Episodios

  • Big Expenses During Retirement

    Big Expenses During Retirement
    Aug 2 2025
    Big expenses during retirement do happen, often unexpectedly. What are some of these expenses and what are some strategies retirees can use to manage the cash outflow without risking their overall retirement success?
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  • $6000 Bonus Deduction for Seniors Age 65 and Older

    $6000 Bonus Deduction for Seniors Age 65 and Older
    Jul 26 2025
    A $6,000 Bonus Deduction is part of the One Big Beautiful Bill Act. In this show we discuss the details of this new tax deduction, how it works, and some of the limitations. We also address the myth that this is an elimination of Social Security taxes.
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  • Gambling in Retirement

    Gambling in Retirement
    Jul 19 2025
    How tax changes in the One Big Beautiful Bill Act impacts winning gamblers. There are new tax rules about gambling winnings and losses in the One Big Beautiful Bill Act. In particular, the new rule limits using only 90% of gambling losses to offset gambling winnings. This could have a life-changing impact on certain people who do a lot of "gambling." Do you pay taxes on your gambling winnings?
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  • One, Big, Beautiful Bill Act's Impact on Retirement

    One, Big, Beautiful Bill Act's Impact on Retirement
    Jul 12 2025
    The "One, Big, Beautiful Bill Act" has just been signed into law, bringing significant changes that will impact your retirement. This episode breaks down the key provisions, from new tax deductions for seniors and permanent tax rate extensions, to potential shifts in healthcare and Required Minimum Distributions (RMDs). Tune in to understand how this sweeping legislation could reshape your financial future and what steps you need to take now.
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  • Millions Losing Health Insurance?

    Millions Losing Health Insurance?
    Jun 27 2025
    The House of Representatives is adjusting the One, Big, Beautiful Bill and some parts greatly impact our health insurance system. In particular, the ACA subsidies that many rely on to afford health insurance are being reduced or eliminated. Does this really mean millions will lose coverage?
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  • Social Security Insolvent in 2033

    Social Security Insolvent in 2033
    Jun 21 2025
    This episode confronts the stark reality of Social Security's projected insolvency in 2033, exploring what that means for current and future retirees. We'll delve into the potential implications of benefit reductions and discuss actionable strategies individuals can employ to bolster their own retirement security. Tune in to understand the challenges and discover potential solutions to navigate this critical financial crossroads.
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  • Age 70 for Full Social Security

    Age 70 for Full Social Security
    Jun 14 2025
    Social Security full retirement age is currently 67 and there is talk to increase it to age 70. Recently, the country of Denmark passed laws increasing their full pension age to age 70. Will the U.S. follow this lead to help secure the future of Social Security?
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  • Survivor Benefits - Automatically Switching

    Survivor Benefits - Automatically Switching
    Jun 7 2025
    If you are on Social Security and your spouse dies (or ex-spouse dies), do you automatically switch to the Survivor Benefit? In some cases, the switch is automatic, and in other cases it is not. In this show we discuss why it's important to consider not switching to Survivor benefits right away and also explain when the Social Security Administration will automatically make the switch for you.
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