In this episode, David Lukas breaks down the newly passed "Big Beautiful Bill," a sweeping piece of tax legislation signed into law by President Trump. While headlines promise tax-free Social Security and permanent tax cuts, the truth is more nuanced. For retirees, especially those who've saved between $500K and $3 million, this bill creates a four-year window of opportunity for serious tax planning.
David dives into:
What the bill actually changed, and what it didn't
How the standard deduction and senior bonus deduction could shield up to $46,700 from taxes
Why Social Security is still taxable for most high savers
Strategies like Roth conversions, donor-advised funds, and estate planning to protect your wealth
How to avoid hidden tax traps like IRMA surcharges and the widow's penalty
If you're between ages 60–75, this episode is a must-listen. Learn how to use the Thrive Planning Framework to respond strategically, before the window closes.
