Russ Bucklew serves as a Senior Client Advisor for MRA Associates. He manages the Las Vegas office and serves clients in Arizona by providing investment and wealth management advice to individuals, families, and institutions. Russ earned a Bachelor of Arts degree from the University of Washington, a Master of Science in Taxation from Golden Gate University, and a Juris Doctor from Seattle University. He is a CERTIFIED FINANCIAL PLANNER™ professional.
Before joining MRA Associates in 2005, Russ worked for ten years providing financial advice at Charles Schwab and Merrill Lynch. Russ also has 12 years of banking and trust experience in the Pacific Northwest. He began his career with a law firm in Seattle. Russ is a member of the Arizona Bar Association Probate and Trust Section, and a speaker on financial topics including succession planning and multi-generational wealth transfers for the Nevada Bar Association. Previously, he was a licensed member of the Washington Bar for 25 years.
Russ helped establish and lead the Southwest Chapters of the Exit Planning Institute. He is a member of the Succession Advisors Roundtable (SAR) and is working toward earning the Chartered Advisor in Philanthropy (CAP®) designation. Other community activities include being a professional advisor at the University Nevada Las Vegas (UNLV), Committee Member for the Arizona State University Foundation, and a mentor for the Arizona Endowment Building Institute (AEBI) with the Arizona Community Foundation (ACF).
Due to his passion for helping disadvantaged children get a better start in life, Russ is President of the Phoenix Central Kiwanis club that emphasizes programs to improve the wellbeing of children. His wife, Joan, is a teacher at Longview Elementary where Russ also volunteers.
Russ and his wife have two children, Shelby and Mitchel. They enjoy traveling as a family and are planning a trip to participate in an IronMan together.
The Tax Cuts and Jobs Act of 2017 (TCJA) included a tax break for investors related to realized capital gains. Through this program, an investor may receive tax benefits, including potential deferral and elimination of tax, by investing those gains in a Qualified Opportunity Zone Fund (QOZF).
Now that it has been almost 16 months since the passage of the 2017 Tax Cuts and Jobs Act (TCJA), it’s time to come up for air and ask the question: what is the overall impact on estate planners and their clients?