Most people serve a Champagne or sparkling wine for toasting! FYI, they are the same thing, except that sparkling wine is not made from grapes grown in the Champagne region of France.
These are the most common varieties, from the sweetest to the driest:
-Brut (the most popular)
Long stemmed flutes are the best for serving champagne it enhances the flow of bubbles, and the glasses should not be chilled in order to maximize your bubbly experience.
Be sure to sample your champagne prior to the big day. I'm sure you can find something to celebrate!
HAPPY NEW YEAR!