Tag: Tax Reduction Strategies
Beneficiary Designations (cont.) – Estate & Legacy Planning, Part 2 of 6 | Ep #63
Show NotesGuest ProfileTranscriptView All EpisodesThe Crucial Role of Beneficiary Designations in Estate PlanningWhat You Need to Know About Beneficiary Designations Did you know that beneficiary forms override wills and trusts for many financial accounts? In this episode of Protecting and Preserving Wealth, we dive into why updating your beneficiary designations is essential for estate planning success. Key Takeaways from ThisRead more
Beneficiary Designations – Estate and Legacy Planning – Part 2 of 6 | Ep #62
Show NotesGuest ProfileTranscriptView All EpisodesBeneficiary Designations - Estate & Legacy Planning In the second installment of our estate and legacy planning series, we highlight the critical role of beneficiary designations in securing and managing wealth. Estate planning goes beyond wills and trusts; proper beneficiary designations on accounts like IRAs, 401(k)s, annuities, and life insurance determine where assets go upon death,Read more
Estate Planning Documents – Estate & Legacy Planning Part 1 of 6 | Ep #61
Show NotesGuest ProfileTranscriptView All EpisodesEstate Planning Documents - What You Need In this Protecting and Preserving Wealth episode, we’re kicking off our six-part series on estate and legacy planning. We dive into the critical steps of preparing for the Great Wealth Transfer—an estimated $84 trillion passing to the next generation by 2045. Of that, $72 trillion will go to heirs,Read more
#60 | Mitigating Taxes In a Concentrated Stock Position
Show NotesGuest ProfileTranscriptView All Episodes In this episode of Protecting and Preserving Wealth, we dive into managing the challenges posed by concentrated stock positions. When individuals hold significant investments in a single stock, such as Apple, Nvidia, or Tesla, they may face considerable capital gains taxes and financial risk. To address these concerns, we explore a range of tax-efficient diversificationRead more
#59 | What To Expect From Trump’s Second Term – Part 2
Show NotesGuest ProfileTranscriptView All Episodes In Part 2, of What To Expect From Trump’s Second Term, we take an in-depth look at the potential economic consequences of a Trump administration, honing in on key areas such as interest rates, tax policy, government efficiency, and immigration. Our discussion, led by Alex, Jason, and me, delves into the Federal Reserve's interest rateRead more
#58 | What To Expect From Trump’s Second Term – Part 1
Show NotesGuest ProfileTranscriptView All Episodes In the first part of our two-part series, we discuss the economic implications of Donald Trump's second presidential term, focusing on markets, regulation, energy, and inflation. With the election concluded, markets have responded positively to the reduced uncertainty, reflecting a renewed sense of clarity. We highlight how a Republican-controlled House and Senate could further enhanceRead more
#57 | IRA Changes with SECURE Act 2.0
Show NotesGuest ProfileTranscriptView All Episodes In this episode of Protecting and Preserving Wealth, we dive into the changes introduced by the SECURE Act 2.0, which has made significant modifications to IRA and trust regulations. Bruce Hosler and Alex Koury from Hosler Wealth Management explain the complexities and implications of these new regulations. The conversation begins with Bruce explaining the updatedRead more
#54 | Your Kids Can’t Convert Your IRA to a Roth
Show NotesGuest ProfileTranscriptView All Episodes It’s true, and in this episode of Protecting and Preserving Wealth, we focus on this crucial aspect of estate planning: converting your IRA to a Roth IRA before passing it to your children. We discuss the importance of making this conversion while you're alive because your children cannot convert an inherited IRA to a RothRead more
#53 | The Updated 10-Year IRA Rule for Beneficiaries
Show NotesGuest ProfileTranscriptView All Episodes In this episode of Protecting and Preserving Wealth, we delve into the updated 10-year IRA rule for beneficiaries, finalized by the IRS on July 18, 2024. Under the old Strech IRA rules, beneficiaries could stretch out Required Minimum Distributions (RMDs) over their lifetimes, creating a favorable tax strategy for passing on wealth. However, with theRead more
#52 | Securing Your Estate: What To Do Now with Jon Linford – Part 2
Show NotesGuest ProfileTranscriptView All Episodes In part two, with estate attorney Jon Linford, we discuss crucial estate planning considerations as we approach the 2026 sunset of the Tax Cuts and Jobs Act. The primary focus is on the significant changes to the estate tax exemption that will occur when the current law sunsets, reducing the exemption from $13.6 million perRead more
