Ask the Estate Planning Attorney Bergen County, NJ: The Tax Cut and Jobs Act and My Estate Plan, Part II
In our last post in this series, we shone the spotlight on the Tax Cut and Jobs Act , known as the TCJA, and how it affects estate plans with respect to gift and estate tax exemptions and generation-skipping transfer taxes. This post will examine how the TCJA will impact retirement planning by reviewing the changes to Roth conversions, 529 savings plans, and the elimination of the individual mandate provision of the Affordable Health Care Act . Before we get started on the discussion for today’s topic, a disclaimer. The Giro Law Firm does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors befor...