Aug 1, 2025
There’s been a lot of noise around the One Big Beautiful Bill, an 887-page piece of legislation that just reshaped key elements of the tax code. But what does it actually mean for your retirement? In this episode, Jake and Nick cut through the headlines to explain what’s changing, what’s staying the same, and why this bill may be the biggest planning opportunity in years. Join us as we unpack some of the common myths, including confusion around Social Security taxes, and explain what high-net-worth families need to know about estate planning.
Plus, we dive into the extension of the 2017 tax cuts and bigger deductions for those over 65, changes that could directly impact how you plan, save, and retire. The bill brings real benefits, but only if you know how to use them. The choices you make in the next year or two could have a significant impact on how much you keep and how much goes to Uncle Sam.
Here’s what we discuss in this episode:
📉 Why taxes are “on sale” through 2028
🧾 Standard deduction boost for retirees over 65
🏛️ Federal estate tax thresholds made “permanent”
📚 Expanded uses for 529 plans (not just college!)
❌ The truth about Social Security taxes
⚠️ Medicaid and ACA cuts: what to watch
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