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For many business owners, the term ‘liquidity event’ immediately brings to mind a complete sale of the business. While a full business exit is one path, it’s far from the only one. What Is a Liquidity Event? Throughout a business owner's journey, there may be opportunities to access liquidity through partial sales, recapitalizations, ownership transfers, or other strategic transactions that provide financial flexibility while allowing continued involvement in the business. For founders and key employees, these events are often life-changing financial milestones, allowing them to cash out or diversify their personal wealth away from a single concentrated business asset. Because these events can significantly impact both personal and business finances, thoughtful planning before a transaction occurs can be critical for creating greater flexibility and alignment with long-term goals. Understanding Different Types of Liquidity Events Liquidity events take many forms, each carrying its own set of risks, potential opportunities, and important considerations. For instance, a business owner may decide to sell a minority stake to an outside investor to support future growth. Others may participate in a recapitalization, exchanging a portion of their ownership for liquidity while retaining operational control. Some owners pursue gradual ownership transitions through family succession plans, management buyouts, or employee ownership arrangements. In each case, the transaction creates a potential opportunity to convert a portion of a business asset into personal liquidity. However, the structure of the transaction often influences taxation, cash flow, estate planning considerations, and future business decision-making. Understanding the potential paths available to business owners can help them evaluate opportunities more effectively when they arise. Recognizing the Value of Early Planning A common challenge surrounding liquidity events is timing. Many transactions move quickly once discussions begin, leaving limited opportunity to address planning considerations after the fact. Planning well in advance of a liquidity event allows business owners to evaluate potential outcomes before key decisions are made. This may include reviewing ownership structures, understanding tax implications, assessing personal cash flow needs, and identifying how proceeds could support broader financial objectives. By bringing professional legal, tax, and financial advisors into the conversation before a transaction is imminent, owners may have more flexibility to explore options, evaluate risks, and consider strategies that may not be available later in the process. Evaluating Tax and Cash Flow Considerations In many cases, a liquidity event can significantly impact an owner's financial position. In addition to receiving proceeds, owners may encounter new tax obligations, shifts in income sources, and changes in long-term cash flow planning. The timing and structure of a transaction can influence how proceeds are taxed. Depending on the circumstances, considerations may include capital gains taxes, installment payments, retained equity interests, or future earn-out arrangements. Beyond taxation, business owners should evaluate how proceeds may fit into their overall financial framework. Questions may include: How much liquidity is needed to support current lifestyle needs? What portion should remain available for future opportunities? How should risk exposure change after receiving proceeds? What adjustments may be necessary to support retirement or legacy objectives? Addressing these questions in a proactive manner may help provide greater clarity as financial circumstances evolve. Aligning Decisions with Long-Term Goals Liquidity events represent more than financial transactions. They can serve as a catalyst for broader planning discussions about family priorities, retirement objectives, philanthropy, business ventures, legacy, and wealth transfer strategies. Proceeds from a liquidity event may provide some owners the flexibility to pursue new entrepreneurial opportunities. Others may focus on creating sustainable retirement income or establishing a long-term legacy plan for future generations. However, without a clear framework it can be easy for short-term decisions to overshadow long-term priorities. Taking time to define objectives before proceeds are received may provide an opportunity to align financial decisions with personal values and future goals. Planning ahead can also help reduce uncertainty during what is often a significant transition period. Maintaining Perspective During Transition Liquidity events frequently involve both financial and emotional considerations. Even when an owner remains involved in the business, a transaction can represent a significant milestone after years or decades spent building an organization. Since periods of transition can bring uncertainty alongside opportunity, maintaining perspective and focusing on long-term objectives may help owners navigate changing circumstances with greater confidence. Rather than viewing a liquidity event as an isolated transaction, it may be helpful to view it as part of an ongoing planning process where strategies adapt over time as business conditions, personal goals, and market environments evolve. Ready to Continue the Conversation? Whether a liquidity event is years away or already under consideration, thoughtful preparation may help better position today's decisions to support tomorrow's objectives. At Return on Life Wealth Partners, we help business owners think beyond the transaction and focus on what comes next. Call us at 440.740.0130 to talk about business exit planning strategies tailored to your goals. Visit us anytime at ReturnOnLifeWealth.com. Important Disclosures Investment advisory services are offered through Planned Financial Services, LLC, dba Return on Life Wealth Partners, an SEC-registered investment adviser. This material is for informational purposes only and is not intended to provide, and should not be relied on for, investment, tax, or legal advice. You should consult your own financial, tax, or legal professionals before making any decisions based on this information. All investing involves risk, including the possible loss of principal. Any strategies discussed may not be suitable for all individuals. Business exit planning strategies discussed are educational in nature and may not be appropriate for all business owners or situations. Discussions related to business exit planning, succession planning, valuation readiness, legal risk management, or ownership transition strategies should not be interpreted as personalized recommendations. Outcomes vary significantly based on individual facts, circumstances, and timing. This content does not constitute an offer to buy or sell securities or financial instruments. This content may not be copied or distributed without express written consent. For additional information, please refer to our Form ADV Part 2A Brochure, available upon request or at https://www.adviserinfo.sec.gov.

How to Get 3 Steps Closer to Your Desired Exit Without Compromising Your Life’s Work For most business owners, the company is more than a source of income. It represents years of sacrifice, late nights, risk-taking, relationships, and identity—all wrapped into a single enterprise. Yet when it comes time to exit, owners can find themselves trapped between two less than desirable options: 1) sell quickly and risk undervaluing everything they’ve built, or 2) keep working indefinitely, because stepping away feels impossible. In reality, successful exits seldom happen by accident. They’re designed intentionally — often years before the transaction itself. If you’re a business owner thinking about retirement, succession, or eventual transition, consider the three steps below to help create the exit you envision without compromising what matters most to your family and your business. Step 1: Define What Your Ideal Exit Looks Like When exiting a business, a common mistake owners make is focusing exclusively on the final number. Yes, valuation matters. But the highest offer is not always synonymous with the best outcome. That’s because business exits are about far more than the sale price. They are about finding ways to preserve your life’s work, protect your family, reward employees, and prepare for the next chapter of life. Before discussions about buyers, timelines, or taxes can occur, you need clarity around your personal vision and the outcomes you desire. Consider the following: How do you envision your life after you transition? Will you remain involved in the business post-transition? To what extent? Is it important that employees and leadership are protected and/or rewarded? Is family succession a goal? What legacy do you want to leave? How will you define financial independence? Without defining your business exit goals first, it can be easy to pursue a transaction that looks good on paper but leads to regret later. For example, after giving serious thought to “life after the business,” many owners find they’re not ready retire. They’re seeking freedom, flexibility, or relief from the day-to-day operational pressures of the business. As a result, many business owners seek a strategy that will enable them to remain involved in a less onerous but still rewarding capacity. What, if any, risks exist after the transaction? Plan Early and Intentionally Ideally, you want your exit to be intentional, not reactive. However, all too often, business owners spend decades building value but only months planning their transition. That imbalance can lead to undervaluation, unintended tax consequences, family stress, post-exit uncertainty, and more. Your business represents a lifetime of work. The goal is not simply to exit but to do so on your terms — with confidence, clarity, and purpose. That requires early and intentional planning. Ready to continue the conversation? At Return on Life Wealth Partners, we help business owners think beyond the transaction and focus on what comes next. Whether your timeline is two years or ten, thoughtful preparation today may help create more options tomorrow. Call us at 440.740.0130 to talk about advanced exit planning strategies tailored to your business goals. Visit us anytime at ReturnOnLifeWealth.com. Important Disclosures Investment advisory services are offered through Planned Financial Services, LLC, dba Return on Life Wealth Partners, an SEC-registered investment adviser. This material is for informational purposes only and is not intended to provide, and should not be relied on for, investment, tax, or legal advice. You should consult your own financial, tax, or legal professionals before making any decisions based on this information. All investing involves risk, including the possible loss of principal. Any strategies discussed may not be suitable for all individuals. Business exit planning strategies discussed are educational in nature and may not be appropriate for all business owners or situations. Discussions related to business exit planning, succession planning, valuation readiness, legal risk management, or ownership transition strategies should not be interpreted as personalized recommendations. Outcomes vary significantly based on individual facts, circumstances, and timing. This content does not constitute an offer to buy or sell securities or financial instruments. Any mention of third-party organizations is for informational purposes only and does not imply endorsement or affiliation. This content may not be copied or distributed without express written consent. Step 2: Seek Ways to Help Increase Transferable Value Before You Exit A business that depends entirely on the owner can be difficult to sell at premium value. Generally, buyers pay more for companies that can thrive without the founder’s constant involvement. That means transferable value matters far more than revenue alone. A strategy that seeks to strengthen transferable value will consider the following: Leadership Infrastructure - A mature and well-developed management team that is capable of running daily operations independently. Recurring Revenue - Predictable cash flow can increase stability and buyer confidence. Documented Processes - Businesses with systems and operational consistency may be easier to transition. Customer Diversification - Overreliance on a small number of clients can reduce valuation and increase perceived risk. Financial Clarity – Clear, well-organized financial statements and proactive tax planning aid credibility and can lead to smoother due diligence. The earlier you begin preparing these areas, the greater the leverage and flexibility you potentially gain when opportunities arise. On the other hand, owners who wait until they are “ready to sell” to address these areas may find themselves negotiating from a less advantageous position. Step 3: Build an Exit Team Before You Need One Exiting a business is one of the most financially and emotionally significant events of an owner’s life. It requires a strategy that seeks to align your business and personal financial goals with your values. Trying to navigate it alone can be costly. An integrated planning approach that coordinates the advice of a team of professional advisors can help put a strategy in place that aligns your goals for the business with your post-exit lifestyle needs. That team may include: Wealth advisors Tax professionals Estate planning attorneys Exit planning specialists Business valuation experts M&A advisors Your advisory team does more than facilitate a sale. They help answer important questions, such as: How can you manage your tax exposure to optimize after-tax proceeds? How can proceeds be positioned to support your long-term income goals? What happens to employees and leadership? For additional information, please refer to our Form ADV Part 2A Brochure, available upon request or at https://www.adviserinfo.sec.gov.

There’s a moment many families experience but few plan for: That late-night phone call, the unexpected hospital visit, the sudden realization that a parent who once managed everything independently may now need help making decisions. In that moment, you’re not just dealing with emotion, you’re making critical financial, medical, and logistical decisions under pressure. The best time to plan for the future needs of aging parents is well before a crisis, when circumstances can force hasty decisions. Why a Proactive Approach Matters More Than Ever On average, people are living longer. That’s a good thing. However, longer life spans can also mean more people may experience periods of declining health, cognitive changes, and dependency. Families who don’t plan ahead for these possibilities may find themselves making reactive versus proactive decisions for themselves and loved ones. Decisions lacking foresight can not only be more costly but are more likely to create family conflict. Advance care planning, on the other hand, may support greater clarity, control, and confidence in the decision-making process. Start with the Conversation Most Families Avoid Contrary to what many people may think, thoughtful planning begins with a conversation—not documents or strategies. And while it can feel uncomfortable to discuss things like declining health, financial dependency, and end-of-life preferences, avoiding difficult conversations doesn’t prevent these situations from happening. It just means you’ll be less prepared when they do. Also, don’t assume that loved ones who may be reluctant to talk about these topics, haven’t spent time thinking about them. In a recent survey, 75% of retirees expressed serious concerns about declining health and potential long-term care needs as they age. Among them, 41% cited “declining health that requires long-term care” as one of their greatest retirement fears. In addition, 36% fear losing their independence and 32% are concerned about cognitive decline and dementia. 1 For older adults who may be reluctant to initiate or engage in discussions about aging, consider adopting a curious and respectful approach that focuses on more positive or neutral aspects of aging. Questions like those below may lead to deeper discussions about aging and independence: What do you enjoy most/least about this stage of your life? What do you find easier/harder about growing older? What aspects of aging have surprised you the most? What do you worry about the most as you get older? Who do you want to make healthcare decisions on your behalf if you’re unable to do so yourself? What type of living arrangement would make you feel happy and secure if you were no longer able to live independently? What are some specific ways I can help you retain your independence for as long as possible? Are there things that you no longer want to do, or don’t feel up to doing, where I can lend a hand? These conversations aren’t about taking control away—they’re about honoring your loved ones’ wishes before someone else has to guess them. The Financial Reality Most Families Underestimate Long-term care can be an often-overlooked financial consideration in retirement planning. Whether it’s in-home care, assisted living, or a nursing facility, the costs can be substantial—and services are often needed longer than expected. The annual Cost of Care Survey released in March 2026 lists the national median costs for long-term care services and supports in the United States as follows: 2 Non-Medical Caregiver: $80,080 annually (44 hours/week) Skilled Nursing in Home: $90 per hour, with a median per-visit rate of $160 Assisted Living Communities: $74,400 annually Nursing Home: $315 per day, or $114,975 annually for a semi-private room; $355 per day, or $129,575 annually for a private room Key questions to address about long-term care planning, include: Do your parents have a plan to pay for care not covered by Medicare? Are assets structured efficiently in the event care is needed? Do they have long-term care insurance or another funding strategy in place? Many people don’t realize that Medicare does not cover long-term care expenses, such as assisted living facilities, in-home aides, or nursing home costs. Without advance planning, families may face pressure to use assets quickly or make rushed decisions that may limit available options. At Return on Life Wealth Partners, we seek to align financial strategies with individual values, needs, and preferences, not just theoretical projections. Important Legal Documents to Consider Having the right documents in place can also help reduce stress and anxiety on everyone’s part at a time of crisis or when faced with a medical emergency. Below are several foundational documents that should be part of every family’s estate plan: Durable Power of Attorney (POA) – designates a trusted person (agent) to manage your financial or medical affairs; remains effective even if you become mentally or physically incapacitated Healthcare Power of Attorney – focuses strictly on medical care and not financial matters Living Will / Advance Directive –specifies your preferences for medical care, particularly end-of-life treatment, if you become unable to communicate These documents, which are executed by a legal professional, ensure that if your parents are unable to make decisions, someone they trust can step in without court involvement or delays. Without appropriate legal documents, families can face complications and delays at a time when they need to make clear and timely decisions. Organization Matters One of the most practical and often overlooked steps in preparing for what lies ahead is simply organizing information. Make sure someone in a position of trust knows: Where your loved one’s accounts are held Where important personal, legal, and estate planning documents are kept How to access insurance policies and coverage details What their monthly obligations and recurring expenses are and how they’re managed How to contact their trusted financial, legal, and accounting advisors Think of this as creating a “financial and life roadmap” for your parents. It doesn’t just make things easier—it can help avoid costly mistakes and unnecessary stress. Watch for the Early Warning Signs Planning shouldn’t wait until there’s a crisis. Often, there are subtle indicators that it’s time to step in: Missed bill payments and/or appointments Memory lapses that impact daily life Declining physical mobility Increased reliance on others Decreased interest in social activities and engagements These signals don’t mean independence is gone—but may mean it’s time to begin planning discussions. The Emotional Side No One Talks About This process isn’t just logistical. It’s deeply emotional. Roles begin to shift. The people who raised you may now rely on you more and more. That can result in all parties experiencing different degrees of guilt, stress, uncertainty, and family tension. When there’s a plan in place, families can spend less time worrying about decisions and more time focusing on what actually matters: being present with each other. Bringing It All Together Planning for aging parents isn’t about expecting the worst, it’s about being ready for reality. Navigating this new stage of life with confidence begins with: Starting conversations early Aligning financial and care strategies Putting legal protections in place Being proactive instead of reactive If helping parents put a plan in place for the future is something your family has yet to address, remember, the conversation doesn’t have to be perfect, it just has to start. If you’re unsure how to begin, give us a call. At Return on Life Wealth Partners, we help families navigate change with strategies that seek to support what brings the most meaning to their lives. 1 Retirement Realities: The Experience of Retirees 25th Annual Transamerica Retirement Survey, December 2025; Transamericainstitute.org. 2 CareScout 2025 Cost of Care Survey, March 2026; Genworth.com. Important Disclosures This material is provided for informational and educational purposes only and does not constitute investment advice, legal advice, or tax advice. The information contained herein is general in nature and may not be applicable to all individuals or situations. Tax laws and regulations are subject to change, and their application may vary based on individual circumstances. Individuals should consult with qualified tax, legal, or financial professionals regarding their specific situation before making any financial decisions. Investing involves risk, including the potential loss of principal. No strategy can assure success or protect against loss. Past performance is not indicative of future results. Return on Life Wealth Partners does not provide legal or tax advice. Any discussion of tax strategies is not intended to be used, and cannot be used, for the purpose of avoiding tax penalties. Investment advisory services offered through Planned Financial Services, LLC, dba Return on Life ® Wealth Partners, an SEC-registered investment adviser.

Most business owners have given some thought to how they will exit their business. Yet, when pressed for details, many have only scratched the surface, responding, “Someday, I might sell,” or “My kids may take over.” Others say they’re not ready to think about it. However, viewing exit planning solely as a future transaction, rather than part of an ongoing business strategy, could limit the options available for business owners seeking to exit on their terms and timeline. In a recent Frank Wealth Insights podcast episode, I sat down with attorney and CEO Alex Gertsburg to explore how advanced exit planning may help owners plan for outcomes that may be more closely aligned with their objectives, whether they plan to sell, transfer, or continue to have a role in the business. Below are highlights from our conversation. The Most Common Exit Planning Mistake Business owners often become serious about exit planning following a trigger event, such as a: Health scare Partner dispute Disability/death of a partner Surprise offer Lawsuit Divorce Cyber incident These types of events can compress decision-making timelines and reduce options for exiting the business on the owner’s terms and timeline. That’s because in reactive situations, options narrow. Negotiating leverage weakens. Emotional strain increases. Waiting to engage in exit planning until a sale is imminent can be costly for other reasons as well. Often, by the time a letter of intent arrives, many of the factors that determine business value are already set. Factors such as legal structure, governance clarity, tax positioning, risk exposure, and operational resilience have likely either been built — or neglected — for years. Advanced Exit Planning Is Not Just for Sellers A common objection from business owners is, “I’m not planning to sell or exit anytime soon.” Advanced exit planning helps to reframe the conversation from “How do I sell?” to “How do I build a business that creates exit planning options?” In many cases, the same practices that seek to improve exit readiness may also help business owners focus on near-term objectives for: Reducing operational risk Strengthening governance Positioning the business for stronger valuation considerations Increasing financing flexibility Protecting family interests Business continuity planning, which is a critical component of an advanced exit planning strategy, addresses these and other aspects of operational resilience, including: Clear succession of decision-making authority Access to financial accounts and records Documented contingency procedures Insurance adequacy reviews Defined interim leadership plans Silent Value Killers Can Undermine Otherwise Strong Businesses It’s important to keep in mind that profitability alone does not guarantee readiness to sell. Profits can coexist with structural fragility. Often, a business may look successful on paper: Revenue is solid. Margins are strong. Growth is steady. Yet, value erosion can hide in plain sight. Advanced exit planning can help identify blind spots while there’s still time to implement strategies to address them. Common structural blind spots include: Undocumented or Informal Agreements: Handshake deals with partners, outdated operating agreements, and unclear equity splits may not matter — until they matter all at once during due diligence Messy Capitalization Tables and Ownership Ambiguity: Unclear ownership records, phantom equity promises, or unresolved minority interests can delay or derail transactions entirely. Intellectual Property Gaps: Is your IP formally assigned to the company? Are contractor agreements airtight? Buyers scrutinize these details closely. Owner Dependency: If revenue, client relationships, or strategic decisions depend heavily on the founder, transferable value may be limited. The Gap Between “Sale Price” and Family Reality Owners often overestimate what an exit will accomplish for them financially. A misalignment between business value and family goals can result in anchoring themselves to a hypothetical sales price. But the number that truly matters is: After-tax. After-fees. After-structure. After-lifestyle. After accounting for transaction costs, capital gains exposure, state tax considerations, ongoing income replacement needs, estate planning implications, and other factors, the net outcome can look very different. Advanced planning can help quantify that gap earlier in the process. It allows owners to ask: “What do we actually need this business to produce — and what structure will help get us there?” Why Siloed Planning Creates Risk Business, tax, and estate planning often take place in separate conversations — sometimes years apart. That fragmentation can be problematic. For example: An estate plan may divide ownership equally among heirs without considering management capability. A buy-sell agreement may exist, but funding mechanisms (life or disability coverage) are outdated. Tax elections may conflict with long-term transfer goals. An integrated planning approach that coordinates the advice of professional financial, legal, and tax advisors should seek to help: Clarify the long-term business strategy Model financial independence targets Stress-test tax scenarios Align estate structures accordingly A Certified Exit Planning Advisor (CEPA) may help coordinate planning discussions among financial, legal, and tax advisors. Without coordination, well-intentioned advice can work at cross purposes. Practical Steps to Get Started Exit readiness is less about selling and more about seeking strategies aligned with the goals of the business and the family behind it. If you’re an owner considering options for your business, start with the steps below. Step 1: Conduct an Exit-Readiness Conversation Gather your advisory team and ask: If I receive an unsolicited offer tomorrow, what will slow us down? Where are we exposed legally or structurally? Is there a gap between the projected sale value and our family’s financial independence target? Are our estate documents aligned with actual ownership realities? Step 2: Assemble Core Documents Operating/shareholder agreements Buy-sell agreements Capitalization table Key contracts Insurance summaries Estate documents Tax returns (recent years) Remember, advanced exit planning is not about predicting the future. It’s about putting strategies in place that help to address: Reducing avoidable risks Improving structural clarity Protecting what you have built Increasing flexibility for whatever comes next Even if a planned exit is years away, treating exit planning as a strategic discipline, rather than a distant event, may help owners approach an offer from a position of preparation if a potential transaction does arise. Ready to continue the conversation? Listen to the full podcast episode at Frank Wealth Insights or call us at 440.740.0130 to talk about advanced exit planning strategies tailored to your business goals. Visit us anytime at ReturnOnLifeWealth.com. Important Disclosures Investment advisory services are offered through Planned Financial Services, LLC, dba Return on Life Wealth Partners, an SEC-registered investment adviser. This material is for informational purposes only and is not intended to provide, and should not be relied on for, investment, tax, or legal advice. You should consult your own financial, tax, or legal professionals before making any decisions based on this information. All investing involves risk, including the possible loss of principal. Any strategies discussed may not be suitable for all individuals. Business exit planning strategies discussed are educational in nature and may not be appropriate for all business owners or situations. Discussions related to business exit planning, succession planning, valuation readiness, legal risk management, or ownership transition strategies should not be interpreted as personalized recommendations. Outcomes vary significantly based on individual facts, circumstances, and timing. This content does not constitute an offer to buy or sell securities or financial instruments. Any mention of third-party organizations is for informational purposes only and does not imply endorsement or affiliation. Return on Life Wealth Partners, Frank Fantozzi, Alex Gertsburg, and Gertsburg Licata Co., LPA, are independent and unaffiliated entities. This content may not be copied or distributed without express written consent. For additional information, please refer to our Form ADV Part 2A Brochure, available upon request or at https://www.adviserinfo.sec.gov.

Recent changes in federal tax law have reduced estate tax concerns for many families. With historically high federal gift and estate tax exemptions now made permanent, a substantial number of individuals may be less likely to face federal estate taxes at death under current law. As a result, some people assume that lifetime gifting is no longer necessary. However, estate planning decisions are rarely driven by taxes alone. In many cases, lifetime gifting can still serve important planning, family, and legacy objectives when evaluated as part of a broader financial strategy. Understanding today’s estate and gift tax environment Under current law, individuals and married couples may transfer substantial assets without incurring federal estate tax. For 2026, the U.S. federal estate and gift tax exemption, indexed for inflation, is $15 million per individual ( $30 million for married couples), subject to future legislative or regulatory changes. However, state-level estate or inheritance taxes might still apply, depending on your state. In addition, the federal annual gift tax exclusion remains unchanged from 2025 levels at $19,000 per recipient ( $38,000 for married couples splitting gifts). Gifts within these limits generally do not require the filing of a gift tax return and allow individuals to transfer assets annually without using lifetime exemption amounts. Certain payments made directly to educational institutions or medical providers for another person’s education or medical expenses may also qualify for special tax treatment, subject to IRS requirements. While these rules may reduce estate tax exposure for many households, they do not eliminate the need for thoughtful planning. Decisions around gifting should consider income taxes, long-term financial security, and personal goals. How assets are taxed matters It’s important to understand how assets are taxed when they are transferred. Assets passed at death generally receive a ‘step-up’ in cost basis to fair market value at the time of death under current law. This adjustment may reduce or eliminate capital gains taxes if heirs later sell the assets. Assets gifted during the owner’s lifetime typically retain the original cost basis, which may result in capital gains taxes for the recipient upon sale. As a result, gifting appreciated assets during one’s lifetime may not always be appropriate and should be evaluated based on individual circumstances. Evaluating the type of asset, its expected future growth, and the recipient’s tax situation is essential before making a gifting decision. Situations where lifetime gifting may be considered In many cases, lifetime gifting may align well with an individual or family’s broader planning goals. In certain situations, gifting assets to family members in lower income tax brackets may reduce overall family tax exposure if those assets are sold. Lifetime gifts may also be used to support education expenses, healthcare needs, or other family priorities. These strategies are highly dependent on individual circumstances and should be evaluated carefully in coordination with a qualified tax or estate planning professional. Additional considerations when making lifetime gifts Many individuals choose to make lifetime gifts for reasons unrelated to taxes. Gifting during life may allow individuals to provide meaningful support to loved ones, observe the impact of their generosity, and address needs as they arise rather than deferring assistance to the future. In some cases, structured gifting through trusts may be used to help manage how and when assets are distributed, depending on the grantor’s objectives. Trusts can be designed to provide oversight, encourage responsible use of assets, or address specific family concerns, depending on the goals of the grantor. A thoughtful, integrated approach Lifetime gifting is not a one-size-fits-all solution. Even in an environment with favorable estate tax rules, gifting decisions should be made in the context of long-term financial security, cash flow needs, tax considerations, and family dynamics. Consult with your financial, tax, and legal professionals for guidance on strategies that seek to minimize tax liability and transfer wealth efficiently. At Return on Life ® Wealth Partners, effective wealth planning focuses on aligning financial decisions with personal values and long-term objectives. Lifetime gifting may be one component of that process, but it should always be evaluated as part of a comprehensive plan. Important Disclosures This material is provided for informational and educational purposes only and does not constitute investment advice, legal advice, or tax advice. The information contained herein is general in nature and may not be applicable to all individuals or situations. Tax laws and regulations are subject to change, and their application may vary based on individual circumstances. Individuals should consult with qualified tax, legal, or financial professionals regarding their specific situation before making any financial decisions. Investing involves risk, including the potential loss of principal. No strategy can assure success or protect against loss. Past performance is not indicative of future results. Return on Life Wealth Partners does not provide legal or tax advice. Any discussion of tax strategies is not intended to be used, and cannot be used, for the purpose of avoiding tax penalties. Investment advisory services offered through Planned Financial Services, LLC, dba Return on Life ® Wealth Partners, an SEC-registered investment adviser.

When most people hear the word legacy, they think about inheritance, wills, or the final transfer of assets. But a legacy is much more than an estate plan — it’s the story your wealth tells about your life, its impact on other people, and the values you would like to see carried forward over time. At Return on Life ® Wealth Partners, we believe that a meaningful legacy is not defined by a balance sheet; it’s defined by intention. It begins long before assets change hands and continues to evolve throughout your lifetime. As you think about your long-term goals in 2026 and beyond, consider how your financial life today is shaping the story others will inherit tomorrow. more Legacy Starts Now — Not Later A legacy isn’t something composed at the end of life — it’s built over time, through everyday choices. Your financial decisions already communicate your values. They show what you prioritize, such as security, generosity, family, opportunity, education, or entrepreneurship. When people reflect on what they want their legacy to represent, a powerful question often emerges: “If my children or grandchildren were to describe what matters most to me, what would they say?” The answer to that question can influence how families approach financial planning. That’s because legacy planning becomes less about transferring wealth and more about expressing purpose. Values: The Foundation of Every Meaningful Legacy Every family grows up with its own unwritten rules about money — beliefs passed from one generation to the next. Some associate money with stability; others view it in terms of independence, responsibility, or stress. When families intentionally identify and align their financial values, planning discussions may become more meaningful. Instead of asking, “What should we do with our money?” the conversation shifts to: “What does our money stand for?” Some families formalize these values into a mission statement; others simply engage in ongoing conversations. No matter what approach, clarifying family values can help create unity across generations and strengthen the foundation of your legacy. The following questions are provided to prompt reflection and discussion: What financial lessons shaped me growing up? What do I want future generations to understand about wealth? Which values do I hope my financial decisions reflect? The Role of Communication in Sustaining Wealth One of the greatest risks to any financial legacy is silence. Some studies suggest that many families struggle to preserve wealth beyond the second or third generation, not because of investment mistakes, but because the next generation never learned the story behind the wealth or how to manage it responsibly. Having open age-appropriate conversations about planning decisions, family values, and the purpose of wealth creates stewardship, not secrecy. These discussions don’t need to be formal or overwhelming. Start by sharing simple anecdotes, such as: How you saved for your first home The lesson behind your first investment A financial mistake that made a lasting impact Remember, even small conversations can add up to greater understanding. Balancing Family Inheritance and Charitable Giving Many families struggle with how to support loved ones while also contributing to causes they care deeply about. But philanthropy and inheritance don’t have to compete — they can work together to shape a legacy that is both heartfelt and financially sound. For example, some families explore tools such as donor-advised funds, charitable trusts, or family giving initiatives to help: Reinforce shared values Engage younger generations Produce a long-term impact May provide potential tax advantages, depending on individual circumstances Some families even create annual “giving traditions” where everyone participates in deciding which organizations to support. These rituals can often unify families in ways that a traditional inheritance alone cannot. Creating a Living Legacy — Something You Experience Today A legacy doesn’t have to be something that begins only after you’re gone. Many of the most meaningful legacies are lived every day. A living legacy might include: Funding educational opportunities for children or grandchildren Supporting entrepreneurship or vocational training Mentoring future leaders in your industry Creating family experiences that build connection and purpose When individuals view their wealth as a tool for impact today — not just a future transfer — their legacies become dynamic and deeply personal. Turning Intention into Family Tradition Legacies endure when they are renewed, shared, and celebrated. Whether through yearly gatherings, storytelling, or charitable rituals, families can help support their legacies for generations by intentionally building traditions around their values. Consider introducing: A Family Impact Journal recording yearly accomplishments, giving, and goals An annual legacy meeting to revisit values and discuss shared objectives Storytelling traditions that pass down wisdom, not just assets These traditions help wealth become something that unites rather than divides. Your Wealth Is Your Story — Make It One Worth Telling Your legacy is more than the assets you leave behind — it’s the meaning behind them; the gratitude you express, the wisdom you share, and the values you live. As you think about your financial goals for 2026 and beyond, ask yourself: “Does my current plan reflect the story I want to tell?” If you’re ready to continue the conversation around aligning wealth and purpose, we welcome the opportunity to discuss what matters most to you. Call us at 440.740.0130 or visit ReturnOnLifeWealth.com to start the conversation. Investment advisory services are offered through Planned Financial Services, LLC, dba Return on Life Wealth Partners, an SEC-registered investment adviser. The views expressed in this article are for general informational and educational purposes only and do not constitute financial, legal, tax, or investment advice. Readers should consult their own qualified professionals before making any financial decisions. Information is believed to be accurate as of the date of publication but may not be complete or updated for subsequent changes in law or regulation. Any forward-looking statements are based on current assumptions and are subject to risk and uncertainty. Past performance is not indicative of future results.

As 2025 draws to a close, many of us start reflecting on what we want to improve in the year ahead. Not surprisingly, two of the most common resolutions are about health and wealth. But what if the key to improving both lies in realizing how deeply connected, they are? At Return on Life ® Wealth Partners, we believe your financial well-being and physical well-being aren’t separate pursuits — they’re part of the same balanced life. The choices you make for your body, your business, and your bank account all influence each other. For example, financial stress doesn’t just affect your wallet — it can impact your sleep, mood, relationships, and even long-term health. Likewise, neglecting your physical or mental health can lead to costly medical issues and lower productivity. more When you invest time in your health — through exercise, rest, or preventive care — you’re also improving your ability to make sound financial decisions. After all, it’s hard to think clearly about your money when you’re running on empty. If you’re looking for ways to strengthen the connection between health and wealth to create greater balance in your life, consider the tips and action steps below. Create healthy habits Successful people don’t achieve balance by accident — they create it intentionally. Start by identifying your core values and non-negotiables, then schedule time for them. The key to forming new habits is to be specific and clear about your goals. Whether you’re saving for the future or working toward fitness goals, success often comes down to consistency and mindset. Consistency counts: Saving money and staying active share a powerful trait: delayed gratification. Small, repeatable actions, like contributing regularly to a savings plan or committing to daily walks, compound into long-term results. Mindset matters: A scarcity mindset can keep you stuck in fear and hesitation, while a growth mindset helps you make progress and adapt when challenges arise. And don’t underestimate the value of rest. Mental clarity can lead to financial decisions that support, rather than undermine, your goals. Focus on the long game Just like training for a marathon, building wealth is about pacing yourself, staying disciplined over time, and monitoring progress toward your desired outcomes. The start of a new year is an ideal time to review your financial “fitness plan” to help ensure your investment, insurance, retirement, tax, and estate planning strategies are aligned with your current lifestyle and future goals. Keep in mind, skipping your financial checkups can be as risky as skipping medical ones, since small issues can compound over time. Lead by example If you’re a business owner, you know firsthand how intertwined your personal health and your company’s success can be. It’s easy to sacrifice sleep, exercise, or family time in pursuit of growth — but those sacrifices can eventually hurt your business. Sustainable success comes from systems, delegation, and boundaries. When leaders prioritize their health, they model balance for their teams. Investing in employee wellness also pays off through higher engagement, lower turnover, and a stronger bottom line. Remember: You can’t lead a healthy business if you’re not a healthy leader. Maintain balance While maintaining balance can be difficult at times, it is by no means impossible. For example, the holiday season can be a joyful but challenging time for waistlines and wallets alike. Consider the following strategies to help you maintain balance and stay on track as the year wraps up: Celebrate with moderation — both financially and personally. Review year-end opportunities for charitable giving, income deferral, and tax strategies as appropriate for your situation. Avoid “holiday hangovers” from overspending, overeating, or overcommitting. Use downtime to reflect on what went well this year — and what you want to improve next year. Get a jumpstart on your goals Seeking to put your best foot forward in the new year? Get started with the following action steps: Automate smart habits. Set up automatic savings and recurring investments. Schedule your checkups. Your financial and physical health both deserve annual attention. Protect your time. Build non-negotiable self-care into your schedule. If you can’t do everything at once, start small. Consistency beats perfection! Ready to plan for the health and wealth outcomes you seek in 2026? Call us at 440.740.0130 or visit ReturnOnLifeWealth.com to talk about strategies tailored to health and wealth goals. And be sure to follow Frank Wealth Insights for more conversations about building balance in every area of life. Investment advisory services are offered through Planned Financial Services, LLC, dba Return on Life Wealth Partners, an SEC-registered investment adviser. The views expressed are for informational and educational purposes only and do not constitute specific financial, legal, investment, or tax advice. Please consult a qualified professional before making any financial decisions.

As the end of the year approaches, now is the time to take advantage of tax strategies that seek to help reduce taxable income, optimize savings, and start the new year on a stronger financial footing. And this year, planning ahead is especially important. With the passage of the One Big, Beautiful Bill Act (OBBBA) in July 2025 — a sweeping package of tax adjustments and new incentives — individuals and business owners have several new opportunities to help improve their tax outlook. Some provisions apply retroactively to January 1, 2025, some phase out after 2028–2029, and a handful are permanent. State conformity will vary, so federal and state impacts may differ as filings come due. more These foundational changes set the stage for several planning opportunities. Below, we break down some of the most valuable tax planning considerations to address before December 31st. 1. New Senior Bonus Deduction for 2025 - 2028 The OBBBA introduced significant changes, including one that may allow seniors to keep more of their income in retirement working for them, whether they itemize on their returns or take the standard deduction. Senior Bonus Deduction: In addition to the pre-existing, higher standard deduction for 2025, which is  $15,750 for single filers, $23,625 for heads of household, and $31,500 for married filing jointly, taxpayers age 65+ who itemize or take the standard deduction may be eligible to receive the new $6,000 senior bonus deduction ($12,000 per couple if both spouses are eligible). The temporary bonus deduction for tax years 2025 – 2028 can be combined with the pre-existing higher standard deduction for taxpayers 65+, which is $2,000 for single filers and $1,600 per eligible spouse for married couple filing jointly. The deduction begins to phase out when Modified Adjusted Gross Income (MAGI) exceeds $75,000 for single filers and $150,000 for married filing jointly. It is not available to married couples filing separately. 2. Additional Temporary Tax Deductions Beginning in 2025 The OBBBA created several new deductions that may provide meaningful savings for taxpayers — especially because they apply even if you do not itemize. The following deductions apply to tax years 2025 – 2028: “No Tax on Tips” Deduction: Workers in certain IRS-listed occupations may deduct up to $12,500 (single filers) or $25,000 (married filing jointly) in tip income. Proper reporting and documentation will be required. The deduction begins to phase out for taxpayers with MAGI over $150,000 for single filers/$300,000 for married filing jointly. Overtime Premium Deduction Eligible workers can deduct the “half-time” portion of time-and-a-half overtime pay, up to the same income and phase out limits as the tip deduction. The deduction only applies to federal income taxes. Overtime pay remains subject to FICA and any applicable state and local taxes. Personal Car Loan Interest Deduction From 2025–2028, taxpayers may deduct up to $10,000 of interest on a loan for a qualifying new personal-use vehicle (used and leased vehicles do not qualify). The deduction begins to phase out for taxpayers with MAGI over $100,000 for single filers/$200,000 for married filing jointly. 3. Maximize Retirement Plan Contributions Before Year-End Contributing to retirement accounts remains one of the most powerful ways to reduce taxable income while pursuing your important long-term savings goals. 401(k), 403(b), and 457(b) Plans: 2025 maximum employee deferral for participants under age 50: $23,500 Age 50 – 59 and 64+ catch-up contribution amount: $7,500 Special age 60–63 catch-up (new in 2025): $11,250 Total possible deferral for participants age 60–63: $34,750 2025 contributions must be made by December 31, 2025 Traditional & Roth IRAs: Limit: $7,000 Age 50+ catch-up: $1,000 (for a maximum contribution of $8,000) Taxpayers have until April 15, 2026, to make tax-year 2025 contributions Planning considerations: Roth conversions can be attractive while tax rates remain relatively low. Watch income-related Medicare premium brackets (IRMAA). Backdoor Roth strategies and mega-backdoor Roths (when permitted by your plan) continue to be viable for certain taxpayers. Consult with your tax and financial professionals before pursuing theses or other strategies. 4. Charitable Giving Strategies — Especially for Seniors For taxpayers age 70½ or older, Qualified Charitable Distributions (QCDs) remain one of the most tax-efficient tools available for pursuing philanthropic interests. QCD highlights: 2025 QCD limit: $108,000 for individuals, $216,000 for married couples Counts toward your required minimum distribution (RMD) Excluded from adjusted gross income AGI (helps with IRMAA and other phaseouts) The distribution must be transferred directly from your IRA by your IRA administrator to a qualified 501(c)(3) charitable organization. A QCD cannot be made to donor-advised funds or private foundations. It must be completed by December 31 to qualify for the current tax year. Strict rules apply so be sure to consult with your tax and financial professionals before initiating a QCD. Planning considerations: The OBBBA introduced a new charitable “floor,” beginning in 2026. That makes QCDs even more attractive to eligible taxpayers because they sidestep itemized deduction thresholds entirely. If you’re not eligible to make a QCD, consider “bunching” charitable gifts into 2025 — especially if using a donor-advised fund — to help maximize itemized deductions under current rules. 5. SALT Deduction Planning Under the New $40,000 Cap From 2025–2029, the federal SALT limit increases significantly to: $40,000 per return for single filers, heads of household, and married couples filing jointly ($20,000 for married filing separately) Planning considerations: High earners may benefit from prepaying certain state and local taxes where allowable. However, some states may take months (or years) to conform to federal rules, so confirm state-specific guidance before acting. For high-net-worth households, advanced trust strategies may offer additional SALT deduction flexibility — but should only be explored with a specialist and in alignment with broader estate planning objectives. 6. Smart Gifting and Estate Planning Moves Annual gift exclusion (2025): $19,000 Lifetime exemption (2025): $13.99 million Planning Notes: Effective January 1, 2026, individual taxpayers are eligible to gift up to $15 million during their lifetime ($ 30 million for married couples) without incurring federal gift tax or using up your estate tax exemption. This amount was made permanent under the OBBBA (unless changed by future legislation) and is indexed annually for inflation. The IRS has confirmed there will be no clawback for gifts made under the higher exemption amounts if the threshold drops in future years. 7. Year End 529 Education Planning Opportunity Superfund a 529 Plan Taxpayers can “superfund” 529 education savings accounts by front-loading up to five years of contributions. However, tax benefits can vary by state, so be sure to confirm applicability with your tax professional. Under the current gift tax exclusion, which is $19,000 per recipient in 2025, taxpayers can contribute up to: $95,000 for single filers $190,000 for married filing jointly (gift-splitting) Keep in mind, IRS Form 709 must be filed in the year of the contribution to make the five-year election. No additional contributions can be made to the same 529 plan for the same beneficiary during the five-year period without affecting the lifetime gift tax exemption. Consult a qualified tax or legal professional before pursuing this or other strategies. 8. Income Splitting & Hiring Your Children For family-owned businesses, hiring children can be a tax-smart strategy — especially under sole proprietorships or partnerships owned only by the parents. Key benefits include: No FICA (federal payroll tax) on wages for children under 18 No FUTA (unemployment tax) for children under 21 Wages may fall under the child’s standard deduction Children with earned income can fund a Roth IRA (up to $7,000 in 2025) Corporate entities (S-corps, C-corps) do not receive these FICA/FUTA exemptions. 9. Powerful Tax Tools for Business Owners 100% Bonus Depreciation Is Back and Permanent Available for most tangible personal property placed in service after January 19, 2025. Excellent for equipment, machinery, vehicles, and cost-segregated components of real estate. R&D Expensing Restored (Domestic) Full expense returns for domestic R&D activities for years beginning after December 31, 2024. Section 179 Expensing 2025 limit: $1,250,000 Phaseout begins at $3,130,000 Review Interest Deductibility under §163(j) The revised rules limit the deduction to 30% of adjusted taxable income plus business interest income. Modeling leverage vs. deductions is critical. Evaluate Entity Selection and Compensation Mix §199A (QBI deduction) is now permanent, with minimum deduction rules beginning in 2026. It may be worth revisiting S-corp, partnership, or C-corp structures. 10. Your “Before December 31” Action Checklist Before the ball drops, consider the following which must be completed by December 31 st: Max-out employer-sponsored retirement plans and catch-up contributions, if eligible. Evaluate the potential for a Roth conversion. Complete charitable gifts and/or execute QCDs, if eligible. Prepay SALT where beneficial under the new $40k cap. Harvest investment gains or losses. Make annual gifts or superfund 529 plans. For business owners: Take advantage of 100% bonus depreciation. Use Section 179. Document R&D expenses. Review interest deductibility. Consider hiring your children (where applicable). Your business structure may determine eligibility, so consult with a tax professional before initiating these or other strategies. Final Thoughts: Align Tax Planning with Your Financial Plan Tax planning should support your broader financial goals — not drive them. Or as we like to say, don’t let the tax tail wag the financial dog. As we approach year-end, take the time to meet with your tax professional and financial advisors to evaluate the strategies that are applicable and make the most sense for your situation. If you’d like personalized guidance, our team is here to help. Visit ReturnOnLifeWealth.com or call 440.740.0130 to schedule a consultation. This material is considered a general communication for educational purposes only and does not take into account any investor’s specific objectives, financial situation, or needs. It should not be construed as personalized investment, tax, or legal advice, nor as a recommendation to engage in any specific strategy. Return on Life® Wealth Partners does not provide legal advice. Individuals should consult their tax or legal professional regarding their unique circumstances. Strategies and examples described herein are for illustrative purposes only. No guarantee of outcome is implied or should be inferred. All investments involve risk, including possible loss of principal. Investment advisory services offered through Planned Financial Services, LLC, dba Return on Life ® Wealth Partners, an SEC-registered investment adviser.

Making Real Estate a Core Pillar of Your Multigenerational Wealth Strategy You may be familiar with the “Great Wealth Transfer” – the estimated $84 trillion in assets that are expected to change hands over the next 20 years. This transfer of wealth is one of the most significant factors affecting today’s high-net-worth households and its impact is expected to increase in the coming decades. 1 The transfer of real estate assets will play a substantial role since 24% percent of this wealth is tied to real property in the form of primary residences, vacation homes, rental properties, and commercial assets. 2 Advantages of building wealth with real estate Real estate investments may offer opportunities to generate income during your lifetime and potentially create a lasting legacy by passing valuable assets to future generations in a tax-advantaged manner. However, it can also involve risks such as property value fluctuations, liquidity constraints, and ongoing management responsibilities. Despite these risks, real estate investments can provide: Equity growth: As mortgages are paid down and property values appreciate over time, owners build equity that can be leveraged or passed on to future generations. Passive income: Depending on market and occupancy conditions, rental properties and commercial real estate may provide ongoing cash flow that can be used to supplement primary income or be reinvested or saved. Inflation hedge: Property values and rental income tend to rise with inflation. As the cost of goods and services goes up, property values and rents generally follow suit, helping to offset the loss of purchasing power. Diversification: Adding real estate to an investment portfolio may help manage  portfolio risk by increasing diversification across asset classes with the goal of enhancing overall returns while reducing volatility Tax advantages: Real estate offers numerous tax benefits through strategies like depreciation and property-related deductions. Additional tax-saving strategies that may be available include: cash-out refinancing, bonus depreciation for rental properties, and 1031 exchanges that allow owners to defer capital gains taxes by reinvesting sale proceeds into another income-producing property. Active vs. passive investing There are many ways to invest in real estate. Depending on how involved you want to be in managing your real estate portfolio, you could choose an active or passive approach – or a combination of the two. Examples of an active approach to investing in real estate include buying a house to use as a short-term vacation rental, owning long-term tenant-occupied properties, or renovating and flipping houses for a profit. Purchasing and managing commercial real estate is another example. An active approach allows investors greater control and influence over lease terms and conditions, as well as the timing of a purchase or sale. Active investors typically collect rental income, build equity as property values appreciate, and reap important tax benefits. The downside of an active approach may include high up-front costs, significant time spent conducting due diligence and managing properties and paperwork, ongoing maintenance expenses, and lack of liquidity, among other considerations. Keep in mind, you may be able to outsource some of these tasks for a fee. Passive real estate investing, on the other hand, requires far less time and effort on the part of investors. Typically, a third party performs all of the work for you, from property selection and due diligence to the timing of the purchase and sale of individual holdings, property management, ongoing bookkeeping, tax reporting, and more. Passive real estate investors may also experience lower upfront costs and increased liquidity. As a passive investor you should expect to split profits with other investors and fund managers and share any tax benefits. Some of the ways to invest in real estate as a passive investor include: Real estate investment trusts (REITs), which allow investors to earn a share of the income produced by a real estate portfolio without having to buy, manage, or finance property themselves. R eal estate fund s that allow investors to purchase shares in a mutual fund or exchange-traded fund (ETF) that invests in REITs. Crowdfunding, where real estate platforms connect investors with real estate developers or project sponsors who are seeking funding for property acquisitions, renovations, or new construction projects. While real estate can be a powerful tool for preserving generational wealth, it can also present challenges. Real estate is relatively illiquid, requires upkeep, and can be difficult to divide equitably among multiple heirs. Market fluctuations, tax implications, and family discord can add further complexity when passing these assets to your heirs or the charitable organizations you support. That makes it important to work closely with qualified legal, tax, and financial professionals to develop a strategy tailored to your needs and objectives that reflects your goals, timeframe, risk tolerance, and need for liquidity. An experienced wealth advisor can help ensure that your real estate strategy is aligned with your overall financial plan and wealth management goals and take the lead in coordinating and implementing the advice you receive from your other advisors. To learn how your team of independent wealth planning professionals at Return on Life ® Wealth Partners can help you and your family pursue the Return on Life ® you desire, contact us today for a free consultation. About Return on Life ® Wealth Partners Return on Life Wealth Partners is an independent Registered Investment Advisor (RIA) founded in 1994, with headquarters in Cleveland. The team provides comprehensive wealth planning services to individuals, families, and business owners. By examining clients’ lives before their money, Return on Life ® aligns its advice with clients’ values. This personalized approach also extends to the institutional and corporate retirement plan services available through 401(k) Prosperity ®. 1 Cerulli, Associates, JAN 2022, https://www.cerulli.com/press-releases/cerulli-anticipates-84-trillion-in-wealth-transfers-through-2045. 2 Business Insider, NOV 2023, https://www.businessinsider.com/real-estate-investment-market-mortgage-rates-baby-boomers-down-payment-2023-11. Important information This blog post is for informational and educational purposes only and does not constitute investment, legal, or tax advice. Return on Life ® Wealth Partners is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. The views and opinions expressed are those of the author(s) and do not necessarily reflect the official policy or position of the firm. Any strategies discussed may not be suitable for all individuals and are not guarantees of future results. Investing involves risk, including the possible loss of principal. Tax laws and regulations are subject to change, and strategies outlined may not be suitable for all individuals or entities. You should consult a qualified tax professional regarding your specific tax situation before implementing any tax-related strategy. Real estate investments, including REITs, funds, and crowdfunding, involve risks such as illiquidity, property value fluctuations, management fees, and market or economic conditions. Investors should carefully review offering materials and consult with qualified legal, tax, and financial professionals before making any investment decisions. Investment advisory services are offered through Planned Financial Services, LLC, dba Return on Life ® Wealth Partners, an SEC-registered investment adviser. For additional information and disclosures related to our firm and services, please visit https://www.returnonlifewealth.com/additional-disclosures.

The One Big Beautiful Bill Act (OBBBA), signed into law by President Trump on July 4, 2025, introduces a variety of changes to tax law. While many provisions from the 2017 Tax Cuts and Jobs Act (TCJA) remain in effect, the OBBBA also includes new tax breaks — and eliminates others. Understanding these changes can help you plan strategically, whether you are an individual taxpayer or a business owner. For Individuals TCJA Provisions Made Permanent The OBBBA preserves individual income tax rates (10%, 12%, 22%, 24%, 32%, 35%, and 37%) that have been in place since 2018. It also maintains the near doubling of the standard deduction, which for 2025 is: · $15,750 for single filers · $23,625 for heads of household · $31,500 for joint filers The standard deduction will be indexed to inflation in future years, and the personal exemption remains permanently eliminated. Other TCJA provisions made permanent include: · Federal gift and estate tax exclusion: $15 million for individuals, $30 million for married couples beginning in 2026, with annual inflation adjustments · Child tax credit: $2,200 per eligible child under 17 in 2025, indexed to inflation starting in 2026 · Elimination of miscellaneous itemized deductions (except unreimbursed educator expenses) · Moving expense deductions limited to military and intelligence community members · Personal casualty deduction limited to federally and some state-declared disasters SALT and Homeowner Deductions · SALT deduction cap increases to $40,000 for 2025–2029, with 1% annual inflation adjustments (subject to income-based phaseouts); returns to $10,000 in 2030 · Home mortgage interest deduction permanently reduced to $750,000 ($375,000 for separate filers), including mortgage insurance premiums; mortgages originated before December 16, 2017, are "grandfathered" under the previous higher limit of up to $1 million ($500,000 for separate filers) · Interest on home equity debt remains deductible, provided the funds are used to buy, build, or improve the property New Deductions and Credits · Tip and overtime income: Deduct up to $25,000 in tip income and $12,500 in qualified overtime pay (2025–2028), subject to payroll taxes and income limits · Vehicle loan interest: Above-the-line deduction of up to $10,000 for new, personal-use U.S.-assembled vehicles (2025–2028), income phaseouts apply · Charitable contributions for non-itemizers: Above-the-line deduction up to $1,000 for single filers, $2,000 for joint filers starting in 2026; applies to cash contributions only · Senior bonus deduction: Effective 2025-2028, taxpayers 65+ may deduct an additional $6,000 ($12,000 for married couples filing jointly if both spouses are 65+); income phaseouts apply Clean Energy Incentives Ending · Tax credits for electric vehicle purchases expire after September 30, 2025 · Tax credits for energy-efficient home improvements expire after 2025 --- For Business Owners Retirement Plans and Contributions The OBBBA does not change the ability of business owners to implement or continue tax-efficient retirement strategies, including 401(k)s, SEP IRAs, or profit-sharing plans. Reviewing contribution limits and plan design can help optimize tax outcomes. Clean Energy and Equipment Deductions · Section 179D deduction for energy-efficient commercial buildings ends for new property construction beginning after June 30, 2026 · Qualified commercial clean vehicle credit ends for vehicles acquired after September 30, 2025 · Businesses should review any remaining clean energy credits for eligible property acquired before these deadlines Business Property and Tax Planning · Section 179 and bonus depreciation strategies remain critical for equipment acquisitions and capital investments · SALT limitations, casualty loss rules, and employee-related deductions may impact business owners differently than individuals Other Considerations Business owners should also evaluate payroll, fringe benefits, and other deductions that may interact with new individual provisions, including tips, overtime pay, and senior employee benefits. A comprehensive review with a tax or financial advisor can help identify opportunities and avoid surprises. To learn more about the One Big Beautiful Bill and how tax planning may fit into your overall wealth strategy, listen to our upcoming Frank Wealth Insights podcast episode, dropping September 30th. For guidance from our independent team at Return on Life® Wealth Partners, contact us today for a complimentary, no-obligation consultation. --- About Return on Life® Wealth Partners Return on Life Wealth Partners is an independent Registered Investment Advisor (RIA) founded in 1994, headquartered in Cleveland. The team provides comprehensive wealth planning services to individuals, families, and business owners. By examining clients’ lives before their money, Return on Life® aligns advice with personal values. This approach also extends to corporate and institutional retirement plan services available through 401(k) Prosperity®. Important information This blog post is for informational and educational purposes only and does not constitute investment, legal, or tax advice. Return on Life® Wealth Partners is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. The views and opinions expressed are those of the author(s) and do not necessarily reflect the official policy or position of the firm. Any strategies discussed may not be suitable for all individuals and are not guarantees of future results. Investing involves risk, including the possible loss of principal. Readers should consult their own financial, legal, or tax professionals before acting on any information presented. Investment advisory services offered through Planned Financial Services, LLC, dba Return on Life Wealth Partners, an SEC-registered investment adviser. For additional information related to our services, please visit https://adviserinfo.sec.gov/firm/summary/112879 Copyright © 2025 Planned Financial Services, LLC. All Rights Reserved.

We started 2025 on a high note — though we acknowledged that “no market environment is ever permanent, and that change is always potentially around the corner.” That change arrived, and with it came renewed volatility, driven in part by assumptions that President Trump’s policies would closely mirror those of his prior term. So far this year, the direction of policy has played a key role in driving the markets. Uncertainty surrounding trade policy was a dominant force in the first half — and it’s likely to continue shaping the landscape in the months ahead. Volatility: More Messenger Than Menace The first half of 2025 has brought increased volatility, influenced by trade policy shifts, an evolving Federal Reserve stance, geopolitical uncertainty, and renewed interest in artificial intelligence. While volatility may create both challenges and opportunities, it also highlights the importance of understanding one’s risk tolerance before making changes. Historical episodes such as the 2011 debt ceiling crisis and 2018 trade tensions demonstrate how markets have absorbed shocks and later resumed growth. Market and Policy Environment Despite ongoing uncertainties, equity markets have shown resilience, with the S&P 500 rebounding from earlier lows this year. Key drivers include policy shifts, bond market dynamics, and alternative investment strategies. Looking ahead, the delayed effects of trade policies may result in slower hiring, moderated GDP growth, and a modest inflation increase. These factors present challenges for the Federal Reserve as it balances inflation control with supporting employment. While rate cuts have been hinted at, a cautious approach is expected in the near term. Fixed Income and Alternatives Bond yields have remained elevated due to global monetary trends, increased U.S. debt issuance, and persistent inflation in the services sector. High-quality bonds continue to serve as tools for managing risk and generating income, particularly amid recession concerns. Alternative investments, such as equity market-neutral funds and global macro strategies, may provide diversification benefits by mitigating volatility and delivering non-correlated returns. Navigating the Path Ahead As we move into the second half of 2025, uncertainty and opportunity will continue to coexist in the markets. Staying informed about evolving policies, economic trends, and market dynamics is essential for making prudent financial decisions. While challenges remain, a thoughtful, balanced approach can help investors navigate volatility and position themselves for the journey ahead. Explore key insights and timely perspectives in LPL Research’s 2025 Midyear Outlook: Pragmatic Optimism, Measured Expectations report—designed to help you understand what may lie ahead for the economy and markets. Download the Full Report Important Disclosures Investment advisory services are offered through Planned Financial Services, LLC, an SEC-Registered Investment Adviser. This commentary may include perspectives from LPL Financial, a separate, unaffiliated entity. This blog post is for informational and educational purposes only and does not constitute investment, legal, or tax advice. Return on Life® Wealth Partners is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. The views and opinions expressed are those of the author(s) and do not necessarily reflect the official policy or position of the firm. Any strategies discussed may not be suitable for all individuals and are not guarantees of future results. Investing involves risk, including the possible loss of principal. Readers should consult their own financial, legal, or tax professionals before acting on any information presented. Planned Financial Services, LLC, dba Return on Life Wealth Partners, and its representatives do not provide legal advice. The information provided reflects the opinions of Planned Financial Services, LLC, dba Return on Life Wealth Partners and is not intended to be a forecast of future events or a guarantee of future results. This material is for general informational purposes only and is not intended to provide specific advice or recommendations for any individual. It is not an offer or solicitation to buy or sell any security. Economic forecasts and market opinions may not develop as predicted and are subject to change. Past performance does not guarantee future results. There is no guarantee that a diversified portfolio will enhance overall returns or protect against loss. Asset allocation does not ensure a profit or protect against loss. References to markets, asset classes, and sectors generally relate to corresponding market indexes, which are unmanaged and cannot be invested into directly. Index performance does not reflect fees, expenses, or sales charges. All data is provided as of July 8, 2025. A portion of this research material was obtained from LPL Financial, LLC. LPL Research’s 2025 Midyear Outlook: Pragmatic Optimism, Measured Expectations report was used with the Permission of LPL Financial. All information is believed to be from reliable sources; however, Planned Financial Services, LLC, dba Return on Life Wealth Partners, makes no representation as to its completeness or accuracy. This material should not be relied upon as the sole basis for any investment decision. Investors should conduct their own due diligence or consult their advisors before acting. For additional information about our services, please visit https://adviserinfo.sec.gov/firm/summary/112879. Copyright © 2025 Planned Financial Services, LLC. All Rights Reserved.

Key Considerations Before Selling a Business As a business owner focused on the day-to-day responsibilities of running a company, it can be difficult to imagine life without your business. It’s not just your time that’s wrapped up in the business, but your identity, which is why many owners joke that the only way they’ll exit their business is “feet first.” But what if circumstances or your priorities change and you’re unable to work as long as intended due to an illness or injury? Or what if you’re ready to sell but the value of the business is not enough to support your lifestyle in retirement? That’s where business exit planning can play a critical role. Exit planning can help you prepare for both expected and unexpected events as you seek to drive business value and position yourself to meet the next phase of your life on your terms. When exit planning is treated as a business strategy it can help create the conditions that will place you and your business in the best possible state to transition. Are you mentally and emotionally prepared? When developing a strategy, one of the first considerations is how you plan to exit your business. Will you leave outright or remain involved in a less prominent role? Will the business remain in the family, be bought out by one or more partners, sold to a third party, or another arrangement? How will you spend your newfound time? Think about what gives your life purpose and meaning outside of your business, as well as the legacy you will leave. Can you afford your post-business lifestyle? The next step is determining if you’re financially prepared. Since the net worth of most owners is closely tied to their best-performing asset—the business—it’s important to diversify your wealth and risk outside of it. That begins with understanding your cost of living without your business. For example, certain perks and benefits you can write off today, such as a company car, golf club membership, or employer-based health insurance, can be costly once you’re paying for those expenses yourself. The less you accumulate outside of the business, the more you will rely on the value of the business at the time of sale to support your goals for the remainder of your life. For example, if you need $20 million in investable assets to live the life you want, but you’ve only accumulated $6 million in non-business investments, your business has to sell for a net of $14 million to avoid a wealth gap. If you haven’t taken steps over the years to maximize business value, and it’s only worth $10 million when you’re ready to sell, you’ll fall short of your goal. Keep in mind that focusing on your personal planning needs well in advance of a sale may improve your ability to position the business to support your financial goals.That’s because it can take years to improve the various areas that influence business value and improve your multiples, such as EBITDA (earnings before interest, taxes, depreciation, and amortization), human capital, social capital, structure capital, customer capital, and a business that is not centralized around the owner. You don’t want to wait to create tangible business value until you’re ready to sell or exit the business—or worse—are forced to leave due to a health condition or other event. The earlier you determine your financial requirements for the sale, the more likely you will be able to take the steps that will allow you to comfortably transition out of the business on your timeline with the money you need to support the next phase of your life. Remember, everything from your lifestyle, legacy, outside interests, long-term care preferences, and the charities you support need to be funded. How can you get started? Exit planning ensures you have a game plan in place to help determine when you’re ready to walk away, what your next steps will be, and how your legacy will play out. It’s also a critical tool for driving the types of continuous improvements that lead to maximizing business value over time. And when it comes to planning for your future, time is your greatest ally. The sooner you begin to identify your goals and aspirations, the sooner you can start taking concrete steps toward accomplishing them. Having time on your side also allows you to make better decisions and thoughtful adjustments along the way as challenges present themselves or your priorities change. A Certified Exit Planning Advisor (CEPA) will not only help you identify your goals but create a path to help pursue them as part of a team of experienced legal, accounting, and wealth management professionals. A CEPA can help coordinate the planning process by addressing your big picture from a holistic perspective, asking the right questions, facilitating communication with your team of advisors, and implementing strategies and advice that can help you maximize the value of your business and personal assets. To learn more about how a Certified Exit Planning Advisor can help you pursue the full range of your business and personal goals, listen to our latest podcast episode of Frank Wealth Insights. To learn how your team of independent wealth planning professionals at Return on Life ® Wealth Partners can help you and your family pursue the Return on Life ® you desire, contact us today for a complimentary, no-obligation consultation. About Return on Life ® Wealth Partners Return on Life Wealth Partners is an independent Registered Investment Advisor (RIA) founded in 1994, with headquarters in Cleveland. The team provides comprehensive wealth planning services to individuals, families, and business owners. By examining clients’ lives before their money, Return on Life ® aligns its advice with clients’ values. This personalized approach also extends to the institutional and corporate retirement plan services available through 401(k) Prosperity ®. Important information The information provided in this document is for informational purposes only and should not be construed as investment, tax, or legal advice. While we strive to provide accurate and up-to-date information, there are no guarantees that the strategies discussed will achieve the intended outcomes. Individual results may vary depending on factors such as market conditions and personal circumstances. There is no assurance that any financial planning or exit planning strategy will be successful. Investing involves risk, including the potential loss of principal. Business valuations and sale outcomes may be influenced by various external factors and may not reflect the business owner’s expectations. Tax laws and regulations are subject to change, and strategies outlined may not be suitable for all individuals or entities. Consult with a qualified tax professional regarding your specific tax situation. Investment advisory services offered through Planned Financial Services, LLC, dba Return on Life Wealth Partners, an SEC-Registered Investment Adviser and separate entity from LPL Financial. For additional information related to our services, please visit https://adviserinfo.sec.gov/firm/summary/112879 Copyright © 2025 Planned Financial Services, LLC. All Rights Reserved.