January has a way of inviting reflection.
A new year often brings resolutions and fresh intentions, but for many families, this season isn’t about drastic change. It’s about wanting fewer open questions, fewer second-guesses, and more confidence in the decisions ahead.
For some, that reflection happens during a quieter Northern Michigan winter. For others, it happens from a warmer place, away from the snow. Either way, this time of year often creates space to step back and think more clearly about what truly matters, not just in the year ahead, but in the years beyond.
For many families we work with, this includes questions around retirement timing, income decisions, tax planning, and how to feel confident navigating an ever-changing financial landscape.
Rather than focusing on narrow goals like saving more or spending less, this month’s featured article explores a different kind of financial resolution: creating clarity. The kind that helps remove emotion from big decisions, tune out unnecessary noise, and rely on a plan designed to support your life and priorities.
This month’s featured article reflects on the planning principles that guide our work and the conversations we’ll continue throughout the year ahead.
~ The Team at Black Walnut Wealth Management
Financial Resolutions for the New Year: Fewer Decisions. More Confidence.
Many financial resolutions focus on doing more. But for many families, the real goal this time of year is feeling more confident in the decisions already in front of them.
This article explores a different approach to financial resolutions, one centered on clarity, perspective, and discipline. From removing emotion from major decisions to tuning out unnecessary noise, it outlines principles that help families navigate change without constant second-guessing.
Read the full article for thoughtful insights on how a clear, well-designed plan can support steadier decisions and greater peace of mind throughout the year ahead.
WHAT WE'RE WATCHING
Laying The Groundwork For The Year Ahead
As the new year begins, our attention turns to several planning items that benefit from early review and preparation. This includes evaluating updated required minimum distribution (RMD) amounts for those age 73+, as well as ongoing considerations for inherited IRAs.
January and February are also a time to review portfolio positioning and tax-aware strategies, including early planning around qualified charitable distributions (QCDs) and the potential use of appreciated investments for gifting where appropriate. Addressing these items early helps ensure plans are well positioned before spring activity picks up.
As spring approaches, we look forward to reconnecting with clients and reviewing these updates together.
And of course we are also reviewing investments, making adjustments, rebalancing, and refining the plan as needed throughout the year.
PLANNING TIP OF THE MONTH
A Steady Start to the Year
The start of a new year can create pressure to take action. In many cases, the most productive move is allowing a well-designed plan to do its job. For many families, confidence comes from knowing decisions are being made intentionally, not reactively.
Thoughtful planning is built to help families navigate financial market noise, seasonal shifts, and short-term uncertainty without requiring constant adjustments. A clear plan reduces the need for frequent changes and helps remove emotion from moments when headlines or opinions feel overwhelming.
Slow and steady wins the race!
TAX-SMART STRATEGY
Positioning for a Tax-Efficient Year Ahead
The beginning of the year is a natural time to think about tax strategy more intentionally. Early planning allows for better coordination across income, investments, and charitable goals.
Tax planning isn’t just about current rules. It also means staying aware of potential changes and building flexibility into the overall plan. We monitor legislative and policy discussions that could affect income planning, distributions, and long-term tax efficiency.
For many families, this includes reviewing distribution strategies, considering the timing of income, and identifying opportunities to stay tax-efficient as the year unfolds.
UPCOMING COMMUNITY EVENTS
- February 13-15
- Winter Wonderland Weekend – Petoskey
- February 14-15
- 50th Annual North American Vasa – Traverse City
- February 21
- Winterlochen – Interlochen Center
- February 22-28
REVIEWS & RECOMMENDATIONS
Help Others Find a Financial Partner They Can Trust
We’re grateful for the feedback we receive from clients. Here’s one that made our day:
"Phone calls are always answered promptly, good financial advice, friendly people." ~ Ellen G.
This testimonial was provided by a current client of our firm. We did not provide any compensation in exchange for this testimonial. Because the individual is a current client, their experience and opinions may be influenced by their ongoing relationship with our firm. Clients’ experiences may not be representative of all clients, and results are not guaranteed.
