Young and old want to move to a smaller house for practical reasons, mobility and changing times. With smart phones, computers and availability of travel choices, people wanted to be mobile and not be burdened by the cost of owning a large house. In the bay area, that means mobile homes, condos, towhouse, apartment, seniorContinue reading “Moving to smaller homes”
Category Archives: retirement income
To downsize or not and in need of home care in bay area
Many seniors are in a dilemma to downsize or not considering the cost of living in the bay area. Health wise, seniors are not mobile as they used to be. In case of any medical emergency, they need to act fast and be close to a hospital or health care facility. Many emergencies happen duringContinue reading “To downsize or not and in need of home care in bay area”
Indexed Annuity contributions are part of the distribution process in retirement
Index Annuities Gains In 2008, the SP500 lost about 40% of its value. Investors in indexed annuities did not lose a cent which took nearly 4 years for the SP500 to get back to 2007 levels. For individuals who were retiring in 2008, or had tax qualified accounts in an Indexed annuity and passed away, thatContinue reading “Indexed Annuity contributions are part of the distribution process in retirement”
Coming Collapse of the Middle Class with Elizabeth Warren
Coming Collapse of the Middle Class with Elizabeth Warren Coming Collapse of the Middle Class with Elizabeth Warren Elizabeth Warren BENEDICT GOMBOCZ 2. Personal details Personal details Born June 22, 1949 in Oklahoma City, Oklahoma Member of the Democratic Party (since 1996; was a Republican until 1996) Graduate of George Washington University,Continue reading “Coming Collapse of the Middle Class with Elizabeth Warren”
Asset Protection Iron Triangle by Charles Lamm
Asset protection is not just for the wealthy any longer. When a middle class home can easily run a half million dollars in Florida or another state, and over a million in California or other state, anyone can become a target of lawsuits, divorce courts, and the IRS. You have to dig a well beforeContinue reading “Asset Protection Iron Triangle by Charles Lamm”
Tax Breaks until Dec 2014
Among the biggest breaks for businesses: A tax credit for research and development, an exemption that allows financial companies to shield foreign profits from being taxed by the U.S., and several provisions that allow businesses to write off capital investments more quickly. There is also a generous tax credit for using wind farms and otherContinue reading “Tax Breaks until Dec 2014”
Doctors’ year end financial and business planning
Dear Doctor, I am a financial advisor at Harding Financial which specialize in strategic tax planning strategies using a combination of corporate structuring and financial planning. In working with new clients, we find that doctors are paying unnecessary taxes due to improper corporate structure and improper pay and financial structure. With proper corporate, financial andContinue reading “Doctors’ year end financial and business planning”
Are you losing $1M or more of wealth accumulation intended for retirement?
Contact Connie Dello Buono, financial planner working with financial advisors and CPA helping doctors and business owners protect $1M in wealth accumulation (period of 10 or more years) at 408-854-1883 motherhealth@gmail.com in 50 US states. CA Life Lic 0G60621 , 1708 Hallmark Lane San Jose CA 95124
Medical doctors: 2014 tax law changes , impact and financial strategies
How will 2014 tax law changes impact your finances this year and beyond? Although the top marginal tax bracket was increased to 39.6%, most physicians will have their marginal rate (their last dollar of income) taxed at 28% or 33%, depending on your taxable income. Understanding tax brackets Contrary to popular belief, when you earnContinue reading “Medical doctors: 2014 tax law changes , impact and financial strategies”
Strategic financial structure for doctors saves $71k in income tax per year
“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arrangingContinue reading “Strategic financial structure for doctors saves $71k in income tax per year”
401(k) Plans Are Not Just For Big Businesses
A significant portion of the small business market consists of one person businesses. If you have a client whose business is a one person operation, s/he may be a perfect candidate for a Solo 401(k) Plan. A Solo 401(k) plan is a 401(k) plan for a one-person business and may offer your client an opportunityContinue reading “401(k) Plans Are Not Just For Big Businesses”
Type of Qualified Retirement Plan for high net income pros and business owners
Owner Goal Employees (Non-Owner) Plan Type Requirements Advantages Older Than Employees Maximize Contributions, Deductions & Benefits 0-4 Fully Insured Defined Benefit Plan, also known as a 412(e)(3) Plan Steady Profits: Business generates enough income to support ongoing plan contributions,. Plan funding required each year. Highest Possible Contribution, Deduction & Benefits. All Plan Assets HeldContinue reading “Type of Qualified Retirement Plan for high net income pros and business owners”
How to avoid capital gains tax
First, you can use a tax-protected retirement account to avoid paying capital gains taxes on the proceeds from your stock sales. As long as you keep the proceeds in the account and resist the urge to make premature withdrawals, you can grow your retirement savings on a tax-free basis for an indefinite period of time.
However, your retirement account may be subject to certain contribution limits. If you’re under the age of 50, you can contribute just $5,000 per year into your tax-protected IRA account. If you’re over the age of 50, you may be able to contribute as much as $6,000 into your account. Before you make any contributions, be sure to check with a licensed tax professional.
Track your miles and awards program, cash flows, financial plan
Email Connie at motherhealth@gmail.com to track your miles and awards programs. Call Connie 408-854-1883 to have your own The Living Balance Sheet which includes tracking of your miles and awards programs and most of all 30min access for . And include your time to learn how to use it with an LBS expert at ourContinue reading “Track your miles and awards program, cash flows, financial plan”