This episode provides an overview of significant changes to tax laws announced on July 4th, 2025. Key points include the permanency of temporary tax laws from 2018, slight increases in standard deductions, and significant increases in the state and local tax (SALT) cap from $10,000 to $40,000. Additional updates include adjustments to charitable contribution deductions, new senior tax deductions, auto loan interest tax deductions, and child tax credits. Other notable changes include the expiration dates for electric vehicle and home energy efficiency tax credits, as well as the introduction of new investment accounts for newborns.

In this podcast episode, Lucas Casarez interviews Rizel Scarlett about her journey into the tech industry, her experiences with family life, and her insights on community building and leadership.

Rizel shares her background, starting from her challenges as an undocumented immigrant in college, transitioning into tech through programs like Resilient Coders, and eventually securing roles in tech companies.

She discusses the importance of learning in public and building a professional network through social media and community involvement.

Rizel also talks about balancing her career with motherhood, emphasizing the need for clear communication with her spouse and employer to manage expectations.

She highlights the value of community support in overcoming career challenges and shares her approach to leadership development by learning from mentors and managers.

The conversation underscores the significance of stepping out of one's comfort zone to achieve personal and professional growth.

Should You Cash Out Your 401(k) Retirement Account?

In this episode of Techie Personal Finance Bootcamp, we explore the critical question of whether you should withdraw from your 401k. We discuss common reasons for considering a withdrawal, such as emergencies and market fears, and highlight the financial downsides, including taxes and penalties. The episode also covers alternative solutions like 401 (k) loans and emphasizes the importance of informed decision-making to avoid long-term financial stress.

00:00 Intro
06:24 10% Penalty
07:04 Federal & State Income Taxes
08:27 Special ROTH Features To Avoid Penalty and Taxes
09:04 Less Resources, Less Time To Build It Back
11:53 401 (k) loan alternative
13:10 Different Exemption Rules To Be Aware Of
14:03 Separation after age 55
15:24 Home Equity Loan/ Line of Credit
17:20