Thompson completes training with IRA Experts

LOCK HAVEN –Bob Thompson of Diversified Asset Planners, Inc and J. W. Cole Financial, Inc. completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC in Dallas, Texas. May 2-4.

The workshop, which was attended by members of Ed Slott’s Master Elite IRA Advisor GroupSM, provided in-depth technical training on advanced retirement account planning strategies, estate planning techniques and new tax laws, as well as a proactive look at legislation currently being considered by Congress that would bring significant changes to the way Americans plan for retirement.

“Right now, Congress is looking at two different bills that would dramatically impact key retirement planning strategies. Both the SECURE Act in the House and RESA in the Senate are gaining momentum, and it’s crucial that financial professionals are paying attention to these potentially major changes,” 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. “As a member of our advanced training program for four years, Thompson is part of an exclusive group of elite financial professionals that have continuously prioritized their retirement planning education. With this ongoing training, Thompson can better educate his clients on these proposals and can offer the latest insight on how best to prepare for any necessary updates their financial plan may need.”

Training highlights from this event included: Key 2019 tax planning strategies such as estate and gift exemption planning, qualified business income deduction planning and qualified charitable distributions; evaluation protocols for recommending an IRA rollover; advanced IRA estate planning and tax planning for special needs beneficiaries; recharacterizing IRA contributions; a look at tax court cases that ruled on the disability exception to the 10% penalty; five key rules for doubling 2019 contributions; a look at advanced IRA case studies and rulings including ERISA protection lost after an IRA rollover, IRA bankruptcy protection, inherited IRAs and divorce, IRA trusts and more.

Members of Ed Slott’s Master Elite IRA Advisor GroupSM have year-round access to Ed Slott and Company’s team of retirement experts for consultation on advanced planning topics. The membership also includes step-by-step processes, including the Complete IRA Care Solution 30-module planning guide. Members also have access to proprietary worksheets and pamphlets, including five Must-Know IRA Strategies for the Great Wealth Transfer and Ed Slott’s 2019 Retirement Decisions Guide, that they can use when working with clients.

“The laws surrounding retirement and tax planning are constantly changing and as a financial professional, it can be difficult to stay on top of the latest policy changes,” said Thompson. “Through my membership with Ed Slott and Company, I am confident that I am up-to-speed on the latest retirement laws and strategies and have access to a team of IRA experts should I need advanced support to help my clients navigate difficult and unique financial planning situations.”

“Some of the biggest proposed changes Congress is considering is repealing the maximum age for IRA contributions and raising the age for required minimum distributions from 70.5 to 72,” said Slott. “While these changes would make it easier for Americans to grow their nest egg, it’s also crucial they are working with an advisor that is privy to the latest retirement planning laws and strategies. The members of our organization are well-trained, qualified professionals that prioritize both their ongoing education as well as your individual needs.”

——

Thompson can be contacted for more information on IRA and retirement-related questions. Please call Bob @ 570-748-3475.

COMMENTS