In this special collaboration episode of Amplified Wealth, Austin Hagaman joins According to Plan co-hosts, Tom Farrell and Kate Fishbein to explore major changes from the One Big Beautiful Bill Act (OBBBA) - and what they mean for your financial plan.

Episode Highlights:

👶 Trump Accounts – A New Tool for Kids:
Learn about this new tax-advantaged account designed for children under 18, including how to qualify, the $5,000 contribution cap, and when to expect availability.

🎁 Charitable Giving Under OB3:
Discover new guardrails around deductions starting in 2026, including floors, caps, and key timing considerations.

🧓 Bonus Senior Deduction Explained:
Starting in 2025, seniors may receive a valuable new deduction - up to $12,000 for qualifying couples. But income thresholds apply, and this benefit sunsets after 2028.

🏡 State and Local Tax (SALT) Relief:
OB3 temporarily raises the SALT deduction cap from $10K to $40K through 2029 - but with phaseouts for higher earners. Learn how to maximize your deduction before it’s gone.

From planning for the next generation to maximizing deductions today, this episode is packed with timely tax strategies.

Timestamps:
00:00
Cold Open and Introduction
02:25
Understanding Trump Accounts
08:00
Trump Accounts - Investment Strategies and Compounding Benefits
19:25
Understanding the New Senior Deduction
24:50
Navigating Charitable Deduction Changes
36:30
Temporary Increase in SALT Deductions
51:20
SALT Deduction - Income Phaseouts
59:50

Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.

In this episode of Amplified Wealth: According to Plan, Kate and Tom get “back to basics” with a topic that impacts millions of retirees: Required Minimum Distributions (RMDs).

Whether you're approaching RMD age or just want to be prepared, we cover:

• The latest Secure Act 2.0 updates
• How to calculate your RMD
• Aggregation rules for multiple IRAs, 401(k)s, and inherited accounts
• When it might make sense to delay (or not)
• Charitable giving strategies like QCDs
• Tax impact, planning tips, and penalty pitfalls

Timestamps

00:00 | Intro – Fall Foliage Lesson, RMDs and Why They Matter
03:48 | What Is a Required Minimum Distribution?
07:40 | Tax-Deferred Growth and the IRS “Deal”
08:30 | Secure Act 1.0 and 2.0 – RMD Age Timeline
12:25 | Required Beginning Date – April 1 Rules
17:00 | How RMDs Are Calculated (Divisors, Tables, and More)
24:30 | Penalties for Missing Your RMD
26:35 | Aggregation Rules – IRAs, 401(k)s, Inherited Accounts
31:37 | Roth IRAs and Roth 401(k)s – RMD Exemptions
36:00 | Tax Withholding & Avoiding Surprises
38:30 | Impact on AGI, IRMAA, Social Security Taxation
40:22 | Qualified Charitable Distributions (QCDs)
43:03 | Taking RMDs In-Kind
48:04 | Timing & Coordination with Roth Conversions
51:06 | Still Working? RMD Exceptions for 401(k)s
53:30 | Final Thoughts and Key Takeaways

Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.

Listen to the replay of our Fall 2025 Market Update Webinar - and catch up on the market at your convenience. Originally recorded live on October 22nd, 2025 - we examine the crossroads of policy, inflation, and growth, and discuss strategies to help investors navigate the uncertainty ahead.

Markets wrapped up the summer on a strong note, fueled by expectations of Fed rate cuts, steady U.S. consumer demand, and easing inflation pressures. Still, concerns linger as a softer labor market, China’s slowdown, and ongoing trade policy headwinds raise questions about the durability of global growth and the path of inflation.

How long can the optimism last - and what could shifting economic conditions mean for equities, bonds, and international markets?

Here's what was discussed!

Introduction & Firm Overview (00:00:00)
AI Investment Boom - Spending, Risks, Bubbles and Discipline (00:04:00)
Valuations (00:24:55)
S&P 500 Index Profit Margin vs. P/E Ratio (00:28:21)
Consumer Sentiment (00:34:33)
Valuations - Deeper Dive (00:39:40)
Silver & Gold (00:48:30)
Govt Shutdown, Q&A and Closing Remarks (00:53:47)

Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.