maximize your future financial success. From strategic planning to hidden savings, your tax return holds valuable insights that can shape your financial future. Don’t just file—plan. Here’s how smart tax planning can put more money in your pocket now and for years to come.

The repeal of WEP and GPO means higher Social Security benefits for millions of public employees. Teachers, firefighters, and healthcare workers are already seeing higher Social Security benefits, including lump sum payments averaging $6,710 and monthly increases starting in April 2025. See how these changes might impact you.

Spring is an ideal time to clean up clutter. To assist you, Open Window is offering free document destruction from April 7th to 25th. Drop your documents by any time, or schedule a 'Secure Recycling' timeslot at www.openwindowFS.com/connection.

Our unconscious rules and beliefs about money—also known as “money scripts”—can have a big impact on the financial decisions we make. Part one in this two-part series introduces the idea of money scripts, so you can start to identify where these ideas may have an impact on your life. In the second part, we’ll offer strategies for flipping the script on these common beliefs. Stay tuned! In the meantime, if you're curious about your personal money scripts, click through to take our private and clinically tested money script evaluation at www.openwindowFS.com/moneyscripts.

It is not whether your financial professional is your fiduciary or not - it's how their fiduciary status actually works (and when).

An illustrated world review of capital market results in 2024, along with timeless advice for informing investment decisions.

Is your money stuck in places it shouldn’t be, like low-yield banks, outdated investments, or even forgotten accounts? Just as WD-40 reduces mechanical friction and keeps things moving smoothly, the right financial insights can help you "unstick" your finances, optimize performance, and smooth the way to greater financial peace of mind. Within, we explore a few of our favorite practical strategies to reduce common inefficiencies, tackle gritty challenges, and unlock your financial potential. Let’s make this year one of your best yet!

Each year, the IRS reviews and adjusts specific tax provisions for inflation. Below are the latest updates for the 2025 tax year, including common income, dividend, and capital gain tax brackets. What is your strategy to make the most of these brackets (in 2025 and beyond)?

Here are the tax policies we're watching and what they could mean for the high-earners, diligent savers, and charitable givers with which we work best. Proactive and adaptable tax and financial planning remain essential, especially since political and policy landscapes could shift yet again post-2026.

No matter which political party is in power, your best chance for achieving your personal financial intentions remains the same. Above all, we hope you continue living according to your values while remembering this time-tested advice about your lifetime investments.

Were you surprised to receive a Medicare IRMAA letter from the Social Security Administration? Beware that certain income levels can increase your Medicare premium by up to 286% - an increase called "IRMAA." And yet, some people might still pursue this increase. If you're among the 8% of all Medicare participants who received an "IRMAA" letter, here's what you need to know.

Although the outcome of the presidential election remains uncertain, one thing is guaranteed: a flood of opinions and predictions will emerge in the days ahead. With that in mind, let’s take a look back at how U.S. markets have historically reacted during or after elections. Can you spot any consistent patterns?

The tax policies proposed by former President Donald Trump and Vice President Kamala Harris highlight and contrast their different economic visions. Awareness of these policies and proposals is part of making an informed decision on Election Day. Although these tax proposals could have significant impacts on individuals, businesses, and the overall economy, a balanced approach in your personal planning remains a prudent way forward.

It's the time of year again to review Medicare options. The Open Enrollment Period — which begins on October 15 and runs through December 7 —is an opportunity to switch to a better Medicare health and prescription drug plan. Let's review the Open Enrollment Period options and look at changes to Medicare benefits for 2025.

The Nevada State Medical Association (NSMA) has honored Dr. Joe Hollen with its 2024 President’s Award. Dr. Hollen, who practiced as an Emergency Physician for two decades before serving the next two decades as a Certified Financial Planner™ professional, was recognized on September 21, 2024, for his contributions to both the physical and financial well-being of others.

The anticipation building up to elections often brings with it questions about how financial markets will respond. Fortunately, the outcome of an election is only one of many inputs to the market. This interactive exhibit examines data for nearly 100 years of US presidential terms and shows a consistent upward march for US stocks regardless of the administration in place.

“Hackers may have stolen the Social Security numbers of every American” in a recent data breach. While you shouldn’t live in fear, it’s wise to assume that your personal data may be accessible online in some form. Here are the proactive steps you can take to reduce the risk of identity theft and other forms of misuse. Chief among those steps is freezing your credit.

By January 1, 2025, nearly every small business owner must file an online "beneficial ownership information" (BOI) report. Filed just once (or with any ownership changes) and for free, nearly every business except certain sole proprietors and other limited exceptions should consider itself required to file (including LLCs, corporations, s-corporations, limited partnerships, family limited partnerships, even some HOAs, and others). Within, we review how we would file a BOI report as a ≥ 25% owner or control person and answer common questions we hear regarding the online form at https://boiefiling.fincen.gov/boir/html.