As you approach age 65, taxes become even more important to your overall financial plan. A new tax act introduces an additional $6,000 deduction for taxpayers aged 65 and older — but qualifying for it isn’t automatic, and the phase-out rules can significantly impact who benefits.

In This Episode, We Cover:

• What the new $6,000 deduction means for taxpayers turning 65 between 2026 and 2028
• Why the deduction applies whether you itemize or take the standard deduction
• Phase-Out Income Thresholds (Modified Adjusted Gross Income):
  • Begins: $75,000 (Single) / $150,000 (Married)
  • Fully Phased Out: $175,000+ (Single) / $250,000+ (Married)
• Why timing your Social Security could impact eligibility
• How Roth conversions can be used strategically before phase-out
• When it may make sense to realize gains by selling appreciated investments
• Why planning early can dramatically improve long-term outcomes

If You’re Turning 65 in the Next Few Years

This is the time to:

• Evaluate when to claim Social Security
• Map out a strategic Roth conversion timeline
• Review investment diversification and gain harvesting
• Plan proactively — not reactively

And you don’t have to figure it out alone.

Let’s Build Your Long-Term Plan

If you're approaching retirement and want to make sure you're capturing every strategic advantage available: → www.presiliumpw.com/contact-us

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Connect With Cullen: Cullen Martin, CFP®

Financial Planner, Presilium Private Wealth

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/cullen-martin-cfp%C2%AE-81218ab2/ Meet Cullen: https://www.presiliumpw.com/team_member/cullen-martin-cfp/

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.