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

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