Roth Conversion Opportunities in August 2025: Boosting Tax-Free Retirement Income
August 2025 brings a golden window for retirement planning, with Roth conversion costs dropping by 5% due to market dips and the permanent tax brackets from the Big Beautiful Bill. At Davenport & Associates, we see this is a chance to secure tax-free income. If you’re wondering “What are the best Roth conversion opportunities in… View Article
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New Long-Term Care Insurance Options in 2025: Estate Planning Implications
In 2025, long-term care (LTC) planning is more critical than ever, with 70% of seniors needing care that averages $100,000+ annually. A recent July surge shows a 10% increase in hybrid LTC insurance uptake, blending life insurance with care benefits. If you’re asking “What’s my plan for long-term care?” or “Is my estate plan updated… View Article
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Emotional Readiness for Retirement: New Studies Reveal a Confidence Gap in 2025
Retirement isn’t just about finances—it’s an emotional journey too. In 2025, new studies show a growing confidence gap, with only 11% of pre-retirees feeling emotionally prepared despite financial stability. If you’re asking “Am I emotionally ready for retirement?” or “How will I spend my time in retirement?”, this blog explores the latest research, common concerns,… View Article
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How to Leverage the Big Beautiful Bill for Retirement Income in 2025
The One Big Beautiful Bill, signed into law on July 4, 2025, is creating waves for retirees and those nearing retirement, offering new opportunities to boost retirement income. With a new $6,000 deduction for those 65 and older and permanent tax brackets, this legislation could reshape how you manage your finances. If you’re asking, “How… View Article
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How the Big Beautiful Bill Affects Estate Planning in 2025
The One Big Beautiful Bill, signed into law on July 4, 2025, brings permanent changes to the tax code that could reshape estate planning for families. With the estate tax exemption rising to $15 million per person ($30 million per couple) effective 2026, and new deductions for seniors and families, this legislation offers opportunities but… View Article
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Pros and Cons of Revocable vs. Irrevocable Trusts in 2025
In 2025, estate planning has never been more critical, with rising probate costs averaging 3% to 7% of an estate’s value and potentially up to 10% in some cases. As families navigate tax changes, Medicaid rules, and asset protection, trusts remain a cornerstone of effective planning. But which type is right for you: revocable or… View Article
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