224. How New Tax Laws Actually Affect Your Retirement Plan

In July of 2025, Washington passed the One Big Beautiful Bill Act, and it's changing retirement tax planning in ways most people haven't heard about yet. If you plan proactively, these changes could save you thousands on your retirement tax bill.But it's not just this one bill. Congress has been consistently changing the rules around retirement—from RMD ages shifting multiple times in recent years, to inherited IRA rules that caught millions of beneficiaries off guard. Every legislative session can bring new complexity to retirement planning.What we cover in this episode:00:00 Washington's Impact on Retirement00:32 The One Big Beautiful Bill Act03:54 The New Senior Bonus Explained08:26 Secure Act and Required Minimum Distributions (RMDs)10:46 The Inherited IRA 10-Year Rule15:36 Government Shutdowns: Social Security & Medicare18:24 Market Volatility & Your PortfolioThese legislative changes add complexity to retirement planning, but they also create opportunities for tax savings if you plan proactively.--Ready to take the next step? Schedule a RetireReady Call at https://bit.ly/4jEw8a5Get the tools you need to prepare for retirement with the Retire Your Way Toolkit: https://bit.ly/49bO1bi--Loren Merkle, CFP®, RICP®, Certified Financial Fiduciary®https://merkleretirementplanning.com/staff-members/loren-merkle/Clint Huntrods, Certified Financial Fiduciary®, PhDhttps://merkleretirementplanning.com/staff-members/clint-huntrods/Molly Nelson, Host of Retiring Today with Loren Merklehttps://merkleretirementplanning.com/staff-members/molly-nelson/--This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.Medicare services provided through MRP Insurance, LLC. Any and all other services related to insurance are an outside business activity and are not offered through or supervised by Elite Retirement Planning, LLC. MRP Insurance, LLC, is not affiliated with or endorsed by any government agency. This is an advertisement for insurance. By responding to the ad, you will be put in contact with a licensed insurance agent offering Medicare Advantage Plans, Medicare Supplement Plans, and Prescription Drug Plans. We do not offer every plan available in your area. Currently we represent [5] organizations which offer [22] products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.