📌 The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor, or Attorney on your specific situation. Nothing shall be construed as Financial, Tax, or legal advice or recommendations.

 In this timely episode of The Confident Retirement, Kris Flammang and Collin Habig unpack the new "One Big Beautiful Bill" — a major piece of tax legislation that could shake up your financial plans. From higher estate tax exemptions to new deductions for tips and overtime, this episode breaks down what really matters for retirees, HENRYs, and high-net-worth families.
 ➤ The Trump-era tax cuts are now permanent, locking in lower income tax rates for many earners.
 ➤ Estate tax exemption increases to $15 million per person — or $30 million for married couples — providing more flexibility for wealth transfer and legacy planning.
 ➤ The SALT deduction cap rises to $40,000 for married filers and $20,000 for individuals, offering big tax savings for high-tax states like NY, CA, MA, and NJ — but only through 2029.
 ➤ A new Senior Deduction gives retirees an extra $6,000 (single) or $12,000 (married) in deductions, shielding more Social Security income from taxes.
 ➤ Tip-based and overtime workers can now deduct significant amounts — up to $25,000 in tips and $12,500 (or $25,000 for couples) in OT — giving working families rare tax relief.
 ➤ “Trump Accounts” for minors allow parents to save early for kids born between 2025 and 2028, with government seed money and tax rules similar to traditional IRAs.
If you live in a high-tax state, are approaching retirement, or simply want to optimize your 2025 financial strategy, this episode is full of actionable insights. It’s all about smart planning before year-end deadlines hit.
📲 Connect with LPF Advisors:
➤ Website: https://www.lpfadvisors.com/
➤ Connect with Kris Flammang: https://www.linkedin.com/in/kristopher-flammang-lpfadv/
➤ Connect with Collin Habig: https://www.linkedin.com/in/collinhabig/
➤ Connect with Armando Faucy-Smith: https://www.linkedin.com/in/armando-faucy-smith/

➤ Schedule a consultation to take your "money temperature" and create a personalized wealth-building strategy
➤ Subscribe to the podcast for more Smart Money strategies for HENRYs

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