Host: Doug Campbell
An update on Trust and Estates – John Schachtenhaufen
Karen Goersch, Financial Advisor will present. Introduced by John Schlachtenhaufen
- The Secure Act, passed in December 2019, has largely eliminated the ability for our beneficiaries to “stretch” our IRA over their lifetimes.
- Strategies and ideas to reduce your or your beneficiaries’ tax burden including:
- Qualified charitable distributions
- CHET 529 contributions
- Donor advised fund
- Roth conversion
- Will also discuss why these strategies can be helpful, including things like,
- Do you know your incremental tax bracket and what the next lower or higher bracket is?
- How reducing your Adjusted Gross Income can save you money on your Medicare Premiums and the “cliffs”
- Are you charitably inclined and might there be ways to “do good” and save on taxes? If giving to charity, do I give now or later?
- If I have more than I need, where does it go and how to ensure it goes where I want and most tax-efficiently
Video recording of Karen’s presentation: https://youtu.be/UVxZPh4mJGw
Qualified Charitable Distributions – FAQs and Checklist
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