Tag: CPA
Are Reverse Mortgages as Bad as They Seem? with Harlan Accola (Ep. 14)

Are Reverse Mortgages as Bad as They Seem? with Harlan Accola (Ep. 14)

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Are reverse mortgages misunderstood financial traps, or can they be strategic tools for secure retirements?

In this episode, Ken New speaks with Harlan Accola, National Reverse Mortgage Director at Movement Mortgage and a seasoned expert in reverse mortgages, about the often misunderstood world of reverse mortgages. They explore how these financial tools have evolved and how they can potentially benefit retirees by tapping into home equity without losing the house. Despite the stigma often associated with them, Ken and Harlan reveal the facts from personal and professional perspectives, offering insights into how reverse mortgages can fit into a comprehensive retirement strategy.

Harlan discusses: 

  • (02:36) What reverse mortgages and their potential benefits are
  • (05:06) The shift in reverse mortgage regulations and how they provide tax-free income
  • (12:31) How reverse mortgages can aid cash flow and reduce tax burdens
  • (17:06) Using home equity as a proactive financial planning tool
  • (26:29) The importance of involving family in financial decisions
  • And more

Consider reverse mortgages part of your financial toolkit, evaluating their fit with your overall plan. Tune in to learn how these loans might open new avenues in your retirement planning.

Connect with Ken New:

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

Connect with Harlan Accola:

About our Guest: 

Harlan Accola has spent decades in the mortgage industry. For the last 20 years, he has worked in housing wealth for retirees concentrating on reverse mortgages and retirement income planning. He has worked with many of the top financial planning researchers in the nation as to how the trillions of dollars in home equity should be utilized in wholistic retirement plans. Harlan is an author and national speaker and currently works with hundreds of financial professionals in his role as National Reverse Mortgage Director at Movement Mortgage. When he is not working he loves to spend time with his wife and family. They have 4 sons and 5 grandchildren and frequently take reverse mortgage vacations around the world.

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How to Harness the Power of Advanced Tax Planning with Mark Miller (Ep. 13)

How to Harness the Power of Advanced Tax Planning with Mark Miller (Ep. 13)

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Do you think tax planning is just about preparing for the upcoming tax season?

Think again. The most effective tax strategies require year-round planning and can even start years in advance!

In this episode of Proactive Tax Strategies, Ken New explores advanced tax planning and financial optimization strategies with Mark Miller, business consultant to the Hilton Family Office and CEO of Hilton Tax and Wealth Advisors. Uncover strategies to mitigate tax liabilities, hear tips to help maximize your financial outcomes, and hear real life examples of their implementation. 

Ken and Mark discuss: 

  • The focus of Mark’s books and how they can help business owners save on taxes
  • The collaboration between different advisors, such as CPAs, tax mitigation specialists, and financial advisors for effective tax planning
  • The benefits of incorporating formal and comprehensive tax plans into long-term financial goals
  • Real-life success stories that illustrate the impact of meticulous financial planning
  • And more

 

Resources:

Connect with Ken New:

 

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991. Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

 

Connect with Mark Miller:

About Our Guest: 

Mark Miller has spent over 30 years in the tax and financial services industry helping his clients grow and protect their wealth. He has worked with hundreds of Business Owners, Physicians, Executives and High-Net-Worth clients cutting their taxes significantly. He helps them grow and protect their business and retirement assets in good times and bad. Plus, preserve long-lasting family legacies.

Mark is also a best-selling author, having written several books on personal finance. His latest book, The Tax-Free Business Owner teaches business owners how to zero out their taxes, just like many Fortune 500 firms.

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How to Elevate Your Charitable Contributions With Aleksander Dyo (Ep. 12)

How to Elevate Your Charitable Contributions With Aleksander Dyo (Ep. 12)

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While many are aware that charitable donations can help reduce your tax bill, strategies for amplifying this technique are not so commonly talked about.  

Join host Ken New as he speaks with Aleksander Dyo, Managing Director of Wealth Excel who focuses on advanced retirement plans and specifically financial charitable giving strategies. Together, they cover the world of charitable gift financing, revealing how high-earning individuals and business owners can amplify their donations, maximize tax savings, and accelerate wealth growth without compromising their financial security. Follow along to learn innovative strategies that Aleksander has used to help clients save over $60 million in taxes and how you can apply these techniques to achieve your philanthropic and financial goals.

Ken and Aleksander discuss: 

  • The core principles and benefits of charitable gift financing
  • How high-net-worth individuals can leverage this strategy for tax savings and amplified giving
  • The role of specialized third-party lending and life insurance in securing and repaying charitable donations
  • Fulfilling philanthropic desires and carrying on a lasting legacy of giving without compromising financial security
  • And more

 

Resources:

Connect with Ken New:

Connect with Aleksander Dyo:

 

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

 

About Our Guest: 

Aleksander is renowned for his proficiency in sophisticated Qualified Plan models and Financed Charitable Gifting methodologies. Boasting a clientele of 400+ business moguls and affluent earners, he has successfully facilitated tax savings of over $60MM.

With an illustrious journey as a serial entrepreneur, a steward at a private equity fund, and an angel investor across finance, tech, and real estate sectors, Aleksander effortlessly fuses his first-hand experience into pragmatic business management and wealth multiplication strategies.

His candid demeanor, unwavering commitment to results, and ability to think beyond the conventional set him apart, paving the way for pioneering wealth generation solutions.

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Settling for Standard Deductions Could Be Costing You With Roger Roundy (Ep. 11)

Settling for Standard Deductions Could Be Costing You With Roger Roundy (Ep. 11)

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Looking to keep more of your hard-earned money in your pocket but don’t know what more you can do?

Explore some tax strategies you may not have heard of before this week on Proactive Tax Strategies

Join Ken New as he speaks with Roger Roundy, the CEO of Strategic Associates, LLC about finding money that’s slipping through the cracks due to over-taxation. Roger brings his extensive knowledge to the table, discussing innovative strategies that many CPAs might not be fully aware of. This conversation isn’t just about saving money through taxes; it’s about optimizing your financial future so that your legacy will be carried on. Stay tuned and you will learn the importance of timely tax planning, the power of understanding the tax code, and the impact of specialized strategies that could transform your approach to handling taxes.

Ken and Roger discuss: 

  • Above and below-the-line deductions: How they impact your financial planning and tax savings
  • Tax strategies for business owners: Section 831(b) captive insurance plans, solar tax credits and more
  • The importance of timing in tax planning: Why the last quarter of the year is crucial for making strategic decisions
  • Leveraged Charitable Gifting: Increasing the value of your donations and maximizing tax benefits
  • And more

 

Resources:

Connect with Ken New:

 

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

 

About Our Guest: 

Roger Roundy is the CEO of Strategic Associates, LLC and the Owner of The Alivint Group, LLC. His expertise lies in consulting with business owners, high-earning W-2 employees, beneficiaries of large liquidity events, and any taxpayers potentially overpaying in taxes. He firmly believes that citizens should fulfill their tax obligations to the fullest extent required by law, but not a cent more. Roger has dedicated countless hours to studying and educating taxpayers, tax preparers, advisors, and consultants on diverse tax incentives within the tax code. Whether the tax liability stems from business income, personal income (W-2), or a liquidity event (capital gains), Roger knows numerous solutions and incentives are available to assist taxpayers in retaining and utilizing more of their hard-earned money and works with clients to obtain those benefits.

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How Cost Segregation Can Maximize Cash Flow for Property Owners with Joel Grushkin (Ep. 10)

How Cost Segregation Can Maximize Cash Flow for Property Owners with Joel Grushkin (Ep. 10)

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Are you a small business owner, or building owner looking to mitigate taxes and boost cash flow?

Ken New and Joel Grushkin dive into the intricacies of cost segregation—a powerful tax planning tool for commercial real estate depreciation. Joel, with 40 years of executive experience and Regional Director of Cost Segregation Initiatives, shares his wealth of knowledge on optimizing tax savings for property developers, owners, and investors. Whether you’re acquiring new property or have been utilizing straight-line depreciation, this episode is rich in strategic insights catering to business and property owners, aiming for effective tax mitigation.

Ken and Joel discuss: 

  • The basics of cost segregation and its impact on commercial real estate depreciation
  • The benefits of accelerated depreciation for business owners, including immediate cash flow improvement
  • The partnership between Joel’s firm and CPAs and how cost segregation studies can significantly reduce tax liabilities
  • Tips on navigating potential IRS audits and the long-term advantages of cost segregation, even upon selling the property
  • And more

 

Resources:

Connect with Ken New:

Connect with Joel Grushkin:

 

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

About our Guest: 

Joel Grushkin is the Regional Director of Cost Segregation Initiatives. With 40 years of executive experience, his background includes eleven years with Arthur Young & Company (now Ernst & Young) as a Principal and director of the firm’s Management Services Practice. He was also a member of AY’s National Real Estate Industry Specialty Practice Group. His cost segregation experience has encompassed studies for developers and owners of commercial real estate, including but not limited to office buildings, shopping centers, manufacturing and distribution centers, specialty medical facilities, automotive dealerships, hotels, restaurants, financial institutions, multi-family residential and senior living.

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Exploring Cost Remediation with Jeff Stolper (Ep. 9)

Exploring Cost Remediation with Jeff Stolper (Ep. 9)

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Are you a business owner looking to significantly lower your bills without downgrading your services or switching providers? 

Well, you have come to the right place!

In this installment of Proactive Tax Strategies, host Ken New dives deep into the world of cost remediation with Jeff Stolper, owner of iDeal Advocates Consulting Agency. Jeff shares insights into negotiating bill costs and maximizing savings for businesses. Discover how you could benefit from cost remediation services and the impact it could have on your bottom line.

Ken and Jeff discuss: 

  • The concept of cost remediation and how it can benefit businesses financially
  • The process of bill negotiation and optimizing expenses without changing service level or provider
  • Real-life examples of substantial savings achieved through cost remediation
  • The tax implications associated with using a cost remediation service for business profitability and financial health
  • And more

 

Resources:

Connect with Ken New:

Connect With Jeff Stolper: 

 

About Our Guest: 

Jeff Stolper is the owner of iDeal Advocates Consulting Agency, specializing as a cost remediation expert. With a rich background spanning 30 years, Jeff began his career on Wall Street in 1993, quickly rising to become the top producer stockbroker at his firm by 1995. His expertise led to him being recruited to run a Wall Street firm by 1996 and co-owning an NYSE franchise brokerage firm by 1997. Transitioning his skills, Jeff founded NBP Neighborhood Business Partnership, an innovative advertising firm, which amassed over 700 business owners in NYC within its first three years alone. In 2005, he ventured into health and wellness, achieving the status of the 68th Millionaire Legacy member in Isagenix with a global organization of over 30,000 members. Notably, Jeff is well regarded as being the best bill negotiator in the world and his company iDeal Advocates, as being the premier bill negotiating company in the industry.

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Unraveling the IRA Bailout Plan with Darren Sugiyama (Ep. 8)

Unraveling the IRA Bailout Plan with Darren Sugiyama (Ep. 8)

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Are you looking for a strategy that could help you secure your legacy and set future generations up for success?

The IRA bailout plan might be right for you!

In the latest installment of Proactive Tax Strategies, Ken New speaks with Darren Sugiyama, who explains the intricacies of the IRA bailout plan. Darren sheds light on its benefits and how it can be a game-changer for high-net-worth individuals looking to optimize their financial legacy.

Ken and Darren discuss: 

  • The concept of the IRA bailout plan and who can benefit from this strategy
  • The difference between traditional IRAs and Roth IRAs
  • Profit-sharing plans and integrating a life insurance component to mitigate estate taxes 
  • Real-case scenarios that illustrate how the IRA bailout plan works
  • And more

 

Resources:

Connect with Ken New:

    • (321) 454-3623

Connect with Darren Sugiyama:

 

About our Guest: 

Darren Sugiyama is the founder & CEO of Lionsmark Capital. Prior to Lionsmark, Darren founded DaVinci Financial & Insurance Associates, a multi-office life insurance firm responsible for over 25% of Pacific Life’s policy count in Orange County, California in 2017, and 39% of Penn Mutual’s life insurance policy sales in the county in 2019.

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The Power of Premium Financing With Darren Sugiyama (Ep. 7)

The Power of Premium Financing With Darren Sugiyama (Ep. 7)

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Many affluent professionals and business owners need to catch up to the traditional wealth threshold for certain strategic tools. 

One such tool, premium-financed life insurance, remains underutilized and often misunderstood.

In this episode, Ken New speaks with the Founder of Lionsmark Capital Darren Sugiyama. Together, they delve into the intricacies of premium-financed life insurance and its role in retirement and estate planning. By drawing parallels with familiar concepts like mortgages, Darren breaks down how high-income earners can leverage life insurance to their advantage, even if they don’t meet the conventional wealth benchmarks. The discussion provides clarity on the benefits of the death benefit, the tax efficiencies to be gained, and the strategic incorporation of life insurance into one’s retirement plan so you can optimize your financial strategies using premium financing.

Darren Sugiyama discusses: 

  • Premium financing and its role in tax strategies
  • The significance of the death benefit in financial planning
  • Traditional IRAs, Roth IRAs, and cash-value life insurance policies
  • Working with CPAs
  • And more

 

Resources:

Connect with Ken New:

    • (321) 454-3623

Connect with Darren Sugiyama:

 

About our Guest: 

Darren Sugiyama is the founder of several businesses starting with his employee benefits firm, Apex, which he started in 2003. 

In 2010, Darren and his wife Emilia launched Pacific Bay Insurance Group, garnering the Colonial Life Agency Of The Year Award in their second year. Expanding his business portfolio, he founded DaVinci, which played a substantial role in selling life insurance policies in Orange County.

In 2016, Darren established Lionsmark Capital, emerging as a prominent premium financing intermediary firm in the life insurance industry. Lionsmark offers distinctive lending options and proprietary 8-figure life insurance solutions to affluent clients across the nation.

Recognized as an 11-time internationally acclaimed author, motivational speaker, business coach, and mentor, Darren shares his unconventional business-building methods through live and virtual events and private coaching sessions.

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The Most Valuable Tax Credit Strategies for Business Owners with Ryan Foncannon (Ep. 6)

The Most Valuable Tax Credit Strategies for Business Owners with Ryan Foncannon (Ep. 6)

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Navigating the complex world of tax credits can be daunting, but it is crucial if you want to take full advantage of the opportunities available to you.

In this insightful episode, Ken New and guest Ryan Foncannon, Managing Partner @ S.W.A.N. VFO, explore the lucrative realm of tax credits with a special focus on the solar business purchase strategy. By taking advantage of green energy initiatives, such as installing solar panels on commercial properties, listeners can tap into the Investment Tax Credit (ITC) program for impressive tax credits, enhanced cash flow, and valuable depreciation deductions. 

Together, they shed light on historical tax credits, the benefits they hold for real estate owners and how staying educated is the key to capitalizing on these sophisticated tax strategies.

Ken and Ryan discuss: 

  • Tax credits for business owners and high-earning W-2 employees
  • The impact of the Investment Tax Credit (ITC) program
  • Green energy initiatives
  • And more

 

Resources:

Connect with Ken New:

    • (321) 454-3623

Connect with Ryan Foncannon: 

 

About Our Guest: 

Ryan Foncannon is a Managing Partner at S.W.A.N. Virtual Family Office (VFO), a multi-disciplinary firm that provides a family office experience for affluent clients and business owners. With over 14 years of experience in the financial services industry, he has earned the Series 65 and the National Social Security Advisor credentials, as well as the Certified Long-term Care designation. He is also an Advanced Tax Reduction Strategist at Estate Planning Team, where he helps clients implement the Deferred Sales Trust™, a tax-deferral strategy for highly appreciated assets.

Ryan’s mission is to help business owners and high-income earners build wealth by repositioning what they pay to the IRS into income-producing assets, with huge upfront tax benefits. I also help them reduce their non-labor costs, insurance costs, and labor costs, and leverage 21st-century robotic automation to grow their businesses. Additionally, he offers them a Roth alternative with no income limits, and a 2:1 to 6:1+ leveraging for each dollar going into the program. This allows them to create tax-free income for retirement, as well as advanced charity and estate planning. He is passionate about delivering a wide range of state-of-the-art expertise, by structuring cohesive teams of specialists for each client and driving down costs for both him and his clients.

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Navigating Private Securities with Alan Hardee (Ep.5)

Navigating Private Securities with Alan Hardee (Ep.5)

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Have you considered adding private securities to your investment plan? How can private markets offer a mix of income and growth, higher yields, and potentially reduced market risk in your investments?

Ken New, joined by guest Alan Hardee, discusses the role of private securities in diversifying investment portfolios. Together they focus on the potential benefits of private markets, which include a mix of income and growth, potentially higher yields, and lower correlation to public markets, thus potentially reducing risk. They outline the due diligence process for selecting private investments, focusing on established companies with solid track records.

Ken and Alan discuss: 

  • The advantages of private securities over traditional publicly traded stocks and bonds
  • What risks are associated with private investments
  • How due diligence is conducted for selecting private securities for investment portfolios
  • What potential benefits do private securities offer, including aspects of growth, income, and tax advantages
  • And more

 

Connect with Ken New:

Connect with Alan Hardee:

About our Guest: 

Alan Hardee began his career in 1987 and has been helping others with investment and financial planning for over three decades. As the only wealth manager or investment professional in the state of Tennessee to simultaneous hold a law license, the Certified Financial Planner (CFP®) designation, and the Chartered Life Underwriter (CLU®) designation, Alan has distinguished himself from the large crowd of stock brokers, wealth managers, and other investment professionals whose scope of expertise and experience is relatively limited. Although practicing law is not his profession, his legal background serves him well in evaluating private equity investment opportunities for his clients.

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