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”
Category Archives: wealth
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.
44 Social Security ‘Secrets’ All Baby Boomers and Millions of Current Recipients by Laurence Kotlikoff
Social Security’s Handbook has 2,728 separate rules governing its benefits. And it has thousands upon thousands of explanations of those rules in its Program Operating Manual System, called the POMS, which provides guidance on implementing the 2,728 rules. Talk about a user’s nightmare! As a young economist, I did a fair amount of academic researchContinue reading “44 Social Security ‘Secrets’ All Baby Boomers and Millions of Current Recipients by Laurence Kotlikoff”
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”
The 1 million race for the cure to end aging
If asked what is my one million entry for the cure to end aging, it will comprise of the following factors in synergy: Happiness: finding love, joy,satisfaction and confidence in every day. Happiness from the beauty of the place you live and work. Where there is no toxins or pollutants, where you can breath well.Continue reading “The 1 million race for the cure to end aging”
Your house is now valued at $1.4M, use your life insurance to protect your assets
If you live near the stadium in Santa Clara, your house might be valued around $1.4M. Do you have enough life insurance with face amount equal to the value of your house? Your life insurance at work is only around $100k and only valid while you are employed in the same company. Do you haveContinue reading “Your house is now valued at $1.4M, use your life insurance to protect your assets”
How do you increase your personal development to add value to your clients
Use your strength to serve your clients well and succeed in your business. Self development should be an on-going process. Listen to the feedback of others about your persona and keep reviewing what works to tune your strategies to success. Get a life coach or mentor. Connie is forming a Life and Business Coaching andContinue reading “How do you increase your personal development to add value to your clients”
How to build a man, Esquire Mentors 2014
We want our boys to grow up to be good men. We want them to know that love doesn’t conquer all, but it conquers a lot. We want them to know their kids’ friends’ names and make them laugh. We want them useful and good. To be a little better than they were. A littleContinue reading “How to build a man, Esquire Mentors 2014”
Knowing my strengths and weakness to succeed
Today, I completed my profile to learn about my strengths and weakness in order to succeed. Tony Robbins and his team are my mentors. https://www.tonyrobbins.com/ue/disc-profile.php Research shows that the most successful people share the common trait of self-awareness. They recognize the situations that will make them successful, and this makes it easy for them toContinue reading “Knowing my strengths and weakness to succeed”
Reasons you need a whole life insurance, gift for grandchildren, college funds, retirement funds
A level premium or limited premium whole life insurance can: provide asset reallocation and repositioning to serve your long term care needs be a gift to your grandchildren or children aside from using your Living Trust for gifting used to open a retirement plan instead of an IRA by end of the year for tax purposeContinue reading “Reasons you need a whole life insurance, gift for grandchildren, college funds, retirement funds”
Young techies buying stocks/investments to plan to retire early
Talking to a 27 yr old techie this afternoon who owns some investments and stocks with the hope of retiring early at 40 was very promising. Silicon valley is a haven for young techies. They own stocks and buy more investments. I asked him if he has a financial planner and he said no.Continue reading “Young techies buying stocks/investments to plan to retire early”
1035 Exchange for CPA, Estate Planning for Business Owners and Living Benefits for all
Save, invest and then spend with collaboration from your CPA, tax preparer, estate planner, life insurance agents, financial planners and other professionals. Learn from them and then start an electronic fund transfer each month so that you have paid yourself first before you spend. Call Connie before the end of the year to properly allocate yourContinue reading “1035 Exchange for CPA, Estate Planning for Business Owners and Living Benefits for all”
Five reasons people buy Fixed Annuities by Chris Conklin
A few weeks ago, I went into a branch of a small, locally owned savings bank near my home and happened to see one of their customers filling out the paperwork for a money market account yielding 2.25 percent. I thought this was curious, since it’s easy to find an FDIC-insured money market or savingsContinue reading “Five reasons people buy Fixed Annuities by Chris Conklin”