2025 is almost over if you can believe it. It was another year of celebrations for many Bay Area locals. We cheered on our friends and loved ones at graduations. Some started a new business or went back to school.
Babies were born, and bucket-list vacations were taken. Some people purchased their first home, while others invested in a Tahoe vacation cabin. Many of our San Francisco residents also gave to good causes. In fact, San Francisco is recognized as one of the top-giving cities in America, with 40% of grant monies supporting Bay Area charities.
In general, plenty of money filtered through our hands this year, and now it’s time to give Uncle Sam his due. And we are here to help our Bay Area neighbors with tax preparation for 2025. Although everyone knows they must follow this annual ritual, they may not be sure how much tax is owed. Or what new law allows them to keep a little more, maximizing tax savings. As many Bay Area residents look to 2026, they may be wondering how to leverage their assets for a comfortable retirement. And every penny will count.
Let Us Help You Join the Club of Comfortable Retirees with a Sustainable Tax Plan
For most of the Bay Area going about their day and living life, it might seem like there’s enough time left to save for retirement. But like 2025, time goes quickly, and pretty soon, you’re looking at how to enjoy your golden years. The Motley Fool posted an article about how most Americans believe that $1 million may cover their retirement. The reality is only 2.5% get there. To be clear, the reasons for falling short on retirement savings don’t always include a lack of financial discipline. Inflation and unexpected life expenses, like a divorce or illness, can drain retirement savings. But one thing San Francisco does have control over is developing an innovative, thoughtful strategy. These strategies involve leveraging 401 (k)’s, stocks, property, and business investments. It also involves plucking pieces of savings where the opportunity arises. And tax preparation in 2025 is the perfect time to minimize tax returns and add to your savings accounts.
Our CPA’s are prepared to review a Bay Area local’s current tax strategy, locate possible savings, and help prepare for more tax savings in 2026. There are several strategies to save for retirement, and one is an innovative and sustainable tax plan. It’s our goal to ensure our clients become part of that exclusive 2.5% club of Americans who have a comfortable retirement.
