Welcome to Episode 12 of the Retirement Planning Podcast with your hosts Darrin McComas and Jason Fox. In this episode, we dive into the new 'One Big Beautiful Bill' (O Triple B) act signed by President Trump, which makes the tax cuts from the Tax Cuts and Jobs Act permanent. We discuss how this crucial change provides a generational opportunity for proactive tax planning. Key highlights include examining historical tax rates, understanding new deductions and credits, especially for seniors, and the importance of being proactive in your financial planning. Learn how to maximize your tax benefits and protect your investments under the new law.
00:00 Introduction and Personal Updates
00:35 Overview of the One Big Beautiful Bill (O Triple B)
03:49 Tax Brackets and Historical Comparisons
07:27 Long-Term Capital Gains and Planning Opportunities
10:20 New Deductions and Credits
12:11 Senior Deduction and Tax Planning Strategies
17:15 Future Tax Risks and Proactive Planning
24:51 Conclusion and Call to Action
This podcast is for informational and educational purposes only and should not be considered a substitute for individualized financial, legal, or tax advice. Investing involves risks. Guest opinions are their own. Consult a professional before making financial decisions.
