On this episode of the Planned Solutions Incorporated Podcast, California Proposition 19, which passed last November, has changed the property tax rules for inherited property. This has caused many people to rethink their estate plan and how they will pass real estate to their heirs. However, before making any irrevocable decisions it is important to understand the broad implications beyond property taxes and to weigh all of the pros and cons.Also, The US labor market recovery has slowed despite the continued improvement in the US economy. Some blame this on the extension of unemployment benefits which has caused low-wage workers to delay re-entering the labor force. This may partially explain the high level of job openings and high unemployment rate. However, there may also be a mismatch between the job skills workers have and those that are in demand. And, The Required Minimum Dist-ribution (RMD) rules can be fairly straight forward in general but become more complicated when the details are examined. One of these details pertains to the distribution requirements in the year the account owner passes. If the account owner has not yet taken their RMD in the year that they pass away their beneficiaries will be required to fulfill the RMD for the account owner in the year the account is inherited. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Tax season is finally over but tax planning season goes all year. Therefore, this may be a good time to review your income tax withholding, especially if you were unhappy with the amount you owed on your 2020 income tax returns or felt your refund was too large and the money could be put to better use during the year. Feel free to contact us if you would like to do a tax projection for 2021 to estimate your income tax liability and review your income tax withholding. Also, don’t forgiet about the Harlan D. Wood Memorial Cancer Charity Golf Tournament is scheduled for early September. Please mark your calendars if you will be able to attend.Date: Friday, September 10th, 2021 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.Chase Armer's book- Financial Planning Insights is now available at:store.bookbaby.com/book/financial-…anning-insightswww.amazon.com/Financial-Plannin…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.ADDRESS: PHONE:1130 Iron Point Road, Suite 170 (916) 361-0100Folsom, CA 95630 (800) 750-2111E-MAIL: FAX:[email protected] (916) 361-0191WEB SITE:www.PlannedSolutions.com#finance #invest #investment #stocks #inflation #deflation #bonds