Meeting Details - WEBINAR

Tuesday, January 11, 2022
NOTE TIME: 12:00 pm - 1:30 pm
 

Title:

Analyzing Biden’s Latest “Build Back Better” Tax Proposal

Speaker(s):
Jeffrey Levine, CPA/PFS, CFP^®, CWS^®, AIF^®, MSA, Lead Financial Planning Nerd for Kitces.com, Chief Planning Officer, Buckingham Wealth Partners, Lead Creator and Content Expert, Savvy IRA Planning^®,
offered through Horsesmouth 

Program Description:
(UPDATED WRITE UP) After months of anticipation with a ‘two-track’ process of infrastructure and separate tax legislation, the Democrats’ tax plan has arrived. The proposed legislation, the “American Families Plan,” is very different than what many expected. Among other measures, the new law would increase the top ordinary income tax bracket from 37% to 39.6% and impose an additional 3% ‘surtax’ on income above $5M. In addition, long-term capital gains rates would rise to 25% and step-up in basis will remain. On the other hand, the legislation proposes several new crackdowns, including new restrictions on “backdoor” Roth IRAs, and a cap that will force IRAs with more than $10M of value to distribute 50% of any excess above that amount. This session will dive deep into the details of the latest Biden Tax Plan proposal, as well as the planning issues and strategies advisors need to consider as the law is finalized in the weeks to come. 

*This topic has been approved by the CFP Board for 1.0 hour of CE credit. 
*Zoom login information will be sent the day before the meeting.   

Speaker(s):
Jeffrey Levine, CPA/PFS, CFP^®, CWS^®, AIF^®, MSA, Lead Financial Planning Nerd for Kitces.com, Chief Planning Officer, Buckingham Wealth Partners, Lead Creator and Content Expert, Savvy IRA Planning^®,offered through Horsesmouth 

Jeffrey Levine, CPA/PFS, CFP^®, CWS^®, AIF^®, MSA is the Lead Financial Planning Nerd for Kitces.com, Chief Planning Officer at Buckingham Wealth Partners, and is the Lead Creator and Content Expert for Savvy IRA Planning^®, offered through Horsesmouth. Jeff is a recipient of the Standing Ovation award, presented by the AICPA Financial Planning Division, and was named to the 2017 class of 40 Under 40 by InvestmentNews. Previously, Jeffrey served as Ed Slott and Company’s Chief Retirement Strategist, where his ability to simplify the complex laws that govern individual retirement accounts, combined with his unique blend of humor and tax planning, was first recognized. Jeffrey continues to be an active speaker, traveling the country each year to educate thousands of Financial Advisors, CPAs, Attorneys, and consumers on retirement, tax, and estate planning strategies. You can follow Jeff on Twitter @CPAPlanner and via his personal website. 

Agenda:
12:00 - 12:10 pm - Welcome, Chapter Announcements & Strategic Partner Acknowledgements 
12:10 - 1:25 pm - Jeffrey's Presentation with Q & A
1:25 - 1:30 pm – Final Comments
1:30 pm - Program Closes