meta_pixel
Tapesearch Logo
Log in
Money Guy Show

What You Need to Know About the New Tax Bill

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 11 June 2025

⏱️ 68 minutes

🧾️ Download transcript

Summary

A potential tax overhaul is on the horizon so we’re breaking down what it could mean for your finances. From deductions to credits and everything in between, we explain what’s likely, what’s noise, and how you can get ahead of it all. Plus, we tackle smart strategies for managing mortgage prepayments, 401(k) match tradeoffs, and more. ⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Ready to launch your business? Get started with the commerce platform made for entrepreneurs. Shopify is specially designed to help you start, run and grow your business with easy customizable themes that let you build your brand, marketing tools that get your products out there. Integrated shipping solutions that actually save you time. From startups to scaleups, online, in person, and on the go. Shopify is made for

0:22.8

entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.

0:35.2

I don't know if you guys have heard. There is a tax bill that's floating around out there.

0:40.2

We needed to tell you what's noise and what do you actually need to know.

0:43.8

Brian, I am so excited to talk about this because we know that the financial landscape is ever changing.

0:49.6

And there are only a few certainties in life.

0:52.4

Death and taxes. And this is super interesting because right now it sounds

0:57.5

like there may potentially could be some tax changes coming down the pipe and we want you to

1:03.1

know what they could be and how they might affect you. Now, I'll throw the dash of money guyism out

1:09.9

there is that we typically don't like to cover anything

1:12.9

until it comes through both sides of the legislative process, both the House and the Senate.

1:18.9

But there's so much out there in the news media. I told the crew, I was like, look, we've got

1:23.0

to cover something just to let people know. So just the, so we can express the fact that this still

1:29.3

is only half baked. We've got to get it through Senate. There's going to be horse trading.

1:34.0

The political process is always a mess. But I needed you guys to at least know some of the

1:38.2

broad themes that are going on so you can go ahead and start preparing yourself because it will

1:44.0

move fast.

1:44.8

Once the Senate and the House start doing their negotiations back and forth, it will start

1:49.4

moving faster. And we want to kind of give you the overarching parts that you can start planning

1:54.1

for your personal finances. And don't you worry, when we actually have law, we're going to cover

1:58.7

that. We're going to do a deep dive to let you guys know what's in there. But as we were thinking about this legislation, we're thinking about

2:04.6

what's so, okay, what would be an interesting way or an easy way to sort of lay it out for you.

...

Transcript will be available on the free plan in 3 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.