Critical Planning Ideas for the Mass Affluent-Recording - Critical Planning Ideas for the Mass Affluent

Video Transcription

Video Summary

In the first video, Andrew Altfest starts by introducing the session and acknowledging the support from NAFA New York City and NAFA NEMA. Bob Kiebler then proceeds to discuss critical planning ideas for the mass affluence, including bracket management, itemized deduction planning, retirement funding, and Roth conversions. He also highlights the importance of considering state taxes and estate tax when doing Roth conversions, as well as education planning, executive planning, concentrated positions, and charitable giving. Kiebler emphasizes the significance of taking advantage of opportunities like opportunity zones, 1202 deductions, installment sales, and oil and gas investments. He also discusses the benefits of charitable remainder trusts and the potential impact of AI on tax planning. Kiebler concludes by encouraging financial advisors to help clients navigate these planning strategies and adapt to changing tax laws.<br /><br />The second video focuses on estate planning and tax strategies. The speaker discusses the changes to estate tax exemptions in 2026 and advises proactive planning. They highlight the importance of starting conversations with clients about making large gifts before the current exemption expires. Examples of strategies for wealthy and less wealthy individuals are provided, such as gifting to a trust for a spouse. The speaker also advises lining up lawyers for clients in anticipation of high demand for estate planning services. The lack of lawyers with expertise in estate tax planning is mentioned, as well as the role of financial advisors in determining core capital needs. The video concludes with an overview of FP Alpha, an advanced planning solution for advisors that assists with analyzing tax returns, summarizing estate planning documents, and identifying strategies for clients. The speaker demonstrates some features of FP Alpha, including visual summaries of documents, task management, and scenario modelling.

Keywords

Andrew Altfest

Bob Kiebler

mass affluence

Roth conversions

estate tax

education planning

charitable giving

opportunity zones

1202 deductions

estate planning

tax strategies

FP Alpha