Retirement
For those fortunate enough to have a pension, this benefit allows your payout to increase over time to keep your benefit in alignment with current expenses.
What is Cost of Living Adjustment.
This group aids us in evaluating potential investment in professionally managed real estate.
Who is RCX Capital.
This document is what some of us lovingly refer to as the "pull the plug" document.
What is a living will.
What is the term where the insurance company pursues a third party that caused an insurance loss to the insured.
Subrogation
A deduction allowed for business owners of up to 20% of their eligible income
What is the QBI Deduction
This test shows the results of a 2008 type market crash taking place today, and the impact on a client's retirement success
What is the bear market test
Net operating income, divided by, market Value
What is the cap-rate real estate formula
A 2-5% estimated expense upon the death of the second spouse
What is the second death probate expense estimate
When we are discussing disability insurance, we advise clients that this definition of disability is the most favorable to them and offers the greatest level of protection.
What is own occupation.
This bi-weekly newsletter provides tax planning tips, suggestions, and court cases for tax scenarios that may be relevant for those we work with to consider as they conduct their business.
What is Kiplinger.
As we prepare families for retirement, we want to ensure not only investment diversification, but also ____ diversification to create the ultimate flexibility when taking distributions.
What is tax-diversification.
Name 3 of the top 5 holdings in the S&P500
Apple (AAPL): 7.05%
Microsoft (MSFT): 6.54%
Amazon (AMZN): 3.24%
NVIDIA (NVDA): 2.79%
Alphabet Class A (GOOGL): 2.13% (Google)
Which federal form is used to file an estate tax return in the United States?
Form 706.
When discussing Property and Casualty insurance, we are referencing these types of insurances.
What are auto, home, and umbrella insurance.
Which tax form is used by corporations to report their income and expenses to the IRS?
Form 1120.
A business owner (100% ownership) age 73 with active enrollment in their 401k. Do they have to take Require Minimum Distributions?
Yes, anyone with 5% or greater ownership must take RMDs from 401k)
Aside from the actual investments, this information is used to discuss the consequences of liquidating or transferring this account.
What is cost basis.
If someone has children that are not the age of majority, they most likely have a _________ in place outlining when their children can receive portions of their estate.
What is a revocable (living) trust.
The only insurance company left to offer a true own-occupation definition of disability
Who is Guardian Berkshire Life insurance Company
This account is one of the only triple tax advantaged accounts presently available to individuals. Provide the name of the account and the tax benefits it offers.
What is Health Savings Account (HSA). And what are tax-deductible contributions, tax-deferred earnings, and tax-free withdrawals for qualifying medical expenses.
This document shows an earning history for those who have worked in the private sector during their working career.
What is a Social Security statement.
This presentation outlines the company's views on investments and helps educate the client on how to successfully invest for your long-term goals.
What is the Investment Process Presentation
$18,000
What is 2024 the annual gift tax exclusion
What federal program in the United States provides flood insurance to homeowners, renters, and businesses?
The National Flood Insurance Program (NFIP).
Someone is wanting to gift $5,000 to a charity. This plus what other expenses are included as your typical itemized deductions.
What are medical expenses, State and Local Taxes, and Interest Paid.