by Bryan Wisda, CFP® | Sep 28, 2024 | Advanced Planning, Tax Planning, Wealth Transfer
With the expiration of the Tax Cuts and Jobs Act (TCJA) set for the end of 2025, significant changes to the tax landscape and 2026 tax brackets could be on the horizon. To effectively prepare, it’s crucial to understand how various tax provisions might shift and what...
by Bryan Wisda, CFP® | Sep 2, 2024 | Advanced Planning, Tax Planning, Wealth Management, Wealth Transfer
This is a game-changer for married couples residing in Kentucky with assets with significant capital gains. As a certified financial planner, I’m always looking for strategies to help my clients optimize their financial futures. Today, I’m excited to share...
by Bryan Wisda, CFP® | Aug 8, 2024 | Advanced Planning, Tax Planning, Wealth Transfer
I’ve been a financial advisor since 2001 and a CFP® since 2006. In all those years, I’ve never had a client die who was the owner of an inherited IRA (sometimes referred to as a beneficiary IRA). Unfortunately, this scenario just played out and I had to do...
by Bryan Wisda, CFP® | Sep 26, 2023 | Advanced Planning, Financial Planning, Retirement Planning, Wealth Management, Wealth Transfer
Oh, the joys of federal ERISA law! Let’s dive deep, shall we? First and foremost, for those caught up in the world of ERISA-covered plans (pension plans and 401(k) type plans, including 403(B), 457, 412(i), and other employer-sponsored retirement plans),...
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® | 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...
