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”
Tag Archives: C corporation
C corporation for the practice, structure for max savings and min taxes
C corporation can be the right choice for many small entities because of the deductions it allows. A C corporation enjoys a full deduction for the cost of employees (including owner employees) health insurance, group term life insurance up to $50k per employee and even long-term care premiums without regard to age-based limitations. A CContinue reading “C corporation for the practice, structure for max savings and min taxes”
To retire or not to retire at 62 or 70 yrs old
Below are feedback from many retirement planners. Taxes An IRA is 100 percent taxable but only up to 85 percent of Social Security is taxable,” she adds. If you take Social Security at 70, “you’ll have more money available for your retirement years.” Reduced Benefit Although you are eligible to begin taking Social Security atContinue reading “To retire or not to retire at 62 or 70 yrs old”