Financial Wellness Decoded

Financial Wellness Decoded Episode 1

August 04, 2020 FPA of NJ
Financial Wellness Decoded
Financial Wellness Decoded Episode 1
Show Notes Transcript

Today's Guest: 

Lisa Casciaro, CPA, CFP®, is the Chairman of the FPA of New Jersey.

Primary Topic:

In this episode, Lisa talks about the NJ Chapter and the benefits it provides to both the public and its members.  Also discussed are the features of the SECURE Act (Setting Every Community Up For Retirement and its Enhancement) and how it impacts both business owners and employees.

Please Note: This Podcast was taped in early April, 2020 and changes have been made to the SECURE Act's legislation and/or rulings subsequent to the taping of this podcast.  Accordingly, any subjects covered in this podcast should be discussed with a financial advisor and/or other professional to address your particular circumstances.

Welcome to the Show Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ 

Introduction and the SECURE ACT 

4:59 Financial Planning Association of New Jersey 

7:28 The SECURE Act - Purpose and Overview 

10:01 Retirement Planning - RMD's - Required Minimum Distributions 

11:30 Estate Planning - Inherited IRA/"Stretch" IRA changes 

12:50 Part Time Workers - criteria for participating in Employer Retirement Plans 

15:57 Investments in Annuities and Rollovers 

17:53 Other SECURE Act changes 

          - Changes in Age Limit Contributions to Retirement Plans  

          - Employer Tax Credits for Sponsoring a Retirement Plan 

20:03 Education Planning - 529 Plan changes 

21:00 New Parents 

22:22 Education Planning - College/529 discussion 

26:00 Income Tax Planning - Filing changes, FSA/HSA Benefits 

32:32 Investment Losses  

34:35 Investment/Income Tax Planning - Asset location