Life Lessons

Asking Powerful Questions 

Asking questions is a powerful way to lead yourself to deep understanding. Asking questions helps lead to personal breakthroughs. Asking questions is an important tool for effective listening, learning, understanding, gaining clarity and a useful tool to help develop a personal vision for yourself.

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Family Wealth

Considering the Roth IRA Conversion after the Secure Act 

Considering the Roth IRA Conversion after the Secure Act After the passage of the SECURE Act, in December of 2019, many laws were included that impact IRA inheritances, IRA distribution rules, and IRA and other Retirement accounts in relation to estate planning strategies. Please reference my previous article which discusses these areas at a greater length. But one area that has always presented planning opportunities, and still continues to do so, is the Roth IRA conversion. When we refer to…

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Family Wealth

The SECURE Act: Some Planning May Be Required 

Surprise! Surprise! In the month of December, 2019, Congress passed the “Setting Every Community Up for Retirement Enhancement” Act, known as the SECURE Act, and President Trump signed it into law. Although, this law does have some minor reliefs or enhancements within it, it pretty much throws out the “Stretch IRA” provision of the past. Overall, this new law can be viewed as another step to increase tax revenue by the forced acceleration of IRA or retirement plan withdrawals. Keep…

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