TransGlobal Wealth Clinic

Tax-Efficient Donations and Inheritance: Navigating RMDs Part II

How RMDs Help You Optimize Donations and Inheritance

Tax Benefits for Donations and Inheritance: QCDs and the Ten-Year Rule

Join us as we delve into the complexities of managing excess money in your retirement accounts, focusing on Required Minimum Distributions (RMDs). We will explore the intricacies of RMDs, the impact on your tax liabilities, and strategies to minimize tax burdens while optimizing your retirement savings. Whether you’re nearing retirement or planning for the future, this episode provides valuable insights to help you navigate the financial challenges of your golden years.

In this episode, we explore the essential aspects to consider when setting up a living trust as part of your estate planning strategy. By establishing a living trust, you can effectively avoid probate and ensure a comprehensive inheritance plan. The episode highlights five crucial factors that require careful consideration and preparation.

With the season finale, our speakers will help us highlight and understand previous historical moments in finance so that we can recognize the ways it has been mirrored in our pandemic situation.

In the second half, we discuss the relation between retirement and nursing homes, as well as how our desired retirement lifestyle affects the timeline for how we get there.

Retirement: It's the thing we all dream about. It gets brought up all the time, and it seems like there's so many paths to get there. Join us in part one of our discussion as we learn about the origins, ins, and outs. =)

As we revisit the topic of life insurance, we're now seeing the ways in which it has evolved from being a "death only" tool for someone else; it now provides you benefits even while you are alive.

In part two of our discussion, we get deeper into how we allow our options to not just be whimsical, but to be calculative and beneficial from a financial standpoint.

They say that successful people build towards a better tomorrow rather than thinking about today; let's take that idea and learn about futures and options.

You heard it said: there's strength in numbers. However, with your finances it can be cost-effective to keep things for me, myself, and I when applying it to a Solo 401k.