In the latest episode of Amplified Wealth, hosts Austin Hagaman and Adam Armstrong sit down with Jonah Gruda, a tax expert and Partner at Withum, to explore the intricate world of tax planning in these uncertain times. As we approach significant legislative shifts, understanding the landscape is crucial for anyone serious about financial planning.
Episode Highlights:
💼 Tax Cuts and Jobs Act (TCJA) Overview: Jonah provides a deep dive into the TCJA, explaining its key provisions and what changes could mean for you as we near the 2025 expiration date.
📅 Strategic Estate Planning: Discover why now is the time to review and potentially update your estate plan before the current tax laws sunset, especially for high-net-worth individuals.
📊 Long-Term Tax Outlook: Gain insights into the potential long-term trajectory of tax rates and what that means for your financial future, including planning for higher rates in the coming years.
💡 Practical Steps for Uncertainty: Learn actionable steps to take today, from reviewing your liquidity needs to engaging with your advisory team, ensuring you're prepared no matter what happens in the next election.
🌟 Working with a Team: Jonah emphasizes the importance of collaboration between your wealth advisor, CPA, and estate planning attorney to align all aspects of your financial life.
Timestamps:
Soft Open / Introduction: (00:29)
Meet Jonah Gruda - Tax Insights: (02:34)
The Tax Cuts and Jobs Act Overview: (07:29)
Current Tax Environment and Future Considerations: (15:34)
Estate Planning Strategies Before 2026: (28:23)
Taxation, Wealth Planning, and Social Programs: (42:55)
Discussion on Unrealized Gains and Wealth Taxes: (53:31)
Personal Stories and Fun Facts: (1:02:21)
Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.
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