{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64bacf2677b8c7001140a0a0/67210584a73223e19b1d8759?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"EP16: Upcoming Tax Changes and Year-End Planning for Seniors","description":"<p>As the year-end approaches, tax planning is top of mind for many seniors. In this episode, host Vivian Arias sits down with Nadia Keric, a Certified Financial Planner specializing in family wealth management, estate planning, and charitable giving strategies, to discuss the most impactful tax changes for seniors to consider before 2025.</p><p><br></p><p><strong>In this episode, they discuss:</strong></p><ul><li><strong>Required Minimum Distributions (RMDs):</strong> Key points for compliance, including how timing can maximize interest and minimize penalties.</li><li><strong>Charitable Giving from RMDs:</strong> How seniors with charitable interests can leverage RMDs for tax advantages.</li><li><strong>Tax Bracket Strategies:</strong> Managing various income sources to optimize tax brackets, potentially reducing tax liabilities.</li><li><strong>Tax Deductions in Life Plan Communities:</strong> Leveraging the initial and ongoing medical expense deductions available in Life Plan Communities.</li><li><strong>Estate Planning Changes:</strong> Important changes to the federal estate tax exemption and strategies for high-net-worth individuals ahead of 2025.</li><li><strong>Year-End Checklist:</strong> Essential actions for seniors to maximize tax benefits, including tracking medical expenses, charitable contributions, and reviewing capital gains implications.</li></ul><p><br></p><p><strong>Memorable Quotes:</strong></p><ul><li>\"For clients with charitable intent, using RMDs to make direct donations can provide a significant tax advantage.\"</li><li>\"Transitioning to a Life Plan Community offers ongoing medical expense deductions, often overlooked but highly beneficial for tax savings.\"</li><li>\"Upcoming changes to the estate tax exemption and tax brackets mean now is the time to plan for a seamless transition into the post-2025 landscape.\"</li></ul><p><br></p><p><strong>Resources:</strong></p><p>Find out more about Vi Living at our Website: <a href=\"https://www.viliving.com/\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.viliving.com/</a></p>","author_name":"Pamela Fultz"}