PensionQuote Blog
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.
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...