The 2025 Budget Bill — aka the “One Big Beautiful Bill” — is now law. But behind the headlines and hype, how does it impact your taxes, Social Security, Medicare, Estate plan, and healthcare costs?
In this episode of Friends Talk Money, Pam Krueger, Terry Savage, and Richard Eisenberg break down what really matters — no politics, no spin, just the facts that can help (or hurt) your financial future.
What you’ll learn:
- What the $6,000 senior tax deduction really does — and who qualifies
- Whether your Social Security will still be taxed
- Big changes to the SALT deduction and why it matters in high-tax states
- Updates to Medicare, Medicaid, and long-term care planning
- New tax breaks on car loans, overtime, and tips (but only for some!)
- How the $15M estate tax exemption could affect your Legacy
- A powerful HSA change most people haven’t noticed
Bottom line: If you’re retired or planning for retirement, this bill changes the game. Talk to your CPA, estate attorney, or Fiduciary financial advisor now.
Pam Krueger is an investor advocate, personal finance journalist, and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. Pam created and co-hosted the award-winning investor education TV series, MoneyTrack, seen on 250+ public stations on PBS. With over 25 years in the industry, Pam is one of the leading voices on financial literacy and financial empowerment. When she’s not writing about financial planning for Worth, she’s talking about investing strategies on her podcast, Friends Talk Money.
