02/24/2020
Knowing what replacement income will be needed and achieving it by knowing about Social Security Taxes prior to taking it can save you thousands of $$.
Hi I'm David Biondo Denver's Harmonica Playing Finance Guy. Hoochoocher is what the Tax Man is! Implementing strategies now to save you money makes sense. Especially, when you can have tax - free income that is protected from downside market risk because their isn't any. Up side potential is also Tax - Free accumulation through guaranteed appreciation.
Creating a bubble around your estate with no potential for all that want to steal, leaves you in quite a good position. Looking at health and welfare is also another way to maximize the potential for protecting against unseen circumstances. The costs surrounding the biggest shrinkage in assets is another way to leverage money to yourself in the future to cover these items of Long Term Care and Home Health Care. Coverage can be from day 1 so end of life circumstances are less of a burden. It is my belief leaving out these components can be debilitating and not beneficial in the long run.
Traditional Financial Planners have forgotten their role when playing exclusively with risky markets in a Wall Street Casino. Having money to live off of and leave Tax- Free legacies for more than what you have accumulated funds gives those and others around you the ability to continue in the footsteps you intended.
How do you get to accumulate at higher percentages and how does the new tax law on inherited IRA's and Required Minimum Distribution give you less choice? Mutual Life Insurance Companies have an exclusive on how to address this problem with a track record of 170 plus years of paying dividends on top of a bottom threshold guarantee. That's the shimmy in the cocoa bop! Oh, just so you know one of these companies just paid a 100 million dollar dividend! Shimmy shimmy>>>>......
Inherited Ira's from family must be ten years period certain pay outs and no ifs, and or buts!! It's a tax increase and you will be paying it. f you inherit and IRA they want the money spent and taxes paid in ten years!
Required Minimum Distributions just went from age 701/2 to age 72! Whoopde doo! At age 701/2 the percentage of assets you needed to take money out of qualified plans was at 3.7 % of assets. Now you can wait till age 72 but its at 4% and ramps up at .02% a year. What did you save? Nothing honey! This is why brokerage houses are telling people at age 67 to take SS and only take money out of their qualified 401k, traditional IRA's, Pension accounts, ESOP's.... at 3% or less. They don't know how long it will last?
A new study shows most people are running out of money before they are dead. That will make you die! Don't worry they are counting on that too. Don't be like everybody else you know Signal Butte Financial Corp. is just a click away! www.davidbiondo.com Click NOW don't be the brown cow!
Come on in and get served the blues before you get the blues so we can keep you away from the blues and all you have to do is just listen!
At Signal Butte Financial Corp, your wealth advisor, David Biondo, cares about what you have in accumulation. That is why he does 6 month reviews to keep you on track. While he is an expert in wealth management, he wants you to be successful and advises you in replacing 100% of current income! Call....