Tag Archives: Wealth Transfer

Tax-Efficient Philanthropy With Charitable Remainder Trusts (Ep. 65)



Historically, many Americans have been quite charitably inclined.

If you are one of them, your philanthropic efforts can be optimized with Charitable Remainder Trusts (CRTs) that help you minimize your taxes when donating to your favorite organizations.

In this episode, Derek Myron and Kyle Malmstrom explain the benefits and risks of Charitable Remainder Trusts (CRTs) and why they are starting to regain their relevance in the current environment.

Derek and Kyle discuss:

  • How to determine if CRTs are ideal for your family
  • The different types of Charitable Remainder Trusts — and how to plan for them
  • How payout rates and duration impact your charitable planning
  • The types of investments that might work best within CRTs
  • And more

Connect With Centura Wealth Advisory:


Centura Client Experience from Retired Executives Point of View (Ep. 64)



Chuck and Mary Ann Cox became clients of Derek Myron, Managing Director of Centura Wealth Advisory (Centura), in 2004. After 18 years of wealth management and financial planning, Derek continues to serve Chuck today (unfortunately, Mary Ann passed away in 2018).

In this episode, Derek Myron interviews Chuck Cox, a retired executive, about his client experience at Centura. Chuck provides insights into the wealth management approach adopted by Centura and how it has improved his financial well-being over the years.

Chuck discusses:

  • The challenges he and Mary Ann faced while managing wealth on their own
  • How Centura advisors helped him in estate planning, tax planning and balance sheet optimization
  • How alternative investments contributed to his financial goals
  • Why he was able to assist in his daughter’s business without taking a hit on his own financial position
  • And more

Resources:

Connect With Centura Wealth Advisory:

The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.


Centura Client Experience from Retired Executives Point of View (Ep. 60)



Aubrey Serfling and Lori Long have worked with Centura Wealth Advisory (Centura) as clients for over eight years now. Despite being retired executives today, they continue to work on their charitable endeavors.

In this episode, Derek Myron interviews Aubrey and Lori about their client experience at Centura. They share insights into their wealth management journey which includes comprehensive tax planning, estate planning, balance sheet optimization, and cash flow planning.

Aubrey and Lori discuss:

  • Major pain points they uncovered during their discovery process
  • How they have benefited from trusts (e.g. CLATs) and various alternative investments
  • Balance sheet items that caused maximum problems — and how they addressed them
  • Their advice to executives who are trying to manage wealth on their own
  • And more

Resources:

Connect With Centura Wealth Advisory:

The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.




The Client Experience at Centura Wealth Advisory With Our Client Marilyn Daniels (Ep. 57)



After her father passed away in 1994, Marilyn Daniels was suddenly thrust into managing a large pool of assets and forced to make several key financial decisions. In 2004 she joined Centura Wealth Advisory (Centura) as a client.

In this episode, Derek Myron interviews Marilyn about her client experience at Centura and how her financial picture has evolved over the years.

Marilyn discusses:

  • Major wealth transfer challenges she faced while inheriting her parents’ estate
  • How financial planning has contributed to her charitable endeavors
  • How Centura’s team of professionals helped her overcome the complexity of wealth management
  • Her best and worst investments — and what she learned from them
  • And more

Resources:

Connect With Centura Wealth Advisory:

The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.




44. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes) — Part Two



The Build Back Better Act has recently been passed by the U.S. House of Representatives.

While it is yet to become a law, there are steps you can take today to minimize the legislative proposal’s impact on your wealth transfer, in case it is passed.

In this episode, Derek Myron and Kyle Malmstrom dive into the potential tax implications of the proposal for retirement plan owners. They also share how they are helping clients at Centura Wealth Advisory to prepare for these expected tax changes.

Derek and Kyle discuss:

  • Why they believe the new proposal to be an “assault on the U.S. retirement plans”
  • People who might be severely affected by this potential tax law change
  • How existing wealth transfer strategies might become obsolete under the new proposal
  • Best practices to minimize your estate taxes
  • And more

Resources:

Connect With Centura Wealth Advisory:


42. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes)



Over the years, you may have accumulated a large sum of wealth in your retirement accounts.

But withdrawing that money tax-efficiently can feel like a challenge, especially under proposed tax changes currently being discussed.

In this episode, Derek Myron and Kyle Malmstrom discuss how the expected estate tax changes may potentially affect your retirement plan distributions, and share effective strategies to help you transfer your accumulated wealth to your desired beneficiaries in a tax-efficient manner.

Derek and Kyle discusses:

  • A brief overview of the proposed Build Back Better Act
  • Different ways to take your money out of Individual Retirement Accounts (IRAs)
  • “Live-on” assets versus “leave-on” assets — what is better for you
  • Reasons to start planning your wealth transfer as early as possible
  • And more

Resources:

Connect With Centura Wealth Advisory:


Episode 29 – The Potential Impact of New Tax Proposals on Capital Gains Tax and Estate Planning



With the For The 99.5% Act proposal, estate tax and capital gains tax are expected to rise drastically starting in January 2022. Several tax benefits might also be eliminated.

What can you do now to minimize the impact of this act on your estate planning?

Derek Myron and Kyle Malmstrom answer this question in this episode. They discuss what the new tax proposal entails, the implications if it is passed, and things you can do before the 2021 year-end to minimize your estate taxes and ensure maximum wealth transfer to your beneficiaries.

You will learn:

  • Tax saving opportunities posed by the current, all-time high benefits
  • Why you should contact a professional and begin estate planning as early as possible
  • The benefits of IR-2019-189 regulations for your estate and gift taxes
  • Strategies to build a blueprint for efficient estate planning
  • And more!

Tune in now to learn how you can prepare yourself to deal with the expected tax changes!

Resources: Centura Wealth Advisory: (858) 771-9500 | Derek Myron on LinkedIn | Kyle Malmstrom on LinkedIn