Members of Ed Slott’s Master Elite IRA Advisor GroupSM Attend Semiannual Workshop on the Latest Retirement Account Planning Strategies, Estate Planning Techniques and Tax Laws
Frank Oliver, President and Founder of Oliver Asset Management completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC by participating in a workshop that took place April 27-28, 2023. The invite-only workshop was attended by members of Ed Slott’s Master Elite IRA Advisor GroupSM; it provided in-depth technical training on advanced retirement account planning strategies, tax law changes and estate planning techniques. The workshop also featured a 2023 update on the SECURE Act 2.0 with insight on its most impactful provisions, including the delayed RMD age, new early distribution penalty exceptions and several of the Roth IRA provisions such as 529 plan rollovers.
“It’s only been a few months since another SECURE Act was signed into law and even though the goal was to expand retirement savings access for Americans, it’s unfortunately created even more confusion for consumers and advisors alike,” said Ed Slott, CPA, founder of Ed Slott and Company, AARP columnist, Professor of Practice at The American College of Financial Services® and nationally recognized IRA Expert who was named “The Best Source for IRA Advice” by The Wall Street Journal. “Due to these complex, everchanging laws, it’s more important than ever for advisors to be up-to-speed on the latest retirement planning strategies so they can be vigilant and help ensure clients avoid costly mistakes,” he continued.
“I commend Oliver for continuously prioritizing his education and going above and beyond to deliver informed and accurate financial guidance to his clients in a time when it’s needed most. With this ongoing training, Oliver can offer the latest insight on any necessary updates one may need now and into the future.”
Training highlights from this event included:
- An updated look at retirement plan payouts to beneficiaries since the IRS released its proposed SECURE Act RMD Regulations and the SECURE Act 2.0 was passed
- A deep dive on SECURE Act 2.0 policies, including:
- Changes to Qualified Charitable Distributions (QCDs)
- Changes to Qualified Longevity Annuity Contracts (QLACS)
- New 10% early-distribution penalty exceptions
- Updates on the increased RMD age, RMD penalties and lifetime RMD distributions
- Roth IRA changes, including 529 to Roth rollovers and the elimination of lifetime Roth 401(k) RMDs
- A comprehensive IRA update on the latest IRA tax law changes, new tax strategies, rulings, court cases and planning opportunities
- A special presentation by David McKnight, bestselling author of The Power of Zero, on how to retire in the 0 percent tax bracket
Guest speaker Denise Appleby, MJ, CISP, CRC, with Appleby Retirement Consulting, Inc hosted a breakout session on the critical rules for moving retirement accounts, while guest speaker Martin James, CPA/PFS, with Martin James Investment & Tax Management, Inc., hosted another breakout session on creative tax strategies for Roth conversions. Guest speaker Shannon L. Evans, J.D. presented on creditor protection for IRAs and company plans. Members also reviewed relevant, advanced case studies and private letter rulings.
Training was provided by Ed Slott and Company’s team of retirement experts, including Ed Slott, CPA; Sarah Brenner, JD; Andy Ives, CFP®, AIF®; Ian Berger, JD; and Shannon Evans, Esq. 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 intimate knowledge and advanced expertise in all areas of retirement accounts and distribution planning. This workshop also provided approved continuing education (CE) credits through The American College, CFP® Board, IRS and NASBA for retirement savings and income planning, federal tax law topics, general financial education, and accounting.
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 a variety of advanced planning topics. The membership also includes workshops, webinars, tax law updates, step-by-step processes, such as the Complete IRA Care Solution™ 30-module planning guide, and so much more. Members also have access to proprietary worksheets, pamphlets and presentations, including a 7-step checklist for IRA trust planning after the SECURE Act, SECURE 2.0 key effective dates, and tips to disarm the new retirement savings time bomb as seen in Ed Slott’s latest best-selling book and public television special that they can use when working with clients.
“The way we plan for retirement is always evolving, and this year is no exception,” said Oliver. “That’s why continuing education always has and will continue to be a top priority of mine. As a member of this prestigious group of financial professionals, I have an endless number of resources at my fingertips, ensuring that I always have access to the most up-to-date information and backed by a team of IRA Experts that can help me behind the scenes.”
“I am extremely proud of every member of our ongoing study group, as these top advisors are stepping up to guide Americans during an uncertain time in our country,” said Slott. “With each year, comes a new set of retirement and tax planning laws and policies and our members are leading the way in the industry, armed with the knowledge needed to help navigate their clients through these everchanging times.”
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 500 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 Ed Slott's Retirement Freedom! and is also the co- host of The Great Retirement Debate podcast, available on all major platforms, including Spotify, Apple, Stitcher, and Amazon. Visit irahelp.com for more information.
ABOUT OLIVER ASSET MANAGEMENT: Frank has always had a passion for helping people as it pertains to their finances, so he opened a specialized financial firm that provides customized retirement strategies. Frank’s extensive education and experience working with hundreds of clients for nearly two decades, positions him to have very clear insight into effective planning procedures.
Along with creating the T.I.M.E.™ process, Frank is a member of the nation’s most exclusive group of financial advisors: Ed Slott’s Master Elite IRA Advisor Group. In addition to Frank’s IRA knowledge, he has spent significant time educating himself on advanced Social Security strategies, greatly aiding him in designing the most efficient retirement plans. Frank has also trained and coached fellow financial advisors across the country on advanced planning techniques, so they too can assist their clients as efficiently as possible.
Frank maintains both his securities and life insurance licenses in order to offer a diverse selection of investment and insurance options for his clients.
Advisory services offered through CreativeOne Wealth, LLC a Registered Investment Adviser. CreativeOne Wealth, LLC and Oliver Asset Management are unaffiliated entities.
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