by Bryan Wisda, CFP® | Apr 6, 2023 | Relationship Management, Wealth Management
When wealthy individuals establish trusts they often appoint friends or family members to serve as trustees after they pass away. If you are a trustee you become responsible to oversee investment management, distributions, and trust administration. But these friends...
by Bryan Wisda, CFP® | Mar 12, 2023 | Advanced Planning, Tax Planning, Wealth Transfer
With the signing of the SECURE ACT 2.0, anybody over the age of 70 1/2 may fund a Charitable Remainder Trust with a QCD of up to $50,000. A QCD is short way of saying Qualified Charitable Distribution. A QCD allows people to donate up to $100,000 from their IRA each...
by Bryan Wisda, CFP® | Mar 1, 2023 | Advanced Planning, Financial Planning, Tax Planning
If you are still working in your 70s, there is way to avoid having to take required minimum distributions (RMD) from your IRA. Once you reach the magical age when you have to start taking required minimum distributions, currently 73 (going to age 75 in 2033), you are...
by Bryan Wisda, CFP® | Nov 16, 2022 | Advanced Planning, Tax Planning, Wealth Management, Wealth Transfer
The IRS has announced the 2023 Gift & Estate Tax Limitations. Gift Tax: In 2023 an individual may give $17,000 to another person ($34,000 per couple) without needing to file a gift tax return. This is an increase of $1,000 from 2016. Estate Tax: The Estate Tax is...
