2020 Lincoln Tax Commentary

Last year will go down as one of the quietest years regarding tax developments. The underfunded Internal Revenue Service (IRS) has dramatically reduced the amount of tax changes and is trying fewer tax cases than ever before. Congress has been deadlocked so barely any legislation has passed.

Download the 2020 Lincoln Advanced Sales Tax Commentary

Download the "Get Ready for a Tax-efficient Retirement" brochure

Use this worksheet with your clients to help them better understand how taxes affect their retirement plan and how to diversify assets, so they can keep more income and pay less in taxes when they begin distributions.

Opportunities for planning

In a survey, three of four high-net-worth consumers worry that tax policy changes could impact their retirement.* We have outlined planning opportunities along with the resources you need for working with clients on business planning, estate and legacy planning, and individual taxation.

Setting Every Community Up for Retirement Enhancement (SECURE) Act

On December 20, 2019, the president signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The following information is a summary of the main provisions that apply to retirement plans, including Individual Retirement Accounts (IRAs). The Act contains a number of provisions that are either immediately effective or retroactive.

Be prepared to discuss the following topics with your clients:

The SECURE Act at-a-glance

WATCH: Overview of the SECURE Act

Download the white paper: SECURE Act promises new life insurance opportunities

WATCH: Relocation: Replicating “Stretch IRA” Benefits with a Life Insurance Policy

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WATCH: Roth conversion: Fund an IRA conversion with life insurance

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WATCH: CRUT: Convert an IRA to a charitable remainder trust

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Estate plans after SECURE: retirement benefits payable to trusts

Agent training presentations

The SECURE Act and estate planning: Strategies for clients with IRAs

The SECURE Act and Life Insurance: Discounting the tax on the acceleration

The End of Stretch IRAs: What the SECURE Act changes mean