In the first part of our two-part series, we discuss the economic implications of Donald Trump's second presidential term, focusing on markets, regulation, energy, and inflation. With the election concluded, markets have responded positively to the reduced uncertainty, reflecting a renewed sense of clarity. We highlight how a Republican-controlled House and Senate could further enhance this stability. Drawing from Trump's first presidency, we examine his policies on deregulation, their stimulative effects on businesses, and their potential for deflationary outcomes, particularly in the energy and industrial sectors. With Trump advocating for increased oil and natural gas production, energy is a key focus. While this could lower fuel costs and stimulate economies based on distribution, we also note its potentially deflationary impact on the profits of oil companies. Natural gas could serve as a geopolitical tool, especially with proposals to export excess liquefied natural gas (LNG) to Europe. This increase in production would help reduce reliance on Russia and bolster U.S. influence abroad. Implementing these plans will depend on overcoming regulatory barriers and building necessary infrastructure, such as Gulf Coast LNG facilities.

We explain the concept of a "melt-up," in which rising asset prices are driven by the fear of missing out and the reallocation of sidelined capital. We explore the broader market implications, suggesting diversification as essential for navigating an environment where gains have been concentrated in a handful of tech giants—the "Magnificent Seven."

We also anticipate a market broadening in 2025, encouraging a shift towards other growth-promising sectors. Inflation remains a persistent concern, which we address from multiple angles. While increased oil production may help temper fuel costs, broader inflationary pressures, such as rising energy demand driven by AI infrastructure and housing shortages, pose significant challenges. Building adequate global infrastructure to support AI's growth requires long-term investment in utilities and materials like timber, which keeps costs high. Trump's policies aim to tackle inflation, but their success will depend on reducing government spending and addressing structural economic demands.

Don’t miss What To Expect From Trump's Second Term – Part 2, of this discussion where we delve deeper into these themes and address listeners' questions about the economic outlook for Trump's second term.

For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit them online at https://www.hoslerwm.com/

Or call them in their Prescott office at (928) 778-7666 or their Scottsdale office at (480) 994-7342.

For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/

Limitation of Liability Disclosures: https://www.hoslerwm.com/disclosures/#socialmedia

Copyright © 2022-2025 Hosler Wealth Management LLC, All Rights Reserved. #ProtectingWealthPodcast #ProtectingandPreservingWealthPodcast #HoslerWealthManagement #BruceHosler

In this episode of Protecting and Preserving Wealth, we dive into the changes introduced by the SECURE Act 2.0, which has made significant modifications to IRA and trust regulations. Bruce Hosler and Alex Koury from Hosler Wealth Management explain the complexities and implications of these new regulations.

The conversation begins with Bruce explaining the updated requirements for trusts designated as IRA beneficiaries. Previously, the law mandated that documentation, including copies of the trust, be provided to IRA custodians by a set deadline after the IRA owner's death. Under SECURE Act 2.0, however, this requirement has been relaxed. Now, instead of submitting full documentation, the trustee only needs to provide a list of beneficiaries and the conditions of their entitlement. For trusts listed as IRA beneficiaries, documentation requirements have been removed entirely, simplifying the process significantly for trustees.

Alex follows by highlighting the second key update, which allows for separate accounts in trusts under certain conditions. Previously, IRA owners could not allocate separate accounts for multiple beneficiaries within a single trust. This limitation meant that multiple beneficiaries inheriting through a trust would share a single account. With the new rules, separate accounting is now permissible for see-through trusts under specific conditions, including those for beneficiaries with special needs. This change allows beneficiaries within a trust to inherit assets based on their own life expectancies, potentially stretching the distributions over a longer period.

Bruce then describes a third important change concerning Required Minimum Distributions (RMDs) for inherited IRAs within trusts. Previously, all beneficiaries of a trust would have to follow the distribution schedule based on the oldest beneficiary’s age, limiting flexibility. Now, the new regulations permit RMDs to be calculated separately for each individual beneficiary based on their own life expectancy, offering potential tax advantages and allowing younger beneficiaries more flexibility in managing distributions.

Throughout the episode, Bruce and Alex underscore the importance of consulting professionals to navigate these complex changes. While these new rules provide increased flexibility and potential tax benefits, they also demand a precise understanding of IRA and trust structures, especially for those with multiple beneficiaries. For anyone affected by these changes, they stress the value of working closely with wealth management professionals who understand both the regulatory landscape and individual client needs.

For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit them online at https://www.hoslerwm.com/

Or call them in their Prescott office at (928) 778-7666 or their Scottsdale office at (480) 994-7342.

For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/

Limitation of Liability Disclosures: https://www.hoslerwm.com/disclosures/#socialmedia

Copyright © 2022-2025 Hosler Wealth Management LLC, All Rights Reserved. #ProtectingWealthPodcast #ProtectingandPreservingWealthPodcast #HoslerWealthManagement #BruceHosler

In this episode of Protecting and Preserving Wealth, we dive into donor-advised funds (DAFs) with Bruce and Jason Hosler from Hosler Wealth Management. With the end of 2024 approaching, DAFs are a timely and powerful tool for those who are charitably inclined, particularly those looking to manage tax liabilities while contributing to causes they care about.

Bruce explains that a donor-advised fund allows individuals to donate highly appreciated assets—like stocks, real estate, or even collectibles—without triggering capital gains taxes. For example, if you've held Apple stock for years and it’s gained significantly in value, rather than selling it and paying hefty taxes, you can donate that stock to a DAF. You receive a tax deduction based on the fair market value of the stock and can direct how those funds are distributed to charities over time, rather than in one lump sum. This flexibility is a major advantage for those who want to spread their giving across multiple years or charities.

Jason elaborates on the ability to involve family members in charitable giving through DAFs. Not only can children participate in distributing funds, but they can also continue to manage the fund after the donor has passed away, allowing the family’s philanthropic legacy to live on.

One major tax benefit highlighted is the ability to use a large donation to a DAF to offset income from Roth conversions. By contributing appreciated assets to a DAF, donors can take a significant deduction in the same year they perform a Roth conversion, helping to balance out the tax impact of converting pre-tax retirement funds into a Roth account.

We also on recent proposed regulations that could have restricted financial advisors from managing DAFs. Fortunately, due to industry pushback, it appears these regulations will be reconsidered, allowing advisors to continue assisting clients with their DAFs as part of a comprehensive financial plan.

This episode is essential listening for anyone looking to enhance their charitable giving while maximizing tax benefits, especially as the end of the year approaches. The team at Hosler Wealth Management emphasizes that donor-advised funds are not just about tax savings, but also about creating a long-lasting charitable legacy, involving family in the process, and supporting causes that matter.

Disclaimer: Generally, a donor-advised fund is a separately identified fund or account that is maintained and
operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it; however, the donor, or donor’s representative, retains advisory privileges with respect to the distribution of funds and the investment assets in the account. Donors take a tax deduction for all contributions at the time they are made, even though the money may not be dispersed to a charity until much later.

For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit them online at https://www.hoslerwm.com/

Or call them in their Prescott office at (928) 778-7666 or their Scottsdale office at (480) 994-7342.

For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/

Limitation of Liability Disclosures: https://www.hoslerwm.com/disclosures/#socialmedia

Copyright © 2022-2025 Hosler Wealth Management LLC, All Rights Reserved. #ProtectingWealthPodcast #ProtectingandPreservingWealthPodcast #HoslerWealthManagement #BruceHosler