Reported 3 days ago
In light of the recently passed Big Beautiful Bill (BBB), retirees are encouraged to adjust their financial plans through three key strategies: updating tax withholding to benefit from federal tax-free Social Security until 2028, considering Roth conversions to take advantage of low income tax rates, and leveraging new charitable donation deductions. These moves could enhance their financial situation and facilitate wealth transfer to future generations.
Source: YAHOO