In today’s episode of The Amber Stitt Show, Heidi Thompson, Ed.M, JD, and I discuss the impact Secure 2.0 will have on your inheritance and legacy.
Heidi is a Trusted AZ Estate Planning Attorney and helps her clients Lifeguard their Legacies!
Overall, the Secure 2.0 Act was designed to encourage Americans to save more for retirement and to make it easier for them to do so. However, it is important for individuals to understand the tax implications that are present
now moving forward.
It is wise to work with trusted financial professionals and attorneys to develop planning that meets your needs and goals while also providing some control of your money and tax reduction strategies. It is important now more than ever!
Focus Points
- What retirement accounts are affected?
- What distributions and taxes will look like in the future in these accounts.
- How taxes will play a role in the money you planned to leave behind to your family?
- How your planning will now change for any money you have inherited.
- How Life Insurance is a tool to cover taxes.
You can find Heidi at https://lifeguardinglegacies.com/ and you can find her book on Amazon here.
Connect
Listen on Apple Podcasts or watch on YouTube.