The One Big Beautiful Bill Act has rewritten tax rules for millions of Americans, with many new provisions going into effect in 2026. However, some changes kick in for the 2025 tax year, and financial experts recommend being proactive now to strengthen your financial position. But figuring out which changes actually affect you — and what to do about them before Dec. 31 — isn't always simple. Here's what financial and tax advisors say you should prioritize before the clock runs out. 1. Front-load your ch ...

Turning 65 brings a lot of new milestones, but it also brings time-sensitive decisions and deadlines you might not know about. Linda recently retired after a 40-year career and assumed she could sign up for supplemental health coverage whenever she wanted. She didn’t know about the one-time, six-month Medigap enrollment window tied to Medicare. Must Read By the time she started looking into plans, her guaranteed enrollment period was nearly over — and she almost lost the chance to get affordable coverag ...

Core Insights - The individual is considering withdrawing $30,000 from a Roth IRA for a home project to avoid capital gains taxes associated with a nonqualified brokerage account withdrawal [1][4] - The individual is 65 years old, in the 35% tax bracket, and not planning to retire soon, which influences the decision on which account to withdraw from [1][4] Tax Considerations - Withdrawing from the Roth IRA incurs no immediate tax implications since the individual is over 59 ½ years old [4] - Capital gains tax rates for the brokerage account withdrawal would be either 15% or 20%, depending on filing status and income [4] - It is important to consider long-term tax and financial planning implications when deciding on withdrawals from different accounts [2][3] Financial Strategy - If the individual is not close to the top of the 35% income tax bracket, using the brokerage account for withdrawal may be more beneficial while income supports the current tax bill [7] - Tax-loss harvesting opportunities should be reviewed within the brokerage account to offset capital gains and reduce tax liabilities [7][8] - The assumption that tax rates will be lower in retirement may not hold true, as current rates are set to expire at the end of 2025 [5]