Join us for our holiday event! Come learn about relevant Personal Financial Planning topics and enjoy a festive networking reception with colleagues.
4pm - Registration opens
4:30 to 5:30 - 60-70 1/2: Social Security and RMD's presented by Evan Beach, CFP®, AWMA®, Director of Wealth Advisory, Campbell Wealth Management
5:45 to 6:45 - Estate Planning Under the New Tax Law presented by Melinda Merk, JD, LLM, CFP®, Partner, SageTrust Law Group
6:45 - Networking reception
2 CPE available - additional 1 hour CPE available via Special Interest Group Event just prior to the Chapter Meeting (3-4pm) Please see calendar and register separately if you wish to attend.
60-70 ½: Social Security and RMD’s:
At age 60, retirement planning tends to get a bit tricky. This is the earliest age widows and widowers are eligible for survivor Social Security Benefits. At 62, you become eligible for reduced retirement benefits. Somewhere between 65-67, you can claim full benefits. At age 70, your benefits will stop increasing. Meanwhile, at age 70 ½ the government requires you to start taking distributions from pre-tax retirement accounts. This class will walk you through the maze that is Social Security retirement income planning and the best strategies for how and when to take Required Minimum Distributions. It will also cover the domino effect these decisions can have on your taxes, Medicare and overall retirement plan.
Estate Planning under the New Tax Law:
Melinda will discuss the impact of the 2017 Tax Cuts and Jobs Act, as well as recent changes in local estate tax laws, on estate planning for clients. Although the increase in the Federal estate, gift and generation-skipping transfer tax exemptions removes many clients from the transfer tax net (at least until the law sunsets in 2026), important non-tax law issues remain including: planning for incapacity, asset protection, preservation of family harmony, legacy/trust planning, and income tax planning to preserve stepped-up basis at death, maximization of charitable deductions, etc. Flexibility is key in the current estate planning environment. The topic is especially important for aging baby boomers to ensure they have the proper documents in place to effectively carry out their wishes and accomplish their goals.