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 investing
- Expanded deductions and higher estate tax exemptions for seasoned taxpayers
- Permanent tax bracket structures, charitable deduction changes, and a major boost to the SALT cap
- Continued Qualified Business Income (QBI) deduction for small and mid-sized business owners
- Introduction of the “Trump Account” for children born 2025–2028, designed to jumpstart long-term investing
- Market watch: valuations, real estate slowdowns, Fed rate pause, and tariff impacts on corporate earnings
Whether 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.