The Impact of the One Big Beautiful Bill on Your Retirement: 1 Year Later

The One Big Beautiful Bill Act changed our tax brackets. Learn how to navigate the new rules and protect your retirement from hidden tax traps. Get your Modern Confidence Score: https://bit.ly/4wst8Cx  Meet with us: https://bit.ly/3RnQSsM Education center: https://bit.ly/3SR4FZg Video Chapters: • 0:00 - What is the difference between tax planning and tax preparation?  • 3:45 – How will my taxes change once I stop working and retire?  • 04:52 - What is the One Big Beautiful Bill Act? • 10:26 - How do I claim the new $6,000 Senior Deduction after age 65? Income rules for single and married households.  • 12:40 - How do I qualify for a 0% tax rate on $144,000 of stock dividend income? Combining deductions to eliminate capital gains tax drag.  • 14:36 - Reaction Video: who benefited from the OBBBA? By   • 19:35 – Don't Do That Segment: How a blind $80,000 IRA withdrawal triggers a tax trap.  • 23:27 - How do I prevent my qualified dividends from jumping from 0% up to 15%? Protecting boundaries from bracket creep.  • 31:59 - Is financing a new truck at 7% cheaper than withdrawing cash from my traditional IRA? Minimizing Medicare premiums via auto financing lines.  • 33:47 - How do I fill up my 12% tax bracket with Roth conversions before my RMD age cliff at 73? Defending your estate from future tax bombs.  Check out our other videos: https://youtu.be/KnyVDMmRj1g?si=H6uBeVdEdEwKH56n  https://youtu.be/kkO1bPbz6TA?si=vi9gxvb0XhzxpgFC   https://youtu.be/wcnhA3SQH3M?si=xAVw4xXZztX3XnN0   https://youtu.be/ZG3-XmhvWEs?si=eyypCj_XOL_oBsmP   Sources: https://www.modwm.com/maximizing-social-security-benefits/   https://www.modwm.com/retirement-tax-planning-after-the-one-big-beautiful-bill-act/   Committee for a Responsible Federal Budget. (n.d.). How Much Would OBBBA Pay For Itself?  https://www.crfb.org/blogs/how-much-would-obbba-pay-itself  H&R Block. (n.d.). One Big Beautiful Bill tax changes: How and when they impact you.  https://www.hrblock.com/tax-center/irs/tax-law-and-policy/one-big-beautiful-bill-taxes/  Internal Revenue Service (IRS). (n.d.). One, Big, Beautiful Bill provisions.  https://www.irs.gov/newsroom/one-big-beautiful-bill-provisions  Penn Wharton Budget Model. (2025, June 29). Senate-Passed Reconciliation Bill (OBBBA) Budget, Economic, and Distributional Effects.  https://budgetmodel.wharton.upenn.edu/p/2025-07-01-senate-reconciliation-bill-budget-economic-and-distributional-effects-june-29-2025/  Tax Policy Center. (n.d.). One Big Beautiful Bill: What We Know So Far. https://taxpolicycenter.org/taxvox/one-big-beautiful-bill-what-we-know-so-far  https://fiscaldata.treasury.gov/   ______ Investment advisory services offered through Modern Wealth Management, LLC, a registered investment adviser.  The views expressed represent the opinion of Modern Wealth Management, a Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.