The purpose of Retire With Style is to help you discover the retirement income plan that is right for you. The first step is to discover your retirement income personality. Your hosts Wade Pfau, PhD, CFA, RICP and Alex Murguia, PhD walk you through creating and implementing a retirement plan that will help you reach your goals, and that you’ll be able to stick with.
Start by going to risaprofile.com/style and sign up to take the industry’s first financial personality tool for retirement planning.
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The purpose of Retire With Style is to help you discover the retirement income plan that is right for you. The first step is to discover your retirement income personality. Your hosts Wade Pfau, PhD, CFA, RICP and Alex Murguia, PhD walk you through creating and implementing a retirement plan that will help you reach your goals, and that you’ll be able to stick with.
Start by going to risaprofile.com/style and sign up to take the industry’s first financial personality tool for retirement planning.
Episode 203: OBBBA and You, Part 3: Building, Passing, and Protecting Wealth Under OBBBA
Retire With Style
36 minutes
3 weeks ago
Episode 203: OBBBA and You, Part 3: Building, Passing, and Protecting Wealth Under OBBBA
This is the third and final installment of our discussion with Brett Layton, which explores key updates to tax laws, including estate tax limits, the alternative minimum tax, expanded uses of 529 plans, new “Trump accounts” for children’s savings, and changes to clean energy credits and business taxes. It emphasizes the importance of understanding these updates for effective financial and tax planning.
Takeaways
Estate tax limits are increasing, providing more leeway for wealth transfer.
Paying income taxes can strategically reduce your taxable estate.
The estate planning community has been advocating for higher exemptions.
529 plans are evolving to cover a broader range of educational expenses.
Trump accounts allow children to start saving without needing earned income.
The government will contribute to Trump accounts for eligible children.
Bonus depreciation for businesses has returned to 100%.
The first $15 million of capital gains from qualified small business stock is tax-free.
Understanding these tax changes is crucial for effective financial planning.
The complexity of tax laws continues to increase, necessitating careful planning.
Chapters
00:00 Estate Tax Changes and Implications
07:08 Alternative Minimum Tax and Its Impact
11:25 Expanded 529 Plan Eligibility
17:19 Introduction of Trump Accounts
29:42 Clean Energy Credits and Business Tax Changes
Links
Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it!
The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”
Retire With Style
The purpose of Retire With Style is to help you discover the retirement income plan that is right for you. The first step is to discover your retirement income personality. Your hosts Wade Pfau, PhD, CFA, RICP and Alex Murguia, PhD walk you through creating and implementing a retirement plan that will help you reach your goals, and that you’ll be able to stick with.
Start by going to risaprofile.com/style and sign up to take the industry’s first financial personality tool for retirement planning.
