Wealth Management News & Insights
The 2025 Tax Brackets are Here, Major League Baseball’s Dream World Series Only Cost $650 Million, This is Your Body on Sugar
Primary Sources
- IRS Releases Tax Inflation Adjustments for Tax Year 2025: The Internal Revenue Service announced the annual inflation adjustments and notable changes for tax year 2025. [IRS]
- Revenue Procedure 2024-40: This revenue procedure sets forth inflation-adjusted items for 2025 for various Code provisions as in effect on October 22, 2024. [RP 24]
- The Health and Safety of Our People and Customers is Our Top Priority at McDonald’s: On October 30, the Centers for Disease Control and Prevention (CDC) announced they have now linked this outbreak, which appears to be contained, to slivered onions as the likely source. [McDonald’s]
Financial Markets
- Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending: Capital expenditures reached quarterly record amid big build-out of AI infrastructure. [WSJ]
Financial Planning
- Welcome to the Era of the $20,000 Family Car Insurance Bill: Have several children, a driveway full of cars and a few moving violations? Good luck to you. There are some ways to lessen the financial pain. [NYT]
- The 2025 Tax Brackets Are Here. See Where You Land: It will take more income to reach each higher tax bracket after the roughly 2.8% inflation adjustment. [WSJ]
The chart above displays the 2025 income tax brackets for single and married couples filing jointly. The tax brackets and their corresponding rates are annually adjusted to reflect inflation. The tax rates for 2025 range from 10% to 37%.
Retirement Planning
- IRS Unveils IRA Contribution Limits for 2025: In its announcement Friday, the agency said the 2025 IRA contribution limit will be $7,000, unchanged from 2024. IRA catch-up contributions for investors age 50 and older will also stay the same, at $1,000. [CNBC]
Business Strategy
- The Wall Street Veteran Leading Disney’s Search for Iger’s Replacement: James Gorman wanted a challenging board role after nailing succession at Morgan Stanley. He’s getting one at Disney. [WSJ]
- Starbucks Turns to Sharpies, Mugs and Price Freeze to Stem Traffic Slide: New CEO Brian Niccol pledges to simplify ‘overly complex’ menu and return to its coffee house roots. [FT]
- It’s Major League Baseball’s Dream World Series—and It Only Cost $650 Million: The New York Yankees and Los Angeles Dodgers are the most prestigious and popular franchises in the sport. They also hold an enormous financial advantage over their rivals. [WSJ]
- The Rockets are Nifty, but it is Satellites that Make SpaceX Valuable: Elon Musk’s space venture may soon be more valuable than Tesla. [The Economist]
- From Intern to CEO, Does it Pay to be a Company Lifer?: Executives who spend their career at one place can boost morale and loyalty but risk stifling innovation. [FT]
Life & Work
- Reinventing Concrete, the Ancient Roman Way: By learning the secrets of 2,000-year-old cement, researchers are trying to devise greener, more durable modern options. [NYT]
- American Airlines Busts Travelers Who Cut the Boarding Line: Audible alerts at the gate call out travelers trying to board earlier than they should. [WSJ]
- Sick of Vacations in Italy and Greece? Airlines Are Betting No: U.S. airlines are adding seats to European destinations and flying to new locales to capture spending from travelers. [WSJ]
- The World’s Doomsday Plant Vault Gets Thousands of New Seeds: A storage facility in Norway built to safeguard crop diversity recently received more than 30,000 samples as concerns grow about climate change and food insecurity. [NYT]
- This Is Your Body on Sugar: Over time, excess consumption of these added sugars can increase the risk of health problems. Here’s how that may play out in various parts of your body. [NYT]