BASKING RIDGE, NJ– Walter Pardo, Managing Partner of Wealth Financial Partners, LLC and WFP Tax Partners, LLC completed his semiannual training from America’s IRA Experts with Ed Slott and Company, LLC in Kansas City, Missouri May 18-20, 2017. 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, 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 Walter, who has been associated with our advanced training program for 8 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 included: estate tax reduction strategies; advanced IRA trust planning, including strategies to help protect clients’ assets; charitable IRA rollovers; retirement account beneficiary planning, including common mistakes to avoid when naming a spouse or non-spouse beneficiary; inherited IRAs and spousal rollovers, tax planning for investment income; Roth conversions and IRA withdrawal strategies; strategic senior planning; and advanced case studies and rulings on personal loan guarantees and the disqualification of IRAs, the risk involved with nonconventional IRA investments, efficient income streams, including the differences between reverse mortgages and annuities, naming trusts as IRA beneficiaries, the tax implications of poor IRA planning, and more.
Training was provided by Ed Slott and Company’s team of retirement experts, including Ed Slott, CPA; Jeff Levine, CPA/PFS, CFP®; Beverly DeVeny; and Sarah Brenner, JD and included a review of case studies and rulings that impact IRAs and retirement planning overall. Ed Slott and Company’s team of retirement experts, along with 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 receive year-round access to Ed Slott and Company’s team of retirement experts for ongoing advanced planning support, as well as step-by-step processes, including the Complete IRA Care Solution™ 33-module planning guide, worksheets and pamphlets, including The Definitive Guide to Required Minimum Distributions for Baby Boomers, and more to use when working with clients.
“After attending this training workshop, I am excited to return home to New Jersey, 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 and extensive coverage of advanced case studies, which enables 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 Pardo.
“Now more than ever, it’s important that people are working with financial professionals who have specialized knowledge and training in what I call the ‘second half of the game’: the distribution phase of retirement,” said Slott. “Advisors not specifically trained in the intricacies of advanced planning may not understand how to effectively build an exit strategy for their clients’ assets and may fail to create a plan that will get them through retirement. Members of Ed Slott’s Master Elite IRA Advisor GroupSM receive specialized training on the latest distribution strategies for building a reliable retirement income, allowing them to better assist their clients with protecting their assets and maximizing their life savings.”
ABOUT ED SLOTT AND COMPANY, LLC: Ed Slott and Company, LLC is the nation’s leading provider of technical IRA training for financial advisors, CPAs and attorneys. Membership in Ed Slott’s Elite IRA Advisor GroupSM is limited to the top financial professionals in the United States, with nearly 400 professionals dedicated to the ongoing training and mastery of advanced retirement account and tax planning laws and strategies. Mr. Slott is a nationally recognized IRA distribution expert, best-selling author, professional speaker, and host of several public television specials, including “Ed Slott’s Retirement Road Map!” Visit http://www.irahelp.com for more information.
ABOUT WEALTH FINANCIAL PARTNERS & WFP TAX PARTNERS:
Wealth Financial Partners and WFP Tax Partners are independent retirement & tax planning and wealth management firm based out of Basking Ridge, New Jersey with expertise in financial life planning including investments, long-term care insurance, life insurance, 401(k) rollovers, retirement planning, tax planning and wealth conservation. Through strategic partnerships and a proactive team approach we are able to provide access to trusted estate planning attorneys, real estate attorneys and CPA’s to create cohesive, holistic financial life plans for our clients.
For more information about WealthFinancialPartners, LLC, or WFP Tax Partners (877) 714-2362
106 Allen Road, Suite 104, Basking Ridge, NJ 07920 email@example.com
Securities and advisory services are offered through Independent Financial Group, LLC (IFG), a registered broker-dealer and investment advisor. Member FINRA/SIPC. Wealth Financial Partners and IFG are unaffiliated entities. OSJ Branch: 12671 High Bluff Dr. Ste 200 San Diego, CA 92130 licensed in: CA, FL, GA, KS, MN, NY, NJ, IL, PA, OH, SC, CT.