Thomas F. Lowry, RFC, CRPC of Georgia Wealth Advisors, LLC recently completed his semiannual training from America’s IRA Experts with Ed Slott and Company, LLC in Coronado, California.
The workshop, attended by members of Ed Slott’s Elite IRA Advisor GroupSM, provided in-depth technical training on advanced retirement account planning strategies, estate planning techniques and new tax laws. This timely insight comes as the eldest of baby boomers begin taking their government mandated distributions from their retirement accounts this year, known as required minimum distributions or RMDs.
“About 2.8 million Americans turn 70 in 2016 and will be the first wave of baby boomers that will lead the way in tackling a new retirement challenge – required minimum distributions. These mandatory distributions start once a taxpayer turns 70½, but many factors should be considered when timing your first withdrawal, including your income level, taxes and even your birthday,” said Ed Slott, CPA, founder of Ed Slott and Company and a nationally recognized IRA expert. “RMDs can be difficult to navigate and if not executed properly, can result in penalties and a hefty tax bill. I commend Lowry for aspiring to have the latest training and education as it relates to retirement planning so that he can better serve his baby boomer clients as they transition into the distribution phase of retirement.”
Highlights from this event included: estate tax reduction strategies; advanced IRA trust planning, including when and when not to name a trust as an IRA beneficiary; charitable IRA rollovers; the latest updates on the Department of Labor’s Fiduciary Rule, the new IRS 60-day rollover relief policy; inherited IRAs and spouse/non-spouse beneficiaries; tax planning for investment income; IRA creditor protection strategies; Roth recharacterization and IRA withdrawal strategies; and more.
Training at the two-day event (October 27 & 28) was provided by Ed Slott and Company’s team of retirement experts, including Ed Slott, CPA; Jeff Levine, CPA/PFS, CFP®; Beverly DeVeny and Sarah Brenner, JD and included a review of case studies and rulings that impact IRAs and retirement planning overall. Ed Slott and Company’s team of retirement experts, along with many of the advisors in Ed Slott’s Elite IRA Advisor GroupSM, are often go-to resources for attorneys, CPAs and other financial advisors because of their in-depth knowledge and expertise in all areas of retirement account and income planning.
Members also receive year-round access to Ed Slott and Company’s team of retirement experts for more advanced planning support, as well as step-by-step processes, including the Complete IRA Care Solutions™ 35-module planning guide, worksheets and pamphlets, including The Definitive Guide to Required Minimum Distributions for Baby Boomers, and more to use when working with clients.
“Working with Ed Slott and Company’s team of retirement experts has provided me with access to the most advanced, in-depth retirement training available. With this specialized training, I am confident in my ability to provide my baby boomer clients with accurate, up-to-date advice as they transition into the distribution part of retirement and begin taking their required minimum distributions,” said Lowry.
“Most advisors have not received training on the latest tax and IRA distribution rules. With an abundance of misinformation out there, it’s extremely important to work with a well-informed advisor who receives on-going education,” said Slott. “Advisors associated with Ed Slott and Company receive the most up-to-date technical training in the industry, but should an unusual or difficult situation come their way, they also have immediate access to our team of retirement experts to help guide them through the most complicated planning issues.”
“About 2.8 million Americans turn 70 in 2016 and will be the first wave of baby boomers that will lead the way in tackling a new retirement challenge – required minimum distributions. These mandatory distributions start once a taxpayer turns 70½, but many factors should be considered when timing your first withdrawal, including your income level, taxes and even your birthday,” said Ed Slott, CPA, founder of Ed Slott and Company and a nationally recognized IRA expert. “RMDs can be difficult to navigate and if not executed properly, can result in penalties and a hefty tax bill. I commend Lowry for aspiring to have the latest training and education as it relates to retirement planning so that he can better serve his baby boomer clients as they transition into the distribution phase of retirement.”
Highlights from this event included: estate tax reduction strategies; advanced IRA trust planning, including when and when not to name a trust as an IRA beneficiary; charitable IRA rollovers; the latest updates on the Department of Labor’s Fiduciary Rule, the new IRS 60-day rollover relief policy; inherited IRAs and spouse/non-spouse beneficiaries; tax planning for investment income; IRA creditor protection strategies; Roth recharacterization and IRA withdrawal strategies; and more.
Training at the two-day event (October 27 & 28) was provided by Ed Slott and Company’s team of retirement experts, including Ed Slott, CPA; Jeff Levine, CPA/PFS, CFP®; Beverly DeVeny and Sarah Brenner, JD and included a review of case studies and rulings that impact IRAs and retirement planning overall. Ed Slott and Company’s team of retirement experts, along with many of the advisors in Ed Slott’s Elite IRA Advisor GroupSM, are often go-to resources for attorneys, CPAs and other financial advisors because of their in-depth knowledge and expertise in all areas of retirement account and income planning.
Members also receive year-round access to Ed Slott and Company’s team of retirement experts for more advanced planning support, as well as step-by-step processes, including the Complete IRA Care Solutions™ 35-module planning guide, worksheets and pamphlets, including The Definitive Guide to Required Minimum Distributions for Baby Boomers, and more to use when working with clients.
“Working with Ed Slott and Company’s team of retirement experts has provided me with access to the most advanced, in-depth retirement training available. With this specialized training, I am confident in my ability to provide my baby boomer clients with accurate, up-to-date advice as they transition into the distribution part of retirement and begin taking their required minimum distributions,” said Lowry.
“Most advisors have not received training on the latest tax and IRA distribution rules. With an abundance of misinformation out there, it’s extremely important to work with a well-informed advisor who receives on-going education,” said Slott. “Advisors associated with Ed Slott and Company receive the most up-to-date technical training in the industry, but should an unusual or difficult situation come their way, they also have immediate access to our team of retirement experts to help guide them through the most complicated planning issues.”
For more information http://gawealth.com/ or call (678) 638-6363.
