On Point Finances in Los Gatos

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On Point Finances in Los Gatos On Point Finances is a licensed life insurance and annuity agency in Los Gatos, California. Education first, product second. CA Ins. Lic.

We work with people inside ten years of retiring on retirement income, annuities and life insurance.

09/03/2026

You insured the building and the trucks. Now name the person the business does not survive without 👇

🔄 Send this to your business partner. Seriously, that is the whole point

1️⃣ **Key person coverage**
Most small businesses have one or two people who carry the client relationships, the technical knowledge, or the licence the whole operation runs on. Key person insurance is owned by the business and pays the business, so it can absorb the disruption instead of unravelling during it.

2️⃣ **The partner question**
If you have a co-owner, ask what happens to their share if they die tomorrow. Without an agreement it can pass to their heirs. You may find yourself in business with someone who has never worked a day in it and does not want to.

3️⃣ **The buy-sell agreement**
A written agreement that the surviving owner buys the departing owner's share, at a valuation method agreed in advance while everyone is calm and nobody has leverage.

4️⃣ **How it gets funded**
An unfunded buy-sell is a promise to find a large amount of cash at the worst possible moment. Life insurance is the common funding mechanism precisely because the money arrives when the obligation does.

5️⃣ **The corporate retirement plan**
Separately, a plan is one of the few benefits that helps retain the exact people who would be expensive to replace.

The business you built survives you or it does not, and that is decided by paperwork you sign years earlier.

➕ Follow for the business paperwork nobody enjoys until they need it



On Point Finances is a licensed life insurance agency, CA Department of Insurance License . General education only, not tax, legal, or investment advice. Insurance and annuity products are not deposits, are not FDIC insured, and are not guaranteed by any federal government agency. Any guarantees are backed solely by the claims-paying ability of the issuing insurance company. Tax outcomes depend on your individual facts and current law, and no tax result is guaranteed. Bring your situation to a qualified CPA or tax attorney.

09/02/2026

The tax code is not all against you. Seven parts of it were written in ordinary people's favor 👇

🔄 Save this one. You will want it before your next big financial decision

None of these are loopholes. They are long-standing provisions, used openly every day, and every one carries conditions that a qualified tax professional has to apply to your actual facts.

1️⃣ **Section 121, the home sale exclusion**
Qualifying owners may be able to exclude up to $250,000 of gain on the sale of a main home, and many married couples filing jointly up to $500,000. Ownership, use, and timing tests apply.

2️⃣ **Section 1031, the like-kind exchange**
Lets an investor roll gain from one investment property into another and defer the tax. Strict identification and closing deadlines apply, and it defers rather than forgives.

3️⃣ **Pre-tax retirement contributions**
Money into a traditional 401(k) or IRA is generally not taxed in the year contributed. Tax is deferred until it comes out.

4️⃣ **Roth accounts**
The mirror image. Taxed going in, and qualified withdrawals come out tax free. Which side of that trade is better depends on facts nobody can guess for you.

5️⃣ **Health savings accounts**
For those eligible, contributions, growth, and qualified medical withdrawals all carry tax advantages. The only common account structure that does all three.

6️⃣ **Qualified Opportunity Zones**
Created to route capital into designated communities, with tax treatment on reinvested gains. Conditions and holding periods apply.

7️⃣ **Step-up in basis**
Inherited assets generally receive a basis adjusted to value at death, which can dramatically change what heirs owe on a later sale. This is the single strongest argument for estate planning happening before it is needed.

The common thread: almost all of them have to be used before a transaction, not reported after one. That timing is the whole game.

➕ Follow for the parts of the code written for regular people



On Point Finances is a licensed life insurance agency, CA Department of Insurance License . General education only, not tax, legal, or investment advice. Insurance and annuity products are not deposits, are not FDIC insured, and are not guaranteed by any federal government agency. Any guarantees are backed solely by the claims-paying ability of the issuing insurance company. Tax outcomes depend on your individual facts and current law, and no tax result is guaranteed. Bring your situation to a qualified CPA or tax attorney.

09/01/2026

A will does not avoid probate, and most people believe the opposite 👇

🔄 Send this to whoever in your family keeps saying "we have a will, we're fine"

1️⃣ **What a will actually does**
A will is instructions for the probate court. It does not avoid the process, it directs it. Probate is generally public, can be slow, and carries cost.

2️⃣ **A trust is a different tool**
Assets titled into a properly funded trust can generally pass outside probate. The words "properly funded" are load-bearing. A trust that was signed but never had assets moved into it does very little.

3️⃣ **The part that overrides everything**
Retirement accounts, life insurance, and payable-on-death accounts pass by beneficiary designation. That form generally controls regardless of what the will says.

4️⃣ **Which is where plans actually break**
An ex-spouse still listed. A deceased parent as primary. A blank contingent line. No document fixes that, because the form was never wrong to begin with, it was just never updated.

5️⃣ **The fifteen minute version**
Log in to every retirement account and insurance policy and read the beneficiary line. Primary and contingent. That is the highest-value fifteen minutes in personal finance and it costs nothing.

Estate documents are prepared by licensed professionals. The beneficiary review is the part you can do tonight.

➕ Follow for the family conversation nobody starts



On Point Finances is a licensed life insurance agency, CA Department of Insurance License . General education only, not tax, legal, or investment advice. Insurance and annuity products are not deposits, are not FDIC insured, and are not guaranteed by any federal government agency. Any guarantees are backed solely by the claims-paying ability of the issuing insurance company. Tax outcomes depend on your individual facts and current law, and no tax result is guaranteed. Bring your situation to a qualified CPA or tax attorney.

08/31/2026

Leaving a job does not mean you have to move your 401(k) 👇

🔄 Send this to someone who just changed jobs

The transfer form is the last step, not the first one. Most people are handed it first.

1️⃣ **Leave it where it is**
Many plans let you stay if the balance is above a threshold. Large plans can carry institutional pricing a retail account cannot match.

2️⃣ **Move it to the new employer plan**
If the new plan accepts rollovers, this keeps everything in one place and can preserve plan-level features.

3️⃣ **Roll it to an IRA**
Usually the widest investment menu and the most control. Costs, protections, and services can differ meaningfully from a plan, in both directions.

4️⃣ **Take a distribution**
Almost always the most expensive door. Generally taxable, potentially with an additional early distribution penalty depending on your age, and the compounding stops permanently.

5️⃣ **What actually decides it**
Total cost under each. When and how you can reach the money. What investment options you gain or lose. What creditor protections change. Who helps you after the paperwork clears. And the tax questions, which belong with a qualified tax professional rather than whoever is handing you the form.

No door is automatically right. Anyone who tells you otherwise before asking about your situation is selling the door, not answering the question.

➕ Follow for the comparison nobody runs for you



On Point Finances is a licensed life insurance agency, CA Department of Insurance License . General education only, not tax, legal, or investment advice. Insurance and annuity products are not deposits, are not FDIC insured, and are not guaranteed by any federal government agency. Any guarantees are backed solely by the claims-paying ability of the issuing insurance company. Tax outcomes depend on your individual facts and current law, and no tax result is guaranteed. Bring your situation to a qualified CPA or tax attorney.

08/30/2026

There is a ceiling on the tax-free part of your home sale, and most owners never hear the number 👇

🔄 Send this to the neighbour who has owned since the nineties

1️⃣ **The numbers**
Qualifying taxpayers may be able to exclude up to $250,000 of gain on the sale of a main home. Many married couples filing jointly may qualify for up to $500,000. Federal reference points, not a calculation of your situation.

2️⃣ **The rules behind them**
Broadly, in the five years before the sale you generally need two years of ownership and two years of use as your main home, with rules about having claimed the exclusion recently. Exceptions exist for divorce, death of a spouse, disability, and military or Foreign Service duty.

3️⃣ **Why it bites in California**
A house bought decades ago can carry a gain far past $500,000. The exclusion is a fixed number in a market that was not fixed.

4️⃣ **What quietly changes the math**
Capital improvements adjust basis upward, and almost nobody keeps those receipts. Any period rented, any depreciation claimed, any home office deduction, any stretch as a second home.

5️⃣ **The part above the ceiling**
That is where planning happens, and it happens before the home is listed.

Start with IRS Publication 523 and Topic 701, then have a qualified tax professional apply the rules to your facts.

➕ Follow for the numbers nobody volunteers



On Point Finances is a licensed life insurance agency, CA Department of Insurance License . General education only, not tax, legal, or investment advice. Insurance and annuity products are not deposits, are not FDIC insured, and are not guaranteed by any federal government agency. Any guarantees are backed solely by the claims-paying ability of the issuing insurance company. Tax outcomes depend on your individual facts and current law, and no tax result is guaranteed. Bring your situation to a qualified CPA or tax attorney.

08/29/2026

"Guaranteed income for life" is half a sentence. Always ask the second question 👇

🔄 Send this to whoever is being shown an income illustration this week

The word guaranteed is doing enormous work in that phrase, and the useful question is what stands behind it.

1️⃣ **Guaranteed by whom**
An income guarantee in an annuity is a contractual obligation of the issuing insurance company. Any guarantees are backed solely by the claims-paying ability of that insurer. It is not a bank deposit, it is not FDIC insured, and it is not guaranteed by any federal government agency. That is not a warning, it is simply what the promise actually is, and you should know whose promise you are holding.

2️⃣ **Whose lifetime**
Single life, joint life, or a period certain. Each changes the payment and changes what remains for a spouse or beneficiary. The largest number on the page is usually the option that leaves the least behind.

3️⃣ **What you exchanged for it**
Income certainty is usually bought with liquidity. Ask about the surrender period, the annual withdrawal allowance, any market value adjustment, and every exception to both.

4️⃣ **Guaranteed versus illustrated**
An illustration can show more than one future. Find the guaranteed column and the non-guaranteed column and read them as two separate documents. They are not the same promise.

5️⃣ **Who it may not fit**
Money you expect to need in the near term. If a large share of your savings would be committed, that is a reason to slow down rather than speed up.

Lifetime income is a real tool that solves a real problem. It just deserves the second question before the signature.

➕ Follow for the tradeoffs left in



On Point Finances is a licensed life insurance agency, CA Department of Insurance License . General education only, not tax, legal, or investment advice. Insurance and annuity products are not deposits, are not FDIC insured, and are not guaranteed by any federal government agency. Any guarantees are backed solely by the claims-paying ability of the issuing insurance company. Tax outcomes depend on your individual facts and current law, and no tax result is guaranteed. Bring your situation to a qualified CPA or tax attorney.

08/28/2026

The most expensive sentence in any sale is "we'll deal with the taxes after closing" 👇

🔄 Send this to whoever is already talking to a buyer

1️⃣ **Filing season is not the window**
A return reports what already happened. It does not restructure it.

2️⃣ **The window closes at signing, not closing**
For many structures the deadline is when the sale becomes binding, which can be weeks before money moves. Some people cross that line back at the letter of intent.

3️⃣ **Setup takes real time**
Trusts get drafted and funded. Intermediaries get engaged before anything transfers. Calling the week of closing is often calling too late.

4️⃣ **What early looks like**
Early is while you are still deciding whether to sell. Every week after that, options come off the table quietly.

5️⃣ **Sometimes the default is correct**
If the cost of a structure exceeds what it saves, the honest answer is to pay the tax. You should expect to hear that plainly.

Nobody sends a notice when the window closes.

➕ Follow for the timing nobody explains until it is too late



On Point Finances is a licensed life insurance agency, CA Department of Insurance License . General education only, not tax, legal, or investment advice. Insurance and annuity products are not deposits, are not FDIC insured, and are not guaranteed by any federal government agency. Any guarantees are backed solely by the claims-paying ability of the issuing insurance company. Tax outcomes depend on your individual facts and current law, and no tax result is guaranteed. Bring your situation to a qualified CPA or tax attorney.

08/27/2026

There are two ways to move a 401(k), and one of them costs you twenty percent before you start 👇

🔄 Send this to anyone who has changed jobs this year

This is the most expensive piece of paperwork most people never read, and the fix is a single box on a form.

1️⃣ **The indirect route**
You ask for the money and the plan sends it to you. Any taxable eligible rollover distribution paid to you from an employer plan is generally subject to mandatory federal withholding of twenty percent. That happens even when you tell them you intend to roll it over.

2️⃣ **The sixty day clock**
From the day you receive it, you have sixty days to get it into another eligible plan or IRA.

3️⃣ **The trap inside the trap**
To defer tax on the whole amount, you have to redeposit the entire distribution, including the twenty percent that was withheld and never reached you. That means finding that money from somewhere else for the length of the clock. Whatever you cannot replace is generally treated as a distribution, which can mean tax and, depending on your age, an additional early distribution penalty.

4️⃣ **The direct route**
You ask the plan to send it directly to the new plan or IRA. No withholding. No sixty day requirement, because the money never passes through your hands.

5️⃣ **What to actually say**
"I want a direct rollover, trustee to trustee." That sentence is the entire difference, and it is asked once, on the phone, before anything moves.

Same money. Same destination. One version keeps twenty percent of it working for you the whole way.

Straight from the source: IRS Topic 413 and the IRS rollovers page. Then have a qualified tax professional apply it to your situation.

➕ Follow for the mechanics nobody hands you on the way out the door



On Point Finances is a licensed life insurance agency, CA Department of Insurance License . General education only, not tax, legal, or investment advice. Insurance and annuity products are not deposits, are not FDIC insured, and are not guaranteed by any federal government agency. Any guarantees are backed solely by the claims-paying ability of the issuing insurance company. Tax outcomes depend on your individual facts and current law, and no tax result is guaranteed. Bring your situation to a qualified CPA or tax attorney.

Address

14585 South Bascom Avenue
Los Gatos, CA
95032

Opening Hours

Monday 9am - 6am
Tuesday 9am - 6am
Wednesday 9am - 6am
Thursday 9am - 6am
Friday 9am - 6am
Saturday 9am - 6am

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