Episode 58- Impacts on Markets and Estate Planning: Key Year-End Insights

Blue Chip FM

In this episode of Blue Chip NOW!, hosts Daniel Dusina and Dan Seder are joined by Robert Steinberg and Kim Browning to explore the interplay between market movements post-election and critical year-end financial planning strategies. Topics include tax and regulation changes, estate planning considerations, and actionable advice for individuals aiming to optimize their financial position before year-end. Dive into this comprehensive discussion to uncover practical insights on leveraging fiscal policy implications, ensuring estate plans are up-to-date, and addressing important financial deadlines.

Watch the full episode on YouTube here: https://youtu.be/5eRG6yYkHMg

Key Points From This Episode:

[00:00:00] Overview of market movements post-election and sector performance.

[00:02:18] Potential extension of the 2017 Tax Cuts and Jobs Act and its impact on tax and fiscal policies.

[00:05:12] Discussion on sector rotation and the "Magnificent Seven's" influence on the markets.

[00:07:22] Historical context on election outcomes and their market implications, featuring insights from Robert Steinberg.

[00:09:37] The relevance of corporate CEO strategies in navigating market conditions, irrespective of political shifts.

[00:11:43] Implications of estate tax exemption changes and the potential extension of high exemptions beyond 2025.

[00:16:05] Advantages of Qualified Charitable Distributions (QCDs) for retirees managing required minimum distributions (RMDs).

[00:18:20] Year-end charitable contributions and the importance of donor-advised funds in financial planning.

[00:20:11] Gifting strategies, including tax-free limits and misconceptions around larger gifts.

[00:23:47] Recommendations for estate plan reviews, addressing life events, and updating trust funding.

Disclosure-

Need to update your estate plan? www.BlueChipEstateplanning.com Blue Chip Estate Planning, PLLC is a law firm established to provide estate planning services to clients of Blue Chip Partners, LLC, their families, and other residents of the State of Michigan. Blue Chip Estate Planning is related through common ownership and control to Blue Chip Partners. Services by Blue Chip Estate Planning are separate and distinct from any agreement with Blue Chip Partners. For more information, call Kimberly Browning at 248-873-3244.

Links: Blue Chip Partners

Dan Seder on LinkedIn

Daniel Dusina on LinkedIn

Robert Steinberg on LinkedIn

Kim Browning on LinkedIn

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Need to update your estate plan? https://www.BlueChipEstatePlanning.com Blue Chip Estate Planning, PLLC is a law firm established to provide estate planning services to clients of Blue Chip Partners, LLC, their families, and other residents of the State of Michigan. Blue Chip Estate Planning is related through common ownership and control to Blue Chip Partners. Services by Blue Chip Estate Planning are separate and distinct from any agreement with Blue Chip Partners. For more information, call Kimberly Browning at 248-873-3244.