A new tax bill has officially passed (you’ve probably heard it mentioned as the “Big Beautiful Bill”). In this episode, Don breaks down what the newly signed bill actually means for retirees, pre-retirees, and anyone planning for their financial future. While the bill made headlines for its timing and optics, the real story lies in the planning opportunities it creates. Don walks through key updates, including the extension of current tax brackets, a higher SALT deduction cap, a new senior bonus deduction, and strategic opportunities for Roth conversions.

Here’s some of what we discuss in this episode:

🧾 What “permanent” really means in Washington tax law

📊 Extended tax brackets offer a rare window for low-tax Roth conversions

🧾 SALT deduction cap raised from $10K to $40K

💸 The new $12K “senior deduction” and its impact on Social Security taxes

💰 Estate tax exemption raised to $15M

⏳ Why 2028 could be a critical planning deadline

Get in touch with Don and learn more: https://doncashpodcast.com/

There’s a lot happening in the world right now- but quietly moving through Congress and the Senate is a major new tax bill. If passed, it could have a significant impact on retirees, investors, and families with larger estates. In this episode of Your Money and Your Life, Don breaks down the key provisions you need to know.

Here’s some of what we discuss in this episode:

📉 Proposed tax breaks for retirees over 65

🧾 Why Social Security is still taxable under the new bill

🏥 Medicaid changes and how they may (or may not) affect long-term care

🏛️ Clearing up confusion on potential estate tax updates

💡Cash Corner: planning moves to protect what you love

Resources for this episode:

New Jersey’s Estate and Inheritance Tax Episode:

https://yourmoneyyourlife.podbean.com/e/the-2025-social-security-increase-new-jersey-triple-tax-benefit/

Get in touch with Don and learn more: https://doncashpodcast.com/

We’ve all heard of FOMO: fear of missing out. But in 2025, a new investor emotion is taking center stage: FOGI, the fear of getting in. After watching market volatility, political headlines, and wild swings in interest rates, many investors are stuck sitting on the sidelines, afraid to buy back in, afraid to buy too late, and most of all, afraid of looking foolish. It’s not just about risk anymore. It’s about regret.

In this episode, Don discusses the emotional roadblocks keeping investors frozen, including timing fatigue and media panic cycles.

Here’s some of what we discuss in this episode:

🌀 What is FOGI and how it’s different from FOMO

💣 Why timing the market is so tempting… and so damaging

📢 The impact of media noise and headlines

🎯 What smart investors do instead of chasing or fleeing

🔄 Real strategies for getting back in without regret

Get in touch with Don and learn more: https://doncashpodcast.com/