Tag: Jonathan Freeman
Episode 15 – Estate Tax Implications If Joe Biden Wins The Presidential Election

Episode 15 – Estate Tax Implications If Joe Biden Wins The Presidential Election

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The Presidential Election is coming up in less than 3 months. Are you prepared for the potential estate tax implications if the Democratic Party wins the election?

Today, Derek Myron and Kyle Malmstrom take an extensive look at the estate tax implications if Joe Biden wins the Presidential Election in November. They discuss why you should begin planning now regardless of the outcome of the election, the potential wealth risks you may face and more.

In this episode, you will learn:

  • What the estate tax is and how it works
  • Why you should be thinking about estate tax planning now before the election in November
  • The options you have for proactively creating an estate plan
  • The potential legislative risk you run if a plan is not in place in time
  • Some considerations you should think about while estate planning
  • Who you should talk to about creating your proactive estate plan
  • And more!

Tune in now to learn more about why you should begin estate planning TODAY!

Resources: Centura Wealth Advisory | dmyron@centurawealth.com | kmalmstrom@centurawealth.com 

 
Episode 14 – A Dive into Private Placement Life Insurance (PPLI) — With Guest Rick Calderon

Episode 14 – A Dive into Private Placement Life Insurance (PPLI) — With Guest Rick Calderon

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Private placement life insurance (PPLI) is a tax efficient, low-cost vehicle to provide Accredited Investors and Qualified Purchasers a means to transfer wealth.

PPLI leverages institutionally-priced wholesale insurance to create a tax efficient wrapper that gives investors the power of compounded growth tax free, as well as using a death benefit to transfer wealth to Generation 2+. 

Derek Myron is joined by Rick Calderon from MAS Advisors LLC to expand on PPLI and how it can serve as a wealth transfer vehicle for the right investor. 

In this episode, you will learn:

  • What PPLI is, the tax benefits, and who the ideal investor would be
  • Minimum investment requirements for creating a PPLI plan, and what the cost/yield is. 
  • What MEC and non-MEC structures are and how they can provide either wealth transfer or income for investors 
  • Good and bad investments for PPLI 
  • And more!

Tune in to learn all about private placement life insurance!

Resources: Centura Wealth Advisory | MAS Advisors LLC | Rick Calderon
Episode 13 – The Impact Of COVID-19 On The Multi-Family Real Estate Industry – With Mark Gleiberman

Episode 13 – The Impact Of COVID-19 On The Multi-Family Real Estate Industry – With Mark Gleiberman

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Multi-family real estate can provide a tax-efficient wealth-building model for yourself and your family. But has COVID-19 impacted the market, and if so, how?

Today, Derek Myron speaks with Mark Gleiberman, CEO of MG Properties about multi-family real estate, the tax implications of multi-family real estate, and the impacts of COVID on the multi-family real estate market.

In this episode, you will learn:

  • About MG Properties and their investment history and outlook
  • Tax efficiencies that come from multi-family real estate investing
  • The average return rate for multi-family real estate in various locations before and during the pandemic
  • How COVID has impacted multi-family real estate
  • How the underwriting process has changed in light of COVID-19
  • What may happen to the real estate market if there’s a legislative change in tax-free exchanges  
  • And more!

Tune in now to learn more about multi-family real estate and the effect the pandemic has had on one regional player in the industry!

Resources: Centura Wealth Advisory | Mark Gleiberman on LinkedIn | MG Properties Group
Episode 12 – Manage Business Risk with Potential for Financial Upside – With Guest Mark Sims of Captive Alternatives

Episode 12 – Manage Business Risk with Potential for Financial Upside – With Guest Mark Sims of Captive Alternatives

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Businesses of all sizes face risk in the best (and worst) of economic times, and it’s important as a business owner to make sure that you are covered. 

In this episode, Jonathan Freeman is joined by Mark Sims from Captive Alternatives to discuss alternative insurance options for risk management and how business owners and entrepreneurs may leverage alternative insurance structures (Private Insurance) to manage expected or unexpected risks which can also yield financial upside. 

In this episode, you will learn:

  • How business owners can effectively insure against planned and unplanned risks using captive alternative insurance structures (Segregated Asset Plans)
  • How you can use alternative insurance options to provide coverage in business areas that may not have been covered before
  • The most tax-efficient ways to protect your business
  • What the first year of your plan looks like with Captive Alternatives
  • And more!

Tune in to learn how to protect your business with alternative insurance structures!

Resources:  Centura Wealth Advisory | Captive Alternatives | Email: Mark Sims | Private Insurance Overview
Episode 11 – WINGs, NINGs, DINGs. And Other ThINGs – With Mark Morris of Levitzacks

Episode 11 – WINGs, NINGs, DINGs. And Other ThINGs – With Mark Morris of Levitzacks

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WINGs, NINGs, DINGs and ThINGs — yes, these are all real income tax strategies, but what do all these acronyms really mean, and how can this strategy help save you money in taxes? 

In this episode of Live Life Liberated, Kyle Malmstrom is joined by Levitzacks’ tax strategist Mark Morris to discuss the ING strategy—who it’s for, how it works, considerations, and potential pitfalls.

In this episode, you will learn:

  • How Business Owners in high tax states can benefit if they plan to have a liquidity event
  • In-depth detail regarding the ING strategy, types, design, and applicability
  • The implications of the ING strategy if you plan to sell your business
  • The power of appointment committee and how it factors into the strategy
  • And more!

Tune in now to learn if this unique income tax strategy is right for you!

Resources:  Centura Wealth Advisory | LEVITZACKS Website | Mark Morris 
Episode 10 – Supersized Qualified Retirement Plans and Rethinking Your Distribution Strategy of a Qualified Plan Since the Passage of the SECURE Act – With Guest Mike Zelch

Episode 10 – Supersized Qualified Retirement Plans and Rethinking Your Distribution Strategy of a Qualified Plan Since the Passage of the SECURE Act – With Guest Mike Zelch

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For many high-income earners, the problem they face when it comes to saving for retirement is an inability to save enough money pre-tax to meet their retirement goals. Rather than utilizing an “off-the-shelf” solution, Centura shares how options exist to supersize their deductions in a Defined Benefits Plan. 

In this episode, Derek Myron speaks with Mike Zelch, the COO at Actuarial Data Inc., to discuss Qualified Plan options, opportunities available for high-income earners in the Accumulation Phase of planning, as well as recent changes that will potentially impact your distribution strategy from the passage of the SECURE Act in 2019. 

In this episode, you will learn:

  • What makes a plan qualified by the IRS, and the different types of qualified plans, and the phases of Qualified plans
  • Options outside of Roth Conversions for your Qualified assets
  • The changes from the SECURE Act to Stretch IRAs and RMDs 
  • Potential estate tax outcomes for your beneficiaries if you were to pass away — and why it’s critical to review your plan since the passing of the SECURE Act
  • Different strategies offered by both Centura Wealth Advisory as well as Actuarial Data Inc. 
  • And more!

Tune in to learn how to optimize your retirement plans for a successful future!

Resources:  Centura Wealth Advisory | Actuarial Data Inc. | mzelch@adatainc.com
Episode 9 – CARES Act Considerations for Business Owners and Ultra High-Net-Worth Individuals — With Ken Van Damme of Ernst & Young

Episode 9 – CARES Act Considerations for Business Owners and Ultra High-Net-Worth Individuals — With Ken Van Damme of Ernst & Young

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The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, is an economic law designed to address the financial impact of the COVID-19 pandemic.

But how does this act provide support for entrepreneurs and business owners?

Today, Kyle Malmstrom joins Ernst & Young partner Ken Van Damme to provide an update on the CARES Act and what its provisions mean for business owners and ultra high-net-worth individuals.

In this episode, you will learn:

  • Business planning considerations for the Paycheck Protection Program
  • Ways the CARES Act is impacting the real estate industry, owners, and operators 
  • How Net Operating Loss (NOL) carry-back provisions can benefit business owners
  • How the CARES Act is enhancing charitable contributions and retirement plans 
  • And more!

Tune in now for your update on the CARES Act and the provisions that you need to know about!

Resources:  Centura Wealth Advisory | Ken Van Damme | Ernst & Young
Episode 8 – Powerful Strategies for True Asset Protection –– With Siddharth Chhokar

Episode 8 – Powerful Strategies for True Asset Protection –– With Siddharth Chhokar

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With 20 million lawsuits filed every year, asset protection has proven to be a major concern for wealthy individuals.

In this episode, Derek Myron speaks with Siddharth Chhokar of Chhokar Law Group about how ultra-wealthy individuals can achieve true asset protection. They discuss powerful planning options for people who live in states that don’t have asset protection laws, along with strategies for negotiating and for removing the threat of outrageous litigation.

In this episode, you’ll learn:

  • The difference between the segregation of risk and true asset protection
  • Which three states allow you to create a private trust company 
  • How to protect assets in your child’s trust — even though certain states don’t allow people to create self-settled asset-protection trusts
  • What actions to take before the tax landscape changes
  • And more!

This is an informative episode that you will want to rewind and listen to again! Tune in now to hear powerful planning strategies to help you achieve true asset protection.

Resources:  Centura Wealth Advisory | Chhoker Law Group: (858) 384-5757
Episode 7 — SBA PPP Loans: What “perplexed” business owners need to know! – with guest Dan Yates, CEO of Endeavor Bank

Episode 7 — SBA PPP Loans: What “perplexed” business owners need to know! – with guest Dan Yates, CEO of Endeavor Bank

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The Treasury Department recently issued new FAQs regarding SBA PPP loans. It addresses many key questions and issues, however, some business owners remain in the dark and are looking for clarity.  

In part three of the PPP loans series, Derek Myron speaks with Dan Yates, CEO at Endeavour Bank, to offer an insight from the banks’ perspective of the SBA PPP loans and the most recent expansion of the program. Together they break down the current funding situation, and what the recent FAQs do to provide more clarity – and in some cases create some unknowns.

In this episode, you’ll learn:

  • How banks are addressing SBA PPP loan applications
  • How internal and federal restrictions on banks may be impacting processing
  • Tips for business owners who feel “stalled” in the process
  • The chances of a third round of PPP funding
  • The loan forgiveness eligibility and process
  • And more!

Tune in now to hear facts and gain clarity about the SBA PPP program.

Resources:   Centura Wealth Advisory | Endeavour Bank

 
Episode 5 – SPECIAL UPDATE: COVID-19, PART 2

Episode 5 – SPECIAL UPDATE: COVID-19, PART 2

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In this follow-up COVID-19 episode, we expand on actions business owners should be taking in response to the  COVID-19 economic shut down, and follow up on some previously shared information. As the circumstances are constantly changing, we want our clients and the community to be well informed.

Dan Yates, CEO of Endeavor Bank, returns for part 2 of our COVID-19 special update. Dan provides advice and an update for business owners regarding the Paycheck Protection Program loans, how to effectively utilize the loan, plus how to best optimize for loan forgiveness and more.

Listen in for these important updates regarding this rapidly developing situation and key advice for business owners. 

Resources: Centura Wealth Advisory | Jonathan Freeman LinkedIn | Endeavor Bank | Dan Yates LinkedIn

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