Like most everything else in 2020, taxes are a little different this year. It is essential that you understand the short-term and long-term rules and regulations that guide how much you will pay to Uncle Sam. Financial professionals Joe Anderson and Alan Clopine guide you through the ins-and-outs of the changes in the tax acts and give you the tools and strategies to help limit your tax bill. Pure Financial Advisors' Senior Financial Planner Peter Keller, CFP®, AIF® joins the duo to discuss the benefits of charitable strategies such as a donor-advised fund (DAF) and a qualified charitable distribution (QCD). Important Points: (00:45) – Taxes and Tax Planning (01:35) – Tackle Your Taxes in 2020 -What’s New? -How the Tax Bracket’s Work -Money-Saving Strategies -Last-Minute Opportunities (02:29) – The SECURE Act (03:40) – Elimination of Stretch IRA (05:40) – The CARES Act -Coronavirus Related Distribution (CRD) (09:30) – Taxable Income (11:05) – Roth IRA Conversion
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)