How to Stop Pending Changes in Tax Laws from Taking Up to 1/3 of Your IRAs and Retirement Plans After the SECURE Act Part 1

In the first clip from Jim Lange's February 8th, 2020 afternoon session of his in-person workshop How to Stop Pending Changes in Tax Laws from Taking Up to1/3 of Your IRAs and Retirement Plans After the SECURE Act, is discussing;• How to avoid massive taxation of your plans after the SECURE Act.• Using Roth conversions to minimize taxes on your IRA income for decadesfor both you and your heirs.• How to optimize Social Security strategies in light of the SECURE Act.• Gifting strategies for maximizing IRA and retirement plan wealth after theSECURE Act.• The numbers behind some of our favorite strategies and why they work.While the morning workshop will concentrate on wills, trustsand IRA and retirement plan beneficiary designations, thissession will cover strategies that are also geared toward lifetimeplanning, though frankly, in reality, we look at retirement andestate planning as one continuum. By combining Strategic RothIRA Conversions, Social Security Optimization, and GiftingStrategies, you can help keep your wealth in your family...and out of Uncle Sam’s Hands!For years we have stressed that most of our clients desperately need tobe concerned with income taxes, including the income tax that will be duewhen your IRAs and retirement plans are distributed. Now, that incometax problem is on steroids.There are a lot of pro-active steps you could take now that will enhanceyour financial security as well as that of your children. We will explore avariety of strategies that will reduce the impact of the SECURE Act foryou and your family.• Roth IRA Conversions—though we have recommended Roth IRA conversionsfor many years, Roth IRA conversions and now Roth 401(k) andRoth 403(b) conversions are going remain to remain a critical tool to cuttaxes for you and your children.• Getting Social Security right is going to be more important than ever.• Gifting Strategies will come to the forefront with this new tax environment.In this workshop, we’ll explore different forms of gifting and thebest timing for gifting.If you're interested in attending any of Jim's free Retirement Webinars go to https://www.iraseminar.com/pgh for more information.