Author: Karen Schaeffer, CFP®
Happy New Year! Need some suggestions to get your financial plan off to a great start? Just take a look at my suggestions from January 2024 – they have stood the test of time. Other than noting the higher limits for TSP and IRA contributions and increased age for Required Minimum Distributions, not much has changed in the world of financial planning advice.
Feels like time is moving more quickly these days. Perhaps the speed of technological advances has something to do with it. Am I the only one still trying to get used to saying 2025? If you have room to squeeze in one more New Year’s resolution, let me suggest making cyber security a priority.
As I’m sure you’re already aware, fraud attempts aimed at people like us are continuing to rise and becoming more sophisticated. We’ve been told to use strong, unique passwords, enable two-factor identification and keep software up to date. But now we must add be suspicious to the to-do list.
How? Slow down when you are online. Don’t click on unfamiliar links in emails or messages, especially if they ask for personal information or credentials. Verify the sender’s email address and look out for signs of mischief, such as poor grammar or unusual requests. A little education can go a long way. Be aware of common phishing tactics to recognize scams before interacting with them.
One of the biggest threats, according to a recent bulletin published by a large brokerage firm, is SEO abuse attack. Haven’t heard of it? SEO (Search Engine Optimization) occurs when scammers use sophisticated “spoofed” websites to convince users they are visiting legitimate sites owned by trusted businesses. While the bad guys are busy making phony sites, you can stay safe by:
- Avoid searching for a site: Use your saved bookmarks for visiting websites, especially financial ones, to avoid the risk of phishing and downloading malware.
- Utilize the app: Download your financial institution’s app and utilize biometric authentication if available. Note: be cautious to read reviews and check the number of downloads to ensure you’re downloading the legitimate app.
- Question urgency: Phishing attempts often create a sense of urgency. Take a moment to verify the information through official channels.
- Use secure networks: Access financial accounts only through secure networks and consider enabling multi-factor authentication where possible.
- Call to verify: If you have concerns about a site or link, it’s always best to contact the financial institution directly before taking any action, like downloading software.
Make 2025 a very good year by practicing sound financial planning and thoughtful, suspicious internet use. Finally, for easy reference, the 2025 contribution limits are below.
Cheers!


Karen Schaeffer, CFP® is the Managing Member and Co-founder of Schaeffer Financial LLC, a financial consulting firm in suburban Washington, D.C. She has been advising clients for over thirty-five years and has developed a diverse client base including professional women, Foreign Service Officers, foreign nationals, and Federal government employees. She has been presenting seminars for NITP for over 25 years.
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