2024 Tax Guides
Below are two tax guides for your reference:
2024 Tax Guide (2pg)
2024 Tax Guide (6pg)
Sell high and protect them from the #1 retirement threat.
The stock market has been hitting all-time highs. Under the concept of “selling high”, perhaps it is time for clients to take some profits and place an income safety net under them? There are a number of retirement threats, but many consider longevity to be the biggest.
Qualified Longevity Annuity Contracts allow an IRA owner to transfer up to $200,000 to a longevity contract. This allows IRA owners to reduce their RMD and creates a lifetime stream of income starting later in life. Increased fixed rates make QLACs more attractive. Sample pricing is provided below.
Purchase a $200,000 QLAC at age 65 and start a monthly income at age 85:
Male – $9,700
Female – $8,200
Couple – $5,600
QLACs – Know the Facts
Estate tax planning is different.
In 2026 the current tax brackets and inheritance laws will sunset. There are 2 years left to talk with your high-net-worth clients regarding what they might want to do in advance of these changes.
Estate tax planning and income tax planning require different thinking. A Roth Conversion is one example of good income tax planning. However, the problem with a Roth Conversion from an estate tax perspective is that it is still included in the taxable estate.
Estate Tax Planning strategies require time and a lot of work. The below video will help you score with your HNW clients!
Estate Tax Planning for High-Net Worth Clients (VIDEO)
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