Speakers: Vince D'Addona, MSFS, CLU, CHFC, RICP, CEXP, AEP, Strategies for Wealth & Jim Manger, Guardian Life Insurance Company

Year: 2021

With every election, there is the potential for great changes in the financial planning landscape. With that in mind, Vince D’Addona and Jim Magner explore how Candidate Biden’s tax plan could impact upscale and business-owner clients now that he’s President Biden. In their webinar, Vince and Jim provide attendees with the knowledge and tools to help their clients develop an action plan for whatever legislation gets enacted. One of the post-election goals of every producer should be to educate and position clients so that they can execute on a strategy quickly. With that in mind, Vince and Jim will cover the following issues in their content-packed webinar: • What the elimination of basis step-up would potentially look like. • How lower exemptions could impact the wealth transfer market. • Planning techniques if the top marginal rates imposed on high-income earners are raised. • Creative bracket/entity planning if the corporate income tax rate increases. • Planning techniques in the face of increased capital gains rates and the capping of itemized deductions imposed on high-income individuals. • Planning techniques if the Social Security tax on high income earners is expanded. • What to do if Section 199A Deduction Phaseout is implemented for business owners with incomes exceeding $400,000. Learning Objective #1: Formulate and implement income tax reduction strategies. Learning Objective #2: Formulate and implement estate tax reduction strategies. Learning Objective #3: Evaluate and implement non-qualified fringe benefit planning techniques.