Midland Hills Country Club
2001 Fulham St
Roseville MN 55113
Breakfast and Lunch will be provided
America has a 100 year history of taxes during which families have been coached to defer income taxes and to avoid probate and estate taxes Are the ideas of the last century beneficial today?
We are in the midst of a planning paradigm shift that will impact almost every owner and heir of an IRA or 401(k), Few families may now be subject to estate taxes. Yet because retirement plans do not step-up at death the pent up income taxes in retirement plans is about to bear fruit for the IRS.
Traditional estate planning does not reduce income taxes on retirement plans. In many cases the plan may actually increase income taxes. Learn how to protect client’s and heirs retirement funds from income taxes at death while you develop a new profit center.
Income tax planning for retiree and heirs
Tax regulations promote the reduction of income taxes with salary deferrals, adjustments, deductions, exemptions and credits. The tax reducing ideas implemented while accumulating just don't apply in retirement. Learn retirement plan distribution strategies that will put money into the pockets of your clients now!
Required distributions—–—-———>.Planned distributions
Mortgage deduction——-——–—-—>Mortgage elimination
Estate Planning———–—-—————>Beneficiary Planning
How to leave—————–—-———————->How to inherit
Tax free gifts————–————->Tax free IRA distribution
Tax deferral ———–———————->Pay lower taxes now
This class will change the way you think about financial planning. Tax SuperSheet™ case studies are included to illustrate the tax saving benefits of various strategies. We will also illustrate how to defend clients from the dangerous language buried deep inside of complex annuity contracts.
Estate Planning for owner and heirs
Retirement account owners may have unknowingly set tax traps for their heirs. Misplaced language in trusts and on beneficiary designations could amplify taxes when accounts transfer. The language of annuity contracts could deplete the value to heirs at death. Retirement plan custodial agreements may force unplanned distributions or their uninformed customer service representatives could misinterpret the contract language and lead heirs to catastrophic irrevocable errors.
Learn about the traps and how to find them in various estate, custody and annuity documents. Discover ways to defend owners and their heirs from inadvertent errors that permanently deplete estates.