In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the newly passed tax legislation known as the Big, Beautiful Bill and its significant impact on retirement tax planning. They are joined by Taylor Wolverton, a Certified Financial Planner and Enrolled Agent, who breaks down how the standard deduction 2025 increase and new senior tax deductions can help retirees save thousands in taxes. If you’ve been wondering how the new tax bill 2025 affects your retirement income strategy, this episode delivers clarity, practical examples, and actionable tax planning strategies to help you make informed decisions.
Listen in to learn about how these 2025 tax law changes may influence your retirement planning. Taylor walks through a real client case study showing how the standard deduction increase and a special $12,000 senior deduction can dramatically reduce taxable income and create more retirement tax savings. Whether you want to plan for retirement, update your retirement checklist, or make adjustments to secure a better financial future, this episode will help you optimize your income tax planning and avoid leaving money on the table.
· How the Big Beautiful Bill changes the IRS standard deduction 2025 and what it means for retirees.
· Details about the new $12,000 senior tax deduction and who qualifies for it.
· How these federal tax deductions can reduce your taxable income and save thousands.
· Why your tax strategy for retirement must consider these 2025 tax law changes.
· Practical steps for using these updates to maximize retirement tax savings and plan for retiring comfortably.
“An increase in the standard deduction is an increase in tax-free income — meaning less taxes paid for the year.”
— Taylor Wolverton
“Good tax planning is all about control. The more you understand the rules, the better your chances of securing your retirement.”
— Murs Tariq
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
