Tag: Tax Strategies

Why RMD Rules Matter in Retirement Planning (Ep. 17)

Why RMD Rules Matter in Retirement Planning (Ep. 17)

Are you ready to handle the complexities of Required Minimum Distributions (RMDs) in your retirement plan?

In this episode, host Jeff Panik, CFP®, MSFS, CRPS breaks down the latest RMD regulations, tax implications, and effective strategies for managing these distributions on the latest episode of ‘Between Life and Money: Finding Balance.’ This episode is essential for anyone nearing retirement or looking to refine their retirement strategy.

Key Highlights:

  • RMD Regulations: Understand the evolving age requirements and regulations for RMDs, including recent changes
  • Calculation Methods: Learn how to calculate your RMDs accurately using life expectancy tables and account values
  • Charitable Contributions: Discover how Qualified Charitable Distributions (QCDs) can satisfy RMD requirements while benefiting charities
  • Tax Implications: Explore the tax consequences of RMDs and strategies to minimize your tax liabilities
  • Inherited IRAs: Understand the specific RMD rules for inherited IRAs, including differences for various beneficiaries
  • Roth Conversions: Learn about the advantages of converting pre-tax accounts to Roth IRAs before reaching RMD age
  • Strategic Planning: Get tips on effective RMD planning to balance income needs and tax burdens, ensuring a smooth transition into retirement
  • And much more!

 

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The Art of Tailored Wealth Strategies (Ep. 2)

The Art of Tailored Wealth Strategies (Ep. 2)

Is achieving the perfect balance between life and wealth more than just a dream? 

Explore how Jeff Panik skillfully blends life’s balance with financial expertise in the creation of Balance Wealth Partners. He narrates his inspiring journey from a major firm to starting his own as a testament to his dedication to crafting financial life plans that are as unique as the individuals he serves.

Key Highlights:

  • The Origin Story: Dive into the fascinating origins of Balance Wealth Partners
  • Innovative Client Engagement: Discover Jeff’s forward-thinking approaches to engaging with clients
  • Jeff’s Approach to Financial Advice: Get to know Jeff’s unique way of giving financial advice
  • Lasting Partnerships in Wealth Management: Find out what makes Jeff’s wealth management partnerships work so well
  • Working Together: Discover the benefits of working with other professionals
  • Financial Planning for Couples: Understand how Jeff helps couples blend their different financial views into one plan
  • Guiding Young Professionals: Learn how Jeff helps young professionals make smart financial choices
  • And much more!

 

Connect with Jeff Panik: