An article by Pamela Yellen originally published on Thinkadvisor, November 9, 2015. Of all of the more than 450 financial products she's investigated, her very favorite is dividend-paying whole life insurance. That's because it enjoys an unmatched combination of advantages, which include safety, guarantees, liquidity, control and tax advantages.
“Life sucks!”
I was shocked to hear my friend blurt this out over dinner. From the outside, his life seemed picture-perfect, as good as it gets for this middle-aged man – or anyone at any age. To our friends who are tax and estate planning professionals:
By now, you’ve read/heard of the horrific news that the IRS destroyed an estimated 30 million paper-filed information returns in March 2021 due to the backlog. Here is a set of a few other articles that I hope you find interesting and helpful to your practice. Business owners want to hire, motivate and retain good people. Even if they succeed in finding a "perfect" hire, they are not always successful in motivating them, much less keeping them around. We asked our trusted friend, Ken Jacobs, a seasoned executive and a business consultant, to share his wisdom on how to boost employee morale. Ken has held senior management positions at both public companies and private companies. His last position was President of ACE USA, a Private Equity-owned company. He co-authored a book, Managing is Everybody’s Business, and now helps business owners increase enterprise values through his consulting company, Work/Life Tools, LLC.
When small business owners want to step away from their business and retire, many may worry about the tax burden they’ll face from all their potential gains. Our professional colleague, Steve Parrish, Co-Director of the American College Center for Retirement Income, graciously gave us permission to post his article in Forbes that describes a tool called a deferred sales trust that may help to spread out gains over time and lower their tax burden.
To our friends who are tax and estate planning professionals, I hope you're off to a great start in 2022. Well, speaking of 2022, tax season is upon us, so I thought I'd share a few (hopefully) relevant and timely tax-related articles.
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AuthorElliott Bay Insurance Archives
July 2023
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