PensionQuote Blog
Be A Tax Super Hero For Business Owners
2018 was a banner year for U-S business owners but high earnings mean high taxes so they need deductions. Be a Tax Super Hero and show them how to save big using Split Funded Defined Benefit Cash Balance Plans.
Pension Plans: A Decades-Long Buffer Against High Taxes for Affluent Professionals
Defined Benefit Pension Plans, a powerful tax savings secret weapon for wealthy professionals have been around for decades and shouldn’t be a knee-jerk reaction to new IRS Rules or lackluster tax laws.
Post-Tax Act Era Sparks Resurgence of Defined Benefit Pension Plans
The new tax law will make 2018 a banner year for the highest number of Defined Benefit Plans installed in years. Using life insurance in the plan as one of the asset classes boosts deductions and supercharges the tax-deferred savings.
Do You Know You Might Be Giving The IRS A Tax Refund?
Preparing for the twilight of your years begins now or you will inadvertently be losing all your tax savings to the government. Don’t send the IRS the tax refund you should be receiving.
The Brave New World of Genetic Testing and Insurers
But if a condition is discovered by predictive screening the fear is that underwriters would use the information to discriminate against a new life insurance applicant, raising an ethical question about genetic discrimination.
Your 2017 Taxes Are In the Books: What Will the New Tax Laws Bring Next Year?
Now that you’ve gotten past filing your 2017 taxes, you will pivot to dealing with tax law changes that will affect your gains and losses next year and beyond.
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.