Feb 08
 

 

brokersalliance.com Changes affecting individuals Capital gains changes Tax rate hikes Medicare investment income tax of 3.8% a) We play the game of WII for recreation, the government plays NII instead Whole new rules on passive type income to determine what is taxable under new tax make planning a mess. For example, not clear if losses offset gains for computation Additional Medicare wage tax of .9% to bring it up to 3.8% for high wage earners Same MAGI rules as for NII Possibly carving out high income workers or business owners AGI or MAGI not Taxable income No inflation adjustment means tax trickle down to middle class Does not account for highs and lows of small business owners No AMT tax relief yet — Steve Savant is a national insurance columnist, financial color commentator and host of the daily Internet talk show, The Business Insurance Zone. Steve’s special guest, Ken Davis, CLU, ChFC, CFP, CPA. Ken Davis is the former president of the Phoenix Chapter of the Society of CPAs and has taught continuing education for the Arizona Society of CPAs on life insurance and annuities.
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Jan 11
 

 

Retirement Essentials (retirementessentials.com) shows you the way to retirement success for small business owners, with customized options ranging from 401(k), SEPs and SARSEP, as well as classic pension plans!

 


 
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Dec 11
 

 

Click Here To See More From This Expert: www.docstoc.com Brittney Castro,CFP® at Perennial Financial Services (perennialfinancialservices.com discusses the advantages of an individual 401k for small businesses. This will help you understand and weigh the benefits of this retirement plan. Docstoc has over 20 million business and legal documents to help you grow and manage your small business and professional life. Thousands of how-to articles and videos, with fresh content uploaded daily. Attorney reviewed documents to save you time and money. Try Docstoc Premium today! www.docstoc.com

 


 
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Nov 18
 

 

The establishment of a qualified retirement plan is the perfect vehicle to save tax-deferred for retirement. By listening to information about ERISA, the Pension Protection Act of 2006, and other topics related to qualified plans you will begin to understand that these plans will work for individuals who are in business for themselves as well as those with anywhere from two to hundreds of employees. With the responsibility of saving for retirement shifting from employer only funded to predominately employee funded plans, qualified retirement plans allow for higher tax-deferral and deductible limits in virtually all types of plans over those available in traditional IRA’s. Qualified Retirement Plan design is what will determine how much can be deferred from a tax liability perspective. Entity type, such as C-corp, S-corp, LLC, and partnerships, how compensation is derived and a review of the demographics of employees are important factors in determining the type of plan to open. Contribution limits in defined contribution plans can exist up to 000 per year and in defined benefit plans, the limit is equal to the funding requirement based on the actuarial calculations which could be far more than 000. Individual contributions, commonly known as deferrals, are limited to 500 (under 50 years of age) in a combined environment for all plans available to that individual. Individual and small business owners are perfect prospects for qualified retirement plans. Historic

 


 
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Nov 03
 

 

? Set yourself apart from traditional IRA and 401k providers with the ability to offer all IRS approved investment alternatives and become the expert and the primary information source for your Client’s IRAs and 401ks. ? You can sell LIFE INSURANCE TO SELF-DIRECTED 401K PLANS, GIVE YOUR CLIENTS TAX FREE DEATH BENEFITS AND EARN UNIVERSAL LIFE COMISSIONS! ? You can review clients / prospects existing retirement plans in light of all Self-directed investment solutions available; giving you an excellent opportunity to see if your client are unhappy with their present retirement plan’s performance, risk and the reasons why. ? You as the specialist can map out a plan to correct your client’s problems with self-directed IRAs and 401Ks giving you the opportunity to not only help your client, but make you thousands in new commissions. ? You can show clients how they can borrow up to 000 for ANY purpose from their Self-directed 401ks. ? Self-directed plans provide Asset/creditor protection to your client. ? Client litigation threats which accompany investments such as real estate are substantially reduced ? You can help your clients purchase a business with their Self-directed plans. ? Custodian fees for the self directed retirement plans are inexpensive, a flat fee typically costing 0 to 5 per year, because your client controls and handles all Self-directed IRA and 401K IRA transactions. ? You can market to small business owners by helping them Recapitalize and
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