Tag: Tax Brackets
6 Tax-Smart Takeaways from the One Big Beautiful Bill Act (Ep. 98)

6 Tax-Smart Takeaways from the One Big Beautiful Bill Act (Ep. 98)

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Tax law changes are here, some good, some complicated. 

But one thing’s for sure: now is the time to adjust your plan.

In this episode, Josh Leonard breaks down the One Big Beautiful Bill Act and what it means for those nearing or entering retirement. From enhanced deductions to planning around RMDs and Social Security, he outlines six crucial areas that deserve your attention now.

Josh covers:

  • How slightly wider tax brackets may still trigger more taxable income due to Social Security inclusion
  • A new $1,000 charitable deduction for non-itemizers starting in 2026, and how to strategize around it
  • The $6,000 senior deduction and how to layer it with other tactics like Roth conversions
  • SALT cap increases and strategies for households earning $500–600K to reduce taxable income
  • The time-sensitive nature of these changes and how intentional planning can help offset future burdens
  • And more!

Resources:

Connect with Josh Leonard: 

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Capital Loss Harvesting vs. Capital Gain Harvesting: What’s Right for Your Retirement? (Ep. 69)

Capital Loss Harvesting vs. Capital Gain Harvesting: What’s Right for Your Retirement? (Ep. 69)

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Are you maximizing the potential of capital gains and losses in your retirement planning?

This week, Josh Leonard and Pete Belcastro dive into the often-overlooked strategies of capital gain and loss harvesting. You’ll learn the essential differences between capital loss and capital gain harvesting, why timing and tax brackets play a crucial role in your financial planning, and how these strategies can help minimize your tax liability, particularly in retirement. 

Join us for an informative discussion that could significantly influence how you manage your investments for a more secure financial future.

Josh and Pete discuss: 

  • Exploring Capital Loss vs. Capital Gain Harvesting: Understanding the fundamental principles and their implications for your tax strategy
  • Timing is Everything: Why the fourth quarter is critical for reviewing and adjusting your tax planning strategies
  • Tax Brackets: How these affect your decision-making on selling assets and realizing gains or losses
  • Retirement Focus: Tailoring these strategies to optimize tax savings and maintain financial health in your golden years
  • And more!

Resources:

Connect with Josh Leonard: 

Connect with Pete Belcastro: 

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