Continuing Education & Monitoring Industry Changes

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At Heritage, continuous education is a cornerstone of our approach, ensuring we provide clients with the most informed and up-to-date retirement planning strategies. Recently, Doug participated in an exclusive workshop organized by Ed Slott’s Master Elite IRA Advisor GroupSM on May 9-10.

This invite-only event offered in-depth technical training covering advanced retirement account planning, the latest tax law changes, and estate planning techniques. Notably, the workshop delved into the SECURE 2.0 Act provisions taking effect in 2024 and addressed the growing concerns around financial scams targeting retirees.

Guest speakers shed light on various types of scams and shared insights on identifying and avoiding these fraudulent schemes. As retirement planning continues to evolve, staying ahead of regulatory changes and potential risks is paramount for delivering effective guidance to our clients.

As part of this esteemed group of financial professionals, we have access to an abundance of resources, including a dedicated team of IRA Experts supporting us behind the scenes. This ongoing education and support system equip us to navigate the complexities of retirement planning and provide our clients with informed strategies tailored to their unique goals.

“As new laws and policies continue to go into effect, the landscape of retirement planning continues to shift, presenting both opportunities and complexities which result in more confusion than ever before for many Americans. This has ultimately raised the demand for heightened attention from both consumers and advisors alike when it comes to financial planning,” said Ed Slott, CPA, founder of Ed Slott and Company, Professor of Practice at The American College of Financial Services® and nationally recognized IRA Expert who was named “The Best Source for IRA Advice” by The Wall Street Journal.

Key highlights from the event included:

  • An updated look at the SECURE 2.0 Act, including provisions like new penalty-free withdrawal options, 529-to-Roth IRA rollovers, and the ability to exempt Roth plan dollars from lifetime RMD calculations.
  • Advanced insights on Roth SEP and Roth SIMPLE plan contributions, which became available in 2023 but faced implementation challenges.
  • Identification of “red flag” scams, such as using multiple entities to conceal illegal IRA transactions, making unrealistic claims, or misusing legal tax breaks to legitimize investment opportunities.
  • A comprehensive IRA update on the latest tax laws, rulings, court cases, and planning opportunities.
  • A special presentation by Robert Powell, CFP®, RMA®, Editor/Publisher of Retirement Daily on TheStreet, discussing safeguarding wealth and navigating today’s most perilous financial scams.

By prioritizing continuous education and staying ahead of industry changes, we reaffirm our commitment to providing our clients with the most informed and effective strategies for their retirement goals.

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