What Financial Advisors Are Reading This Week

10th Mar 2016

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Defined Benefits May Take the Sting Out of Tax Time

CPA Pamela Schuneman shares how defined benefit plans can help small businesses under the right circumstances. If you are high income self employed and want to see how a defined benefit plan may benefit you, use our calculator to see what your tax savings and accumulation could be.

Via Business Observer

8 Millionaire Money Tips for the Rest of Us

Financial advisors who represent millionaires share advice they give their clients that also applies to the rest of us. Some tips advisors recommend: Make your money work for you, keep an emergency fund, plan for a health emergency, review your finances periodically – a year end meeting with clients and advisors.

Via US World and News Report

3 Top Tax Breaks for the Wealthiest Americans

While features such as progressive tax rates put upper-income taxpayers into the highest brackets, many favorable tax provisions benefit the wealthiest Americans in ways that offset their tax bills substantially. There are three particularly big breaks that the wealthy use consistently to save money on taxes: low capital gains and dividend tax rates, no Social Security payroll tax above the “wage cap,” and higher exclusions from estate tax. If you ask our clients, defined benefits is one of the top tax strategy.


Self-Made Millionaire + Hubris = Disaster

Self-made millionaires represent the largest percentage of wealthy individuals the world over. An overwhelming majority of self-made millionaires create their personal fortunes because of successful business enterprises. However, some self-made millionaires lose sight of what they did to become wealthy and start to see themselves as more expert than they are. This unchecked arrogance – hubris – will often result in bad judgments that may produce irrational acts and poor business decisions.

Via Forbes

How Should You Plan Your Exit?

When making succession plans for leaving the firm, preparation and attention to detail can go a long way. The agreement should spell out rules of engagement in case either party is unhappy with how things pan out. It’s also important to establish which circumstances would make succession revocable and to define points when the deal could be called off.

Via Financial Advisor IQ

Dedicated DB@ DedicatedDB

Here are 6 tips to help you plan for retirement via @CNBC #retirement #retirementplanning https://t.co/tD0c161gmR

8:35 PM 19 April 2019

Dedicated DB@ DedicatedDB

Looking for a tax deduction? See how much you can save with our free Defined Benefit calculator #definedbenefithttps://t.co/uwc1ckzVDC

7:34 PM 19 April 2019

Dedicated DB@ DedicatedDB

A 25-year-old YouTuber quit her day job and now makes 6 figures recording herself eating via @money #youtuberhttps://t.co/4BH5ZaL5Nq

5:14 PM 19 April 2019

Dedicated DB@ DedicatedDB

11 strategic topics to discuss at your next meeting with your financial advisor via @forbes #advisorshttps://t.co/Q1ulizP44R

4:15 PM 19 April 2019

Dedicated DB@ DedicatedDB

Financial advisors are innovating their practices too slowly and that may have negative implications for their grow… https://t.co/8JaWYTFuzp

8:55 PM 18 April 2019

Dedicated DB@ DedicatedDB

2019 PR trends are affecting high-income PR professionals, who are opening Defined Benefit plans #PRhttps://t.co/fQDGQILpEF

5:30 PM 18 April 2019

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