Ronald Gestiehr at Lifetime Financial Growth

Ronald Gestiehr at Lifetime Financial Growth A RESOURCE IN BUILDING YOUR FINANCIAL SUCCESS. Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). Phone: (412) 391-6700.

OSJ: 244 Boulevard of the Allies; Pittsburgh, PA 15222. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly-owned subsidiary of Guardian. Luttner Financial Group is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License ID . G

uardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents, and employees
expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof. This material is intended for general use. By providing this content Park Avenue Securities LLC and your financial representative are not undertaking to provide investment advice or make a recommendation for a specific individual or situation, or to otherwise act in a fiduciary capacity.
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Great article - I choose option  #4.  I believe this allows you to maximize income in retirement and stay invested in th...
07/31/2025

Great article - I choose option #4. I believe this allows you to maximize income in retirement and stay invested in the markets better than the others.

These strategies can help people avoid the pain of a market shock early in their retirement, said Wade Pfau.

I often encourage my clients to embrace a different mindset because their achievements set them apart. Are you in the to...
10/03/2024

I often encourage my clients to embrace a different mindset because their achievements set them apart. Are you in the top 1% of earners in Pennsylvania? In the entire country? If you’re in the top 10%, you’re already exceptional!

To join Pennsylvania's top 1% of earners, you'll need an annual income of at least $617,794. This figure comes from a recent analysis by Business Journals, which found that the income threshold for the national top 1% rose by 25% between 2020 and 2021, reaching $699,008. These figures are based on the 2021 tax year and reflect all tax filers, without accounting for marital or household status.

In 2020, 1,518,179 Americans made the top 1%, but that number fell to 1,486,807 in 2021, a decline of 2%. Washington, D.C. has the highest threshold for its top 1% at $1,071,426, followed closely by Connecticut at $1,022,499. On the lower end, West Virginia, Mississippi, and New Mexico have the lowest thresholds, at $373,106, $391,112, and $422,572, respectively.

The 1% earners club is getting even more exclusive

If you need help making decisions around Medicare - please reach out.
10/01/2024

If you need help making decisions around Medicare - please reach out.

Advisors can help clients choose the right Medicare plan.

Worried about the election??
08/23/2024

Worried about the election??

For advisors looking to support their clients during this contentious election cycle, here are five key considerations.

08/22/2024

The time is now to act on estate planning and business planning. Please see below and reach out to discuss further.

In her first major policy speech, Vice President Harris announced a plan to lower housing costs that will be funded by using Senator Warren's American Housing and Economic Mobility Act of 2024. The revenue raisers in Warren's Mobility Act represent a radial reconfiguration of the transfer tax system, and should the Democrats hit the "Trifecta" in the falls election, there may not be time to prepare clients for the best decisions in actions both now and in 2025. It's critical that you know how these proposals will radically change the planning techniques that have traditionally implemented.

This proposal could spell the death of wealth as we've come to know it. The following is an executive summary of the changes in the bill:

Reduce the exclusion to $3,500,000 and increase the estate tax rates to 55%, 60% and 65%

Implement a 10% surtax on estates over $1billion

Require GRATs to have a 10-year life and have a remainder interest equal to or greater than 10% of the value of the assets transferred to the trust

Add new code section section 2901 would essentially end the use of new grantor trusts

Impose the generation skipping transfer tax on transfers to anyone three generations below the transferor of the trust. Reduce the $18,000 annual exclusion to $10,000 per person and limit the total amount of annual exclusion gifts to $20,000 per donor

Add new code section 2705(a) that would limit discounts by reason of family control and section 2705(b) would limit the discount on the transfer of non-business assets

The following are some of the tax strategies you should be thinking about implementing right now:

Funding Annual Exclusion Gifts now

Implementing Gifts and Sales to protect discounts now

Funding SLATs now

Funding charitable gifts, CRTs, CLATs

04/06/2024
Are you a duck or an eagle
11/14/2023

Are you a duck or an eagle

I was waiting in line for a ride at the airport. When a cab pulled up, the first thing I noticed was that the taxi was polished to a bright shine. Smartly dressed in a white shirt, black tie, and freshly pressed black slacks, the cab driver jumped out and rounded the car to open the back passenger door for me.

He handed me a laminated card and said: 'I'm Wasu, your driver. While I'm loading your bags in the trunk I'd like you to read my mission statement.'

Taken aback, I read the card. It said: Wasu's Mission Statement:
To get my customers to their destination in the quickest, safest, and cheapest way possible in a friendly environment.

This blew me away. Especially when I noticed that the inside of the cab matched the outside. Spotlessly clean!

As he slid behind the wheel, Wasu said, 'Would you like a cup of coffee? I have a thermos of regular and one of decaf.'

I said jokingly, 'No, I'd prefer a soft drink.'

Wasu smiled and said, 'No problem. I have a cooler up front with regular and Diet Coke, lassi, water, and orange juice.'

Almost stuttering, I said, 'I'll take a lassi since I’ve never had one before.'

Handing me my drink, Wasu said, 'If you'd like something to read, I have Good Housekeeping magazine, Reader’s Digest, The Bible, and a Travel + Leisure magazine.'

As they were pulling away, Wasu handed me another laminated card, 'These are the stations I get and the music they play, if you'd like to listen to the radio.'

And as if that weren't enough, Wasu told me that he had the heater on and asked if the temperature was comfortable for me.

Then he advised me of the best route to my destination for that time of day. He also let me know that he'd be happy to chat and tell me about some of the sights or, if I preferred, to leave me with my own thoughts.

'Tell me, Wasu,' I was amazed and asked him, 'have you always served customers like this?'

Wasu smiled into the rear view mirror. 'No, not always. In fact, it's only been in the last two years. My first five years driving, I spent most of my time complaining like all the rest of the cabbies do. Then I heard about power of choice one day.'

'Power of choice is that you can be a duck or an eagle.'

'If you get up in the morning expecting to have a bad day, you'll rarely disappoint yourself. Stop complaining!'

'Don't be a duck. Be an eagle. Ducks quack and complain. Eagles soar above the crowd.'

'That hit me right,' said Wasu. He continued and said, 'It is about me. I was always quacking and complaining, so I decided to change my attitude and become an eagle. I looked around at the other cabs and their drivers. The cabs were dirty, the drivers were unfriendly, and the customers were unhappy. So I decided to make some changes. I put in a few at a time. When my customers responded well, I did more.'

'I take it that has paid off for you,' I said.

'It sure has,' Wasu replied. 'My first year as an eagle, I doubled my income from the previous year. This year I'll probably quadruple it. My customers call me for appointments on my cell phone or leave a message on it.'

Wasu made a different choice. He decided to stop quacking like ducks and start soaring like eagles.

Have an eagle life ahead.....

—Adapted

I hope we all decide to soar like an Eagle and not quack like a duck 🦅🦅

How do you optimize your day?
10/18/2023

How do you optimize your day?

Did you know there’s a connection between your circadian rhythm and productivity? Read more to learn how to optimize your day naturally. | SUCCESS

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15222

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Wednesday 7am - 5pm
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