By Daniel Stewart Most of us realize that tax planning, as challenging and somewhat onerous as it may be, is an essential component of building your comprehensive financial strategy. Tax planning, as opposed to just “doing your taxes,” is an intentional and specific way of organizing your tax liabilities so that you legally pay the [...]
"The higher your income, the more critical tax-efficient investing becomes." By Kenneth Reeves Apex Financial Nearly every American understands that taxes are one of their most significant expenses. Wealth planners regard taxes and inflation as the two most erosive forces impacting savings. Tax planning strategies are critical components of sound retirement planning, even for [...]
"What your CPA (probably) isn't telling you about the Employee Retention Credit may mean you'll pay more taxes than necessary. The $2 trillion CARES Act of 2020 contains several provisions designed to help small businesses and self-employed individuals recover from the financial impact of COVID-19 pandemic measures. If you owned a business impacted by [...]
Many retirement planners advise their clients not to put an annuity in their qualified plan accounts. But is this always the best advice? By Daniel M. Stewart Stewart Wealth Advisors Many retirement planners steer their clients away from using annuity products in qualified plans,such as IRA accounts. Putting a tax-deferred annuity into a retirement [...]
Authored By Kenneth Reeves, Apex Financial By Kenneth Reeves The so-called “theory of decreasing responsibility” says that although many seniors will have decreased income levels when they retire, they will also have fewer expenses and lower taxes. I call baloney on both these ideas. When clients come to me, they often believe that they will [...]
What are BOLI and COLI and how can they help business owners? "Bank-owned and company-owned life insurance (BOLI-COLI) has a proven track record of helping corporations fund executive compensation and improving their bottom lines." Teresa Kuhn. Authored By Teresa Kuhn, JD, RFC, CSA - TeresaKuhn.com An alternative to mutual funds, corporate-owned life insurance [...]
Tax planning is essential for retiree survival. By Jerry Yu As I explain in my new book, "Fortify Your Financial Kingdom," taxation doesn't magically disappear just because you've stopped punching a time clock. Far from being a past problem, taxes may be one of your most significant retirement expenses. If you plan on retiring but [...]
