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.
In a survey, over 74% of consumers have not talked to a financial professional about ways to minimize exposure to taxes, even though concern is high on how a change in taxes may impact 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.
*Lincoln Financial, Monthly Consumer Sentiment Tracker, Dec. 2020.
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:
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
WATCH: Roth conversion: Fund an IRA conversion with life insurance
WATCH: CRUT: Convert an IRA to a charitable remainder trust
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