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Members of Ed Slott’s Master Elite IRA Advisor GroupSM Attend Semiannual Virtual Workshop and Learn About Future Threats to Retirement Accounts

Greg Storen of Storen Financial completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC by participating in a virtual workshop October 21-22, 2021. 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, estate planning techniques and new tax laws, as well as a proactive look at the various ways Congress could potentially target Americans’ retirement savings.

“Congress has shown its hand this year as they’ve discussed several potential options to increase revenue. From an all-out ban on backdoor Roth conversions to implementing required minimum distributions for mega-IRAs to ending Roth conversions for high-earners, Uncle Sam is brainstorming ways to get a hand on your hard-earned nest egg. While these ideas haven’t become laws yet they very likely could be in the future, so it’s crucial that retirement savers are working with a trained, knowledgeable financial professional who is up-to-speed on the future threats your retirement could face,” 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. “As a member of our advanced training program for 17 years, I commend Storen for continuously prioritizing his education throughout this ever-changing retirement planning landscape. He is 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, Storen can offer the latest insight on any necessary updates one may need now and into the future.”

Training highlights from this event included: A preview of the proposed SECURE Act 2.0 and how it would impact retirement and tax planning; 2021 year-end retirement tax planning ideas; Roth IRAs and the strategies behind Peter Theil’s $5 billion Roth IRA; the benefits of qualified charitable distributions and how to make the most of them; post-death charitable planning with IRA and retirement plans; strategies for leavings IRAs to charities including charitable remainder trusts; a look at early distributions and 10 percent penalty exceptions; the history of estate taxes and a 2021 estate planning check-up; IRA planning for special needs beneficiaries, including the impact of the SECURE Act on special needs trusts; a special primer on defined benefit plans; retirement plan options and strategies for gig workers and self-employed; employer matches on Roth 401(k) contributions; an in-depth look at strategies for spouses who inherit an IRA; the quirks and perks of 457(b) plans; recent IRA court cases and judgments, including a recent case that protected inherited 401(k) funds from bankruptcy creditors; and more.

Training was provided by Ed Slott and Company’s team of retirement plan distribution 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 in-depth knowledge and expertise in all areas of retirement accounts and distribution planning. This virtual workshop also provided approved continuing education credits through The American College, CFP® Board, IRS and NASBA (for CPAs) 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 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, gift planning presentation, and tips to disarm the new retirement savings time bomb as seen in Ed Slott’s new bestselling book and public television special that they can use when working with clients.

“We have seen a complete overhaul of the retirement planning landscape in recent years – from the Tax Cuts and Jobs Act to the SECURE and CARES Acts —Congress is constantly changing the laws that surround retirement accounts.” Said Storen. “Through my membership with Ed Slott and Company, I am not only trained on the latest retirement and tax planning strategies, but I also have access to up-to-the-minute updates on all proposals, laws and policies impacting retirement accounts. It’s a difficult time to be navigating this ever-changing financial landscape but I am confident in my abilities to serve in the best interest of my clients as news continues to break, always equipped with the latest information and back-office support team.”

“With Congress constantly pulling the rug out from underneath America’s retirement savers, financial professionals need to go beyond understanding planning strategies that are effective right now and be able to look ahead to the potential threats that could impact their clients’ nest eggs in the future,” said Slott. “It’s crucial that Americans are working with an advisor that is not only privy to the latest retirement planning laws and strategies but also has the foresight to help protect you from greedy Uncle Sam. The members of our organization are well-trained, qualified professionals that prioritize both their ongoing education as well as your individual needs.”

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 more than 475 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 “Retire Safe & Secure! with Ed Slott” and released his latest book, “The New Retirement Savings Time Bomb,” in March 2021. Visit irahelp.com for more information.

Have more questions? Or interested in a consultation to review your retirement accounts? Click here to contact us now. Or Click here to learn more about our Financial Planning and Investment services.

This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor. Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year on conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take and required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Ed Slott is not affiliated with LPL Financial.


Blog by Greg Storen, MBA – Advisory Services Director, Senior Tax Professional

Learn more about Greg and the rest of the Storen Financial team here.