Principles Of Tax Planning for Financial Advisors
Financial Advisors serve clients with a diverse array of backgrounds, financial resources, goals, and objectives. But while no two clients are the same, nearly all clients share the common goal of “paying the least amount of tax possible.” It should come as no surprise then, that clients of all income and asset levels are increasingly seeking “tax planning” guidance from their Financial Advisors.
Many advisors, though, have been reticent to engage in tax planning, either because they lack the knowledge to be able to competently do so, fear “stepping on the toes” of a client’s CPA or other tax professionals, or out of concern about running afoul of rules that prevent them from giving tax advice. This session seeks to address those concerns.
Attendees will begin by learning why including tax planning as part of their overall client experience is essential for continued growth and success. The session will then focus on exploring ten high level principals of tax planning that can be used by all advisors – from tax planning “newbies” to seasoned tax planning pros – to help guide their clients towards lower tax bills and better outcomes.
Jeffrey Levine, CPA/PFS, CFP®, CWS®, BFA®, MSA is the Lead Financial Planning Nerd for Kitces.com and the Chief Planning Officer at Buckingham Wealth Partners. In 2020, Mr. Levine was named by Investment Advisor Magazine as one of the top 25 voices to turn to during uncertain times, and was named to the IA25 again in 2021. Jeff is a past recipient of the Standing Ovation award, presented by the AICPA Financial Planning Division, was named to the 2017 class of 40 Under 40 by InvestmentNews, and as a Young Advisor to Watch by Financial Advisor Magazine in 2020. Previously, Jeffrey served as Ed Slott and Company’s Chief Retirement Strategist, where his ability to simplify the complex laws that govern individual retirement accounts, combined with his unique blend of humor and tax planning, was first recognized. You can follow Jeff on Twitter @CPAPlanner, where he is known to break down the latest tax updates in GIF-filled tweets storms, and via his personal website, www.FullyVestedAdvice.com.
Recent Tax Developments and Opportunities – Come hear the latest!
Join us for a look at the latest tax developments, including the IRS Strategic Operating Plan, the proposed Tax Relief for American Families and Workers Act of 2024, the ability to move 529 Plan funds to Roth IRA, and other recent developments in the tax arena.
This lively discussion will help you identify opportunities arising from recent changes to work with your clients to minimize taxes. This presentation will build on the Principles Of Tax Planning for Financial Advisors covered in the preceding session.
Julie A. Welch (Runtz), CPA, PFS, CFP®, AEP (Distinguished), is a shareholder and Director of Taxation with Meara Welch Browne, P.C. She has served on the AICPA’s planning committee for the “Tax Planning Strategies for the High-Income Individual” conference where she was a frequent speaker, and serves as a frequent panelist for the All-Star Tax Series broadcast by Edward Jones. Julie has also served on the AICPA’s Personal Financial Planning Executive Committee and currently serves on the Kansas City Estate Planning Symposium Committee. She speaks nationally on tax-saving topics and, has co-authored 101 Tax Saving Ideas, now in its eleventh edition. Julie’s articles have been published in various financial planning and business publications. She was recently named as one of America’s Top 200 Certified Public Accountants in Forbes’ inaugural list.
Principles Of Tax Planning for Financial Advisors
Financial Advisors serve clients with a diverse array of backgrounds, financial resources, goals, and objectives. But while no two clients are the same, nearly all clients share the common goal of “paying the least amount of tax possible.” It should come as no surprise then, that clients of all income and asset levels are increasingly seeking “tax planning” guidance from their Financial Advisors.
Many advisors, though, have been reticent to engage in tax planning, either because they lack the knowledge to be able to competently do so, fear “stepping on the toes” of a client’s CPA or other tax professionals, or out of concern about running afoul of rules that prevent them from giving tax advice. This session seeks to address those concerns.
Attendees will begin by learning why including tax planning as part of their overall client experience is essential for continued growth and success. The session will then focus on exploring ten high level principals of tax planning that can be used by all advisors – from tax planning “newbies” to seasoned tax planning pros – to help guide their clients towards lower tax bills and better outcomes.
Jeffrey Levine, CPA/PFS, CFP®, CWS®, BFA®, MSA is the Lead Financial Planning Nerd for Kitces.com and the Chief Planning Officer at Buckingham Wealth Partners. In 2020, Mr. Levine was named by Investment Advisor Magazine as one of the top 25 voices to turn to during uncertain times, and was named to the IA25 again in 2021. Jeff is a past recipient of the Standing Ovation award, presented by the AICPA Financial Planning Division, was named to the 2017 class of 40 Under 40 by InvestmentNews, and as a Young Advisor to Watch by Financial Advisor Magazine in 2020. Previously, Jeffrey served as Ed Slott and Company’s Chief Retirement Strategist, where his ability to simplify the complex laws that govern individual retirement accounts, combined with his unique blend of humor and tax planning, was first recognized. You can follow Jeff on Twitter @CPAPlanner, where he is known to break down the latest tax updates in GIF-filled tweets storms, and via his personal website, www.FullyVestedAdvice.com.
Recent Tax Developments and Opportunities – Come hear the latest!
Join us for a look at the latest tax developments, including the IRS Strategic Operating Plan, the proposed Tax Relief for American Families and Workers Act of 2024, the ability to move 529 Plan funds to Roth IRA, and other recent developments in the tax arena.
This lively discussion will help you identify opportunities arising from recent changes to work with your clients to minimize taxes. This presentation will build on the Principles Of Tax Planning for Financial Advisors covered in the preceding session.
Julie A. Welch (Runtz), CPA, PFS, CFP®, AEP (Distinguished), is a shareholder and Director of Taxation with Meara Welch Browne, P.C. She has served on the AICPA’s planning committee for the “Tax Planning Strategies for the High-Income Individual” conference where she was a frequent speaker, and serves as a frequent panelist for the All-Star Tax Series broadcast by Edward Jones. Julie has also served on the AICPA’s Personal Financial Planning Executive Committee and currently serves on the Kansas City Estate Planning Symposium Committee. She speaks nationally on tax-saving topics and, has co-authored 101 Tax Saving Ideas, now in its eleventh edition. Julie’s articles have been published in various financial planning and business publications. She was recently named as one of America’s Top 200 Certified Public Accountants in Forbes’ inaugural list.