Retirement Planning Education, with Andy Panko #182 - "Hot topics" edition...Andy and Kevin Thompson talk about the One Big Beautiful Bill Act, the markets, IRMAA, senior exploitation and MORE!
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Dec 11, 2025 
Kevin Thompson, founder of 9i Capital Group and an expert in retirement planning, joins to discuss hot topics in the financial landscape. They dive into the complexities of the One Big Beautiful Bill Act and its implications for tax planning, particularly for seniors. The duo examines market dynamics, cautioning against overexposure to risky investments like private credit and SPACs. They also address IRMAA strategies and the importance of protecting seniors from financial exploitation, sharing what keeps them awake at night.
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Use The Temporary Bonus Deduction Strategically
- If you're 65+ and below the income phaseouts, consider doing Roth conversions to capture the temporary $6,000 bonus deduction per person.
- Don't let the bonus derail larger conversion plans if you already need substantial conversions for long-term tax reasons.
Itemizing Returns For Many Taxpayers
- The One Big Beautiful Bill increases SALT caps and will bring itemizing back for many taxpayers.
- That change complicates tax planning and projections for 2025 for retirees and advisors.
Fed Policy Drives Market Sentiment
- Federal Reserve rate moves shape market expectations more than fundamentals in the short run.
- Lower rates boost markets via a wealth effect but risk higher inflation later.