Tag: Kyle Malmstrom
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 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 4 — Harnessing the General Power of Appointment for Tax Planning — With David Gebhardt, Esq.

Episode 4 — Harnessing the General Power of Appointment for Tax Planning — With David Gebhardt, Esq.

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Centura Wealth Advisory believes in sourcing and vetting new strategies that complement traditional money management, allowing the firm to bring only the best value-added solutions to clients. To do so, they often bring in amazing people who share their vision can help clients achieve the best results.

Today, Kyle Malmstrom returns with special guest David Gebhardt of Centara Legal Group. Together, they discuss how they help clients save estate taxes with some extraordinary strategies using the general power of appointment.

In this episode, you’ll learn:

  • What the general power of appointment is and why it was introduced
  • Ways Centura Wealth Advisory gives clients greater flexibility with their estate planning
  • How the power of appointment can impact your tax planning
  • When and why you would use a power of appointment
  • And more!

Tune in now to learn how to use the power of appointment to help you Liberate your wealth!

Resources: Centura Wealth Advisory | Centara Legal Group
Episode 1 — Introducing the Live Life Liberated Podcast

Episode 1 — Introducing the Live Life Liberated Podcast

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Centura Wealth Advisory is pleased to introduce the Live Life Liberated Podcast!

In this inaugural episode of the series, founding managing directors, Derek Myron and Kyle Malmstrom, introduce Centura Wealth Advisory and how they help clients liberate their wealth with planning, precision, and purpose.

In this episode, you’ll learn:

  • Who Centura Wealth Advisory serves (and how they help!)
  • How client education lends into Centura’s planning process 
  • Who is on the Centura Wealth Advisory team
  • About Derek and Kyle and who they are in and out of the office
  • And more!

Listen in now to learn about Centura Wealth Advisory and find out what you can expect to hear in upcoming episodes!

Resources:  Centura Wealth Advisory

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