Tag: Retirement Planning
Understanding How to Plan for Required Minimum Distributions (RMDs) (Ep. 34)

Understanding How to Plan for Required Minimum Distributions (RMDs) (Ep. 34)

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Required Minimum Distributions (RMDs) are a crucial and essential aspect of retirement planning, yet how they work is an often misunderstood concept.

How do RMDs impact your financial strategy, and what can you do to manage them effectively? Are there ways that attorneys can better serve their clients by understanding the nuances of RMDs?

In this episode, host Greg DuPont defines and explains the concept of RMDs, their significance, and strategies for managing them effectively to benefit your financial plan. He emphasizes the importance of proactive planning in order to take these payments into account and not be surprised later down the line. He also unpacks the important role of attorneys in educating and in guiding their clients through these financial decisions.

Greg discusses: 

  • Definition and Importance: What RMDs are and why they matter in retirement planning
  • Tax Implications: How RMDs affect taxable income and the potential for higher tax brackets in retirement
  • Strategies for Management: Options like Roth conversions and other methods to minimize tax impact
  • Role of Attorneys: How estate planning attorneys can help clients navigate RMDs and improve their financial outcomes
  • And more!

 

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Awakening to Risk: Attorneys and the Future of Markets (Ep. 26)

Awakening to Risk: Attorneys and the Future of Markets (Ep. 26)

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In the face of impending market changes, how can families plan to safeguard their financial future?

In this episode of March to a Million, Greg DuPont explores the urgent need for a seismic shift in how we perceive financial planning and the crucial role attorneys play in this transformation. He digs into the pressing issues facing the financial market and the impending changes that could reshape our financial futures.

Greg discusses: 

  • His epiphany about the future of the market and its impact on his clients
  • The significance of the 100th anniversary of the Great Depression in relation to current market conditions
  • Strategies for protecting family wealth, including offloading risk and exploring alternative investments
  • The role of insurance companies in providing stability during economic downturns
  • The potential of Bitcoin and real estate as alternative investment options
  • The importance of guaranteed income and the dangers of forced asset liquidation during market crashes
  • Roles that attorneys play in financial advocacy to protect clients’ interests in a comprehensive manner
  • And more!

 

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The Potential of Annuities (Ep. 18)

The Potential of Annuities (Ep. 18)

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Annuities are financial products that offer an income stream, usually for retirees.

However, annuities also have some drawbacks, such as fees, surrender charges, and tax implications. 

How can attorneys help their clients in this subject? Can they fit into their estate plans?

In this episode, Greg DuPont explores the world of annuities. He dives into the reasons behind the hesitation towards annuities, highlighting the disconnect between the product’s benefits and public perception. Additionally, Greg also touches on the evolution of annuities, distinguishing between variable and fixed indexed annuities, and emphasizes the importance of understanding annuities as a tool for preserving, protecting, and transferring assets.

Greg discusses: 

  • The negative perception of annuities and the high demand for the product
  • The various types of annuities, including fixed, variable, and indexed annuities
  • Important factors to consider when selecting annuities
  • A potential market disruption and the role of fixed indexed annuity in providing a financial safety net
  • The importance of providing certainty and control to clients, especially during uncertain market times
  • The importance of continuing to learn annuity principles and incorporating them into estate planning 
  • And more!

 

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