The passage of the One Big Beautiful Bill Act (OBBBA) has reshaped the tax and financial planning landscape, creating both new opportunities and new challenges for advisors and their clients. In this session, Dr. Riskin will focus on using visuals to conceptualize and simplify various planning strategies that will apply to diverse client groups, such as young families, young professionals, business owners, and high-income/high-net-worth individuals who are focused on "planning with purpose" by using philanthropic and multi-generational tax planning strategies to reach their immediate and long-term goals.
Learning objectives:
- Identify key provisions of the OBBBA that significantly alter individual, business, and multi-generational tax planning strategies.
- Understand how visuals can be used to simplify and communicate complex planning concepts for diverse clients - ranging from young families and professionals to business owners and high-net-worth individuals.
- Evaluate tax-efficient approaches to "planning with purpose" - including philanthropic giving, legacy design, and multi-generational wealth transfer strategies under the new rules.
- Integrate the OBBBA's planning implications into a holistic advisory process that enhances client understanding, engagement, and decision making.
Meet Ross Riskin, visiWealth
Dr. Riskin's research and professional expertise focuses on advice engagement, education planning, and tax and wealth transfer planning for high-income and high-net-worth individuals. He serves as the Founder and Chief Creative Officer at visiWealth, Vice President at Riskin & Riskin, PC and Managing Member of Riskin Wealth Management, LLC. In addition, Ross sits on the Advisory Council for the American Institute of Certified College Financial Consultants (AICCFC) and acts as a Senior Strategy Advisor for the Investments and Wealth Institute.
Ross is the author of The Advisor's Guide to Education Planning: 1st and 2nd Editions, which are published by the AICPA. Ross has been the recipient of the 40 Under 40 Award from both InvestmentNews and CPA Practice Advisor and has received the Standing Ovation in Personal Financial Planning Award from the AICPA, and the Accounting Educator of Excellence Award from the CT Society of CPAs. He has been quoted in media outlets such as the Wall Street Journal, CNBC, Yahoo Finance, US News, The New York Times, and InvestmentNews, and has also been published in journals such as the Journal of Wealth Management, Journal of Financial Planning, Journal of Accountancy, Tax Notes, and the Journal of Multistate Taxation and Incentives.
