Tag Archives: Wealth Transfer

44. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes) — Part Two



The Build Back Better Act has recently been passed by the U.S. House of Representatives.

While it is yet to become a law, there are steps you can take today to minimize the legislative proposal’s impact on your wealth transfer, in case it is passed.

In this episode, Derek Myron and Kyle Malmstrom dive into the potential tax implications of the proposal for retirement plan owners. They also share how they are helping clients at Centura Wealth Advisory to prepare for these expected tax changes.

Derek and Kyle discuss:

  • Why they believe the new proposal to be an “assault on the U.S. retirement plans”
  • People who might be severely affected by this potential tax law change
  • How existing wealth transfer strategies might become obsolete under the new proposal
  • Best practices to minimize your estate taxes
  • And more

Resources:

Connect With Centura Wealth Advisory:


42. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes)



Over the years, you may have accumulated a large sum of wealth in your retirement accounts.

But withdrawing that money tax-efficiently can feel like a challenge, especially under proposed tax changes currently being discussed.

In this episode, Derek Myron and Kyle Malmstrom discuss how the expected estate tax changes may potentially affect your retirement plan distributions, and share effective strategies to help you transfer your accumulated wealth to your desired beneficiaries in a tax-efficient manner.

Derek and Kyle discusses:

  • A brief overview of the proposed Build Back Better Act
  • Different ways to take your money out of Individual Retirement Accounts (IRAs)
  • “Live-on” assets versus “leave-on” assets — what is better for you
  • Reasons to start planning your wealth transfer as early as possible
  • And more

Resources:

Connect With Centura Wealth Advisory:


Episode 29 – The Potential Impact of New Tax Proposals on Capital Gains Tax and Estate Planning



With the For The 99.5% Act proposal, estate tax and capital gains tax are expected to rise drastically starting in January 2022. Several tax benefits might also be eliminated.

What can you do now to minimize the impact of this act on your estate planning?

Derek Myron and Kyle Malmstrom answer this question in this episode. They discuss what the new tax proposal entails, the implications if it is passed, and things you can do before the 2021 year-end to minimize your estate taxes and ensure maximum wealth transfer to your beneficiaries.

You will learn:

  • Tax saving opportunities posed by the current, all-time high benefits
  • Why you should contact a professional and begin estate planning as early as possible
  • The benefits of IR-2019-189 regulations for your estate and gift taxes
  • Strategies to build a blueprint for efficient estate planning
  • And more!

Tune in now to learn how you can prepare yourself to deal with the expected tax changes!

Resources: Centura Wealth Advisory: (858) 771-9500 | Derek Myron on LinkedIn | Kyle Malmstrom on LinkedIn