Avid Wealth Partners

Private job growth can come in significantly below expectations, as we saw in February 2025, with just 77,000 jobs added, according to ADP. This marked the slowest hiring pace in months and signaled potential economic cooling. Key points to consider: ?? Trade, transportation, and utilities sectors can experience losses amid tariff concerns ? Leisure and hospitality sectors often show resilience even during slowdowns ?? Wage growth trends provide important context for overall economic health Market indicators suggest employers may become hesitant amid policy uncertainty and consumer spending fluctuations. Monitoring both ADP and BLS reports may offer a valuable perspective on employment trends. #JobsReport #EconomicIndicators #MarketOutlook Source: https://lnkd.in/gYSUXTGe

Originally a celebration of Washington's birthday, this federal holiday now offers us the chance to remember the contributions of all Presidents. Think of your favorite and enjoy a nice boost of civic pride. #presidentsday

?? Important Travel Update: New Entry Requirements for UK & Europe 2025 Starting January 8, all U.S. travelers to the UK must obtain an Electronic Travel Authorization (ETA)—a quick ￡10 process that grants two years of entry access. The application process is simple and can be completed using the official app or website. Decisions are typically made within hours. Pro tip: The UK and EU systems are separate, with Europe launching its own ETIAS system in mid-2025. Apply before booking to ensure smooth travels. ?? What you'll need: Your passport, a photo, and payment method. Even transit passengers and children require authorization. #TravelUpdates #InternationalTravel #UKTravel #EuropeanTrave Source: https://lnkd.in/gNqdxPMN

Do you know your IRA Contribution Deadlines? ? You have until April 15, 2025, to make a 2024 IRA contribution. ? Once you reach age 73, you must begin taking RMDs from a traditional IRA in most circumstances. Withdrawals from traditional IRAs are taxed as ordinary income and, if taken before age 59?, may be subject to a 10% federal income tax penalty. ? To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59?. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner's death. The original Roth IRA owner is not required to take minimum annual withdrawals. #IRAContributionDeadline, #FinancialNews, #TaxDeadline

Do you know your IRA Contribution Deadlines? ? You have until April 15, 2025, to make a 2024 IRA contribution. ? Once you reach age 73, you must begin taking RMDs from a traditional IRA in most circumstances. Withdrawals from traditional IRAs are taxed as ordinary income and, if taken before age 59?, may be subject to a 10% federal income tax penalty. ? To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59?. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner's death. The original Roth IRA owner is not required to take minimum annual withdrawals. #IRAContributionDeadline, #FinancialNews, #TaxDeadline

Can you guess 5 big financial mistakes Gen Z appears to be making? As this generation steps into financial independence, some trends are emerging that highlight potential blind spots in building wealth. As financial professionals, it’s our job to stay aware of these habits. We thought sharing these insights might be of interest: ?? Skipping the budget Small expenses, such as coffee runs, food deliveries, ridesharing, and streaming subscriptions, add up quickly! ?? Taking on debt without a clear strategy Balancing student loans and credit card debt can be challenging without a solid approach. ?? Missing out on employer match contributions Employer matching is essentially free money—a valuable opportunity that some are leaving on the table. ?? Leaning heavily on social media for financial guidance Not every “finfluencer” has sound or personalized insights, and financial strategies aren’t always one-size-fits-all. ?? Playing it too safely While avoiding investments can seem like the best approach, that may be a risk in itself. Without a financial strategy, they may miss out on long-term growth opportunities. These mistakes offer a glimpse into the financial challenges facing the next generation. What are your thoughts? We are always interested in hearing different perspectives! #GenZMoney #FinancialTips #MoneyMoves

?? Major changes ahead for non-compete agreements—but the impact may be more nuanced than it seems. The Federal Trade Commission (FTC) has pushed for abolishing non-competes, but there’s an important detail: the role of states. Here’s what to know: ??While the FTC’s proposal is broad, state laws and enforcement remain crucial. Even if finalized, states may challenge or interpret the rule differently, adding complexity. ??High earners with existing non-competes could see new career opportunities—or ongoing restrictions—depending on state responses. ??Executives must rethink strategies to protect trade secrets, client relationships, and competitive advantages without relying on non-competes. It’s not a simple “ban and done.” Federal and state dynamics will shape the outcome, making a proactive strategy essential. What can you do now? ??Review existing agreements and explore alternatives, like non-disclosure agreements or non-solicitation clauses, to safeguard your interests. ??Stay informed and engage with legal and human resource teams to prepare for potential shifts in how your agreements are governed. ??This update is not a replacement for real-life guidance. Consult a legal professional before making any changes. What do you think about non-competes and the FTC's actions? #BusinessNews #Employment #Innovation #Entrepreneurship

A look at the new IRS rules for IRAs and workplace retirement accounts. Is now a good time to revisit your contributions?

"The arc of the moral universe is long, but it bends toward justice." ??????????????? Dr. Martin Luther King Jr.'s legacy isn't just history—it's a call to action we carry forward. His vision of dismantling systemic inequality and building communities rooted in respect, love, and diversity guides us today. Each of us has the power—and the responsibility—to work toward the equitable world he imagined. Every effort, big or small, helps bend the arc in the right direction. ??? #MLKDay #SocialJustice