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Most of my readers know how much our family appreciates and values attending our annual family retreat hosted by my father-in-law, Walter Weinstein. For five days, sons, daughters, spouses, children, grandchildren, and now great grandchildren gather at the Woodloch Pines Resort in Eastern PA for shared meals, birthday celebrations, and enough activities to delight and entertain the diverse crowd.

I have written about the positive impact of this reunion multiple times over the years. But I remember that my second most popular newsletter (the first being my remembrances of my mother after she died) was the one where I first wrote about this annual gathering: The Best Way to Spend Your MoneyPayTaxesLater.com/The-Best-Way-to-Spend-Your-Money.

Maintaining and strengthening these extended family relationships is particularly meaningful for me. Many of our daughter Erica’s friends deserted her after learning of her disability. But these annual gatherings cement her place in the Weinstein clan. Cindy and I love seeing her at these gatherings—it can be difficult to arrange time to see your grown children—but we also love seeing the cousins establish bonds of friendship and support. I know family will always love and help take care of Erica even after Cindy and I pass.

But what was most extraordinary about this year’s gathering were the plans we hatched to continue this annual tradition after Walter passes. That is the strongest testament to the value of his generosity and insight and will cement his family legacy.

None of us can afford to sponsor 29 individuals for five days at a fancy resort. The newly hatched plan that received unanimous approval is to continue the family gatherings in more modest venues. We are already looking at renting one or more Airbnbs or VRBOs not far from Cindy’s brother’s house.

I will happily report that many more clients are telling me of their plans for family gatherings funded by Grandpa or Grandma (or both). I do hope some of those decisions have been inspired by Walter’s example. That said, the biggest challenge is gathering the entire family together in the face of other family and work commitments. What has worked for us is scheduling the gathering in the same week every year so everyone has notice and can plan. It really helps that we all love this event and give it priority.

One way you might improve attendance is to mention to your family that you are updating your wills and trusts and that it is important to you that the entire family makes it to the family gathering.

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Dear Friends,

You deserve the best information available on the ramifications of the new massive legislation called One Big Beautiful Bill Act (OBBBA). Providing a comprehensive article on the most important provisions is well beyond my expertise. So, I have been fortunate to secure the reprint rights to what I consider the best article on the subject.

To read Breaking Down The “One Big Beautiful Bill Act”: Impact Of New Laws On Tax Planningplease visit: kitces.com/obbba.

About James Lange, CPA/Attorney

Jim Lange’s tax and estate planning strategies have been endorsed by The Wall Street Journal (36 times). He has authored 10 best-selling books. A well-known Roth IRA expert, Jim authored the first peer-reviewed article on Roth IRAs in 1998 which was published in AICPA’s journal, The Tax Adviser. He has authored five peer-reviewed articles in Trusts & Estates, and he is a regular contributor for Forbes.com.

Some of Jim’s books have become classics endorsed by the country’s top experts. Retire Secure! was endorsed by Charles Schwab, Larry King, Jane Bryant Quinn, and 50 other experts; The Roth Revolution, endorsed by Ed Slott and Robert S. Keebler; The $214,000 Mistake, How to Double Your Social Security and Maximize Your IRAs, endorsed by Larry Kotlikoff, Jonathan Clements, and Paul Merriman; The Retirement Plan Owner’s Guide to Beating the New Death Tax, endorsed by Burton Malkiel and Larry Swedroe; Retire Secure for Professors and TIAA Participants, endorsed by Roger Ibbotson and Stephan R. Leimberg, Esq.; and Retire Secure for Parents of a Child with a Disability endorsed by Tatyana McFadden and James M. Dahle, MD.

 

James-Lange

Disclaimer: Lange Accounting Group, LLC offers guidance on retirement plan distribution strategies, tax reduction, Roth IRA conversions, saving and spending strategies, optimized Social Security strategies, and gifting plans. Although we bring our knowledge and expertise in estate planning to our recommendations, all recommendations are offered in our capacity as CPAs. We will, however, potentially make recommendations that clients could have a licensed estate attorney implement.

Asset location, asset allocation, and low-cost enhanced index funds are provided by the investment firms with whom Lange Financial Group, LLC is affiliated. This would be offered in our role as an investment advisor representative and not as an attorney.

Lange Financial Group, LLC, is a registered investment advisory firm registered with the Commonwealth of Pennsylvania Department of Banking, Harrisburg, PA. In addition, the firm is registered as a registered investment advisory firm in the states of AZ, FL, NY, OH, and VA. Lange Financial Group, LLC may not provide investment advisory services to any residents of states in which the firm does not maintain an investment advisory registration. Past performance is no guarantee of future results. All investing involves risk, including the potential for loss of principal. There is no guarantee that any strategy will be successful. Indexes are not available for direct investment. If you qualify for a free consultation with Jim and attend a meeting, there are two services he and his firms have the potential to offer you. Lange Accounting Group, LLC could offer a one-time fee-for-service Financial Masterplan. Under the auspices of Lange Financial Group, LLC, you could potentially enter into an assets-under-management arrangement with one of Lange’s joint venture partners.

Please note that if you engage Lange Accounting Group, LLC and/or Lange Financial Group, LLC for either our Financial Masterplan service or our assets-under-management arrangement, there is no attorney/client relationship in this advisory context.

Although Jim will bring his knowledge and expertise in estate planning to this workshop and to the meetings, it will be conducted in his capacity as a financial planning professional and not as an attorney. This is not a solicitation for legal services.