The $6,000 Annual Boomer Bonus | Queer Money Ep. 607
The $6,000 “Boomer Bonus” – fabulous tax break or political glitter bomb?Starting in 2025, Uncle Sam is dangling a shiny new $6,000 tax deduction for folks 65+, or $12,000 if you’re married. Sounds fabulous, right? Well… not so fast. In this episode, we unpack who actually benefits, how the phase-outs work, and why some in our community could see a nice boost—while others get stuck sipping house wine at The Abbey.💡 Takeaways from this episode:What the new $6,000/$12,000 retirement deduction really is (and isn’t).The income phase-out ranges that shrink your bonus.Real examples featuring single lesbians, married gay couples, and those bougie retirees with 1,000-thread count sheets.Why this isn’t a fix for Social Security (and how Gen X might get shafted… again).How to start planning so you keep more of your coins come retirement.🎧 Whether you’d use $6,000 for bills, travel, or a new pair of red-bottoms, this episode breaks down what this boomer perk means for you.Grab your Happy Gay Retirement Calculator for help starting your fabulous retirement plan. Mentioned in this episode:Get Your Portugal Golden Visa Faster Here!Want a European passport with access to living in nearly any European country? Just click the link below to find out how. Get Your Portugal Golden Visa Here!Get Your Portugal Golden Visa Here!