As we move through the first quarter of 2025, we’ve had several clients, colleagues, and friends reach out with questions about recent market movements and the impact of tariff discussions on their personal financial plan. We’d like to address your most common questions and provide some perspective on what this means for your financial plan.

Understanding Tariffs

With all the talk of tariffs in the news, it’s leaving many investors asking:

What, exactly, are tariffs? And should we be concerned?

Tariffs are, essentially, taxes imposed on imported goods. When a country implements tariffs, importers are required to pay these additional fees when bringing specific foreign products into the country. These costs are typically passed along to businesses, and, eventually, to consumers.

Market Impact and Recent Volatility

You’ve likely noticed the markets have been up and down over the past few weeks. This volatility is partially driven by uncertainty surrounding tariff policies

Keep reading this article on Gen Y Planning , Sophia Bera - Blog.