In this week’s Weekly Webinar, Mark and David McKnight go live to discuss important updates as well as talk about what you can be doing with your finances now to have a more tax-efficient retirement. They begin the webinar with a discussion on the Tax Cuts and Jobs Act of 2017 and what retirees can expect in the future once this legislation expires. David McKnight argues that while lower taxes is ideal, a raise in taxes is necessary if we want to avoid our nation going broke. This conversation then moves into a discussion on what is happening with the debt ceiling and what can happen globally if we default on our debt as a country. The men predict that come 2030, everything going on with the American economy will come to a head, threatening the financial stability of many Americans.
Moving on, Mark and David McKnight begin a discussion on whether or not it’s possible for Congress to make Roth IRAs taxable, and if they did, what that might look like for retirees in the future. David McKnight reflects on the ways that the government has raised and lowered tax rates throughout history, without using Roth IRAs to do so, stating that to tax Roth IRAs on the backend would be to break a promise that the government has made to its citizens. David McKnight also points out that Roth IRAs are something that both the government and citizens love, protecting it further from being manipulated.
Achieve a Tax-Free Retirement with These Tips from David McKnight
Later in the show, Mark and David McKnight take time to talk about how we’re currently in a rising tax-rate environment, making it all the more imperative to work towards a tax-free retirement to keep your finances protected. They guys discuss how important it is to educate yourself on modern ways of thinking when it comes to financial management and provide tips and strategies to transfer your assets from tax-deferred to tax-free accounts.
Each Tuesday at 10:00 a.m. (except Tuesdays that follow Market Holidays), I hold a Live Webinar where I discuss recent headlines, IRA and retirement issues from the Ed Slott Group, market updates and analyst reports, and a timely Financial Planning strategy or technique.
Please don’t hesitate email us with any questions you have or if you’d like to schedule an appointment with us. You can reach us at questions@attleborowealth.com.
Each webinar is indexed so you can jump to the section that interests you most or watch the entire broadcast.
Mark Byelich is a Certified Financial Planner™ practitioner and also holds the Accredited Investment Fiduciary® designations. He is a member of Ed Slott’s Master Elite Advisor Group. This exclusive group is comprised of nearly 400 of the nation’s top financial professionals who are dedicated to the ongoing training and mastery of advanced retirement account and tax planning laws and strategies.
Mark is committed to education and professional development in the financial services field and has been asked to speak by major news organizations and to his peers around the country about financial planning strategies.
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The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.
Attleboro Wealth Management, LLC is a Registered Investment Adviser. This program is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Attleboro Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Attleboro Wealth Management, LLC unless a client service agreement is in place.
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