So I generally have an issue leaving this kind of money to a younger generation. I mean, either Uncle takes it or the youngsters blow it on excess that you could've just enjoyed for yourself!

With that said, I am curious if there will be some beneficiary strategy utilizing trusts and enabling you to establish more beneficiaries, but also control when andhow they get the money. Maybe creating a multigenerational distribution in some way.

Just kind of thinking out loud here.

Actually, I assumed rates went back up to 2017 levels (15% vs 12% etc etc) in 2025 when the Trump cuts are due to expire, but I adjusted the income threshold where they jump from 15 to 25% for inflation. If the Dems take back control, I suspect the Trump cuts won't even make it to 2025.

To the other responses, no grandchildren yet, another thing beyond my control. And as far as leaving a lot of money to my kids, trust me, we are doing our level best to reduce their inheritance every day, but there's a limit to what we can reasonably spend. We just bought a $1000 Roomba vac for our condo and didn't think twice about the expense. Travel for ~ 2 months every year, including international trips, cruises, etc. My net worth has actually increased since retiring, it's higher than it's ever been thanks to the record bull market (which I know won't last for ever).

When we sold our TX house and moved permanently to our beach house, we gave each of our kids a lump sum advance on their inheritance. They all invested 100% of it instead of spending it, so I'm not particularly worried that they'd blow a large inheritance on hookers and blow.

I was just chatting with my father who is also a CFP and he thinks the Medicare form I posted is only if you want to have them adjust the premiums one year sooner. I guess he thinks it will automatically go back to lower premiums but just takes two years to reset?

I should know this but just don't have a direct example to prove it one way or another.

Currently on a webinar for Dallas Estate Planning Council. Steve Akers is giving the annual recap of Heckerling Institute. During technical review of Secure Act, Steve concluded by sharing Natalie Choate said during her presentation that the Secure Act will have virtually no impact for the vast majority of people and that taking money out as slow as possible is not a real concern for most.

These are top estate planning professionals and thinkers. It doesn't mean there isn't opportunity for Roth Conversions and planning, but reinforces everyone should seriously evaluate before simply rushing head first into action because of the change in law on how distributions work.

Of course with most assets down materially YTD and many with impacted incomes, the dynamics may have changed in favor of considering Roth Conversions, if you are in the narrow set that is worth exploring the strategy and haven't pulled the trigger.