Beat the Tax Clock: Year-End Planning Tips from Penn Mutual

Life Matters – A Penn Mutual Podcast

In this insightful episode, Bill Bell and Jenna Washatka are joined by the entire Advanced Sales Team at Penn Mutual. Directors of Advanced Sales—Lindsay Cigler, Jay Perlman, George Bradley, and Amy Bryant—dive into a range of critical topics in financial and estate planning. From the evolving implications of the SECURE Act and Qualified Charitable Distributions (QCD) to strategic uses of Charitable Remainder Trusts (CRT) and life insurance, this episode offers practical guidance on navigating the complexities of year-end planning. The team also addresses the approaching sunset of the Tax Cuts and Jobs Act of 2017, highlighting innovative wealth transfer strategies that span generations. Tune in for expert advice on optimizing your clients’ financial plans.

1. Key Takeaways for Financial Professionals:

Proactive Estate Planning Before Tax Law Changes

Understand the importance of updating estate plans before the 2017 Tax Cuts and Jobs Act sunsets. Learn how to maximize transfer tax exemptions and minimize future tax liabilities for your clients.

2. Navigating the Tax Cuts and Jobs Act of 2017 Sunset

Discover critical strategies that leverage life insurance and Nonqualified Deferred Compensation (NQDC) plans to help business owners ensure long-term financial security, even in a shifting tax landscape.

3. Charitable Planning for Tax Optimization

Explore the advantages of Qualified Charitable Distributions (QCD) and Charitable Remainder Trusts (CRT) to optimize tax deductions while providing steady income for beneficiaries, creating dual benefits for clients.

4. Efficient Retirement and Wealth Transfer Strategies

Gain insights into managing Required Minimum Distributions (RMD) and utilizing life insurance as a tax-efficient tool for passing wealth to future generations, ensuring clients leave a lasting legacy.

Press play to be entertained, informed, and inspired! Get ready for an episode packed with actionable insights to help you grow a stronger financial practice.

Have a question or comment for Bill? Drop him an email at: [e-mail]

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Presented by Penn Mutual
www.PennMutual.com

This podcast is for informational purposes. Guests’ views, comments, and opinions on products, services, or strategies do not necessarily represent the views of or imply endorsement by The Penn Mutual Life Insurance Company or its affiliates. Product availability, benefits and provisions vary by state.

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