In 2017, the Tax Cuts and Jobs Act (TCJA) introduced some significant changes to tax laws, both on the income and estate side.
Now, as we approach its expiration on December 31st, 2025, it is important to plan for the looming tax changes!
Join our senior wealth advisors Matt Griffith, CFP®, and Roby Kotcamp, CFP®, as they unpack the potential tax changes and their implications for high-net-worth individuals and business owners.
Matt and Roby discuss:
How income tax rates and deductions might be affected
Expected changes in the lifetime exemption for estate and gift tax
Strategies that may help you take maximum advantage of the prevailing tax laws
Why you should act now instead of waiting until 2025
Are you worried about the impact of the 2024 election on the markets and your investments?
Especially when geopolitical tensions, the uncertainty of tax law changes, the ousting of the Speaker of the House, and the threat of a government shutdown are adding to the stress?
In this episode, Matt Griffith, CFP®, Senior Wealth Advisor, and Chris Osmond, CFA, CAIA®, CFP®, Chief Investment Officer, speak with Michael Townsend, Managing Director, Legislative and Regulatory Affairs at Charles Schwab & Company. Join them as they explore potential market implications of the upcoming U.S. presidential elections.
Michael discusses:
An overview of the current political landscape
The ongoing speculation of Biden, Trump, or both dropping out
Potential implications of a divided government and/or a split Congress
How markets have historically performed before and after elections
The importance of cutting through the noise (and emotions) and focusing on long-term goals
Michael is Schwab’s Washington-based political analyst. With more than 30 years of Washington experience, he analyzes legislative, regulatory, and political developments to determine how they would affect individual investors, retirement plan participants, and investment advisers.
Michael is the host of Schwab’s WashingtonWise podcast, which explores the intersection between policy, politics, the markets, and the economy. He is a featured speaker at dozens of employee, client, adviser, and industry events each year, where he discusses the impact of the political and policy environment in Washington on investors and the capital markets.
Prior to joining Schwab in 2000, Michael worked at Powell Tate, Inc., a Washington, D.C., public affairs firm, and previously worked for two U.S. senators from Maine. He holds an M.A. in English from George Mason University and a B.A. in English from Bowdoin College.
Preparing for Change: How to Adapt to Economic and Tax Legislation Shifts (Ep. 77)
Are you a business owner or high-income executive concerned about recent changes in the economic, political, and tax environment?
In this episode, Kyle Malmstrom and Matt Griffith, CFP®, cover a range of topics, including ways to prepare for a huge liquidity event, tax planning, investment considerations during high interest rates, and an overview of our Liberated Wealth® process.
Kyle and Matt discuss:
Key changes in the past 12 months that can impact your wealth
Tips for business owners either setting up a new entity or planning their exit
What to do if your wealth is tied up in a concentrated stock position
The importance of working with a professional advisory team
After moving from China to the US in 1989 to pursue his Ph.D. in psychology at UCSD, Tony Chen transitioned from an academic in post-doctorate studies to business — becoming a lifelong entrepreneur and business owner.
Fast forward to 2019, when Tony considered exiting his business and became a client of Matt Griffith, CFP®, Senior Wealth Advisor at Centura Wealth Advisory (Centura).
In this episode, Matt interviews Tony about his experience as Centura’s client moving through the Liberated Wealth Process®.
Matt and Tony discuss:
Tony’s personal and professional background as a lifelong entrepreneur
What pre- and post-LOI planning looked like for Tony’s business sale
The importance of having a professional team in place
How Centura’s team guided Tony through wealth management (including alternative investments)
Tony’s advice for business owners contemplating a future business sale
The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.
