Tag: Retirement Accounts
2025 Tax Law Updates and Strategic Planning (Ep. 140)

2025 Tax Law Updates and Strategic Planning (Ep. 140)

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From new tax rules to little-known retirement plan strategies, 2025 is shaping up to be a year of significant changes for many taxpayers.

In this episode, Peter Raskin unpacks timely provisions from the “One Big Beautiful Bill Act,” explains a tax-saving approach for employer stock, and addresses the impact of Massachusetts’ Millionaires’ Tax. With practical examples and forward-thinking strategies, he shares how clients are adapting their financial plans to take advantage of new opportunities and avoid costly surprises.

Peter discusses:

  • The key provisions of the 2025 “One Big Beautiful Bill Act,” including unchanged tax brackets, higher standard deductions, and an increased SALT cap through 2029
  • The temporary bonus deduction for older taxpayers with incomes under certain thresholds, and how it phases out after 2028
  • The Net Unrealized Appreciation (NUA) distribution strategy for employer stock in retirement plans, highlighting tax advantages and planning considerations
  • The Massachusetts “Millionaire’s Tax,” its impact on high-income earners, and potential strategies like timing transactions or changing residency
  • Ways to reduce taxable income in high-earning years, including charitable contributions, realizing investment losses, and exploring specific tax-efficient investments
  • And more!

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This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Securities and investment advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned, and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth.

Osaic Wealth, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.
Financial Realities of Later-Life Marriages (Ep. 138)

Financial Realities of Later-Life Marriages (Ep. 138)

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Love and finances often intertwine in unexpected ways, especially in later-life marriages. 

From tax strategies to estate planning, every decision reflects a delicate balance between personal connection and practical considerations.

In this episode, Peter Raskin explores the unique financial challenges faced by older couples tying the knot. With stories and strategies, Peter offers guidance to help navigate the complex decisions surrounding later-life marriages.

Peter discusses:

  • Strategies for managing joint and individual financial goals in later-life marriages
  • The impact of tax planning on marriage decisions, including joint filing benefits
  • Important insurance considerations, from health coverage to long-term care
  • Social Security benefits and how marital status changes eligibility and payouts
  • Estate planning priorities, including prenuptial agreements and beneficiary designations
  • And more!

Connect with Peter Raskin: 

Schedule a Time with Peter Raskin:

This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Securities and investment advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned, and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth.

Osaic Wealth, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.

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Planning for the Future: Life Insurance as a Tool for Security and Legacy (Ep. 130)

Planning for the Future: Life Insurance as a Tool for Security and Legacy (Ep. 130)

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Life insurance is more than a financial product—it’s a way to express love and care for your family and future.

How can life insurance provide stability in uncertain times? How does it evolve with your goals throughout life?

In this episode,  Peter Raskin discusses the essential role of life insurance in creating wealth, liquidity, and a legacy for loved ones. He explains how it protects families, pays off debts, and adapts to evolving financial needs over a lifetime.

Peter discusses:

  • Using life insurance to create financial security for families, covering mortgages, education, and income replacement
  • The importance of applying for life insurance early, while in good health, to secure better premiums and coverage
  • The distinction between term and permanent life insurance, and how each serves different financial goals
  • How life insurance can cover estate taxes and long-term care costs, offering a sense of financial security for heirs
  • Personal examples of adapting life insurance strategies to align with changing life stages, goals, and charitable giving
  • And more!

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Schedule Time with Peter

CRN-7445305-121624

Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Securities and investment advisory services offered through Osaic FA, Inc., member FINRA/SIPC. Osaic FA is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic FA.

Osaic FA, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.
Why You Should Master Retirement Savings Strategies (Ep. 115)

Why You Should Master Retirement Savings Strategies (Ep. 115)

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Ever feel overwhelmed by the maze of retirement planning? 

You’re not alone. 

Join Peter Raskin as he ventures into the world of Individual Retirement Accounts (IRAs). Born from the Employee Retirement Income Security Act of 1974, IRAs are now a cornerstone of savvy financial planning. Peter navigates through the complexities of IRAs, covering everything from income taxes and investments to life expectancy and estate planning.

Key Highlights:

  • Traditional IRAs: Understanding their unique functions, the importance of earned income for contributions, and the implications of tax-deferred earnings
  • RMDs: Grasping the necessity of withdrawals from IRAs starting at age 73, and how these are calculated
  • IRA Deductibility: Decoding how participation in employer-sponsored plans and income levels affect your IRA’s tax benefits
  • Roth IRA Insights: Comparing Roth vs. traditional IRAs, exploring the advantages of Roth IRAs including tax-free withdrawals
  • The Pro Rata Rule: Navigating the complexities of the backdoor Roth IRA strategy and its potential tax implications
  • Innovative IRA Options: The groundbreaking 2024 feature allowing 529 plan conversions into Roth IRAs under specific conditions
  • And much more!

Connect with Peter: 

Schedule Time with Peter

CRN-6371410-020624

Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors.

Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.