Specific Steps That You Should Implement Now:

FREE Educational Webinars for Married IRA and Retirement Plan Owners with Large Retirement Plans and/or IRAs

Thursday, April 18, 2024

Register to attend 1, 2, or all 3 Free Workshops below.

Session #1:  10 am – Noon Eastern

Wealth Preserving Roth Conversion Strategies That You May Have Missed

This workshop will address critical fundamentals like “pay-taxes-later except for Roth plans” but, as a consequence of the SECURE Act, we introduce new exceptions to consider during the accumulation, distribution, and estate planning stages of your life. The SECURE Act restricts the time that beneficiaries can hold onto inherited tax-advantaged retirement/IRA plans. That means massive income tax acceleration for your children unless you and your heirs take protective action. We will also cover how to take advantage of the even more recent legislation SECURE Act 2.0 and introduce new cutting-edge Roth conversion strategies.

In this session, we will cover both foundational as well as little known advanced Roth conversion techniques…

• The peer-reviewed math and optimal timing for Roth IRA conversions.
• The back-door Roth IRA.
• How individuals born between 1951 and 1959 can profit from SECURE Act 2.0.
• How to move a portion of your taxable investments (IRAs and other retirement plans) to the tax-free investing environment (529 plans, your children’s Roth IRAs, and more). This shift could potentially be more valuable to your children than making Roth IRA conversions in your own accounts.
• Capitalizing on Roth IRA conversions through 2025 while favorable income tax rates remain and before the 2017 Tax Cut and Jobs Act’s Sunset Provisions take effect in 2026 and tax rates go up substantially.
• How you could benefit from the new rules allowing employers to contribute to an employee’s Roth retirement plan. (Previously, employers were only allowed to contribute to tax-exempt traditional plans.)
• We will also examine the timing synergy between when you begin taking Social Security and making Roth conversions.
  

And we’ll also cover advanced concepts for Roth IRA conversions including…

• How to transition after-tax dollars in retirement plans to a Roth IRA at no cost—potentially saving hundreds of thousands of dollars in taxes down the road.
• How to convert an inherited retirement plan to a Roth at your beneficiary’s tax rate, not your own, after you die. (This is a little-known strategy with big tax savings for those who qualify.)

Session #2:  12:30 – 2:30 PM Eastern

Outsmarting the SECURE Act: The Best and Most Flexible Estate Plan for Married IRA Owners, Combined with Optimal Trust Planning for IRAs and Retirement Plans

Successful retirement planning is critical, but if you don’t get your estate planning right, your family could lose hundreds of thousands in taxes. That can be prevented.
The SECURE Act is no friend to many IRA and retirement plan owners with $1 million or more in retirement plans. Unless you take aggressive action, it is likely that your loved ones will take a massive income tax hit upon inheriting any money from those plans. We will provide strategies to avoid massive taxation and explain how our disclaimer-based estate planning system fits into the picture. We believe it is the best estate plan for most married IRA and retirement plan owners.

We will combine our newest thinking with some of our classic strategies for protecting your children or grandchildren from themselves, but also creditors, possibly including their spouse.

Getting trusts right, particularly when the underlying asset is an IRA or retirement plan is crucial. In our reviews of trusts of this type, more than half the trusts we examine are not done right. This common estate planning mistake can be devastating for families with a large IRA and who prefer leaving money to one or more beneficiaries in a trust rather than leaving it to them outright. This could be a minor’s trust, a spendthrift trust, or an asset protection trust. This workshop shines a light on this common sloppy and costly estate planning errors and how you can avoid them.

In this session, you’ll discover… 

• How Required Minimum Distributions (RMDs) of inherited IRAs and retirement plans were so advantageous under the old law in sharp contrast to the onerous rules in the SECURE Act.
• How the SECURE Act and the SECURE Act 2.0 changes could impact your family and your legacy.
• How to ensure financial security for the surviving spouse, and potentially save hundreds of thousands to pass on to your heirs after the SECURE Act.
• The details of the best (and most flexible) estate plan for married couples known as Lange’s Cascading Beneficiary Plan™.

We’ll also dive into trust planning strategies, including…

• The pros and cons of having your heirs inherit your IRA and other retirement assets directly versus through a trust.
• Why, under certain circumstances, naming a charitable trust as the beneficiary of IRAs and retirement assets might be an excellent strategy.
• The growing popularity of the “I don’t want my no-good son-in-law to inherit one red cent of my money” trust.
• A rarely discussed strategy―Who Gets What?—evaluates the tax advantages of leaving differing types of assets to children depending on their tax brackets. We will cover a similar strategy for charitable giving. By optimizing your strategies using our Who Gets What? analysis, you could save hundreds of thousands of dollars in taxes.

Session #3:  3 – 5 PM Eastern

A Live Q&A with Jim Lange, CPA/Attorney: Your Questions Answered on Roth IRAs, Minimizing Taxes, and Estate Planning

This is your opportunity to have your financial questions answered by Jim Lange. Questions can be submitted in advance of this webinar, but Jim will also be answering questions live from the audience.