Pub 12 2023 Issue 6

he 2023 KBA Trust Conference occurred on October 19-20 at the DoubleTree by Hilton in Lawrence, KS. Trust Division President Chris English, The Trust Company of Kansas, and Mark Schifferdecker, the current KBA Chairman from GNBank, extended a warm welcome to all attendees at the conference and introduced the speakers. Economic and Market Outlook — John Tousley, Goldman Sachs In 2022, economic conditions underwent a dramatic shift, causing both stocks and bonds to suffer. The Federal Reserve had been telegraphing significant tightening in 2023, and recessionary expectations reached historic levels. Tousley, Senior Strategist within Goldman Sachs Asset Management, reviewed the economic conditions we were set to face in 2023 and beyond. He examined major economic factors, discussed asset allocation outlooks and talked about risks on the horizon, equipping attendees with valuable information. Transfer of Wealth & Tax Strategies — Brenda Benning and Mitch Caddell, CPAs, FORVIS Brenda Benning and Mitch Caddell, representing FORVIS, emphasized the significance of educating customers on various aspects of financial planning, including income tax, estate planning, wealth trust planning and common transfer planning. They delved into wealth transfer issues spanning generations and explored tax strategies such as charitable contributions, the utilization of diverse trust vehicles and inherited IRAs. The Guide to Retirement — Mike Conrath, J.P. Morgan Asset Management Mike Conrath explained that as people continue to live longer, market forces are changing, and the retirement landscape is shifting. Planning for a successful retirement is increasingly becoming more complex. The role of a financial advisor has never been more important in helping clients navigate these challenges and keep them on a path to achieving their retirement goals. Now in its 11th year of publication, J.P. Morgan’s Guide to Retirement serves as the go-to resource for financial professionals to simplify complex topics and facilitate retirementled conversations. Retirement Reimagined — Carrie Horn, Ascensus Carrie Horn's comprehensive overview of the impact of Secure 2.0 on retirement planning provided valuable insights into the evolving landscape of financial preparation for the golden years. With over 90 retirement provisions embedded within this legislation, its reach extends across not only the core players but also those on the periphery of retirement planning. These provisions, which encompass areas such as IRAs, qualified retirement plans, and health KBA Trust Conference Mitch Caddell and Brenda Benning, representing FORVIS, following their enlightening session on Tax Strategies. Incoming Trust Division Chair Lori Bone of Fidelity State Bank & Trust Company in Dodge City expresses gratitude to outgoing Chair Chris English of The Trust Company of Kansas, Wichita, for his dedicated year of leadership. Attorney Tim O’Sullivan, Senior Partner at Foulston Siefkin, shares valuable insights on best estate planning practices. Bradley Walters of Fifth Third Institutional Services, Columbus, Ohio, engages in a conversation with Amy Barber of Central National Bank, Topeka. Chairman Mark Schifferdecker warmly welcomes attendees, appreciates sponsors and introduces staff, setting the stage for a day of collaboration and learning. T 9