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05.03.2022 - Tax Planning

Attendees Rating:

Excellent (90%)
Average (9%)
Below Average (1%)

Comments
Here are comments from listeners:
Great to have so many options summarized in one place, as the considerations by age and account type, method are so unique to the individual.
- Amy

A better understanding of the Rule of 55, NUA and SEPP (72t Dist)
- Patrick

Did not know the details of SEPP. Thanks for the IRS link! Excellent attention to detail as always. rockstar!
- Gordon

Great overview of points to consider in retirement planning - thanks
- James

Pension distribution ideas were great. Also ideas regarding Company stock in a 401(k)
- Paul

Rolling over a retirement account to take advantage of NUA into a taxable brokerage and reducing the IRA balance to reduce RMDs and taxes was new to me.
- Kiersten

Taxtools.com - Reinforced the notion of a "financial diet". i am trying to introduce this concept to my millennial clients.
- Cynthia
Tax Planning for an Early Retirement
Presented by Larry Pon, CPA,
Larry Ponn

In the past couple of years, we have heard a great deal about the Great Resignation.  Many are calling it the Great Retirement.   Many people are retiring before Age 59 1/2 and do not realize they may be subject to penalties if they take distributions from their retirement accounts.  What are the exceptions to the Early Distribution Penalty that may apply?  The IRS recently made it easier to take money out of retirement accounts before Age 59 1/2.  
Join Larry Pon, CPA for a review of the tax and financial planning issues you should consider for early retirees. He will also review the IRS' recent guidance that impacts early retirees, to include significant changes to Substantial Equal Periodic Payments (aka 72(t)). Larry will also address the rule of Rule of 55 and the often overlooked issue of NUA. 

Attendees Comments:

Here are comments from listeners:
Great to have so many options summarized in one place, as the considerations by age and account type, method are so unique to the individual.
- Amy

A better understanding of the Rule of 55, NUA and SEPP (72t Dist)
- Patrick

Did not know the details of SEPP. Thanks for the IRS link! Excellent attention to detail as always. rockstar!
- Gordon

Great overview of points to consider in retirement planning - thanks
- James

Pension distribution ideas were great. Also ideas regarding Company stock in a 401(k)
- Paul

Rolling over a retirement account to take advantage of NUA into a taxable brokerage and reducing the IRA balance to reduce RMDs and taxes was new to me.
- Kiersten

Taxtools.com - Reinforced the notion of a "financial diet". i am trying to introduce this concept to my millennial clients.
- Cynthia