Advanced Markets Minute – Maximizing Retirement Income: Leveraging the New Senior Deduction to Reduce Voluntary Taxation

This edition of the Advanced Market Minute explores how retirees can leverage the new, temporary senior deduction from the One Big Beautiful Bill (OBBB) to minimize tax liability and longevity risk between 2025 and 2028. It provides strategies for coordinating withdrawals from taxable and tax-free accounts to maximize this deduction while avoiding income thresholds that trigger the taxation of Social Security and long-term capital gains.