The “One Big Beautiful Bill” and What It May Mean for Your Retirement (Ep. 40)

A sweeping new financial law dubbed the “One Big Beautiful Bill” is changing the rules for retirees and those nearing retirement. 

From tax deductions on Social Security to estate planning thresholds, Roth account changes, healthcare cost shifts, and updates to 529 plans, the legislation is reshaping the financial landscape.

In this episode, Jim Kruzan, CFP®, CRPC®, breaks down the details and explores how these changes may impact your retirement strategy. You’ll learn what’s staying the same, what’s phasing out and when, and how to plan smarter during this transition period.

Here’s what to expect:

• The new “senior deduction” and who qualifies
• How Roth account rules and RMDs may evolve
• Estate and gift tax updates for high-net-worth families
• Changes to healthcare and 529 plan planning
• And more!

Resources:

• One Big Beautiful Bill Act
• One Big Beautiful Bill Act: Tax deductions for working Americans and seniors (IRS)

Kaydan Wealth Management is not affiliated with podcast guests. The views shared are those of the host and guests and may not reflect the views of Kaydan Wealth Management. Content is for informational purposes only and should not be considered advice or a recommendation. Listeners should consult with their financial advisor, as well as legal and tax professionals, regarding their individual circumstances.