It’s year-end, which means it’s time to decide how much you’re planning to gift this year. As a complement to more thoughtful (and fun) gifts, consider gifting assets. (UBS)

What are the Seasons of Planning?
Financial health check-ups can help you make sure your portfolio and your plan reflect life’s latest changes. The Seasons of Planning checklists help to make these “important, but rarely urgent” check-ups part of your routine, as a complement to the account review conversations that you usually have with your financial advisor.


Why use the UBS Wealth Way?
The UBS Wealth Way framework allows us to take stock of what matters most to you and your family—your goals, concerns, and priorities—and uses these insights to build a personalized investment approach that segments your wealth by purpose across three key strategies:


  • A Liquidity strategy to help provide cash flow for the next 3–5 years
  • A Longevity strategy to satisfy lifetime goals such as retiring comfortably and on time; and
  • A Legacy strategy where you can earmark and invest capital for the goals that go beyond your own.

This time of year can be hectic and it will be gone before you know it. Here are some topics to help you take advantage of any remaining opportunities and finish the year strong.


1. Open enrollment
Every year, you’re given the opportunity to reaffirm or update your work benefits. Don’t take this opportunity for granted. Making a change from last year’s elections may make sense in the context of your financial plan, so be sure to work with your financial advisor to consider how all of your work benefits—not just health insurance—can support your financial health today and in the future.


For more information, please visit ubs.com/benefitsinsights .


Tip: As of 30 June 2023, only 7% of Health Savings Accounts (HSAs) invested a portion of their HSA dollars. That means 93% of HSAs were held in cash or the account’s money market fund. That could be a huge missed opportunity because the cumulative effect of HSA’s triple tax advantage is remarkable. If you are in a qualified high-deductible health plan and have access to an HSA, save as much as you can (up to the annual contribution limit) in the account and make sure you invest the assets for long-term growth.


For more information, please see HSAs and the power of tax-free growth .


2. Gift-giving
It’s year-end, which means it’s time to decide how much you’re planning to gift this year. As a complement to more thoughtful (and fun) gifts, consider gifting assets. Giving while you’re living allows you to enjoy your wealth alongside your family, so it’s also a gift to yourself.


For more information, please see Give to others, not the IRS .


Tip: The annual gift tax exclusion amount is exempt from the total amount of taxable gifts made during the year, and they can be made in several different forms including cash, stocks, or property.


3. Philanthropy
In addition to “Black Friday” and “Cyber Monday,” the holiday season has also now given us “Giving Tuesday.” While the first two revolve around commercial activity, the last focuses purely upon philanthropic endeavors. Its emergence as a new holiday tradition serves as a helpful reminder that charitable giving can provide benefits to those who receive the donations as well as those who make them.


For a list of the different types of charitable vehicles one might consider, as well as the philanthropic and tax considerations associated with each, see Charitable giving: The rules of the road .


Tip: If you want flexibility as to where and when you donate to a charitable cause, consider donating to a Donor Advised Fund (DAF). DAFs can allow your family to set aside funds—including appreciated securities—and keep the assets growing before they are eventually granted or donated, while still receiving the tax benefit in the year you fund the account. Consider creating a new family tradition by deciding together which charity will receive future grants each year.


Questions to get you started

  • Have you reviewed all of the workplace benefits available to you? To get the most from your benefits, schedule time with your financial advisor and your HR team.
  • Have you completed any gifts this year? Are you considering more gifts?
  • Is your family involved in your philanthropy decisions?

Read the full report Seasons of planning: Fall (October 2023) and visit ubs.com/retirementguidebook for the UBS Chief Investment Office's one-stop shop of retirement planning advice whether you are saving for, transitioning to, or already in retirement.


Main contributor: Ainsley Carbone


UBS Wealth Way is an approach incorporating Liquidity. Longevity. Legacy. strategies that UBS Financial Services Inc. and our Financial Advisors can use to assist clients in exploring and pursuing their wealth management needs and goals over different timeframes. This approach is not a promise or guarantee that wealth, or any financial results, can or will be achieved. All investments involve the risk of loss, including the risk of loss of the entire investment. Timeframes may vary. Strategies are subject to individual client goals, objectives, and suitability. This report has been prepared by UBS Financial Services Inc. (UBS FS). Please see important disclaimers and disclosures at the end of the document.