Everyone wants to make the most of their financial assets, and for pre-tax retirement accounts, that includes getting the most return, paying the least in taxes, and having the lowest risk. For individuals in higher tax brackets who do not have a retirement income need for all or part of their pre-tax retirement accounts, Required Minimum Distributions and Inherited IRA rules are frustrating mandates that can severely limit wealth transfer and legacy planning options.
However, there is a unique strategy, leveraging tax, estate, trust, and ERISA rules that can substantially reduce income and estate taxes and maximize the net benefit received by their heirs from their retirement assets. Key to this is utilizing the one and only asset the IRS provides preferential tax treatment for when distributing from a qualified plan.
In this course, we will be sharing and discussing this unique legacy planning strategy. You will understand how easy, safe, and effective it can be, and how it can help clients minimize their taxes and maximize their estate legacy.
Learning Objectives:
- Identify how to leverage income and estate tax, trust and ERISA rules for legacy planning
- Evaluate the most tax-advantaged ways to maximize IRA and qualified plan assets to optimize retirement wealth transfer
- Outline strategies to maximize “Net to Heirs” for legacy planning from a client’s qualified accounts
Harris Wali is the founder and CEO of HW Premier Insurance Services and has over 30 years of experience in the insurance industry. He specializes in advising high-net-worth clients and financial consultants on using insurance solutions for funding strategies to accomplish planned giving, estate and business objectives planning and wealth protection. Harris works closely with clients' financial and legal advisers to establish appropriate wealth planning and insurance strategies.
Harris’ expertise and individualized consultative approach affords him the opportunity to craft strategies for his clients that helps drive their estates and businesses forward. He works towards solutions by providing expert guidance with a focused and detailed understanding of their clients’ financial position.
Kevin Martin
Kevin Martin Insurance Services
Founder
[email protected]
(714) 931-5582
Kevin Martin is the President and Founder of Kevin Martin Insurance Services Inc, an independent life insurance brokerage. Kevin and his team analyze, design, and implement insurance planning for wealth accumulation, preservation, and transfer. They have also designed unique executive compensation strategies for closely held businesses. Working with High Net Worth Individuals and Business Owners, Kevin and his team partner with clients’ CPAs, Attorneys, Family Offices, and Money Managers creating unique solutions for clients. Kevin was born and raised in Los Angeles where he still resides with his wife and three children.
Meredith J. Sesser practices in the area of employee benefits law, ERISA, and benefits taxation. With 24 years of pension and ERISA experience, she routinely assists businesses and non-profit organizations in the preparation, implementation, operation, and termination of retirement plans such as defined benefit and cash balance pension plans, 401(k) profit-sharing plans, and 403(b) plans.
Ms. Sesser represents employers in Department of Labor (DOL) and Internal Revenue Service (IRS) controversies, including investigations, audits, and voluntary compliance to prevent or correct plan disqualification and fiduciary breaches (EPCRS, VCP, DFVCP and VFCP).
About Our Sponsor
Eliminate Hidden Fees is a boutique financial services firm specializing in helping clients make the most of their retirement accounts with unique tax advantaged planning solutions. Qualified accounts are the most efficient way of saving for retirement, and maximizing these contributions benefits clients with a current tax deduction by accumulating more resources for retirement. Our services include solutions to maximize these retirement benefits from their retirement accounts for their specific purposes. We provide our assessment and analytical services at no cost, and we also specialize in helping clients leverage pension laws to maximize the amount of money they can put away tax free.
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