All Episodes

July 14, 2025 25 mins

There is a lot to cover in this episode, including new legislation that could impact your retirement.

Plus, 6 More Retirement Financial Myths to Avoid, and a listener with substantial assets who wants to know how to pay for a new car.

The OBBB

The One Big Beautiful Bill became public law on July 4, 2025. Included are:

  • Lower Tax Brackets Are Now Permanent
  • 
Larger Standard Deduction
  • New Senior Bonus Deduction (2025–2028)

  • Above-the-Line Charitable Deduction (2026–2028)

  • Expanded SALT Deduction

  • ACA Subsidy Planning Alert

  • New Car Deduction 


If you’re a client of ours - we’ll go into these changes in detail during our year-end appointments. If you really like the numbers, we’ll do a before & after to calculate your specific tax savings impacted by these changes. 


Article: 6 More Retirement Financial Myths to Avoid

This article by Sheryl Rowling from Morningstar addresses these six myths:

  1. You Should Never Make a Big Splurge in Retirement
    2. It’s Best to Give to Charity After You Die 
    3. Spending Less Is Always Better
    4. You Must Pay Off Your Mortgage Before Retiring
    5. Reverse Mortgages Are a Last Resort
    6. Your Biggest Financial Risk Is a Market Crash

Resource:
6 More Retirement Financial Myths to Avoid by Sheryl Rowling

 

Connect with Benjamin Brandt

 

Follow Retirement Starts Today in:
Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart

 Get the book!
Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

 

Mark as Played

Advertise With Us

Popular Podcasts

Crime Junkie

Crime Junkie

Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.

24/7 News: The Latest

24/7 News: The Latest

The latest news in 4 minutes updated every hour, every day.

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.