SML Planning Minute
SML Planning Minute podcasts provide timely and thought-provoking financial ideas and concepts for individuals, families and business owners. Be sure to listen in! Simply click on a topic below to access a podcast. You can also subscribe to one of the many service providers to listen on the go.
Changes to Key Estate Tax Planning Numbers in 2022
Episode 161 – The inability of Congress to reduce by half the $11.7 million estate and gift tax exemption amount in 2021, leaves us with an even higher exemption amount for 2022. Continue Reading Changes to Key Estate Tax Planning Numbers in 2022
You’ve Been Named the Executor or Administrator of a Last Will and Testament – Now What?
Episode 160 – Agreeing to act as an Executor or Administrator for the estate of a deceased family member or friend is typically an act of love. However, it often requires more work and dedication than anticipated, and can involve personal liability. Continue Reading You’ve Been Named the Executor or Administrator of a Last Will and Testament – Now What?
Social Security COLAs: Less than Advertised?
Episode 159 – Not as good as advertised. The recent 5.9% Social Security COLA isn’t as good as it seems. Continue Reading Social Security COLAs: Less than Advertised?
Protecting the Elderly From Financial Abuse Revisited
Elder abuse is a huge problem that’s getting even bigger. Do you know the signs of elder abuse? More important, what should you do if you suspect it’s happening to someone you know? Continue Reading Protecting the Elderly From Financial Abuse Revisited
Changes to Your RMDs in 2022
Episode 157 – New IRS tables will impact required minimum distributions beginning in 2022. Learn how it could impact you here. Continue Reading Changes to Your RMDs in 2022
The Four Percent Rule Revisited
Episode 156 – The 4% Rule has been one of the standard models of retirement planning since the 1990s. The rule, however, has come under attack of late. A recent report by Morningstar indicates that the real number is more like 3.3%. What’s a retiree to do? Continue Reading The Four Percent Rule Revisited
Three Social Security ‘Do Over’ Options
Episode 155 – Deciding on when to collect Social Security is a complicated process. But it comes with surprising flexibility. And people are surprised to learn of the three “do over” options that Social Security allows. Continue Reading Three Social Security ‘Do Over’ Options
Thirteen Celebrity Estate Planning Lessons
Episode 154 – The rich and famous are prone to estate planning mistakes. Today we look at some real world examples, and the lessons we can all learn from all of them. Continue Reading Thirteen Celebrity Estate Planning Lessons
Guaranteed Lifetime Retirement Income From Your IRA
Episode 153- Purchasing an annuity in your Traditional IRA will guarantee that you never outlive your retirement savings and provide you with a secure, stable and stress-free retirement. Continue Reading Guaranteed Lifetime Retirement Income From Your IRA
Is the Social Security Administration Running a Scam?
Episode 152 – Is the Social Security Administration running a scam? One prominent retirement expert thinks so. Continue Reading Is the Social Security Administration Running a Scam?
Business Owners, High-Income and High-Net-Worth Individuals Beware
Episode 151 – The IRS is expected to expand its efforts to discover tax evasion through increased information reporting, updated technology and increased examinations. Most of the focus will be on high-income individuals. Continue Reading Business Owners, High-Income and High-Net-Worth Individuals Beware
COLI and Why It Might be Appropriate for Your Business
Episode 150- COLI is an effective tool to invest company cash in a tax-deferred growth vehicle with a death benefit component to fund a variety of business-planning needs and strengthen the company’s financial statements. Continue Reading COLI and Why It Might be Appropriate for Your Business
Recruiting and Retaining Great Employees with Retirement Benefits
Episode 149 – A retirement savings plan is one of the most important benefits you can provide your employees. But with so many different plans to choose from, how do you determine the right plan for your business? Continue Reading Recruiting and Retaining Great Employees with Retirement Benefits
Complete Your Retirement Savings Strategy With Life Insurance and Annuities
Episode 148 – An independent study concludes that the best retirement savings strategy includes permanent life insurance, such as whole life, and deferred income annuities with increasing income potential. Continue Reading Complete Your Retirement Savings Strategy With Life Insurance and Annuities
Retention of Top-Performing Employees With Loan Split Dollar
Episode 147 – Employee retention is one of the biggest concerns for business owners. Loan Split Dollar is a very popular strategy to retain high-performing skilled employees with a unique benefit, particularly in this low interest rate environment. Continue Reading Retention of Top-Performing Employees With Loan Split Dollar
Build Back Better Tax Proposals – Part 3: Retirement Plans & Corporate Taxes
Episode 146 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 3 episode, we’ll cover the proposals that affect retirement plans and corporate taxes.
Continue Reading Build Back Better Tax Proposals – Part 3: Retirement Plans & Corporate Taxes
Build Back Better Tax Proposals – Part 2: Estate & Gift Taxes
Episode 145 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 2 episode, we’ll cover the proposals that affect estate and gift taxes. Continue Reading Build Back Better Tax Proposals – Part 2: Estate & Gift Taxes
Build Back Better Tax Proposals – Part 1: Income Taxes
Episode 144 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 1 episode, we’ll begin with income taxes. Continue Reading Build Back Better Tax Proposals – Part 1: Income Taxes
Getting Life Insurance Is Easier Than It Used to Be
Episode 143 – September is a great time to be thinking about life insurance, and today we celebrate the fact that getting life insurance is much quicker and easier than it was even just a few years ago. Continue Reading Getting Life Insurance Is Easier Than It Used to Be
The Life Insurance Wealth Gap
Episode 142 – America’s wealth gap has gotten a lot of attention lately, but did you know that it is even more pronounced when you factor in life insurance? Continue Reading The Life Insurance Wealth Gap
