Educational Seminars & Client Events


  • Thu
    20
    Feb
    2020
    8:30 AM - 9:30 AMSilver's Bar & Grill 104 Euclid Ave. Park Ridge, IL 60068

     

    MORE EVENT DETAILS ON REGISTRATION PAGE

     

    The "Setting Every Community Up for Retirement Enhancement Act" (S.E.C.U.R.E. Act) has the potential to be one of the most impacting changes to the world of Financial Planning in the last two decades. It changes laws that relate to Retirement Account Contributions, Taxation, Inheritance, Income planning, RMD Requirements, and Charitable Donations. These complex revisions might possibly lead to further shifts in the treatment of IRAs and 401(k)s - influencing the future of Retirement Planning in as of yet unseen ways.

    We are most concerned about The SECURE Act's changes to inherited IRAs (including Roths) which could ruin your chances at leaving a Legacy for your children and grandchildren. The same concern also applies to any IRAs you might soon inherit from your family, which could potentially make a  huge tax impact on financial plans just like yours for decades to come.

    Fortunately, we believe that there are clear solutions to the challenges presented by The SECURE Act - but they must be implemented  proactively. We don't want you to be caught off-guard by changing laws or missed opportunities. This February 20th breakfast lecture will cover the key impacts of The SECURE Act and how you can adjust your financial plan to either avoid them, or even use some of these changes to your advantage.

  • Thu
    19
    Mar
    2020
    8:30 AM - 9:30 AMSilver's Bar & Grill 104 Euclid Ave. Park Ridge, IL 60068

     

    MORE EVENT DETAILS ON REGISTRATION PAGE

     

    With the S.E.C.U.R.E. Act essentially handicapping the tax-efficiency of inherited IRAs, much of the recent focus has been on finding replacement strategies for the grantors of such accounts - But what about the side of the family inheriting the IRAs? Unprepared inheritors run the risk of trusting now-outdated assumptions about how those gifted accounts will work and can overlook the benefits of better strategies. Worst case - the unplanned for, accelerated taxes might sabotage the security of their own retirement plan.

    In the above scenario, it is likely that most of the problematic taxes result from the legally-forced rapid spend-down of inherited IRAs - your Required Minimum Distribution (RMD) schedule. While there are a handful of strategies, that can reduce RMDs most revolve around donating IRA money to a qualified charity, gradual Roth conversions (too little too late in this case), or even delaying your own retirement.

    Enter the Qualified Longevity Annuity Contract (QLAC).  These game-changing products can allow you to defer distribution of a certain sum inside a Traditional IRA. The amount you set aside becomes immediately exempt from calculations of your current RMDs! The removed IRA funds then become the basis of an insured income stream that can be deferred all the way to age 85, if needed. This is potentially a powerful tool if used properly, especially by those who have to deal with unplanned large RMDs! To learn about the QLACs' power of flexibility in tax and income planning, please join us for breakfast on March 19th.

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