The Big Beautiful Bill
The David Lukas Show
In this episode, David Lukas breaks down the newly passed “Big Beautiful Bill,” a sweeping piece of tax legislation signed into law by President Trump. While headlines promise tax-free Social Security and permanent tax cuts, the truth is more nuanced. For retirees, especially those who’ve saved between $500K and $3 million, this bill creates a four-year window of opportunity for serious tax planning. David dives into: What the bill actually changed, and what it didn’t How the standard deduction and senior bonus deduction could shield up to $46,700 from taxes Why Social...
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The Retirement Tax Trap – And How to Avoid It
The David Lukas Show
will go down. Spoiler alert—they often don’t. In fact, many retirees find themselves paying more in taxes than when they were working. David walks listeners through the difference between mandatory and optional taxes, reveals why Required Minimum Distributions (RMDs) can cause major tax headaches, and explains how Social Security can be taxed up to 85%—unless you plan ahead. He introduces the Thrive Planning Framework, which includes proactive strategies like: Strategic Roth Integrations Avoiding the Tax Torpedo Planning around the Widow’s Penalty Shifting from micro tax prep...
info_outlinewill go down. Spoiler alert—they often don’t. In fact, many retirees find themselves paying more in taxes than when they were working.
David walks listeners through the difference between mandatory and optional taxes, reveals why Required Minimum Distributions (RMDs) can cause major tax headaches, and explains how Social Security can be taxed up to 85%—unless you plan ahead.
He introduces the Thrive Planning Framework, which includes proactive strategies like:
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Strategic Roth Integrations
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Avoiding the Tax Torpedo
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Planning around the Widow’s Penalty
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Shifting from micro tax prep to macro tax strategy
Whether you’re in your 60s and still working or already retired, this episode is packed with practical insights to help you keep more of your money and design a tax-smart retirement that thrives with purpose and clarity.
BONUS: David also shares upcoming dates for free educational dinner seminars in July and explains how you can schedule a 15-minute tax savings call or a full Thrive Evaluation.
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