ten tax planning tips for family trust to protect our loved
Zoom Recording
Ten Topics
1. Family trust and will: which is which?
2. Family trust key clauses from a CPA’s view
3. Family trust asset by assets
4. Family trust and family bank
5. Family trust and family foundation
6. Family trust and cash value life insurance for each family member
7. How to design your post-life asset distribution waterfall?
8. How to fund your living trust: ten asset types (house, car, bank account, brokerage account, 529, crypto, small business and retirement account)
9. How to select a successor trustee?
10. How to maximize life time estate exclusion amount within spouses?
Need tax consult?
Calendly - Mike, CPA, CFP, CFA, EA, Certified Tax Advisor
- template for tax clauses
- asset by asset tax planning
- special situation tax advice
OPM Fork in the Road – What is Your Next Step?
Fork in the Road FAQs https://www.opm.gov/fork
When OPM released its FAQ, federal employees are facing a choice of early retirement or sticking to your current job for an uncertain period of time.
Smart 1040 with CAPA NoVA hosts this tax planning workshop for federal employees.
- Workshop in English
- Ten tax planning strategies
- Establish your plan B
- Register at $100 (all donated to CAPA, a non profit to support L.A. fire victims or Fairfax county families who lost their loves ones in the DCA airplane tragedy)
Ten Tax Strategies
1. Obtain your GRB dashboard report
2. Study your early retirement eligibility such as MRA + 10, 50/20, and 62/5 rules
3. Download your TSP year end statement
4. Options to take out TSP money without 10% early withdrawal penalty
5. 50-59.5 SEEP rule 72t
6. 55-59.5 flexible drawing
7. Other exceptions in form 5329 such as medical and college tuition
8. FEHP continuing coverage
9. Re polish your resume and practice job interview questions
10. Get new skills including AI license
Workshop Log In
https://zoom.us/j/8782712588; Password: 219219
Friday, 1/31/2025, 8:30pm Eastern
rocket dollar founder henry yoshida speaks to capa nova
A self-directed IRA (individual retirement account)
While cryptocurrency might be a hot topic, alternative investments are not a new concept. Investing in LLCs, real estate, or precious metals has always been an option.
What is a Self-Directed IRA?
This investing process can make self-directed IRAs a bit more complicated to manage for the beginning investor, but the benefits a self-directed IRA presents can be worth the additional time investment.
Time and Date
1/21/2025 8:30 PM Eastern
capa bc tax workshop #4: All about your 401(K)
Time and Date
Tuesday 8:30 pm (1/14/2025) CAPA BC: “10个关于员工401(k)计划的税务规划策略,”IN CHINESE. FREE
Topics to cover
1. My 9-5 job: max and out
2. My current job 401(K): performance vs. S&P500 index fund
3. Should I invest my 401(K) into target date fund?
4. My ex-job 401(K): what to do with it?
5. 401(K) and IRA: which is better? Can I have both?
6. Backdoor Roth IRA and solo 401(K) combo
7. My small business solo 401(K) account
8. Solo 401(K), SEP IRA and SIMPLE IRA: which works better?
9. Can I set up 401(K) for my child (age 14)?
Traditional 401(K) vs. Roth 401(K): what is the ideal split?
Zoom ID
https://zoom.us/j/8782712588; Password: 219219
tax planning strategies for early retiring federal employees
Tax Planning
Topic 1: Federal pension: Federal Employees Retirement System (FERS) strategies
Topic 2: Medicare and Federal Employee Health Plan interplay
Topic 3: Social security benefit tax planning
Topic 4: TSP (federal 401K) rollover and Roth conversion
Topic 5: Reboot your new career path at age 62
Topic 6: Rediscover your new purpose post retirement
Zoom class four weeks
Sign up if you are purged or DOGE’d. $200 per sign up. Sponsored by CAPA NoVA
Retirement workshop: how to retire overseas tax efficiently?
Speakers
Karl Yap, and his daughter, Narisa Yap, will be sharing a multi-year, multi-generational journey into retirement and global nomadic living. The journey of four family members began in Cupertino, CA taking on a short stint to Vancouver, WA and onto a new life traveling across East and Southeast Asia
Agenda
Decision making process to leave US and travel in retirement
Home sale via 1031 exchange and downsizing decades of stuff
Cost of living expenses in different countries
Practical advice for living abroad and maintaining US residency ties
capa bc retirement tax workshop (#2/6): Social security bene
Social Security Benefits Publication
1. Full Retirement Age (FRA)
2. Early Retirement
3. Delayed Retirement Credits
4. Working While Receiving Benefits
5. Spousal Benefits
6. Survivor Benefits
7. Taxation of Benefits
8. Medicare Eligibility
Social Security Benefit Strategies - Ten Case Studies
Husband and Wife
Single
Age 62, 67, 70
Survival spouse benefit
Ex-survival spouse benefit
Social Security Benefit Tax Simulation - Eight Cases
Traditional IRA, Roth IRA, Real Estate Rental, Sell Socks, and Charity Giving
Date and Time
Tax planning for near-retiring or retirees (Six week)
CAPA NoVA Sponsored Event
Zoom Class Every Thursday 9pm ET from 10/24/2024
Content (subject to adjustment)
1. Ten 401K and IRA combinations
2. Grandparents tax strategies
3. Ten Social security benefits strategies
4. Longevity, life style, liquidity and loneliness
5. Real estate, retirement, reeducate and rediscover
6. Ten tax strategies for high net worth retirees
Registration
QR Code. $300 tuition. Half donate to CAPA, non profit
低收入群体的退休规划
CAPA BC 主办的退休系列税务讲座 第一讲
10/8/2024 美东晚8:30
Meeting Room is https://zoom.us/j/8782712588; Password: 219219
内容简介
1 十个低收入的退休人员福利
2 十个社会保障金的提取方式
3 十个将收入和资产优化的方式
Our Mission
Smart tax; smart family; smart life
Smart1040.us