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Retirement Roadmap
Is your retirement plan rock solid? At MasterPlan Retirement Consultants, we specialize in constructing retirement plans designed to meet the challenges you could face in the course of a 20, 25 or 30-year retirement - or longer. Our tax planning, income planning, Social Security maximization, estate planning, healthcare planning, pension maximization, long-term care planning and other strategies are designed to maximize your retirement savings and income, while minimizing taxes and protecting your assets from outside forces that can disrupt your retirement.
On this podcast, we share videos about the issues retirees face.
Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.
Retirement Roadmap
Tax Cuts Extended: What the One Big Beautiful Bill Act Means for Retirees
The new federal budget bill makes the 2017 tax cuts permanent, creates a temporary senior deduction, and raises estate exemptions, but also adds $3.4 trillion to national debt while cutting social safety nets. We explore what these changes mean for retirement planning and identify strategies to maximize the limited window of opportunity created by today's low tax environment.
• Tax cuts from 2017 now permanent, but historically "permanent" tax changes typically last only 8-12 years
• New senior deduction of $6,000 (single) or $12,000 (couples) for those 65+ available for tax years 2025-2028
• Estate tax exemption raised to $15M individual/$30M couples
• $1 trillion in cuts to Medicaid, Medicare and Affordable Care Act
• Required minimum distributions and tax rates likely to increase in future
• Projected $78 trillion shortfall in Medicare and Social Security over next 75 years
• Strategic Roth conversions during this tax window can provide tax-free growth and withdrawals
• Need for greater portfolio diversification beyond market investments
• Importance of planning for self-reliance as social safety nets weaken
Visit masterplanretire.com or call 770-980-9262 to schedule your complimentary consultation to discuss your retirement plan.
Have a topic or question you'd like Mark and Evan to address in a future episode? Email us at info@masterplanretire.com or call 770-980-9262.
https://masterplanretire.com/
Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes
Listen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3FM WFOM.
Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events
Purchase Mark's Book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime on Amazon.com https://a.co/d/4fx94Al
Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.