New Tax Law: What CRNAs Need to Know about the One Big Beautiful Bill Act

Welcome to the Money RX for CRNA's podcast! Is the new tax law creating confusion or an opportunity for your retirement? This episode discusses the "One Big Beautiful Bill Act" (OBBBA) and what CRNAs need to know to optimize their financial future. 

Learn how recent legislative changes could impact your Roth conversions, RMDs, and more, helping you keep more of your hard-earned money.

Brett explores:

• Key provisions of the OBBBA and its relevance to CRNAs.
• Updates on Roth 401(k) and 403(b) rollover rules.
• Changes to Required Minimum Distribution (RMD) ages.
• New opportunities with 529 plan rollovers to Roth IRAs.
• How these tax law changes can enhance or alter your existing financial strategies.
• Mistakes to avoid when navigating new tax legislation.
• Actionable steps CRNAs can take to adapt their planning.
• Why professional guidance is important

Key Timestamps: 

(0:00) Welcome and overview of the One Big Beautiful Bill Act 

(1:00) Understanding the new tax law for CRNAs 

(2:11) Key provisions and their impact on your finances 

(3:33) Updates on Roth 401(k)/403(b) direct rollover rules 

(5:00) Important changes to Required Minimum Distribution (RMD) rules 

(6:44) New opportunities for 529 plan rollovers to Roth IRAs 

(8:22) Implications for your existing backdoor Roth strategies 

(9:56) Common pitfalls to avoid with evolving tax legislation 

(11:36) Actionable steps for CRNAs to adapt their tax planning 

(13:02) The essential role of expert financial guidance 

(14:26) Final thoughts on taking control of your financial future

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#CRNAs #TaxLaw #RetirementPlanning #FinancialFreedom #NewTaxBill

For more information and resources related to this episode, please visit the show notes.