Thank you for a wonderful 2025; why we donate to support financial literacy; three tax optimizations you should complete before the end of the year.
To Our Friends and Valued Client Partners,
I hope you get the chance to slow down and enjoy the holiday season with your loved ones as the year winds down.
The close of the year is as good a time as any to kick off an official client newsletter. Moving forward, I’ll send these letters to keep you up to date on strategies and capabilities we’re developing between our planning sessions. I also hope these help serve as a valuable knowledge repository for future clients to learn about how we approach the financial world.
This inaugural letter contains just two main topics:
- We Will Donate 5% of 2025 Profits to Philadelphia Financial Scholars
- Three Pre-End of Year Tax Optimizations to Keep In Mind
I’ve loved working with each of you this year as we identify, optimize, and implement strategies aligned to your unique financial goals. Thank you for the wonderful partnership this year and I look forward to many more together.
Happy Holidays from our family to yours,
Nathan
Topic #1: We Will Donate 5% of 2025 Profits to Philadelphia Financial Scholars
Like many of you, I value education and want to support fair and equal access to quality programs. I have decided to focus specifically on supporting Financial Literacy because:
- A basic understanding of personal financial management early on can change the entire course of someone’s life
- Financial literacy is not part of the national education curriculum so it’s a topic that is widely misunderstood, particularly among underserved communities
- As a wealth manager, financial literacy is a personal passion of mine (as any of you who have seen me excitedly pull up a chart or diagram in the middle of a meeting probably know all too well)
Kangpan & Co. will donate 5% of 2025 profits to Philadelphia Financial Scholars, a “charitable organization that partners with schools to give students and families knowledge and confidence to achieve lasting financial empowerment.” Note, we do not have any formal affiliation with PFS at this time, we just like their mission.
Topic #2: Three Pre-End-of-Year Tax Optimizations
We’ve covered these strategies with most of you in your recent planning reviews, but just as a reminder, here are a few key tax planning strategies to be aware of as the year comes to a close:
- 529 Plan Contributions: Most of you have until December 31 to make any tax-deductible contributions to your plans for calendar year 2025. We’ve discussed the tax benefits each of you qualifies for and have worked with many of you to complete your contributions for the year already. Reach out to us if you want to make any last minute updates or changes to your strategy.
- Charitable Giving: OBBBA changes to the tax code next year allow for up to $2,000 in qualified charitable cash donations in 2026 to be deducted from your taxes, even if you are taking the standard deduction. That means it could be tax-beneficial for some of you to wait until Jan 1st for your holiday season cash donations. I’m sure many of you agree with us that Charitable Giving shouldn’t just be about the tax savings, but taking advantage of this tax benefit means you will be increasing your giving power to the causes you care about.
- We also wrote a piece earlier in the year on our blog about advanced charitable giving via donating appreciated stock that you can check out here
- Tax-Loss Harvesting: We continuously manage, and then report on tax-loss harvesting throughout the year for any accounts we directly manage for you. This is just a reminder for those of you with any accounts we don’t directly oversee to complete your tax-loss harvesting before the end of the year. Reach out to us if you want help or guidance with this.
If You’re Not a Client Partner Yet…
Kangpan & Co. is a comprehensive wealth manager using proprietary technology and analytics to identify and implement high value tax, planning, and investment strategies that other advisors and approaches overlook. We partner with high-earning and high net worth professionals that want their finances functioning at peak efficiency.
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Disclosures: This content is for educational purposes only and is not investment, tax, or legal advice. No post is an endorsement of any particular strategy or security. We do not receive any direct payments or commissions for securities discussed in our posts. Employees and clients of Kangpan & Co. may hold positions in securities discussed in posts. Speak with a licensed tax, legal, or financial advisor before making any changes to your investments or financial strategies. Past performance is no guarantee of future returns. Investing involves risk including the loss of capital.
Kangpan & Co. 