February 2020 Rosenthal Review

Feb '20 MISSION STATEMENT LOVING THOSE LESS FORTUNATE To always be an industry leading independent advisory firm for The holidays can be a tough time for many, so the those seeking life-long retirement Rosenthal Team decided to spread a little love to our solutions through disciplined community by volunteering at the Tarrant Area Food investment strategies and superior client service. Bank. Learn more on pg. 4 THE NEW YOU Facebook.com/RosenthalRetirement Rosenthal Holidays (pg. 3) PARTIAL REPEAL OF Share The Love  (pg. 4) THE STRETCH IRA PROVISIONS How will IRA changes effect the future of your loved ones? Learn more about the new 10- year rule and how to prepare for your future. Learn more on pg. 2 Pg. 1

Partial Repeal of the Stretch IRA Provisions Congress is continually searching for additional 10th year after death. For deaths in year 2019 or revenue sources. So, in order to help pay for prior, the old rules remain. other law changes, it has partially repealed the Stretch IRA (also known as “Beneficiary IRA” or There are five classes of \"eligible designated “Inherited IRA”). beneficiaries\" who are exempt from the 10-year post-death payout rule and can still stretch Beginning for deaths after December 31, 2019, RMDs over life expectancy. These include the Stretch IRA will be replaced with a 10-year surviving spouses, minor children, disabled rule for the vast majority of non-spouse individuals, the chronically ill, and beneficiaries beneficiaries. The rule will require accounts to not more than 10 years younger than the IRA be emptied by the end of the 10th year owner. Clients with the biggest IRAs (over $1 following the year of death as opposed to Million) may feel the many impact.  Why?  A allowing the beneficiary to “stretch” payments good chunk of these balances will often be left (and the resulting tax) over his or her life to beneficiaries who in many cases will be expectancy through annual required minimum forced to pay the tax over a much shorter period distributions (“RMDs”). of time. There will no longer be annual RMDs for many Planning Opportunities: individuals who inherit an IRA. Instead, the only The new rules will mean a new landscape when RMD on an Inherited IRA would be the entire it comes to retirement and estate planning. It balance of the IRA no later than the end of the may be important to evaluate these changes to the Stretch IRA.  Planning opportunities such as Roth IRA conversions may be considered. We will be discussing the changes under the SECURE Act with you in the near future. Traditional IRA account owners should consider the tax ramifications, age and income restrictions in regards to executing a conversion from a Traditional IRA to a Roth IRA. The converted amount is generally subject to income taxation. \"A referral is the greatest compliment we can receive, so please feel free to tell your friends, relatives and colleagues about us.\" - BURK ROSENTHAL Pg. 2

The Rosenthal Team joined again this year for their traditional \"Family Christmas\" celebration to wrap up another amazing year together! Linda's grandson, Leighton, loved his first Christmas! He took his first picture with Santa, made it on the \"Nice\" list, and is prepared for success after his reading lessons... from none other than jolly ol' St. Nick, himself! Our \"Family\" Holiday Party was a hit. We truly appreciate those that had a chance to attend and hope everyone has a great 2020! Facebook.com/RosenthalReview | (817) 336-2000 | www.rrp.com      Pg. 3

Loving the Less Fortunate This year the Rosenthal Team was able to provide 7,152 meals for North Texas families in need. “Alone, we can do so little; together, we can do so much” – Helen Keller The Tarrant Area Food Bank reports that one in six people faces hunger in the North Texas area. TAFB helps provide food to families within the Tarrant and surrounding counties. If you are interested in volunteering, you can visit them at: tafb.org/volunteer/ Let us know how you are sharing the love this season via Facebook using #RosenthalRetirement #ShareTheLove Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Rosenthal Advisory Services, LP, a Registered Investment Advisor. Rosenthal Advisory Services, LP and Rosenthal Retirement Planning, LP are separate entities from LPL Financial. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. pg. 4