It's Ryan Preston, the money guy, restoring order to your financial chaos. Retirement. Investing. Taxing. You've got financial questions. He's got financial answers. It's Ryan Preston, the money guy.

I have a treat for all of you listeners today. I've actually got our guest host back from Mr. Brandon Werner from Werner Pearling & Company.

We'll let Brandon jump in here in a second. But first, I want to bring you up to speed. I know in a lot of these previous podcasts, because we are a growing family here of subscribers that I've tried to give you some insights on, you know, some of the things going on in my personal life as well as, you know, go ahead and do the subscriber mailbag and the subscriber emails.

And then we also typically do some articles. We're going to change some things up based upon your feedback. I've listened to what you guys have said.

And what I want to do for some of the people who are coming in and listening and want to get the main financial chaos topic and jump right back out. I'm going to change the format around in today's show.

And remember, this is the Brian Preston Money-God.com podcast where we restore order to your financial chaos. We're going to change around today to the fact that we're going to do the financial chaos topic first.

And then for those that want to stay around and listen to the listener and subscriber emails, and then we'll even possibly have an article at the end on which you need to be careful of at banks.

So with that, I'm going to go ahead and welcome Brandon. Welcome Brandon. Thanks for coming back and joining us. I think you did a great show. I will give this feedback that I had a subscriber who was very excited to hear that you're doing another episode with me.

Well, Brian, I appreciate you having me back. It's been a pleasure working with you.

And just for those that didn't listen to the first podcast with Brandon, Brandon helped us at the end of last year.

Or actually, right at the beginning of March, beginning of April, right is the filing of tax returns for individual tax returns. He helped us with just some last minute planning suggestions on how you can do your taxes.

You can always go back and look at some of our previous podcasts. You can go listen to that podcast and pick up something you might not have heard.

And also just here I entertaining Brandon is. But let me tell you something about Brandon.

This is what I said about him last time. I've worked with a lot of advisors out there and Brandon is not only we work together professionally. I did work at the first firm with Brandon that I went to write out of college.

But we also share a quants now and Brandon practice what he preaches. I know he saves what he's supposed to save. He has the life insurance that he's supposed to have to protect his family.

And he's doing everything he needs to be a responsible financial person out there. So I think that means a lot because you want to get that person that does what they say they're going to do and walks the walk and talks the talk.

And not just get the doctor that smokes or the accountant that can even balance their checkbook or run up credit card debt. So I think that's a huge compliment to Brandon.

Brandon, I'm going to let you kind of take over this thing. What we're talking about today. If you all heard two weeks ago that was May 17th President Bush went out there and signed a new tax bill that was done went through Senate and the House.

And it's going to make some changes and extend a few things that were left over. So Brandon tell us some of the highlights of this new tax bill.

All right, Brian. Well, as you mentioned, the president did sign the tax increase prevention and Reconciliation Act of 2005.

They've got to come up with good fancy names for all these things. But the key reason behind this bill is really to create some offsetting income to allow some of the provisions that were in the previous tax act to be extended.

A couple of things of note. They extended through 2010 the reduced rates on capital gains and dividends. These are long term capital gains and qualified dividends that will be taxed at a maximum rate of 15% through 2000 and eight previously. And now that's been carried through 2010.

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