The Financial Cliff – an Ed Slott Update

So first we survived Dec 21 and the Mayan’s prophecy of our impending doom. Then, in a last minute compromise, Congress signed in to law the American Taxpayer Relief Act of 2012. I received this timely update from our friend Ed Slott. It includes a link from Slott researcher Jeffrey Levine that gives as good of an update on the legislation as I have seen…or that I could write myself. So, reprinted without permission…hopefully my free plug of Ed and Jeff will be considered when they try to have their lawyers contact me…

Enjoy:

THE NEW TAX LAW OF THE LAND: WHAT YOU NEED TO KNOW!
The American Taxpayer Relief Act of 2012 includes key provisions that affect your clients and their retirement planning in 2013.
The link below includes a video with Ed Slott and Company’s IRA Technical Consultant, Jeffrey Levine that provides an overview of what you need to know, what you should focus on with your clients and how you can use this knowledge to gain new business.
We have combed through the entire law (it’s a great read!) and highlighted 5 key retirement planning provisions for 2013. We discuss those points in the video found at the link below.
KEY 2013 RETIREMENT PLANNING POINTS FOR AMERICAN TAXPAYER RELIEF ACT INCLUDE:
• Income tax rates, the Bush-era tax cuts and the payroll tax holiday
• Permanent estate tax exemption
• Permanent capital gains rates
• Permanent AMT patch
• In-plan Roth conversion CHANGE
Check this out:

About Jeffrey Berson

40 years in and around the industry has made Insurance a part of my DNA. I have had the pleasure of working with and for some of the greatest minds in our industry. My "Bersonal" View is an attempt to capture some of the best ideas, the best concepts and the best practices in a way that can lead to success for others. It will certainly be my point of view, so please...don't take it "Bersonal".
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