The landscape of retirement planning underwent a dramatic transformation on July 4, 2025, when President Donald Trump signed the One Big Beautiful Bill Act (OBBBA). This legislation doesn't merely extend tax cuts—it fundamentally reshapes how Americans should approach retirement savings, particularly when considering Roth conversion strategies.
When John, one of my long-term clients, reached out with a question about required minimum distributions (RMDs) and sequence of returns risk, I knew he was touching on one of the most overlooked yet critical aspects of retirement planning. His concern was simple but profound: "What happens if I'm forced to withdraw money from my retirement accounts during a market crash?"
If you're 65 or older, the newly signed "One Big Beautiful Bill" could put thousands of dollars back in your pocket—but only if you know how to claim these benefits. On July 4, 2025, President Trump signed this sweeping tax legislation that specifically targets relief for America's retirees, and the changes are more significant than most seniors realize.
After fifteen years of helping retirees navigate their financial transitions, I've witnessed countless surprises emerge during those first crucial years of retirement. While most of my clients come to me well-prepared with solid savings habits and carefully calculated withdrawal strategies, there's one persistent challenge that continues to catch even the most diligent planners off guard.
Are you over 70½ with an IRA and a passion for making a difference? Then you've likely encountered one of retirement's most frustrating dilemmas: balancing your desire to support worthy causes with the reality of Required Minimum Distributions (RMDs) and their tax consequences.
Discover the power of donor-advised funds (DAFs) in revolutionizing your charitable giving. Explore their benefits, the strategic flexibility they offer, and how they work. Learn the steps to set up a DAF and unleash the full potential of your philanthropic efforts. Maximize your impact and make a difference today.
Choosing between Roth and pre-tax retirement accounts is an important decision for your financial plan. This article discusses factors to consider, such as timing of contributions, potential tax benefits, and withdrawal strategies. Explore approaches to help manage taxes and support your long-term retirement goals with informed planning.
Adjusted Gross Income (AGI) is a vital figure for retirees, impacting taxes, Social Security benefits, and more. This blog breaks down AGI, its calculation, and actionable strategies to reduce it. Learn how to optimize your retirement income and minimize taxes with smart AGI planning.
Donor advised funds are becoming more popular each year with investors. They help people to donate to charity while also receiving a tax benefit. Please keep reading to learn was a donor-advised fund is and if it could be right for you.
Capital gains taxes apply to more than stocks. And the amount you pay will depend on a variety of factors. Here's how capital gains taxes work and a few methods you can use for reducing them in retirement.
Considering a Roth IRA conversion? This blog explores the tax implications, potential benefits, and pitfalls of converting traditional IRA assets into a Roth IRA. Learn how this strategy can impact your retirement, tax situation, and financial future, plus tips on navigating this complex decision.
Discover how marginal tax rates affect retirees' finances. Learn about tax brackets, effective vs. marginal rates, and strategies to minimize taxes in retirement. Maximize your savings with our comprehensive guide.