OBBA
Some retirees won’t be able to take advantage of the new tax deduction
Are there taxes on Social Security benefits is the question that is asked all the time. The One Big Beautiful Bill Act introduced a new tax deduction for most retirees. However, there are certain eligibility requirements that you must meet…
“Trump Accounts” Hit the Street Running
The tax-advantaged savings opportunities created by the One Big Beautiful Bill Act offer a pathway to wealth accumulation that could help address a long-standing challenge for future retirees: the lack of financial resources to replace pre-retirement earnings when Social Security…
The nuts and bolts of the new tax deduction
When President Trump signed the One Big Beautiful Bill Act in July 2025, many seniors thought they would not have to pay taxes on their Social Security benefits; unfortunately, it did not eliminate taxes on Social Security benefits. However, for…
How Recent Congressional Moves Have Impacted Social Security’s Insolvency Timeline
The closer we get to the end, the sharper the pencils are that write the target dates for insolvency. In a Yahoo!Finance post yesterday by T. Woods, for example, cites the impact of the One Big Beautiful Bill’s tax-related provisions…