Certified public accountant Gene Marks discusses the One Big, Beautiful Bill’s potential economic benefits on ‘Fox News Live.’

Another year has gone by, and you may not have gotten your financial house in order. Whether you have been slacking or maybe not doing all you can, the new year provides an opportunity to start some financial best practices. Here are some easy places to start. 

Having money set aside (and hopefully compounding) for retirement is a good financial practice. If you have an employer that matches your 401(k) contribution, you should be maxing out that match, as it is basically free incremental money for you! 

In 2026, all major contribution limits will increase, including up to $24,500 for 401(k) contributions, $72,000 for employee plus employer limits, and $7,500 for traditional and Roth IRAs.

SCAMMERS TARGET RETIREES AS MAJOR 401(K) RULE CHANGES LOOM FOR 2026 TAX YEAR AHEAD NATIONWIDE

If you are over 50, look into adding a catch-up contribution (and if you are 60–63, those catch-ups are even larger)! 

Toast to the new year, but start it off right by making important financial resolutions. (iStock)

If you own your own business, including as a solopreneur, talk to your accountant or a third-party administrator (TPA) about setting up a........

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