Tax Changes for 2025 | Ready Aim Retire Ep 32

With tax season approaching and major tax law changes on the horizon for 2025, it's time to get prepared. In this episode, Rob Kirvan and Tony Shore break down key tax updates that could impact your retirement, including adjustments to tax brackets, Social Security taxation, estate and gift taxes, and capital gains rates. They also discuss strategies to minimize taxes on your retirement income and how to prepare for potential changes in estate planning rules. Tune in to learn how to stay ahead of tax changes and protect your financial future.
Timestamps:
00:01 - Introduction and upcoming tax season
03:36 - Tax brackets and standard deduction increases
07:29 - Updates to long-term capital gains tax rates
08:17 - Social Security tax changes for 2025
11:37 - Understanding Social Security income taxation
15:03 - Estate and gift tax updates
21:47 - Illinois state estate tax and planning strategies
26:00 - Planning for taxes in retirement and estate preservation
📞 Want personalized financial advice? Reach out to Rob Kirvan at AP Advisors Group for guidance on preparing your portfolio, no matter the political climate!
👉 Call us at 630-780-1099
👉 Visit us at www.apadvisorsgroup.com
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