On December 22, 2017, the President signed the Tax Cuts and Jobs Act of 2017. Many may be wondering how these new changes will affect their personal finances. Others may also be wondering if the changes mean a change in strategy for saving for retirement, as well as saving for their child’s education.
We will explore the possible effects of some of the changes created by the new tax law on the key specific issues dealing with individual retirement plans, employer sponsored plans, education savings accounts, charitable giving and other tax favored savings plans. Watch this webinar presented by John Paul Ruiz, Director of Professional Development at The Entrust Group and learn about:
• The effect of the marginal tax rates for 2018 distributions
• Making Traditional IRA vs Roth IRA contributions
• The repeal of recharacterizations
• The penalty exemption for medical expenses
• The addition of elementary and secondary schools for 529 plans
Date: January 24, 2018
Duration: 57 min
Speaker: John Paul Ruiz, Director of Professional Development at The Entrust Group