Tag: Tax Planning
Episode 19 – Potential Tax Implications from 2020 National and California State Elections

Episode 19 – Potential Tax Implications from 2020 National and California State Elections

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Tax planning is as important as ever, and based on the recent elections it may have an impact on your personal and business income tax situation. 

In this episode, Kyle Malmstrom and guest Ken Van Damme, tax partner at Ernst and Young, give listeners guidance for some tax solutions to put into action. Kyle and Ken raise concerns about why you should be making immediate decisions and acting accordingly to save you money. 

In this episode you will learn:

  • Why Joe Biden’s tax plan matters for your individual or business planning
  • What estate tax exemption is and how it works
  • About income and estate taxes under Biden’s plan
  • About the several programs that may be implemented when Biden takes office
  • What a sunset provision is and the impacts of the provision
  • California propositions and legislation targeting high-income earners
  • And more!

Tune in now to learn more about how to plan for the new tax environment!

Resources: Centura Wealth Advisory |  Kyle Malmstrom | Ernst and Young | Kenneth Van Damme 
Episode 18 – The World Of Alternative Investments

Episode 18 – The World Of Alternative Investments

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Alternative investments offer higher potential returns, and several benefits you won’t find from traditional investments.

Today, Kyle Malmstrom and David Cariani (Co-CIOs) introduce listeners to the world of alternative investments. Kyle and David share what types of alternative investments there are, how they’re structured, their potential risks and benefits and more.

In this episode, you will learn:

  • How most alternative investments are structured
  • The potential risks and benefits involved with alternative investments
  • How alternative investments help diversify your portfolio
  • How you can discover what alternative investments are best for you
  • What you should be looking for when getting into alternative investments
  • And more!

Tune in now to learn all about alternative investments.

Resources: Centura Wealth Advisory ; David Carani |  Kyle Malmstrom | Centura Investment Philosophy 
Episode 17 – Your Guide to Buy-Sell Agreements in 30 Minutes –– With John Parise and Michael Parise

Episode 17 – Your Guide to Buy-Sell Agreements in 30 Minutes –– With John Parise and Michael Parise

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Too many new business owners overlook the importance of having a buy-sell agreement.

If a business partner becomes disabled, passes away, or departs the business, they leave the future of their business on shaky ground and open to costly disputes with the remaining partners. 

Today, Jonathan Freeman is joined by John Parise and Michael Parise of Copper Beech to discuss buy-sell agreements. 

The father-son pair uncover why buy-sell agreements are important, best practices for avoiding additional stress and legal bills, and what events trigger a transfer of ownership.

In this episode, you will learn:

  • What buy-sell agreements are and why every business needs one
  • Which type of buy-sell agreements is right for your business
  • What voluntary and involuntary trigger events can initiate a transfer of ownership
  • What to consider when drafting a buy-sell agreement so that it’s tax-efficient 
  • And more!

Tune in now to learn more about buy-sell agreements!

Resources:  Centura Wealth Advisory | Copper Beech Financial Group
Episode 16 – How The Single-Family Rental Industry Has Become Reliable For Investors – With Guest Ted Conrads

Episode 16 – How The Single-Family Rental Industry Has Become Reliable For Investors – With Guest Ted Conrads

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The single-family rental industry was falling behind the multi-family rental market, however, things continue to change and investors are seeing it as a valuable asset class.

In this episode, David Cariani is joined by Ted Conrads, co-founder and co-president of Colchis Capital. Ted shares background information on Colchis Capital, and explains how the single-family rental industry has become a valuable asset class for investors.

In this episode, you will learn:

  • How Colchis Capital serves clients in four markets across the US
  • How the single-family rental market has become a stable, reliable asset class for investors
  • The role technology plays in the single-family rental industry
  • About a tax-efficient strategy and how investors benefit 
  • And more!

Tune in now to learn how the single-family rental industry has become reliable for investors in recent years!

Resources: Centura Wealth Advisory | David Cariani | Colchis Capital | Ted Conrads
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

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