Sit down with Paul and Garrett of Ascend Investment Partners for a bi-weekly conversation about all things financial. Focusing on helping you plan, keep, and grow for a bright future.
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Sit down with Paul and Garrett of Ascend Investment Partners for a bi-weekly conversation about all things financial. Focusing on helping you plan, keep, and grow for a bright future.
EP.44 - What issues should you consider before and after the TCJA sunset provision occurs?
Your Investment Partners With Paul & Garrett
20 minutes 21 seconds
1 year ago
EP.44 - What issues should you consider before and after the TCJA sunset provision occurs?
In this episode, Paul and Garrett dive into the intricate topic of taxes, specifically focusing on the upcoming expiration of the Tax Cuts and Jobs Act at the end of 2025. They discuss the potential changes, planning opportunities, and strategies to prepare for this major shift. Key points include the importance of regular tax planning, the impact on retirement accounts, Roth conversions, estate taxes, and considerations for business owners. Listen in for valuable insights on how to handle your financial planning in light of these upcoming tax law changes.Key Points From This Episode:* Expiration of the Tax Cuts and Jobs Act in 2025 and its implications.* Importance of regular tax planning in response to life and law changes.* Potential benefits of Roth conversions before tax rates rise.* Strategic planning for required minimum distributions (RMDs).* Impact on inherited IRAs and accelerating distributions.* Business owners' considerations for bonus depreciation and Qualified Business Income (QBI) deductions.* Estate tax changes and the importance of planning for estates over $6 million.* Strategies for charitable giving and state tax deductions. Want to learn more? Contact us hereUseful LinksGarrett on LinkedIn (https://www.linkedin.com/in/ascendwithgarrett) (https://www.linkedin.com/in/ascendwithgarrett)Paul on LinkedIn (https://www.linkedin.com/in/paul-norman-81698291?original_referer=https://www.google.com/) (https://www.linkedin.com/in/paul-norman-81698291?original_referer=https://www.google.com/)Ascend Investment Partners (https://ascendinvestment.com/)
Your Investment Partners With Paul & Garrett
Sit down with Paul and Garrett of Ascend Investment Partners for a bi-weekly conversation about all things financial. Focusing on helping you plan, keep, and grow for a bright future.
