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

Slides - Critical Planning Ideas for the Mass Affluent

Pdf Summary

The document provides a checklist of critical planning ideas for individuals in the Mass Affluent category. <br /><br />The checklist includes various items for consideration in areas such as tax planning, retirement planning, charitable planning, estate tax planning, and more.<br /><br />In tax planning, it suggests bracket management strategies, taking advantage of deductions and credits, and timing itemized deductions to maximize tax benefits.<br /><br />For retirement planning, it recommends funding IRAs, 401ks, and pension plans, optimizing the Traditional/Roth mix, considering Roth conversions, and reviewing required minimum distributions (RMDs) and Net Unrealized Appreciation (NUA).<br /><br />In charitable planning, it suggests considering qualified charitable distributions (QCD), appreciated asset donations, donor-advised funds (DAFs), and making annual exclusion gifts.<br /><br />For estate tax planning, it highlights making annual exclusion gifts, medical gifts, and tuition gifts. It also discusses the use of various trusts, such as dynasty trusts, spousal limited access trusts (SLATs), grantor retained annuity trusts (GRATs), and charitable lead trusts (CLTs).<br /><br />The document also mentions specific tax planning ideas, such as opportunity zones, IRC Section 1202, installment sales, gain and loss harvesting, Roth conversions, oil and gas investments, and more.<br /><br />Overall, the document provides a comprehensive checklist of planning ideas for individuals in the Mass Affluent category, covering tax, retirement, charitable, and estate planning strategies.

Keywords

Mass Affluent

tax planning

retirement planning

charitable planning

estate tax planning

Roth conversions

required minimum distributions

donor-advised funds

annual exclusion gifts

opportunity zones