What Retirees Need to Know About Trump’s Tax Bill скачать в хорошем качестве

What Retirees Need to Know About Trump’s Tax Bill

President Donald Trump’s new tax bill has passed the House and is now heading to the Senate — with a goal of being signed into law by July 4th. For retirees, this could be a very big deal. In this video, we’re focusing on one key provision that could significantly impact retirement taxes for years to come: 👉 The extension of the larger standard deduction originally created under the Tax Cuts and Jobs Act. If these tax cuts expire at the end of 2026, the standard deduction will shrink and personal exemptions will return — but for most retirees, that swap would likely mean higher taxes. And the difference isn’t small. In this video, I break down: ✅ How the standard deduction works in retirement ✅ What happens if the 2017 tax cuts sunset ✅ Why most retirees would see their “tax-free zone” shrink ✅ A real-world retirement example (65-year-old couple with $1M IRA) ✅ The projected 10-year and 25-year cumulative tax impact ✅ Why this affects Social Security taxation, IRA withdrawals, and Roth conversions In our example, the difference over 25 years? Nearly $100,000 more in federal taxes if the tax cuts expire. This isn’t political commentary. It’s retirement planning reality. Whether the bill passes as written or changes in the Senate, this decision will impact: • Social Security taxation • IRA withdrawal strategy • Roth conversion timing • Long-term tax projections • Required Minimum Distributions (RMDs) As this legislation moves forward, I’ll continue providing updates focused specifically on what it means for retirees. If you want to stay informed and make smarter retirement tax decisions, make sure you’re subscribed. #RetirementPlanning #TaxPlanning #TrumpTaxCuts #StandardDeduction #RetirementTaxes ⭐⚠️⭐Please read this⭐⚠️⭐ ⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇