The One Big Beautiful Bill Explained | How New Tax Laws Impact Your Retirement

Are you maximizing your financial potential in retirement? In this episode of Invested in Faith, Certified Financial Planner Michael Wallin and host Bradford Hancock break down "The One Big Beautiful Bill Act," spotlighting how recent U.S. tax law changes could dramatically affect your retirement income, estate planning, and legacy.

Join us as we unpack:
The permanent changes in tax cuts from the Tax and Jobs Act of 2017, and what they mean for your bottom line.
How the significant standard deduction increase—especially for those 65 and older (an extra $6,000 for individuals, $12,000 for couples)—can be used to your advantage.
Smart approaches to Roth conversions utilizing your enhanced deduction to stretch your retirement dollars further—don’t leave “coupon money” unused!
The power of the permanent step up in basis and why it matters for your heirs and estate.
The critical importance of having proper estate documentation in place—including wills and powers of attorney—to protect your loved ones.

Michael and Bradford apply Biblical principles to real-world financial matters, ensuring your faith and money work together for a purposeful life. They share actionable insight on holistic financial planning, tax coaching versus tax preparation, and why true peace of mind starts with being proactive—never leaving your family’s future to chance.

Why watch:
Whether you’re nearing retirement or helping your parents organize their future, this episode is packed with actionable guidance, real examples, and clear explanations you can use today.

Have questions or a topic you want us to cover? Leave a comment or contact us directly using the details below!

Links & Resources:
Learn more, connect, or schedule a consultation: investedinfaith.com
Call for personalized advice: 1-855-378-1806
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TIMESTAMPS:

00:00 "Tax Reform Stability Achieved"

05:46 Tax-Free Benefit for Seniors' Retirement

08:27 "Step-Up in Basis Explained"

12:40 "Importance of Estate Planning"

16:34 Prioritize "Sleep Insurance" Now

17:54 Holistic Tax and Investment Planning

20:46 "Retirement Planning Contact Info"