July brought another all-time high for the S&P 500, continuing the summer’s steady market momentum. While headlines have been dominated by politics, the markets have remained largely unfazed, making room for the season’s biggest financial story: the “One Big, Beautiful Bill” that’s reshaping tax planning for Americans at every stage of life.In this month’s episode, Darlene Kuipers, Joey Ott, and special guest Josh Franken, CPA and Financial Planner, unpack what’s inside the bill, from Social Security deductions to new opportunities for small business owners, and what these changes could mean for investors and the market.In EP 07:S&P 500’s continued record highs and why calm markets still require disciplined investingExpanded deductions and higher estate tax exemptions for seasoned taxpayersPermanent tax bracket structures, charitable deduction changes, and a major boost to the SALT capContinued Qualified Business Income (QBI) deduction for small and mid-sized business ownersIntroduction of the “Trump Account” for children born 2025–2028, designed to jumpstart long-term investingMarket watch: valuations, real estate slowdowns, Fed rate pause, and tariff impacts on corporate earningsWhether you’re preparing your 2025 tax strategy, planning for your business, or building a portfolio that lasts, this episode offers clear guidance and a reminder: coordinated advice from your financial advisor and CPA can turn policy shifts into long-term opportunity.Disclosures This content is for informational purposes only and is not intended as tax advice. Please consult a qualified tax professional regarding your specific situation.Past performance does not determine future results. Securities offered through Harbour Investments, Inc. Member FINRA/SIPC. Investment advisory services offered through LVZ, Inc. LVZ, Inc. is a federally registered investment adviser. Learn more at www.lvzinc.com. This was recorded on July 25, 2025. This is provided for informational purposes only and should not be construed as investment advice. References to specific portfolios should not be considered a recommendation. At the time of this recording, LVZ, Inc. may hold positions in the companies mentioned. Data and analysis do not represent the expected future performance of any investment product or strategy. Sources: Tax Foundation. One Big, Beautiful Bill: Expensing, State Tax Conformity, and More. July 24, 2025. https://taxfoundation.org/blog/one-big-beautiful-bill-expensing-state-tax-conformity/USAFacts. What’s in the “One Big Beautiful Bill”? July 3, 2025. https://usafacts.org/articles/whats-in-the-one-big-beautiful-bill/U.S. Congress. H.R. 1 – One Big Beautiful Bill Act, 119th Congress (2025–2026). https://www.congress.gov/bill/119th-congress/house-bill/1/text