Some things don’t retire when you do, like property taxes, insurance premiums and the potential for emergencies. https://pnc.co/3wMhWYy
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Helping doctors and dentists in Toronto and Montreal keep more of the income they make each year by maximizing the benefits of incorporation
What is one common question I often get from High Net Worth Clients? Where can I shelter more of my money from taxes? What is one of the most common tax shelters used by High Net Worth Investors? Participating Life Insurance. Here are a few reasons why: 1. They have the ability to fund their future tax liability at a discounted rate. 2. They can build an additional asset in their portfolio that is managed similar to pension plans and endowment funds. 3. They don't have to pay tax on the growth each year, while also having the option to extract funds with favourable tax implications. 4. Unlike other asset classes, the current value of their asset can't go down in value based on market volatility. 5. They are maximizing all of their other available tax shelters. 6. They have the cash flow and/or the investments to make sure they can take advantage of this strategy over the long run.
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Tax freedom day: the day you begin earning money for yourself. #TaxFreedomDay
Tax Freedom Day
ceteraathorizon.com
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Partner and Private Wealth Advisor | Creating Multigenerational Legacies | Growing to High Net-Worth Wealth Management, Business Succession, Insurance, and Retirement Plan Specialist | Multi-Gen Wealth Strategist
You’re never too young to start planning to leave an inheritance for your loved ones. Whether you’re the first to save for the next generation or your family has a long history of passing down resources, I can help you take steps today to prepare for the future. #NorthwesternMutual #NorthwesternMutualWestLA #WealthPlanning #WealthManagement #JohnCalvert #MultigenerationalWealth #EnduringLegacy #Insurance #Investments #FinancialPlanning #RetirementPlanning #BusinessSuccessionPlanning #ForbesBestInState #ForbesBestInStateWealthAdvisors #FinancialSecurity
What to Do Today to Build Generational Wealth and Leave an Inheritance in the Future
northwesternmutual.com
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Tax freedom day: the day you begin earning money for yourself. #TaxFreedomDay
Tax Freedom Day
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How are you preparing your clients' estate plans for the potential tax exemption sunset? As we approach the 2025 estate tax sunset, financial advisors must stay ahead of the curve. The potential decrease in the estate and gift tax exemption could significantly impact estate planning strategies. For some clients, an Irrevocable Life Insurance Trust could help mitigate the impact. ILITs can help clients manage estate tax liabilities, preserve wealth, and ensure that their financial legacies are protected for future generations. Key Benefits of ILITs: - Tax Efficiency: Remove life insurance proceeds from the taxable estate - Control and Flexibility: Provide control over how and when proceeds are distributed to beneficiaries - Asset Protection: Safeguard life insurance proceeds from creditors and legal claims Are you prepared for potential changes ahead? Now is the time to start looking at alternatives to protect your clients' assets from the potential exemption decrease. #EstateTaxSunset #ILITs #FinancialAdvisors #EstatePlanning
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Time's ticking on Roth conversions for your 401k and IRA! 🔄⏳ Did you know they could be a game-changer, especially with the looming tax rate hike in 2025? Act before January 1, 2024, to potentially maximize your benefits. Wondering what this would mean for you? Let's discuss—book a complimentary appointment today! https://lnkd.in/e-kxmQRA See thrivent.com/social for important disclosures.
John Ausley, Financial Advisor in Wilson, NC | Thrivent
connect.thrivent.com
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The distribution of assets among savings vehicles such as taxable, tax-exempt, tax-deferred, trust accounts, variable life insurance policies, foundations, and onshore versus offshore accounts is referred to as asset location. Read the full article https://lttr.ai/AN7Ud #AssetLocation #Invest #LiquidNetWorth #ComputerProgramingSkills #BluehostAffiliateLink #EmployDollarCostAveraging #WashSaleRules #QualifiedMedicalExpenses
Asset Location: How to Lower Your Tax Liability
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I save valuable time for Business Owners and HR Professionals by helping them navigate through the complex ever changing rules of their 401k plans.
Tax freedom day: the day you begin earning money for yourself. #TaxFreedomDay
Tax Freedom Day
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Tax freedom day: the day you begin earning money for yourself. #TaxFreedomDay
Tax Freedom Day
mosaicwealthadvisorsllc.com
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Tax freedom day: the day you begin earning money for yourself. #TaxFreedomDay
Tax Freedom Day
library-messages.com
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