Earlier this year, President Trump signed into law the One Big Beautiful Bill Act (OBBBA, also called the Big Beautiful Bill or BBB). This sweeping legislation includes major changes to the tax code, deductions, credits, and other financial provisions.
Because many of its tax provisions affect individuals, families, and investors, it’s important to understand how OBBBA might impact your planning. In the table below we have highlighted some important changes that you should be aware of:
Tax laws and retirement planning rules change quickly. In just the last five years, we’ve seen major shifts through the SECURE Act 1.0, SECURE Act 2.0, the Inflation Reduction Act, and most recently the One Big Beautiful Bill Act. Each of these impacts how individuals should approach retirement, tax strategy, and wealth transfer.
As comprehensive, fee-only financial planners, we monitor these changes closely so our clients don’t have to. Our goal is to help you adapt, stay ahead of the curve, and give your retirement plan the best possible chance of success.
If you’re searching for fee-only financial advisors in Cary, NC or fee-only financial advisors in Chattanooga, TN who stay on top of these important updates, we’d love to connect and learn more about your goals.
This article highlights some of the most important information regarding the One Big Beautiful Bill Act (OBBBA) that President Trump signed into action earlier this year and how it could impact your financial plan.
If you’ve ever searched for financial advice, you’ve probably noticed that not all “financial advisors” are the same. Some sell products, some earn commissions, and some are legally required to put your interests first—while others aren’t. In this article, we’ll break down threeimportant terms you’ll often hear: fee-only advisor, fiduciary, and independent advisor.
A 529 plan is a tax-advantaged savings account designed to help families pay for education costs. These tax-advantaged accounts, are designed to help families cover education costs while also offering unique tax benefits.
