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Big Beautiful Bill: Top 3 Retirement Tax Changes Explained

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Manage episode 497519427 series 3477542
Content provided by Jude Wilson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jude Wilson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Big Beautiful Bill (BBB) passed on July 4th, bringing major changes that retirees and pre-retirees need to understand. In this episode, Jude breaks down the top 3 provisions most relevant to his clients and listeners: the permanent extension of marginal tax brackets, the increased standard deduction, and a new senior citizen deduction that could reduce taxes on Social Security for millions of retirees. These updates offer new opportunities for Roth conversions, long-term tax planning, and smarter retirement income strategies- if you know how to use them.

Here’s some of what we discuss in this episode:

📉 Marginal tax brackets extended, but not forever

🧠 Planning windows and why every tax law is written in pencil

🧾 Higher standard deduction simplifies filing for most

💬 Why “tax-free Social Security” didn’t make it into law

💰 New senior deduction may reduce taxes on Social Security income

Connect:

Website: https://centrusfs.com/podcast/

Call: 800-779-4592

Schedule your complimentary review with Jude: https://calendly.com/centruscalendar-/30min

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

  continue reading

141 episodes

Artwork
iconShare
 
Manage episode 497519427 series 3477542
Content provided by Jude Wilson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jude Wilson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Big Beautiful Bill (BBB) passed on July 4th, bringing major changes that retirees and pre-retirees need to understand. In this episode, Jude breaks down the top 3 provisions most relevant to his clients and listeners: the permanent extension of marginal tax brackets, the increased standard deduction, and a new senior citizen deduction that could reduce taxes on Social Security for millions of retirees. These updates offer new opportunities for Roth conversions, long-term tax planning, and smarter retirement income strategies- if you know how to use them.

Here’s some of what we discuss in this episode:

📉 Marginal tax brackets extended, but not forever

🧠 Planning windows and why every tax law is written in pencil

🧾 Higher standard deduction simplifies filing for most

💬 Why “tax-free Social Security” didn’t make it into law

💰 New senior deduction may reduce taxes on Social Security income

Connect:

Website: https://centrusfs.com/podcast/

Call: 800-779-4592

Schedule your complimentary review with Jude: https://calendly.com/centruscalendar-/30min

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

  continue reading

141 episodes

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