Financial Wellness Decoded

The official podcast of the FPA of NJ. Hosted by Lawrence Eichen, Esq., and featuring members of the FPA of NJ, this podcast will delve into essential topics, including informing consumers about critical issues they need to know about investing, explaining different types of investments and how they fit into financial planning, providing updates about what the FPA of NJ does for our community, and current events that effect the future of the financial planning industry. To find out how to be featured in a future podcast, email sweiss@onefpa.org.

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Financial Wellness Decoded

Financial Wellness Decoded Episode 1

August 04, 2020 • FPA of NJ

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