Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
For most of us, financial planning and investing are intimidating and overwhelming subjects. There are so many elements to consider and so much information from a seemingly endless sea of voices. What if you could cut through the confusion to finally feel confident and in control of your finances? It’s time to get smart about money. In this podcast, you will hear Mike and Maddie have honest conversations about financial concepts and situations you might be facing right now, rules and best practices for you to follow, and how to make sense of the financial media - what you really need to know. You will also hear local Yardley and Bucks County businesspeople talk about their businesses, their successes, and their challenges.
Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 58 Breaking Down the One Big Beautiful Bill Act: What You Need to Know
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In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike break down the sweeping One Big Beautiful Bill Act, a new tax law signed into effect in July.
At 887 pages, this legislation makes several provisions of the 2017 Tax Cuts and Jobs Act (TCJA) permanent while introducing new deductions, exemptions, and planning opportunities for individuals, families, and business owners.
Mike, a financial advisor, CFP® practitioner, and estate planning lawyer, explains what these changes mean in practical terms, from permanent lower tax brackets and expanded estate and gift tax exemptions to new deductions for tips, overtime, and auto loans. They also cover the introduction of the Child Savings Account, updates to 529 education plans, charitable giving incentives, and critical business provisions such as QBI deductions, bonus depreciation, and succession planning strategies.
While some updates are permanent, many incentives expire in 2028, making proactive planning essential. Whether you’re focused on your family’s future, your business, or your legacy, this episode highlights what you need to know, and the steps to consider now.
