When Congress passed the One Big Beautiful Bill Act in spring 2025, retirees and those nearing retirement took notice. Officially titled the Retirement Security and Healthcare Enhancement Act, this sweeping legislation aims to shore up trust funds, reduce prescription drug costs, expand tax credits and strengthen safety nets for older Americans.

Whether you’re five years from your first 401(k) withdrawal or already enjoying Social Security, understanding its provisions can help you adjust your strategy and position your portfolio for greater stability.

A stronger foundation for Social Security and Medicare

Social Security and Medicare face long-term funding challenges. The Big Beautiful Bill injects $200 billion into the Social Security trust fund and another $150 billion into Medicare

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