J.K. Lasser's New Rules for Estate, Retirement, and Tax Planning

Stewart H. Welch, III 지음

Wiley 2026년 02월 02일 출간

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The essential handbook to estate planning, fully updated for 2025 Since its first publication in 2002, New Rules for Estate, Retirement, and Tax Planning has sold more than 40,000 copies, providing a solid, accessible introduction to estate planning for any age or income bracket. Now in its seventh edition, New Rules for Estate, Retirement, and Tax Planning continues this tradition, covering taxes, trusts, donations, life insurance, and wills in easy-to-understand language that offers valuable insights and solid strategies to help you preserve your wealth and plan your estate so that your assets go to the people and groups you’ve selected. This comprehensive guide answers questions like: How much do I need to retire comfortably? How do I protect my children's inheritance? How do I ensure planned donations are made after I'm gone? The Seventh Edition is fully updated to reflect the One Big Beautiful Bill Act of 2025 (OBBBA), which contains the most comprehensive changes to the tax code since 2017. You'll learn how the new regulations impact your estate planning, retirement strategies, and tax obligations. Major updates, like the permanent $15 million estate tax exemption ($30 million for married couples), expanded deductions for tips, overtime pay, and Social Security, new charitable contribution rules, higher child tax credits, and beneficial changes to the SALT deduction cap are all covered. You’ll also find advice on working with elderly parents and how to introduce financial planning concepts to children and teenagers, as well as an up-to-date list of professional advisers and a glossary of estate planning terms. With this book you will: Understand estate planning and obtain solid strategies for growing your wealth Explore asset protection and succession planning strategies to safeguard family businesses and farms Discover how the One Big Beautiful Bill Act aff

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Acknowledgments xiIntroduction xiii 1. One Big Beautiful Bill Act of 2025 1Estate Tax Changes 1Income Tax Provisions 3Changes to the Standard Deduction 4Mortgage Interest Deduction 4Private Mortgage Insurance (PMI) Premium Deduction Is Restored 4State and Local Taxes (SALT) 5Child and Dependent Care Tax Credit Increased 7Child Tax Credit Enhancements 8No Tax on Overtime 11No Tax on Social Security 12New Deduction for Car Loan Interest 13New Charitable Contribution Deduction for Non-Itemizers 14New Charitable Contribution Limitation for Itemizers 15Changes to the Alternative Minimum Tax (AMT) 16Clean Energy Tax Credit Phaseout 17Wagering Losses Rule Modified 17Educator Expense Deduction Expanded 17Personal Casualty Losses (Slightly) Expanded 17Education Provisions 18Trump Savings Accounts 18Section 529 Plans 18Postsecondary and Career Training 19Rollover to Roth IRA 19Significant Changes for Student Loans 19Business Taxes and Expenses 20Investments 22 2. Estate Planning 25What Is Estate Planning? 25The Benefits of Estate Planning 26The Nightmares of Poor Planning 28The Myths of Estate Planning 29Guidelines for Successful Estate Planning 30 3. The Estate Tax System 33Determining Your Estate Net Worth 33Your Estate Tax Picture 40Your Future Estate 43Overview of Estate-Planning Strategies 44 4. Investment Strategies for Maximizing Estate Growth 47Growth Strategy with a Safety Net 48Prioritizing Your Investment Dollars 53Retirement Planning: Choosing the Best Investment Environments 53Roth Conversions 56Some Final Thoughts on Investing 61 5. Retirement Planning: Living Your Dream 63Your Retirement Requirements 64Other Considerations 67Accou

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저자(글) Stewart H. Welch, III