PensionQuote Blog
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...
Save Like a CEO
As another year winds down, it is again time to reach out to high-income clients to review how the wins and loss columns are stacking up as it relates to taxes. Q4 is when these big money clients sit down with money managers--- financial advisors and accountants--- to...
New President, New Strategies to Save Tax Dollars: Life Insurance Retirement Plans (LIRP)
Most of us are probably feeling bruised, battered, and confused in the heat of battle of this unprecedented election, with two diametrically opposed candidates duking it out to become leader of the free world. We are scrambling to choose wisely and pick a president...
Roth IRA Conversion & Split Funded Defined Benefit Plan: Match Made in Tax Heaven!
With the increased popularity of the Roth IRA Conversion over the last several years, many financial advisors are posing this question to their clients-- “should you or shouldn’t you" convert your current Traditional IRA to a Roth IRA? What are the pros and cons, and...
Ready, Set, Retire: Give your business owner clients what they want…
No, they won’t work forever, so with the current lackluster performance of the stock market, now is the perfect time to get creative in order to meet your clients’ retirement goals. It is critical to be sensitive to their desire to accumulate money quickly, save...