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Hey, everyone.

Welcome to the Big Picture Retirement Show.

I'm your host, Devin.

Join today by John Ross.

Hey, John.

Howdy.

John, 26 is going to be one of those years that's going to have a lot of change.

When we're doing retirement plans, you know, we do this cash flow type of retirement plan where you can see the amount of taxes you're paying in retirement.

And there is a noticeable change in that year as we see the standard deduction go down,

the personal exemptions come back in, and the federal tax race increase some. Now, every time we

deliver one of these plans, we talk to these people and we say, look, we don't really know exactly

what's going to change. All we know is what the current law says. And the current law is that

the Trump tax cuts are going to expire at the end of 2025. So beginning in 2026, we know that taxes are going to be some different.

Now, some of the provisions may sunset. Some of them may not. I mean, let's face it, some of those

provisions really help the middle income earners. It's not all about tax cuts for the rich.

Right. Absolutely. There were some things in there that really help. So I don't expect all of the provisions to expire, but I do think,

depending on who's in office, some of them probably will. Well, and, you know, between now and 2026,

we have two things. We've got midterm elections, which are right around the corner.

And, and, you know, who knows what would come from that. And we'll have another presidential election

between now and 2026. And once again, who knows? So we could have power shifts. We could have

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