As the sun sets on the Tax Cuts and Jobs Act, the financial landscape for many, including our pilot community, is poised for significant changes. Join us as we dive into the upcoming tax reforms set for 2026 and how they may impact your finances.
Listen in as we discuss the anticipated tax increases, the rollback of certain deductions, and strategies to mitigate the impact. We’ll cover actionable insights such as Roth conversions and solo 401(k)s to help you prepare for the transition. Stay ahead of the curve and ensure your financial stability with our expert advice.
What You’ll Learn In Today’s Episode:
- The key changes in tax brackets and deductions post-2025.
- How the child tax credit and estate tax exclusions will be affected.
- Strategies for Roth conversions and maximizing your retirement savings.
- The benefits of solo 401(k)s and HSAs in the new tax regime.
- The role of annuities and life insurance in tax planning.
- Why understanding your tax obligations early can lead to better financial decisions.
Ideas Worth Sharing:
- “If you get your expectations in line early on, you may not be miserable when you start to pay your taxes in 2026.” – Charlie Mattingly
- “The definition of happiness is the difference between our reality and our expectations.” – Charlie Mattingly
- “I’ve always been a believer that annuities are good for very specific people.” – Kevin Gormley
Resources In Today’s Episode:
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