Parros Financial Group, LLC

04/20/2026

We are pleased to announce that we have joined forces with Wealth Enhancement. Read the press release here: https://www.wealthenhancement.com/newsroom/wealth-enhancement-announces-acquisition-parros-financial-group-hybrid-ria-over-118

To find news and updates on our team, please follow Wealth Enhancement

This partnership marks Wealth Enhancement’s first location in the Ann Arbor market and brings Wealth Enhancement’s total client assets to more than $146.5 billion.

03/03/2026

You might be paying more in taxes than you need to—and not even realize it.

From investment timing to account selection, small decisions can have a big impact on your total tax bill. Here are five areas to keep in mind this tax season.

03/03/2026

This year’s contribution limits are out — are you on pace to reach yours?

Now’s a great time to review how much you’re putting toward retirement or health savings. The Quick Reference Guide has the numbers you need to stay on track.



https://marketinghub.highland.com/m/2332369a219a444a/original/CF-Version-2026-Key-Tax-Numbers.pdf

12/09/2025

🚀 Big News for Your 2026 Retirement Plans! 🚀

The IRS announced new contribution limits for 2026 in November, and there's a lot to look forward to! Here's a quick breakdown:

🔹 401(k), 403(b), 457 Plans & TSP: Contribution limit increased to $24,500 (up from $23,500 in 2025). If you're 50 or older, you can contribute up to $32,500 annually!

🔹 IRA Contributions: Limit increased to $7,500. Catch-up contributions for those 50 and older are now $1,100.

🔹 Roth IRA & Saver’s Credit: Income phase-out ranges have increased, making it easier to qualify and maximize your savings.

🔹 SIMPLE Accounts: Contribution limit up to $17,000, with higher limits for certain accounts.

🔹 Medicare Part B: Monthly premiums will rise to $202.90, impacting how much of your Social Security COLA you'll see.

Stay up-to-date with details about your retirement savings! For full details, check out Notice 2025-67 on the IRS website.

With most retirement accounts, once you reach age 73, you must begin taking required minimum distributions. Roth accounts are the exception. Withdrawal penalties may apply if you take the money before age 59½. Roth IRA distributions must meet a 5-year holding requirement and occur after the account holder reaches age 59½.



Sources:
IRS.gov, November 13, 2025
CNBC, November 17, 2025
Please feel free to contact me for more details. 888-590-3668. Tim Parros

12/07/2025

Buckingham Palace is preparing to showcase the largest-ever exhibition of Queen Elizabeth II’s fashion, featuring more than 200 pieces from her seven-decade reign.

The display will include gowns from her wedding and coronation, alongside rarely seen designs by Norman Hartnell and Hardy Amies, who shaped much of the Queen’s signature style. Also featured are modern pieces by contemporary British designers inspired by her timeless aesthetic.

Beyond couture, the exhibit will highlight her personal wardrobe — from riding attire to raincoats and tweeds — reflecting a monarch who blended tradition, practicality, and grace.


Source:

The landmark royal exhibition will feature some 200 items — about half of them never publicly displayed before — that chart the monarch’s life and her historic 70-year reign.

12/06/2025

The Pleiades — often called the “Seven Sisters” — may be far bigger than previously understood. New research using data from NASA’s TESS mission and the European Space Agency’s Gaia spacecraft has revealed that the cluster contains thousands of related stars spread widely across the sky.

Scientists mapped stellar rotation rates to trace which stars share a common origin, uncovering an extended family of young stars that were once tightly grouped together. This approach may help researchers better understand how star clusters evolve and how our own solar neighborhood took shape.

It’s a fresh look at a familiar sight in the night sky, showing how much we’re still learning about the universe.


Source:

Astronomers discover the famous Pleiades star cluster could be 20 times bigger than we thought

12/05/2025

At times, 2025 felt like an extraordinary year for stock investors. From tariff uncertainty to international tensions to drama at the Fed, 2025 felt like no other year before. But in hindsight, 2025 was pretty ordinary. In fact, from a volatility perspective, there was nothing special about 2025 at all. In fact, through November, there were three drops of five percent and one drop of more than 20 percent. Both numbers generally line up with historical trends.

12/02/2025

The Centers for Medicare & Medicaid Services (CMS) has released the 2026 Medicare Part A and Part B premiums and deductibles for the upcoming year.

Here’s a look at the new figures:
▪️ Part B premium: $202.90 per month (previously $185)
▪️ Part B deductible: $283 (previously $257) before Original Medicare begins covering services.
▪️ Part A inpatient deductible: $1,792 (previously $1,676)

These updates take effect in January and reflect the latest adjustments from CMS. Individuals enrolled in Medicare may notice changes in their monthly costs or coverage details for the upcoming year.



Source:
CNBC, November 17, 2025

11/07/2025

Thinking about solar, EVs, or energy-efficient upgrades?

Several energy tax credits expire under the One Big Beautiful Bill Act including:
🚗 Clean vehicle credit
🏠 Residential clean energy credit
🔋 Energy-efficient home improvement credit

The IRS has published FAQs to help with eligibility and phase-out timelines.

Call for more information, but don’t make any changes until you speak with your tax, legal, or accounting professional.



Source: IRS.gov, September 16, 2025

11/05/2025

Starting in 2026, eligible taxpayers may deduct:
🔹Up to $25,000 in reported tips
🔹Up to $12,500 in overtime compensation ($25,000 if married filing jointly)

These deductions phase out for higher-income taxpayers.

Call for more information, but don’t make any changes until you speak with your tax, legal, or accounting professional.



Source: IRS.gov, September 10, 2025