Tag: Tax Savings
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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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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Capturing Tax Deductions on Money You Are Already Spending (Ep. 3)

Capturing Tax Deductions on Money You Are Already Spending (Ep. 3)

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Tax planning for future income can be a great start to tax savings. But what if you could start tax planning today and save on money you are already spending?

Listen in as Ken New speaks with Ryan Foncannon, MBA, managing partner at S.W.A.N. They explore advanced tax deduction strategies focused on the money you are already spending and how to turn that spending into tax savings. They emphasize collaboration between tax professionals and financial advisors, education for clients, and the potential for significant tax savings

Ken and Ryan discuss: 

  • How can one capture tax deductions on money that is already being spent
  • When can food and travel expenses be utilized for business purposes
  • How do tax deductions differ from tax credits
  • What are some examples of tax credits available for businesses and individuals
  • Have you heard of the Augusta rule? Or the three martini rule? 
  • And more

 

Connect with Ryan K. Foncannon:

Connect with Ken New:

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, Ryan 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.

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Unlock the Power of Tax Planning with Ken New (Ep. 6)

Unlock the Power of Tax Planning with Ken New (Ep. 6)

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Unleash the Power of Tax Planning: Ken New Takes on the Biggest Challenge for Retirees! 

Ken New is on a mission to help retirees protect their hard-earned savings from the jaws of taxes. Join him as he explores the world of tax planning and demystifies the often confusing terms associated with it. Ken will also showcase real-life examples of how the strategic use of different retirement accounts can shield your retirement income from required minimum distributions. Discover how these tax-saving strategies differ from conventional methods of growing your assets.

In this episode: 

  • Unlock the secrets of tax planning: Master the most common terms with ease!
  • Give to charity, keep more for yourself: Discover how charitable giving can save you big on taxes!
  • The Roth conversion loophole: Learn how to shield your IRA assets and secure your retirement!
  • Fight inflation with confidence: Find out how to ensure you have enough retirement income for daily living!
  • And so much more: Get the inside scoop on all the tax planning tricks you need to know!

Connect with Ken New:

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