What You Need To Know About the One Big Beautiful Bill (Ep. 31)
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A massive new tax bill quietly passed on July 4th, spanning 900 pages and packed with changes that could impact retirees, families, and professionals across the country.
In this episode of Retire to a Life You Love®, Michelle Gessner breaks down what really matters so you don’t get lost in the weeds. From standard deduction increases to SALT cap changes, new senior deductions, updates to 529 plans, and even the controversial “Trump account,” Michelle highlights the top eight provisions most likely to affect your finances today.
Most importantly, Michelle explains why understanding these rules now can help you plan smarter before it is too late.
What to expect:
- How the new standard deduction and senior deduction could lower your tax bill
- What the SALT cap expansion means for property and state taxpayers
- Updates to 529 education savings and how they compare to new “Trump accounts”
- Surprising temporary tax deductions for overtime earners, auto loan interest, and the expiration of the tax credit for EV buyers
Connect with Michelle Gessner:
- Gessner Wealth Strategies
- 713-589-6448
- LinkedIn: Michelle Gessner
- Facebook: Gessner Wealth Strategies
- YouTube: Gessner Wealth Strategies
About Michelle Gessner:
As a CERTIFIED FINANCIAL PLANNER™ professional, Michelle is passionate about building a life plan for her clients and helping them see that they have choices, which often comes to them as a pleasant surprise. She is an independent thinker and a huge advocate of her clients’ interests. Her greatest joy is working to do what is right for them and be their voice.
Michelle has a B.S. in Finance from the University of Colorado, Boulder, and an M.S. in Management from Boston University, Brussels. Growing up in Montana and moving to Colorado for college, she took out student loans and worked her way through all four years. After graduating in 1987 with honors, she accepted a job at Shell Oil in Houston and worked her way up the corporate ladder to a management position before leaving in 1992 for Brussels, Belgium, where she lived for 4 years. In Brussels, she learned about different cultures and basic conversational French, as well as pursuing and earning a graduate degree in management.
As a CERTIFIED FINANCIAL PLANNER™ professional, she is held to the highest standards set forth in the industry. She surrounds herself with a back office of experts in tax and investment research so that her clients have the best of both worlds: the resources of a large firm with the caring, dedication, and personal service of a small firm.