Tag: RMDs
Preparing for Tax Changes: How the Expiration of the Tax Cuts and Jobs Act Could Affect Your Retirement (Ep.12)

Preparing for Tax Changes: How the Expiration of the Tax Cuts and Jobs Act Could Affect Your Retirement (Ep.12)

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Changes to the federal tax code could significantly impact your financial planning and retirement strategies.

What changes might be coming to the Tax Cuts and Jobs Act? How can you prepare for potential tax increases?

In this episode of Your License to Spend, Tim Whisler dives into the intricacies of the Tax Cuts and Jobs Act, exploring its impact on individuals and businesses and the uncertainties surrounding its expiration at the end of next year. 

Tim sheds light on proactive tax planning strategies in anticipation of legislative changes and helps listeners understand how to adapt their financial strategies in an evolving tax landscape.

Tim discusses:

  • The Tax Cuts and Jobs Act: Its impact on tax brackets, standard deductions, and child tax credits
  • Corporate Tax Benefits: How the Act provided tax cuts for corporations
  • Future Tax Planning: The importance of planning for potential tax increases and legislative changes
  • Retirement Strategies: Recommendations for maximizing 401(k) contributions and considering Roth conversions
  • And more!

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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

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 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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