The recent presidential election has once again put the financial markets into a whirlwind, influencing everything from stock prices to bond yields and currency valuations. As investors and analysts try to gauge the full implications of President Trump's upcoming term, the initial market reactions give us a glimpse of what the economy might look like under this administration's policies.

It’s hard to believe we are just six short weeks from 2025. While the year is coming to a close, there is still plenty of time to ensure your finances end the year on a positive note. Consider several end-of-year planning opportunities if you want to minimize your tax bill, maximize your savings, and boost your financial health as we head into the new year. Here’s a checklist of financial planning opportunities to consider to make the most of 2024. 

Tax planning can be complex, especially for high-net-worth individuals. At ProffittGoodson, a leading financial advisory firm based in Knoxville, Tennessee, we specialize in creating personalized tax strategies that not only minimize liabilities but also enhance wealth preservation.

While many Knoxville residents are familiar with common tax deductions, lesser-known tactics can deliver substantial savings but are often overlooked.