300 E. Esplanade Dr., Suite 1950
Oxnard, CA 93036
805.973.5909
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Newsletters

THE SECURE ACT OF 2019: THINGS TO CONSIDER

February 2020

On December 20, 2019, President Trump signed a spending package into law, part of which included the SECURE Act (Setting Every Community Up for Retirement Enhancement).  To continue reading, click here.

 

The New Tax Numbers For 2020: Things To Consider

January 2020

On December 22, 2017, the president signed into law the Tax Cuts and Jobs Act of 2017. This Act brought about big changes to our tax system. Here’s a review of those changes, and what they mean for 2020: To continue reading, click here.

 

Deferred Compensation Plans: Things to Consider

My business owner clients often use life insurance as the basis for sweetening the compensation package of one or more key employees. They may generally choose between

  • A bonus plan,
  • A split dollar plan or
  • Some kind of deferred compensation plan.

What is a deferred compensation plan? In short, it’s a promise to pay an executive later on for work they are doing now. To learn more about deferred compensation plans, click here.

 

Managing Capital Gains Taxes: Things to Consider

November 2019

Folks sometimes sell certain assets in order to reinvest in others.  When one of my clients thinks about selling an investment, we discuss the tax consequences.

Many of the financial investments in a client’s portfolio will be capital assets.  Gain on the sale of most capital assets is taxed at capital gains rates.  To learn more about capital gains, click here.

 

Tax Planning for Retirement: Things to Consider

September 2019

My clients ask me all kinds of questions about the tax and technical aspects of financial strategies. In particular, folks are curious about the details Social Security benefits. To continue reading, click here.

 

Tax Planning for Retirement: Things to Consider

July 2019

Most people who are planning for retirement worry about whether they will have enough income to comfortably live on.  One factor in the retirement income mix that sometimes gets overlooked is the effect of federal income taxes.

The good news about federal income taxes is that for many of those nearing or at retirement age, the rates are lower today than they have been in the recent past.  The outlook isn’t all rosy though.  To continue reading, click here.

 

Do It Yourself Estate Planning: Things To Consider

June 2019

Those of us who provide life insurance and financial advice to our clients understand the importance of planning for the death-time transfer of wealth.  I work closely with estate planning attorneys and tax professionals to make sure my clients get the benefit of comprehensive and coordinated advice.

Not everyone is open to the idea of hiring a professional team to create an estate plan.  Some are determined to do things themselves.  Why?  There may be several factors:  To continue reading, click here.

Business Continuation Planning

May 2019

Many of my clients need help making plans to transfer their businesses one day.  Whether they intend to sell to a third party at retirement, or want their family members to take over in the event of death, written plans are a key part of any strategy.
 
I work with my business owner clients to protect the business and to make sure the owner’s goals are met. A properly drafted, implemented and funded buy-sell agreement can help achieve.. To continue reading, click here.

Federal Income Tax Withholding

April 2019

I recently read an article in USA Today.  Did you see it?  Here’s an excerpt:
 
The average tax refund issued so far dropped to $1,949, down 8.7 percent from $2,135 at the same time last year, according to IRS statistics. Last week, the agency reported that refunds were off by 8.4 percent compared with 2018 after the first week of filing.  
 
In a way, this part of the story misses an important point. To continue reading, click here. 

Questions & Answers

February 2019

My clients are full of questions related to taxes and law-related topics. They often ask me questions (among others) about
 
• IRAs,
• the Tax Cut and Jobs Act,
• Social Security benefits and
• life insurance and annuities.
 
Here are a couple of questions posed by clients that I wanted to share with you. To continue reading, click here.

The New Tax Numbers for 2019

January 2019

On December 22, 2017, the president signed into law the Tax Cuts and Jobs Act of 2017. This Act brought about big changes to our tax system. Here’s a review of those changes, and what they mean for 2019: To continue reading, click here.

Saving Taxes with Life Insurance

December 2018

The federal government has implemented lots of rules that affect the tax characteristics of life insurance. My clients are likely to have tax concerns and objectives that have a direct or indirect connection to life insurance.
 
The federal tax code is a patchwork that requires an experienced guide to arrive at a particular client’s destination. In fact, sometimes the journey requires several experts—life insurance professional, accountant and attorney.
 
The Internal Revenue Code is explicit in the tax advantages that it gives to life insurance. To continue reading, click here.

New Pass -Through Business Tax Rules

September 2018

Late last year, the Tax Cut and Jobs Act (TCJA) was signed into law. The process was more hurried than the path for similar comprehensive federal tax changes in the past. As a result, the TCJA left many unanswered questions.
 
The TCJA made major changes to federal income taxes. The tax rules were amended for both individuals and businesses. For individuals, some of the biggest changes were: To continue reading, click here.