Tag: Legacy Planning
Understanding Tax Implications in Retirement Planning (Ep. 3)

Understanding Tax Implications in Retirement Planning (Ep. 3)

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Are taxes posing a threat to your retirement income? Are you prepared for the challenges of retirement planning, including taxation and legislative risks? 

Tim Whisler sheds light on the significant role taxes play in retirement planning. He emphasizes the importance of having a strategic plan in place to address taxes and how they can impact your retirement income. 

Tim discusses:

  • How critical is tax planning in retirement
  • Why is it essential to understand the tax classification of retirement assets for creating a withdrawal strategy
  • How does the Secure Act’s impact on inherited IRAs affect potential tax burdens for beneficiaries
  • Why is it important to design a tax-efficient strategy to minimize tax liabilities for beneficiaries and preserve wealth for future generations
  • And more

Connect with Tim: 

 Book a Call with Tim:

Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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Navigating RMDs and Adapting to Legislative Changes with Andy Ives (Ep. 2)

Navigating RMDs and Adapting to Legislative Changes with Andy Ives (Ep. 2)

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How well do you understand required minimum distributions (RMDs) and their impact on retirement planning? Are your plans up to date between the evolving regulations and your own changes in life?

Explore the nitty-gritty of required minimum distributions(RMDs) with Tim Whisler and his guest Andy Ives, IRA analyst with Ed Slott and Company. They discuss how recent legislative shifts could shake up your retirement planning strategies, from the CARES Act to the Secure Act’s new ten-year rule.

Andy touches on:

  • What are Required Minimum Distributions (RMDs)
  • What are the rules surrounding inherited IRAs
  • What changes in RMD rules were brought about by the Secure Act and Secure Act 2.0
  • Why is it important to understand beneficiary designations
  • And more

Connect with Tim: 

 Book a Call with Tim:

Connect with Andy Ives:

About our Guest: 

Andy Ives, CFP®, AIF®, IRA Analyst at Ed Slott and Company, has over 20 years of experience in the financial services industry where he has engaged in a wide range of duties. Andy was a relationship manager at a mutual fund company and sold short duration investment products to institutional clients. Ives wholesaled 401(k) record keeping solutions to financial advisors and direct to business owners. 

Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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