Tax Planning in 2025: with Jeffrey Levine, CPA and CFP®

What happens when a single financial misstep derails your entire retirement strategy? In this thought-provoking conversation between Brad Pistole and financial expert Jeffrey Levine, we dive deep into the critical elements of retirement planning that most advisors miss.

Levine, who brings his unique perspective as both a CPA and CFP, explains why the new Tax Planning Certified Professional designation is experiencing record-breaking growth. The program fills a crucial gap between tax preparation and true tax planning – designing strategies that create the "lowest lifetime tax bill" rather than simply reporting history. This distinction becomes increasingly important as retirees navigate complex tax situations involving inherited IRAs, Social Security benefits, and RMDs.

The conversation unpacks recent tax law changes in the "One Big Beautiful Bill," highlighting the new enhanced deduction for seniors (up to $12,000 for married couples), increased SALT deduction caps (from $10,000 to $40,000 with phase-outs), and the introduction of the new "Trump Account." While these changes create planning opportunities, they also introduce challenges as these provisions interact with other aspects of retirement finances.

Perhaps most compelling is Levine's definitive stance on sequence of returns risk – "it is a real thing. Period, end of story." Those crucial years immediately before and after retirement can mathematically determine the success or failure of an entire retirement plan. As Levine explains, "If you've run out of money because your initial returns were bad, who cares if you have amazing returns in year 29 and 30?"

Whether you're approaching retirement, already retired, or planning for wealth transfer between generations, this conversation offers rare insight into protecting what you've built from market volatility, tax complications, and poor decision-making. As Pistole concludes with a powerful analogy about a million-dollar piece of farm equipment that crashed after one wrong turn, it becomes clear that navigating retirement without expert guidance is increasingly perilous.

Ready to protect your retirement assets and create a tax-efficient strategy? Call 866-780-SAFE for a free financial consultation and discover how to safeguard your financial future.

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