How the New Tax Law Impacts your Retirement Plans
August 1, 2025
The One Big Beautiful Bill Act (OBBBA) is a new tax law that introduces significant changes for both pre-retirees and retirees. Whether you’re getting ready to retire or are already retired, this law could affect your financial planning.
I’ve created an easy-to-understand OBBBA Summary Guide that highlights the key changes and how they impact your retirement planning:
- For Pre-Retirees: There are new opportunities to boost tax deductions, credits, and savings strategies as you get closer to retirement.
- For Retirees: The law includes updates that may change how you manage your retirement income, taxes, and estate planning.
This guide highlights:
- Adjustments to estate & gift tax exemptions, AMT, and more
- Expansions to existing tax deductions and credits
- A new category of non-itemized below-the-line deductions
- Adjusted rules across multiple tax planning areas
- Changes to IDR plans for federal student loans
If you’d like to discuss how the OBBBA affects your situation and retirement plan, I’m here to help. Schedule a FREE 15-minute Retirement & Tax Assessment Phone Call with me at your convenience.
