I'm 65+ with $1.5mm Saved for Retirement, did the One Big Beautiful Bill Act reduce my taxes? скачать в хорошем качестве

I'm 65+ with $1.5mm Saved for Retirement, did the One Big Beautiful Bill Act reduce my taxes?

PFR Nation, In this Whiteboard Fireside Chat I will discuss the implications of the One Big Beautiful Bill Act (OBBBA) on Social Security and retirement income planning. I’ll discuss how the changes impacted one of the couples we serve. They are both over 65 with just over $1.5million saved for retirement. I’ll also highlight 3 opportunities to take advantage of if you are in a similar situation as they are. We are just scratching the surface with OBBBA, so stay tuned for the podcast next Tuesday where I’ll have a deeper breakdown of the key issues that impact PFR Nation. Thanks for tuning in! Takeaways • Trump's new tax bill did not make Social Security tax-free. • Many retirees still face taxation on Social Security benefits. • Seniors over 65 are receiving significant tax breaks, particularly in the low to middle income households. • The standard deduction has increased for retirees. • Tax planning is crucial for maximizing retirement income. • Understanding tax brackets can lead to better tax outcomes. • Take advantage of your Roth conversion window. • Income sources impact tax liabilities significantly. Chapters 00:00Understanding Social Security Taxation 01:46 Impact on the Standard Deduction AND Senior Bonus Deduction by the One Big Beautiful Bill Act (OBBBA) 06:46 Breaking down our client's tax projections for 2025 12:23 Adjusted Gross Income impacts from the OBBBA 14:56 Tax Savings for each projection and the impact from the Big Beautiful Bill 17:58 3 Retirement Planning Opportunities for Seniors Post-OBBBA 20:30 Next Podcast and How Can We Help You?