Members of Ed Slott’s Elite IRA Advisor GroupSM Studied Latest Retirement Account Planning Strategies, Estate Planning Techniques and Tax Laws at Semiannual Workshop
Oliver Kollofski, Director of Wealth Services, Investment Advisor Representative, RJFS of Sweet Financial Services completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC in Philadelphia May 17-18, 2018. The workshop, which was attended by members of Ed Slott’s Elite IRA Advisor GroupSM, provided in-depth technical training on advanced retirement account planning strategies and estate planning techniques, as well as an update on the impact of the Tax Cuts and Jobs Act and Bipartisan Budget Act of 2018 on retirement planning.
“From lower tax rates and the elimination of Roth IRA recharacterizations to the doubling of the estate, gift and generation-skipping exemptions, tax reform has had a major impact on many key retirement planning strategies in recent months. Because of these changes, it is more important than ever for advisors to study and master these topics. I commend Kollofski, who has been associated with our advanced training program for 2 years, for staying current with his retirement planning education so that he can best serve his clients,” said Ed Slott, CPA, founder of Ed Slott and Company and a nationally recognized IRA professional who was named “The Best Source for IRA Advice” by The Wall Street Journal. “With this ongoing training, Kollofski can help their clients reduce their tax liability and adjust their financial plans in order to have a safe and secure retirement.”
Highlights from this event included: advanced IRA estate planning, including the difference between federal and state estate tax law; the rules and strategies for designating a trust as an IRA beneficiary; the tax implications and penalties surrounding prohibited transactions and how to avoid them and planning considerations for real estate and alternative investments within an IRA. Additionally, members analyzed recent tax law changes and their impact on retirement planning strategies, including the confirmed legitimacy of backdoor Roth IRA conversions, changes in the way a child’s unearned income is taxed, the impact on charity deductions and reasons why qualified charitable distributions (QCDs) are more desirable than ever, the temporarily reduced threshold for the medical expenses deduction and more.
Training was provided by Ed Slott and Company’s team of retirement professionals, including Ed Slott, CPA; Beverly DeVeny; Sarah Brenner, JD; Jeremy Rodriguez, JD and Jim Glass, JD. Ed Slott and Company and many of the advisors in Ed Slott’s Elite IRA Advisor GroupSM are the go-to resources for attorneys, CPAs and other financial advisors because of their in-depth knowledge and expertise in all areas of retirement account and income planning.
Members of Ed Slott’s Elite IRA Advisor GroupSM have year-round access to Ed Slott and Company’s team of retirement experts for consultation on advanced planning topics. The membership also includes step-by-step processes, including the Complete IRA Care Solution™ 30-module planning guide. Members also have access to proprietary worksheets and pamphlets, including The Definitive Guide to Required Minimum Distributions for Baby Boomers and Ed Slott’s 2018 Retirement Decisions Guide, that they can use when working with clients.
“There are many changes coming out of Washington, and it’s important for me to understand how these changes can impact my clients’ financial futures,” said Kollofski. “Many are asking if they’re doing all they can to maximize their wealth. The training I receive as a member of this group allows me to serve as a trusted resource to those who want to evolve their financial plans in accordance with the changing laws and regulations.”
“The recent overhaul of the tax code has changed the way many Americans need to plan for retirement. It’s crucial for people to work with a financial professional who commits to ongoing education and maintaining the knowledge required to guide their clients through this post tax-reform era,” said Slott. “Advisors who fail to invest in their own education may make costly and irreversible mistakes on behalf of their clients. Our mission is to educate advisors so that they can help their clients make informed decisions about their financial futures.”
Kollofski can be contacted for more information on IRA and retirement-related questions. Please visit www.sweetfinancial.com or call 800-658-2507 or 507-235-5587.
ABOUT ED SLOTT AND COMPANY, LLC: Ed Slott and Company, LLC is the nation’s leading provider of technical IRA education for financial advisors, CPAs and attorneys. Ed Slott’s Elite IRA Advisor GroupSM is comprised of nearly 400 of the nation’s top financial professionals who are dedicated to the mastery of advanced retirement account and tax planning laws and strategies. Slott is a nationally recognized IRA distribution expert, best-selling author and professional speaker. He has hosted several public television specials, including “Retire Safe & Secure! with Ed Slott” Visit irahelp.com for more information.
Raymond James is not affiliated with and does not endorse the opinions or services of Ed Slott or the Elite IRA Advisor Group. Opinions expressed are those of Sweet Financial Services and are not necessarily those of Raymond James. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Sweet Financial Services is not a registered broker dealer and is independent of Raymond James Financial Services.