Virtual Savvy Tax Planning Workshop

Learning objectives: • To understand the need for proactive tax planning as clients amass large retirement accounts • To understand the drastic changes emerging from the Tax Cuts and Jobs Act of 2017 • To know how to position clients to take advantage of changes to the standard deduction, tax brackets, child tax credit, etc. • To explain tax-smart ways of charitable giving, especially in light of TCJA • To explain "bunching deductions" in order to reduce income taxes year after year • To lean about the Qualified Business Income Deduction and how to help clients take advantage • To understand Social Security taxation and how it can drastically raise the effective tax rate • To understand the Medicare Income-Related Monthly Adjustment Amount and how to manage it • To learn how to avoid Medicare late enrollment penalties • To learn estate planning strategies so money is passed on in a tax-savvy way • To understand the power of Roth IRAs and why they are advantageous • To understand the various options for paying for long-term care