Dreos Financial Services

BLOG 32811

THANKS FOR THE HELP

Over the last six months or so some of my blogs concerning what is going on in Washington and the Obama Administration I’ve had great assistance on the research of most of the information.  I would highly recommend to anyone to subscribe to the “Independent Living” and the work of Lee Bellinger, Publisher.  I’ve subscribed to their publications including their newsletters for some time. 

If there ever was a reason to get your money out of the tax system the next series of articles will make that abundantly clear.  No one gets audited for having an over funded Life Insurance Policy designed for retirement whereby the money accumulates and is distributed tax free. 

My most recent blogs talking about this administration pushing the IRS to find more money that they can waste on our behalf is true and yet very scary.  There will be a series of blog over the next couple of weeks that I would suggest you pay particular attention to and thanks to the “Independent Living” for their resource materials, I’m more than happy to share it with you.

BLOG 3/14/11

EXIT STRATEGIES ON A TAX FAVORABLE BASIS

One of the benefits of a Private Pension Plan in addition to tax-free retirement income is helping you use it as part of an exit strategy.  When your business is sold if it’s to a family member or a third party getting the asset value of your business on a tax favorable basis could be tricky.  If it’s a straight up and down sale, as you know those assets over and above your basis in your business is subject to capital gains.  Capital Gains Tax now and certainly into the foreseeable future is going to be very high, you may be disappointed at what you receive.

Food for thought, lowering the sales price and the possibility of reducing it and taking some capital as a deferred loan or depending on the circumstances of the business, you could receive a consulting fee paid to your Private Pension Plan and provide some of the death benefit back to the buyer as a guarantee that you will complete your consulting agreement.  An in force Private Pension Plan can get an unexpected boost with sizeable dollars from the sale of your business as part of an ongoing exit strategy.  It sounds complicated but honestly it’s quite simple if you are prepared as retirement nears.  Assets from the sale of your business into your Private Pension Plan is an excellent tax strategy used by many yet others discover too late the advantages mentioned above.  I can’t think of a better way to preserve safety of capital than early preparation in making the right decision.

TAKE RESPONSIBILITY NOW!

Over the last several weeks there has been a series of articles which I outlined in very graphic terms what this President is planning in conjunction with the IRS to intimidate us to help secure additional funds for the President and his spending sprees going forward.  

In Blogs several months ago we talked about how they wanted to acquire Qualified Plans by having those 401K’s and other Qualified Plans being invested into government programs in order to keep your tax deduction on your retirement plans.  Again, take responsibility and act now.

For those of you who are not familiar with a Private Pension Plan, the tax advantages and the ability to keep money out of the tax system forever now is the time to take a good look at this program and see if it works for you.  The only answer to the insanity that is going on in Washington right now for you is to make a personal commitment, and consider a plan putting as much money that is feasible into a program that will escape any taxes against those funds forever. 

Some of you have reviewed my website, others may have scanned it, please go to the contact information on my website and either email me or give me a call either for yourself or someone who you feel may fit the profile.  Getting educated and securing information on Private Pension Plans is a positive first step to financial security that no one can intrude upon, tax or take away any of your assets. 

Make a smart choice today and I look forward to hearing from you soon.