June 2026 Newsletter - Market Outlook & Guidance

Dear Clients and Friends,

At TSN Wealth & Tax, we believe financial planning is about far more than managing dollars and cents—it's about faithfully stewarding the resources we've been entrusted with. In a world filled with constant headlines and market distractions, our focus remains on helping families build intentional strategies that support long-term goals, create generational opportunities, and maximize tax efficiency.

This month, we're highlighting three important topics that can have a meaningful impact on your financial future.

Beyond the Atmosphere: SpaceX, Private Market Valuations, and the Risk of Chasing Hype

Almost every week, investors are greeted with headlines about soaring valuations, disruptive technologies, and private companies reaching new heights. Companies like SpaceX continue to capture attention and imagination, making it easy to feel a sense of FOMO—the fear of missing out.

While innovation deserves admiration, investment decisions driven by headlines often lead investors into unnecessary risk. High-profile opportunities can be difficult to access, lack liquidity, and carry valuations that may not reflect long-term fundamentals. History has repeatedly shown that chasing the latest trend rarely creates lasting financial success.

A successful retirement isn't built on finding the next "home run" investment. Rather, it's built through a disciplined, diversified strategy aligned with your personal goals, risk tolerance, and timeline. When we allow news cycles to dictate our decisions, we often increase volatility and undermine the consistency that wealth building requires.

The Stewardship Perspective

Wise stewardship calls for patience, discipline, and clear judgment. Rather than reacting to every market headline, we seek to build portfolios grounded in sound principles and long-term planning. True financial confidence comes not from speculation, but from knowing your strategy is built to weather changing market environments.

Building a Generational Legacy: The New 529-to-Roth IRA Opportunity

Helping the next generation succeed is one of the most meaningful gifts we can provide. For years, many families were hesitant to fully fund 529 education savings plans because of concerns that unused funds might face penalties if a child chose a different path than traditional higher education.

Recent legislation has created an exciting new opportunity.

Eligible unused 529 plan assets can now be rolled into a Roth IRA for the beneficiary, subject to certain account age requirements, annual contribution limits, and lifetime rollover limits. This enhancement provides families with greater flexibility and transforms the 529 plan from solely an education funding vehicle into a potential long-term wealth-building tool.

Imagine helping a child or grandchild begin adulthood not only with educational support, but also with the foundation of tax-free retirement savings already in place. The long-term impact of decades of compounded Roth growth can be extraordinary.

The Stewardship Perspective

Preparing the next generation extends beyond paying for education—it involves teaching financial responsibility and creating opportunities that can benefit them for decades. Thoughtful use of the 529-to-Roth strategy allows families to maximize tax advantages while providing a meaningful financial head start.

The Silent Partner in Retirement: Capital Gains Tax Planning

When planning for retirement, many investors focus primarily on growing their portfolio. Equally important, however, is understanding how much of those assets will ultimately remain after taxes.

Capital gains taxes can become a silent partner in retirement, reducing income and limiting flexibility if withdrawals and asset sales are not strategically managed. A well-designed retirement plan considers not only investment performance but also tax efficiency.

Through integrated wealth and tax planning, investors can take advantage of strategies such as:

• Tax-loss harvesting

• Strategic asset location

• Coordinated withdrawal planning

• Intentional use of lower tax brackets

• Long-term capital gains management

These strategies can help reduce lifetime tax liability and improve the sustainability of retirement income.

The Stewardship Perspective

Tax planning is not about avoiding obligations—it's about being intentional and efficient. Every dollar unnecessarily lost to avoidable taxes is a dollar that cannot support your family, charitable goals, or long-term financial objectives. Good stewardship seeks to preserve resources and put them to their highest and best use.

Let's Connect

Whether you're already part of the TSN family or simply exploring ways to strengthen your financial future, we're here to help. Financial planning works best when it brings together investment management, tax strategy, and long-term goal setting into one coordinated approach.

If any of the topics discussed this month resonate with you—from navigating market uncertainty and creating generational wealth to improving tax efficiency in retirement—we'd welcome the opportunity to continue the conversation. Together, we can evaluate your current strategy, identify opportunities, and ensure your financial plan remains aligned with what matters most to you and your family.

At TSN Wealth & Tax, our commitment is to provide thoughtful guidance, proactive planning, and personalized solutions that help you move forward with confidence.