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Apr 11, 2024 · Ed Slott, CPA, America's IRA Expert, and Jeffrey Levine, CFP, Chief Planning Officer for Buckingham Strategic Wealth, host The Great Retirement Debate podcast. They discuss the pros and cons of various retirement strategies and topics in a video format.
On The Great Retirement Debate, financial heavyweights Ed Slott, of Ed Slott and Company, and Jeffrey Levine, of Buckingham Strategic Wealth, go head to head discussing critical topics in the retirement landscape.
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Jeffrey Levine may refer to: Jeffrey Levine (poet), American poet, publisher, musician, and attorney. Jeffrey D. Levine (born 1955), United States Ambassador to Estonia. Jeffrey Levine (composer) (born 1942), American composer and double-bassist.
Jun 11, 2021 · Jeffrey Levine is a financial planner, educator, speaker, and tax and retirement super-nerd. He writes about the latest developments and tips on retirement and tax planning for Forbes readers.
- There Is Also A New Surtax on High-Income Taxpayers.
- There Is A Second Surtax For Higher-Income Taxpayers.
- The Limitation on Excess Business Losses Would Be Made permanent.
- The Increased Child Tax Credit Will Be Extended.
- Several Proposed and Widely Reported Tax Changes Have Not Been Included.
- Most Americans’ Tax Liability Won’T Change Much.
Specifically, there is a “5% surtax on MAGI in excess of $10MM for all individuals except separate filers ($5MM),” he tweeted.
“On top of 5% surtax for taxpayers w/ MAGI as described above, there would be an ADDITIONAL surtax for individuals w/ MAGI < $25MM ($12.5MM for MFS),” Levine tweeted. As a result, the “total top Federal rate for persons w/such stratospheric income would be: 37% +5% +3% +3.8% = 48.8%,” Levine said. It’s “fair to say EXTREMELY few people will ever be...
“Basically, if you have > $250k (single)/$500k (joint) of biz losses, the losses above that can’t be used to offset other non-biz income that year,” he warned.
Another change is that the increased Child Tax Credit “would stick around one more year, for 2022, as would prepayments (though the thresholds would change,” Levine noted. “This is MUCH shorter than [Democrats] wanted, but it’s a popular provision w/ at least some bipartisan support, so I think they’re banking on it getting extended in the future,”...
Among the widely reported tax changes that had been proposed which are not included in the final bill are: an increased top ordinary income tax bracket, an increased top long-term capital gains tax bracket, and a reduced estate/gift tax exemption, Levine said.
“Given build-up around potential changes … most Americans’ tax liability will change remarkably little as a result of this bill,” Levine tweeted.
Jan 13, 2023 · Learn from Jeff Levine, the chief planning officer for Buckingham Strategic Wealth and the lead financial planning nerd at kitces.com, on topics such as Secure 2.0, tax planning before and during retirement, and inflation. Listen to his podcast, The Great Retirement Debate, and read his books and articles on retirement-related questions.
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Nov 4, 2022 · Levine was chief retirement strategist at Ed Slott and Co. from 2009 to 2017. According to a press release announcing the forthcoming program, each week, Slott and Levine will...
