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Liquefy Illiquid Assets to Produce More Net Income

Liquefy Illiquid assets (real estate) and produce more net income to you and more inheritance to your heirs There are ways to be able to take advantage of opportunities in the tax code, including but not limited to: income tax law, estate tax law, insurance law, pension law, and lending laws that you need to

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Pros and Cons of Employer Sponsored Retirement Plans

Establishing a retirement plan for your company is a decision that could make a great difference in the retirement preparedness of your employees, and yourself. The Federal Reserve’s 2015 Report on the Economic Well-Being of U.S. Households in 2014 found that only 31 percent of non-retired survey respondents had no retirement savings whatsoever. Only 46

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How to Cover Emergency Medical Costs with Tax-Free Money

When we think of retirement, we imagine enjoying a home-cooked meal with family, vacationing in sunny locations, and losing ourselves in our favorite hobbies. We look forward to relaxing and enjoying our golden years, and we save our money to pay for those expected costs. But our imagined retirement betrays us by ignoring the realities

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Maximizing Your Retirement Benefits

Would you like to learn how to increase your net after-tax distribution, while reducing your taxes and increasing the deductible contribution to your retirement plan? MAXIMIZING YOUR RETIREMENT BENEFITS There are provisions in the IRS tax code that allow for incidental benefits to be provided by your business sponsored retirement plan. These benefits could include

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What’s Your Biggest Expense?

The answer may shock you When asked to identify their biggest expense, most people, no matter how successful or savvy, struggle to provide the correct answer. We receive answers like, “my home mortgage,” or, “my child’s tuition bill,” and while those are considered as some of the largest of all expenses, they don’t come even

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IRS Announces 2019 Retirement Plan Limits

In Notice 2018-83 (November 1, 2018), the IRS released the new limits on benefits and contributions for retirement plans. Current limits and historical context are provided below. Type of Limitation 2019 2018 2017 2016 2015 2014 401(k)and 403(b) Elective Deferrals(not including adjustment and catch-ups) $19,000 $18,500 $18,000 $18,000 $18,000 $17,500 457 Plan Limits(not including catch-ups)

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