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Finesse Your Finances At Financial Friday


Posted By:  Liz Goodrich
Date Posted:  5/16/2003

Do you have a sneaking suspicion the IRS wants your IRA? Learn how to protect your retirement at Financial Friday, May 23rd, 2003 at 12:00 noon in the Brooks Room at the Bend Public Library when Reece Shepard, CFP, ChFC, advises how to keep more retirement dollars in your family’s hands. Participants can bring a lunch.

“Most people would rather what’s left of a retirement nest egg go to their kids or a charity than to the IRS,” says Shepard. “Without good planning, the IRS can collect up to 70% of an IRA.” Shepard, who first began working on Wall Street in 1966, holds an economics degree from Harvard and a MBA from Stanford. He moved to Bend in 1984 to start COCC’s Business Development Center and has been in the financial services industry in Bend for the past ten years. “I really enjoy helping people reduce their investment risk and increase their returns,” says Shepard. He volunteers his time at the Deschutes Public Libraries, leading the monthly Financial Friday series, which occurs the fourth Friday of every month.

“With effective planning, the retirement account becomes an IRA for the spouse or the children. It continues to defer taxation on both principal and growth. This can lead to an ultimate benefit several times greater for the kids than the original value of the retirement plan or IRA,” says Shepard. Making a Charitable Gift Annuity to a qualified 501(c) 3 organization is another option for distribution while avoiding capital gains taxes or gift taxes, continues Shepard. With so much at stake, Shepard feels good financial planning is crucial.

This program is free and open to the public. For more information, please call 312-1032.

Page Last Modified Wednesday, June 23, 2021


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