Podcasts about cascading beneficiary plan

Beating the New IRA Tax Death Jim Lange, Lange Financial Group – The Sharkpreneur podcast with Seth Greene Episode 456 Jim Lange Jim Lange is a CPA, Attorney and Financial Advisor. His estate and tax planning strategies have been endorsed by TheWall Street Journal (36 times), Newsweek, Money Magazine, Smart Money, Reader’s Digest, Bottom Line, Kiplinger’s, and most recently, Forbes Magazine. Jim has authored five peer-reviewed articles in Trusts & Estates. He is a regular columnist for Forbes.com, and his expertise on Roth IRA conversions was solicited for an article in the February 2019 issue of Forbes magazine. With 35 years of retirement and estate planning experience, Jim and his team have drafted 2,680 wills and trusts, as well as sophisticated beneficiary designations for IRAs and other retirement plans using Lange’s Cascading Beneficiary Plan. They have also administered hundreds of estates whose families have benefitted from these plans. Jim is the author of eight best-selling books, including three editions of Retire Secure!, endorsed by Charles Schwab, Larry King, Ed Slott, Jane Bryant Quinn, Roger Ibbotson, and 50 other experts; The Roth Revolution, endorsed by Ed Slott, Natalie Choate, and Bob Keebler; The $214,000 Mistake, How to Double Your Social Security and Maximize Your IRAs endorsed by Larry Kotlikoff, Jonathan Clements, Paul Merriman, and Elaine Floyd; and The IRA and Retirement Owner’s Guide to Beating the New Death Tax endorsed by Burton Malkiel, Jack Tatar, Bill Losey, and Stephan Leimberg. Jim created The Roth IRA Institute—offering professionals in the industry advice and recommendations. His proof of the tax and estate planning advantages of Roth IRA conversions has been peer-reviewed by the top tax journal of the American Institute of . Further, all 15 IRA experts interviewed on his radio show have indicated that most taxpayers, at some point, will benefit from a Roth IRA conversion—and that was before today’s favorable new tax brackets made Roth IRAs even more advantageous. Listen to this informative Sharkpreneur episode with Jim Lange about beating the new death tax. Here are some of the beneficial topics covered on this week’s show: ●    How providing relevant content and pursuing the press helps gain endorsements. ●    Why helping people and the satisfaction of doing a good job feels the best. ●    How your should be so good that you can outspend your competitors. ●    Why you need to stay in front of your clients and keep in touch to serve them. ●    How the best way to obtain new clients is through in-person workshops. Connect with Jim: Guest Contact Info Twitter @rothguy Facebook facebook.com/RothRevolution LinkedIn linkedin.com/in/jameslangecpa YouTube youtube.com/user/retiresecure Links Mentioned: paytaxeslater.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jim Lange is an attorney, certified public accountant and a retirement authority. He is also a six-time best-selling author. Jim has been quoted 36 times in the Wall Street Journal. He was featured recently in the Forbes Magazine Feb. 2019 cover story about Roth IRAs. Jim Lange began his career as a CPA with a big firm in Pittsburgh, going to law school in the evening and operating a small tax preparation business on the side. When he graduated from Duquesne Law School he decided to hang out his own shingle and turn his side business into a full-time career. More than 30 years later, the Lange Financial Group has scores of happy tax, legal, and investment clients who trust them with their financial future and their family's legacy. Jim and his team have drafted over 2,300 estate plans using Lange's Cascading Beneficiary Plan™, the most practical and flexible estate plan for retirement plan owners. He also owns and operates a CPA firm and a Registered Investment Advisory firm where he combines low-cost index investment, financial planning, Social Security analysis, tax preparation, and estate planning to his clients.   In this episode, Doug and James Lange discuss:           The strategy of not paying taxes now but instead paying them later.          Discover how to save your family thousands of dollars using one foundational tax principle.          The best source of money to spend and save the most amount of taxes.   Key Takeaways:           The Roth IRA          There are three types of money, 1) traditional IRAs, 2) after-tax dollars and 3) Roth IRAs          The foundational principle applies to each stage including the contribution, distribution, and estate planning.   "Don't pay taxes now, pay taxes later except the Roth IRA or Roth IRA Conversion." —  James Lange   Connect with [Guest Name]:  Twitter:   @rothguy Facebook:   James Lange Website:   https://paytaxeslater.com/the214mistake Email:   admin@jameslange.com Amazon book link-The $214,000 Mistake – How to Double Your Social Security and Maximize Your IRAs: Proven Strategies for Couples Age 62 – 70. YouTube: RetireSecure LinkedIn: James Lange       Get your free E-Book 5 Ways to Make Money Podcasting at www.Turnkeypodcast.com/gift Check out the "Entrepreneur's Toolkit" Giveaway      Partner Links: Amazon.com: Click before buying anything. Help support the podcast. Acuity Scheduling: Stop wasting time going back and forth scheduling appointments     Audio production by Turnkey Podcast Productions. You're the expert. Let us help you prove it.  

Jim Lange is an attorney, certified public accountant and a retirement authority. He is also a six-time best-selling author. Jim has been quoted 36 times in the Wall Street Journal. He was featured recently in the Forbes Magazine Feb. 2019 cover story about Roth IRAs. Jim Lange began his career as a CPA with a big firm in Pittsburgh, going to law school in the evening and operating a small tax preparation business on the side. When he graduated from Duquesne Law School he decided to hang out his own shingle and turn his side business into a full-time career. More than 30 years later, the Lange Financial Group has scores of happy tax, legal, and investment clients who trust them with their financial future and their family’s legacy. Jim and his team have drafted over 2,300 estate plans using Lange’s Cascading Beneficiary Plan™, the most practical and flexible estate plan for retirement plan owners. He also owns and operates a CPA firm and a Registered Investment Advisory firm where he combines low-cost index investment, financial planning, Social Security analysis, tax preparation, and estate planning to his clients.   In this episode, Doug and James Lange discuss:           The strategy of not paying taxes now but instead paying them later.          Discover how to save your family thousands of dollars using one foundational tax principle.          The best source of money to spend and save the most amount of taxes.   Key Takeaways:           The Roth IRA          There are three types of money, 1) traditional IRAs, 2) after-tax dollars and 3) Roth IRAs          The foundational principle applies to each stage including the contribution, distribution, and estate planning.   "Don’t pay taxes now, pay taxes later except the Roth IRA or Roth IRA Conversion." —  James Lange   Connect with [Guest Name]:  Twitter:   @rothguy Facebook:   James Lange Website:   https://paytaxeslater.com/the214mistake Email:   admin@jameslange.com Amazon book link-The $214,000 Mistake – How to Double Your Social Security and Maximize Your IRAs: Proven Strategies for Couples Age 62 – 70. YouTube: RetireSecure LinkedIn: James Lange       Get your free E-Book 5 Ways to Make Money Podcasting at www.Turnkeypodcast.com/gift Check out the "Entrepreneur’s Toolkit" Giveaway      Partner Links: Amazon.com: Click before buying anything. Help support the podcast. Acuity Scheduling: Stop wasting time going back and forth scheduling appointments     Audio production by Turnkey Podcast Productions. You're the expert. Let us help you prove it.  

Uncertainly has long been the enemy of estate planning as family, financial, and even legal circumstances can change dramatically over time. An estate plan that is intricately thought through and in-line with your testamentary intent today could be inappropriate once you die. However in the early nineties, Jim began thinking creatively about this problem. Lange’s Cascading Beneficiary Plan, as it came to be called, uses specific language and disclaimers to provide the most flexibility when it is needed the most—at the time of the death of the first spouse when the surviving spouse and the family have the most current picture of their finances and family dynamics. No more guess work decades in advance. The plan was first picked up by Jane Bryant Quinn in 2001 and published in Newsweek and from there it has been featured in peer-reviewed journals and in dozens of major publications like The Wall Street Journal and Kiplinger’s. Lange Legal Group, LLC has drafted 2,444 estate planning documents to date, most of which incorporate elements of this superb plan. Tonight on The Lange Money Hour, our lead estate attorney, Matthew Schwartz and Jim will discuss Lange’s Cascading Beneficiary Plan in detail as well as offer examples of how beautifully it has worked out over time for our clients and their families. Using disclaimers, this plan can offer great tax benefits, but it also gives the opportunity to provide children with some inheritance money earlier than at the death of both of their parents—that can be very helpful especially during the years when they are raising your grandchildren or trying to send them to college. Tonight, Matt and Jim will shed fresh light on how Lange's Cascading Beneficiary Plan uses disclaimer planning and specialized language to help IRA and retirement plan owners prepare for the unknown. You will learn: The details of the plan: how and why it works What disclaimer planning entails How to include a disclaimer in your estate plan The downsides of disclaimers The tax implications of disclaimers How Lange's Cascading Beneficiary Plan might be even more useful when the Death of the Stretch IRA legislation passes.

In this episode of The Lange Money Hour: Where Smart Money Talks, CPA/Attorney and retirement and estate planning expert Jim Lange will discuss his flexible estate planning techniques – focusing in particular on Lange’s Cascading Beneficiary Plan. We all face uncertainty when it comes to predicting who the ideal beneficiary for any given asset will be at the time of our death. We don’t know how much money there will be because we can’t know how the market will perform. There is uncertainty about which family members will have the greatest financial need at the time of our death. Will there be an expensive illness that will mean our surviving spouse needs all of the money? Or perhaps our spouse will have plenty of money, and our children or grandchildren could use the money more. If you draft estate planning documents that don’t account for changing circumstances, your heirs likely won’t get the full benefits of your assets. This strategy, which has been featured in The Wall Street Journal, Newsweek, and Kiplingers involves naming primary and contingent beneficiaries to your IRA or estate plan. What makes it so effective is the concept of “disclaiming” – the idea that each beneficiary can disclaim – or “pass” – on accepting an IRA or other assets. This allows the primary beneficiary to take the assets for themselves, or to say “I don’t need it,” and pass it to the next beneficiary in line. This episode will lay out how flexible estate planning cannot only help get your money into the right hands after your death, but can actually save your heirs thousands – or even hundreds of thousands – of dollars. And Jim will discuss how these techniques are likely to be affected by the looming “Death of the Stretch IRA.”

The 5th Episode of the Lange Money Hour, Jim discusses his revolutionary estate planning plan, Lange's Cascading Beneficiary Plan. What is it? Well in his own words: In the early nineties, I began thinking creatively about this problem. My objective was to revolutionize my firm’s estate planning practice by drafting documents that could accommodate changing circumstances—the key, as I saw it, would be flexibility within a reasonable set of assumptions. Lange’s Cascading Beneficiary Plan, as it came to be called, uses specific language and disclaimers to provide the most flexibility when it is needed the most—at the time of the death of the first spouse when the surviving spouse and the family have the most current picture of their finances and family dynamics. We were aiming for less guesswork decades in advance! You can read about the Lange Cascading Beneficiary Plan on Jim's website paytaxeslater.com in the blog section!