Members of Ed Slott’s Master Elite IRA Advisor GroupSM Studied Latest Retirement Account Planning Strategies, Estate Planning Techniques and Tax Laws at Semiannual Workshop

Liberty Corner, NJ – Walter Pardo, certified wealth strategist at Wealth Financial Partners completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC in Coronado, Calif. October 25-27, 2018. 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 2018 year-end retirement planning deadlines and opportunities.

“There are several year-end to-dos that financial professionals should guide their clients through including taking required minimum distributions by the December 31 deadline and considering a qualified charitable distribution, which is now more desirable than ever under the new tax laws. In fact, several year-end financial moves have been impacted by tax reform, so I can’t stress enough the need for financial professionals to educate themselves on the latest strategies,” 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 Pardo, a member of our advanced training program for 8 years, for staying current with his retirement planning education. With this ongoing training, Pardo can better instruct his clients on year-end moves to help reduce their tax liability and avoid costly penalties.”

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Highlights from this event included: IRA planning strategies that should be used now before tax season; Medicare income planning and IRA strategies that can cut Medicare costs for high income earners; 2018 retirement plan contributions limits and estate tax rates; key retirement, tax and estate planning provisions affected by the Tax Cuts and Jobs Act including the repeal of Roth recharacterizations, the confirmation of back-door Roth contributions and the repeal of many itemized deductions; a look at Roth conversions when a trust is the IRA beneficiary; strategic retirement account moves to consider during market volatility; a close look at spousal rights in retirement plans under the Employee Retirement Income Security Act of 1974 (ERISA) and training on advanced spousal rights; how excess IRA contributions occur, how to fix them and the various correction options available to financial professionals; inherited IRAs, strategies for protecting the funds for beneficiaries and a look at creditor protection cases; dealing with ineligible Roth IRA contributions; a look at advanced IRA cases and rulings and more.

Training was provided by Ed Slott and Company’s team of retirement experts, including Ed Slott, CPA; Beverly DeVeny; Sarah Brenner, JD and Jeremy Rodriguez, JD. Ed Slott and Company and many of the advisors in Ed Slott’s Master Elite IRA Advisor GroupSM are the go-to resources for attorneys, CPAs and other financial advisors because of their in-depth knowledge and expertise in all areas of retirement account and income planning.

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 19 Things to do for 2019: Holiday Client Conversations and Ed Slott’s 2018 Retirement Decisions Guide, that they can use when working with clients.

“While my clients are busy preparing for the holiday season, I consider it my personal responsibility to help them plan for important end-of-year financial moves,” said Pardo. “Proactive planning like this provides my clients confidence that they’ll end the year right and start the new year strong.”

“Tax reform has many wondering whether or not their retirement plan is up-to-date and as the end of the year approaches, it is especially important to make sure you’re taking advantage of new tax laws and strategies,” said Slott. “Working with one of our members helps ensure that you’re in the hands of a well-trained, qualified professional that prioritizes both their ongoing education and your needs.” 

Pardo can be contacted for more information on IRA and retirement-related questions. Please visit www.wealthfinancialpartners.com or call (877) 714-2362.

ABOUT ED SLOTT AND COMPANY, LLC: Ed Slott and Company, LLC is the nation’s leading provider of technical IRA education for financial advisors, CPAs and attorneys. Ed Slott’s Elite IRA Advisor GroupSM is comprised of nearly 400 of the nation’s top financial professionals who are dedicated to the mastery of advanced retirement account and tax planning laws and strategies. Slott is a nationally recognized IRA distribution expert, best-selling author and professional speaker. He has hosted several public television specials, including “Retire Safe & Secure! with Ed Slott.” Visit irahelp.com for more information.

About Wealth Financial Partners: Our team has over 40 years of combined experience working with and being referred by a roster of affluent families and business owners. Our clients see us as their wealth strategist, life coach, and most importantly, as their trusted advisor. We are an independent private wealth management firm that has been delivering personalized service to families and business owners nationwide and are headquartered in the historic Liberty Corner section of Basking Ridge in New Jersey.

Registered Representative offering securities and advisory services through Independent Financial Group, LLC (IFG), a registered broker-dealer and investment advisor. Member FINRA/SIPC. Wealth Financial Partners, LLC and IFG are unaffiliated entities. OSJ: 12671 High Bluff Dr. Suite 200 San Diego, CA 92130.