Imagine That! Newsletter

When Can Borrowing Save You Taxes? A client we’ll call “Joe,” owns several family-style restaurants in Southern California. Joe was recently contacted by a friendly competitor. The competitor was ready to retire and wanted to quickly exit the business. A very attractive, discounted price was offered to Joe, but he had to act quickly to get the discount …

When Can Borrowing Save You Taxes?Read More »

Once There Was A King … Once there was a king of a fair and far away land. The people of the kingdom were happy and industrious. The king had established his realm through hard work, a clever head for business, and by providing needed services to the villagers. The queen, much loved in the …

Nov 2012 – Wealth Legacy Group, Inc.Read More »

I recently received a call from a long-time client who is selling a valuable piece of real estate.  He was extremely frustrated by the enormity of taxes he will have to pay for the privilege of living in California!  Just how bad is it?  Would you believe nearly “40% bad?”  The Federal long-term capital gains …

“You Had Me At ‘Capital Gains Taxes Are Voluntary’”Read More »

Are you properly preparing your heirs for their inheritance? In January’s newsletter I shared of a discussion with a prospective client wishing to do estate planning for his $40M empire. He was completely focused on the need for tools, techniques and strategies, and had not considered the high probability that the family (some working in …

Using a Family Council to Prepare Your HeirsRead More »

How long do you expect to live? When I ask people this, they invariably tell me how old their parents or grandparents were when they died… Wrong answer!  Because of the mapping of the human genome and other medical advances, life expectancy today is far longer than most imagine. It is estimated that the first …

Will You Outlive Your Retirement Income?Read More »

Last week I was contacted by a client who is receiving a substantial distribution from his retirement plan account. Given the fact that he will likely retire in a tax bracket equal to or higher than his current bracket, I asked if he had considered rolling some or all of his distribution into a Roth. …

Why Are A Roth IRA And “Super-Roth” So Darn Attractive?Read More »

12 Pitfalls & Traps That Will Keep You From Retiring Well Welcome back to our last installment of a three-part article.  In the first and second installments, I had discussed eight pitfalls and traps that can keep you from retiring well.  Those reasons were: 1) no review process, 2) lack of diversification/non-correlated assets, 3) underperforming …

Part 3 of “I CAN’T RETIRE …” – Wealth Legacy Group, Inc.Read More »