Bob Thompson completes training from IRA experts
LOCK HAVEN — Bob Thompson of J. W. Cole Financial, Inc. completed his semiannual training from America’s IRA Experts with Ed Slott and Company, LLC in Kansas City, Missouri May 18-19.
The workshop, which was attended by members of Ed Slott’s Elite IRA Advisor GroupSM, provided in-depth technical training on advanced retirement account planning strategies, estate planning techniques, and new tax laws, including an emphasis on tax reduction methods for retirees as they transition into the distribution phase of retirement.
“Taxes are the single biggest factor impacting a nest egg in retirement, but many fail to realize the importance of mitigating taxes as you begin withdrawing money from your retirement account(s). Many advisors say they are retirement planning specialists, but few have received specialized training in how to manage taxes during the distribution phase of retirement,” said Ed Slott, CPA, founder of Ed Slott and Company and a nationally recognized IRA expert who was named “The Best Source for IRA Advice” by The Wall Street Journal.
“I commend Thompson, who has been associated with our advanced training program for two years, for staying current with his retirement planning education so that he can best serve his clients as they transition into retirement.”
Highlights from this event include: estate tax reduction strategies; advanced IRA trust planning, including an update on IRA creditor protection and strategies to help protect clients’ assets; charitable IRA rollovers; lump-sum distribution tax breaks; inherited IRAs and spouse/non-spouse beneficiaries; tax breaks for retirement plan beneficiaries; tax planning for investment income; income in respect of a decedent, including double taxation on inherited assets; Roth conversion and IRA withdrawal strategies; strategic senior planning; and more.
“After attending this training workshop, I am excited to return home to Lock Haven knowing that I am up-to-speed on the latest information in tax and retirement account planning and can serve my clients and community with advanced planning strategies. Ed Slott and Company’s team of retirement experts provides me with in-depth training, enabling me to apply my knowledge and skill set when facing real-world scenarios. With this specialized, hands-on training, I am confident in my ability to provide my clients with accurate, up-to-date advice,” said Thompson.
Thompson can be contacted for more information on IRA and retirement-related questions. Please visit www.diversifiedassetplanners.com or call 570-748-3475.