For nearly a decade, financial planners operated under an artificial clock: the scheduled expiration of the Tax Cuts and Jobs Act. Conversations revolved around sunsets and legislative risk, and planning was defensive.
The One Big Beautiful Bill Act (OBBBA), signed on July 4, 2025, ended much of that uncertainty. Individual rates, estate exemptions, and important structural provisions are now effectively permanent. Predictability shifts the advantage to advisors willing to engineer outcomes across decades instead of managing around April 15.
In a recent article for Barron’s, Tracy shared five structural shifts that will define the next era of financial planning.
Read Tracy’s complete article here.