The Big Beautiful Bill is Law. Here’s How Your Clients Can Take Advantage.

The National Mall wasn’t the only place to see fireworks in Washington this Fourth of July. Over at the White House, President Trump was making fireworks of his own as he signed the $3.3 trillion One Big Beautiful Bill into law. 

The legislation includes important tax changes that will impact many U.S. savers - including most of the clients you serve. 

• A permanent extension of the higher estate tax exemptions.
• A new tax deduction for older savers, offsetting the taxation of Social Security benefits.
• A permanent extension of the lower tax bracket rates passed as part of 2017’s Tax Cuts and Jobs Act.

So what do these changes mean for your clients - and how can we help them leverage this legislation to plan for a more successful retirement? 

I hosted a special webinar this week where I dove into the bill, its provisions, and (most importantly) how to communicate these changes to your clients and leverage them to help savers make smarter financial decisions. 

You can watch a recording of the webinar here. 

In it, I discuss the two distinct ways we need to evaluate this legislation - and taxes more generally - for our clients. 

The first is the near-term impact: What this legislation means for tax rates in the near term, and how savers may want to adjust their retirement strategies accordingly. 

Of course, none of our clients plan to live in retirement only for the next few years. Because retirement is a long-term endeavor, the long-term impact of this legislation and other economic, demographic, and fiscal trends are equally critical to evaluate and address.

I dive into both perspectives on the webinar here. 

(And because the legislation keeps today’s tax bracket rates low, it’s also an important time to offer your clients a more complete evaluation of taxes and IRMAA during Roth conversions. So be sure to check out Stonewood Financial’s new Roth Done Right software here. Yes, it’s a plug. But it’s a plug for software that will help you reduce your clients’ lifetime taxes in retirement, so the time is right to check it out.)

A lot has changed with the passage of the Big Beautiful Bill. 

But one thing has stayed the same: 

U.S. savers need better education about taxes in retirement, and how to diversify their assets for maximum protection. The Big Beautiful Bill gives us a unique opportunity to help our clients prepare for a tax-efficient retirement. 

Watch the webinar and let me know how you’re positioning the legislation with your clients.