PensionQuote Blog
CPAs Turn to Defined Benefit Plans In Search of Clients’ New Tax Deductions
In light of the new tax laws, business owners will be losing key tax deductions that will now be excluded and their CPAs will need to replace those with new tax savings strategies. One way is to design Split Dollar Defined Benefit Plans. A custom plan can be structured to significantly reduce tax bills with much greater deductions than traditional pension plans.
Business Owners: Resolve to Get Your Financial House in Order in the New Year
The New Year is a perfect time to make positive changes and put new financial goals in place. Retirement planning for business owners can be significantly bolstered with tax-advantaged Defined Benefit Plans which can help save major tax dollars are you prepare for retirement.
Why Wait for Tax Reform When You Can Pay Less in Taxes Now?
If you are in the top tax bracket and wish you could significantly reduce your tax bill next spring, there are tax mitigation approaches that can fulfill your wish. With our strategy, high earners can defer significantly more taxes and in some cases avoid taxes...
It’s Thanksgiving; You’re Running Out of the Time for 2017 Tax Deductions
High income business owners must strategize with their money managers before the end of the year to get major tax deductions for 2017.
Tax Savings Hole in One for Both Pro Golfers and Business Owners
It takes many years of sacrifice and practice to rank among the best professional athletes in the world. These elite performers need to protect their hard-earned income with tax savings strategies similar to those used by financial advisers for their wealthy business owner clients. Learn how these tax mitigation plans work.
The Power of Premium Financed Life Insurance
Are you familiar with premium financing of life insurance? Life insurance is often misunderstood by many financial professionals who underestimate its value as a powerful component of estate planning for the wealthy. A recent Forbes article highlights not only life...
Don’t Let the Clock Run Out On Major 2017 Tax Deductions for Business Owners
The clock is ticking if you were hoping for large tax deduction for this year. I know many business owners are frustrated with the relatively small contribution limits of their 401(k) and/or profit sharing plans. If you share that frustration, it’s time to consider...
Another Rich College Coach Scores Big With Life Insurance Strategy
Clemson Coach Dabo Swinney What do Clemson football coach Dabo Swinney and University of Michigan rival Jim Harbaugh have in common? Tax-advantaged life insurance plans that have made them the richest coaches in the D-1 big leagues. They are part of the top paid...
Overcoming Hurdles With Split Funded Defined Benefit/Cash Balance Plans
If you have come up against a competitor pitching a Split Funded Defined Benefit Plan and didn’t know how to come out on top you are not alone. While the concept of this Cash Balance Life Insurance Plan strategy is fairly straightforward, explaining it with confidence...
FAs: How to Get Your Big Money Clients’ Attention in Q4!
Financial Friday: Get Your Clients’ Attention in Q4 “Let’s Discuss Ways To Reduce This Year’s Income Tax Right Now!” Now that’s a CTA (Call to Action) that will get your client’s attention; especially in the 4th quarter when many of your business owner clients are...