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To convert, or NOT to convert – that is the question.

Putting the Shakespeare jokes aside – we are talking about the commonly debated Traditional IRA to ROTH IRA conversion. In the latest episode of The Rest Assured Podcast, David Schlossberg of Assured Concepts Group reviews five critical factors to consider.

A Roth IRA conversion is more than just a financial maneuver; it’s a strategic decision that could impact your retirement nest egg significantly. It involves transferring assets from a traditional IRA or employer plan into a Roth IRA, which allows your investments to grow tax-free over the long haul. Not just tax-free during accumulation like the Traditional IRA, but tax-free on the distributions as well.

Deciding on a conversion isn’t necessarily black and white. Just like with any financial decision, it’s wise to seek guidance from a knowledgeable advisor before taking the plunge, but today we will review some of the key things to consider.

Learn more at https://assuredgroup.com

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Join us for a quick update from the Rest Assured Podcast with David Schlossberg from Assured Concepts Group.

In this episode, David walks us through some timely insights on taxes for 2024, shedding light on how tax rates have evolved over the years and what it means for your financial planning. From the history of tax brackets to the benefits of Roth conversions, David provides valuable tips to maximize your savings and secure your financial future. Don’t miss out on this informative update – tune in now!

Learn more at https://assuredgroup.com

In the latest episode of The Rest Assured Podcast, join David Schlossberg from Assured Concepts Group as he breaks down the latest IRS rule notice 2024-35 regarding required minimum distributions for beneficiary IRAs.

Discover the implications of these changes and gain clarity on navigating your retirement accounts. Stay informed and empowered about your financial future!

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Welcome back to The Rest Assured Podcast episode where we dive into the intricacies of President Biden’s recently proposed 2025 budget, known as the green book. This comprehensive document, released on March 11th, 2024, outlines a plethora of proposed changes, particularly in taxation, that could reshape the financial landscape for individuals and businesses alike.

With an eye on tax adjustments, we explore how these proposals may specifically impact high-income earners, offering insights tailored to small business owners, investors, and affluent individuals. From potential shifts in capital gains taxation to revisions in gift tax regulations, each proposal carries implications that necessitate proactive financial planning strategies.

Furthermore, we examine proposed alterations to corporate taxes and the broader economic impact of these potential changes. Whether it’s the proposed increase in corporate tax rates or the implementation of excise taxes on share buybacks, the ripple effects extend far beyond individual finances, influencing investment strategies and market dynamics.

At the heart of our discussion lies the importance of foresight and strategic planning. By anticipating and understanding these potential policy shifts, individuals can position themselves for financial resilience and growth amidst evolving public policy landscapes.

Join us as we dissect the nuances of President Biden’s budget proposal and discuss actionable insights to navigate these potential changes effectively. Don’t miss out on the opportunity to stay informed and empowered in managing your financial future.

Learn more at https://assuredgroup.com

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Welcome back to the Rest Assured Podcast!

Did Sonny get whacked again?  This time by the IRS?

Join host David Schlossberg from Assured Concepts Group as we unravel the tax drama surrounding James Caan’s estate.

Discover how IRA rollover violations led to a hefty tax bill for the iconic Godfather actor’s heirs. Dive into the complexities of financial planning and IRS regulations in this gripping financial thriller!

In this Q1 report from Assured Concepts Group, three key themes are discussed: the resilience of the US economy, potential interest rate cuts by the Federal Reserve, and the impact of the presidential election on the stock market. Despite concerns of a recession in 2023, the US economy remained robust with decreasing inflation and strong consumer spending.

The report examines projections for interest rate cuts by the Federal Reserve and historical market performance in response to such cuts. Additionally, it addresses the uncertainty surrounding the presidential election and its minimal long-term correlation with market performance. The report emphasizes the importance of disciplined investment strategies amidst market volatility and geopolitical tensions.

Stay informed, stay disciplined, and focus on long-term financial goals.

The IRS is sounding the alarm bells in their latest Chief Counsel Memorandum (CCM) – AM 2023-006 (August 9, 2023), and we’re here to break it down for you on the Rest Assured Podcast. Join us as David Schlossberg, founder of Assured Concepts Group, deciphers the warning issued by the IRS regarding the proliferation of incorrect information surrounding “NICDS” (non-grantor, irrevocable, complex, discretionary, spendthrift trusts). The IRS is concerned about dubious tax and creditor protection claims being touted by various professionals, and they’re recommending audits of these trusts!

The CCM makes it clear: “In each case using this structure, as a threshold matter, the trust’s income tax returns should be examined…”

This episode is a must-listen, especially if you or your clients are in the high-net worth bracket. Tax trouble could be lurking, and we’re here to shed light on the issue.

📚 Additional Resources:

Download the IRS Chief Counsel Memorandum | https://assuredgroup.com/wp-content/uploads/2023/08/IRSCCMAM20230068923.pdf

Download the IRS Tax Notes on TikTok | https://assuredgroup.com/wp-content/uploads/2023/08/TaxNotesArticleTikTokPromotedTrust.pdf

Stay informed, stay secure. Tune in now!

#IRSWarning #TaxTrouble #NICDSTrusts #FinancialPlanning #RestAssuredPodcast

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by outside parties to provide information on a topic that may be of interest. These outside parties are not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Securities & Investment Advisory services offered through Assured Advisory Group, LLC., a registered investment adviser. Member FINRA/SIPC. 1141 E. Main St, Suite 215, East Dundee, IL 60118.

Investing involves risk including loss of principal. The information provided is not directed at any investor or category of investors and is provided solely as general information about products and services or to otherwise provide general investment education.

Join David Schlossberg, founder of Assured Concepts Group, in this insightful episode of the Rest Assured Podcast as he delves into the world of Qualified Charitable Donations (QCDs) from Individual Retirement Accounts (IRAs). Discover how you can make a lasting impact on both your retirement strategy and charitable causes dear to your heart. Tune in to gain expert insights on the tax advantages, strategic giving, and financial planning aspects of utilizing QCDs, and learn how you can optimize your philanthropic efforts while securing your financial future. Don’t miss this opportunity to navigate the intersection of finance and charitable giving with David Schlossberg’s wealth of knowledge. Watch now to ensure your retirement and charitable goals are met with precision and purpose.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by outside parties to provide information on a topic that may be of interest. These outside parties are not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Stay informed about the Schwab-TD Ameritrade merger with our latest video featuring David, your trusted financial advisor. David provides an overview of the merger and informs clients about the expected notices from TD Ameritrade regarding the transfer of their accounts to Schwab.

David addresses the timeline for receiving notices from TD Ameritrade about the account transfer process to Schwab. Stay up-to-date with the latest information as David keeps you informed about this important transition.

Video version of this episode available here.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by outside parties to provide information on a topic that may be of interest. These outside parties are not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Stay up-to-date with the latest RMD Financial update for 2023, as David Schlossberg, an esteemed financial advisor from Assured Concepts Group, brings you crucial insights based on the recent IRS relief granted to owners of IRA’s and Beneficiary IRAs. In this informative video, David breaks down the essential details about Required Minimum Distribution, helping you navigate the changes and leverage the IRS relief to your advantage. Secure your retirement planning with expert advice from David Schlossberg and Assured Concepts Group, ensuring a prosperous financial future. Watch now to discover the key strategies and updates for maximizing your retirement savings.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by outside parties to provide information on a topic that may be of interest. These outside parties are not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.