Tag: Tax Deferral
How Can High-Income Business Owners Supercharge Their Retirement Savings? (Ep. 92)

How Can High-Income Business Owners Supercharge Their Retirement Savings? (Ep. 92)

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Business owners with a lot of surplus cash flow often want to put it away in a qualified plan and defer taxes. The problem is that they might feel restricted by the contribution limits.

However, there is a way to set up a qualified plan and potentially contribute millions of dollars.

To learn more about this strategy, join Centura Wealth Advisory’s Sean Clark, Wealth Advisor, and Christopher Hyman, Director of Insurance Solutions, as they explain how to design such qualified plans, the types of businesses they are suited for, and any caveats to look out for.

Sean and Chris discuss:

  • The difference between defined contribution and defined benefit plans
  • A brief overview of how contribution limits are determined
  • How the plan works from setup to maintenance to termination (especially when a business is sold)
  • How to defer more money than conventional retirement savings plans (e.g., 401k, SEP IRA, etc)
  • The benefits of integrating life insurance into your qualified plan
  • And more

Connect with Sean Clark:

Connect with Christopher Hyman:

Connect with Centura Wealth Advisory:
Effective Tax Deferral Strategies for Real Estate Investors With Mark Kenny (Ep. 59)

Effective Tax Deferral Strategies for Real Estate Investors With Mark Kenny (Ep. 59)

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Real estate investors often use a 1031 exchange to defer taxes.

However, a direct 1031 exchange is not possible if you want to transfer your real estate investment into publicly traded REIT shares.

In this episode, Sean Clark, Director of Financial Planning, and Mark Kenny, Advanced Planner, discuss alternative tax deferral strategies using UPREITs and DownREITs.

Sean and Mark discuss:

  • A brief overview of 1031 exchanges
  • How UPREITs and DownREITs work — and the difference between them
  • How the team at Centura Wealth Advisory navigates these transactions
  • Liquidity, diversification, and wealth transfer benefits of UPREITs and DownREITs
  • And more

Connect With Centura Wealth Advisory:

About Our Guest:

Mark Kenny is a Senior Wealth Planner at Centura Wealth Advisory. He provides advanced tax, estate, and wealth planning to high-net-worth clients. He has over 25 years of experience in estate planning, retirement planning, investments, business succession planning, and family wealth transfers. 



Archives

Categories