250X250 SBT Brian Livesay San Diego

Brian Livesay the Retirement Guardian in San Diego | Alternative Minimum Tax Consequences

See My Who IsBrian Livesay the Retirement Guardian in San Diego says “Taxes require understanding of the tax code and planning to ensure the tax payer does not pay more than is required by law.”

The Alternative Minimum Tax, which if the tax payer is subject to will change their tax planning since what is allowed as a deduction for ATM purposes is different than regular tax. AMT is designed to ensure higher income earns pay income tax by disallowing certain itemized deductions. The tax payer can still manage their tax liabilities to some extent if they are aware of their income and deductions and take the appropriate actions to avoid the AMT tax or if the AMT is unavoidable over payments on phased out deductions

The Alternative Minimum Tax phases out deductions based on income thresholds limiting both personal exemptions and itemized deductions. For 2014 the AGI thresholds are $250,000(singles), $279,000 (head of households), $305,000 (married filing jointly), and $152,525 (married filing separately). The personal exemption phase out reduces personal exemptions by 2% for every $250,000 or portion of $250,000 that the tax payers income exceeds the threshold for their filling status. For individuals filling married filing separately the reduction is 2% for every $125,000 over the threshold. Itemized deductions are phased out by 3% of the amount the taxpayers AGI exceeds the income threshold not to exceed 80% of the allowable deduction. The phase out for itemize deductions actually adds back the 3% to the tax payers AGI.

The Alternative Minimum Tax requires the tax payer to focus on different itemized deductions to reduce their tax liabilities than if the tax payer was not subject to AMT. Deductions that are disallowed for AMT purposes include state and local taxes, property taxes, interest on home equity debt not used to improve your primary residence, investment interest, professional fees, and unreimbursed employee business expenses. Avoiding or delaying payment of these items to the next year if the tax payer is not subject to AMT in the following year will allow the tax payer the benefit of these deductions. The taxpayer can still benefit from the home mortgage interest deduction, medical expense deduction, investment interest, charitable contribution deduction, casualty or theft deduction, or wagering losses. Knowing which deductions are allowed for AMT purposes allows the tax payer to select the appropriate deductions to time payments to reduce their taxable income for the year.

The tax code is complicated and tax decisions should be made with a tax professional. A proactive approach to filling income tax is the best way to avoid surprises and reduce the tax payer’s tax liabilities. Waiting till filing season is too late. Timing of income or deduction payments need to be made before year end since income must be received and deductible items must be paid for in the same year as the tax filing. Remember knowledge is power and in the case of income tax can save the tax payer significantly.

For more information visit Brian Ray Livesay’s Who Is Page here in the Journal

Brian Ray Livesay The Retirement Guardian
You may contact him at his office
Livesay Capital Solutions Inc.
1761 Hotel Circle S. Ste 360
San Diego, CA 92108
Call at 866-726-0725 / 619-281-8377
Or visit his Web Site www.retireestaxgroup.com

Ryan-Lashlee

Ryan Lashlee San Diego Precious Metals Expert | Buying and Holding Silver as a Wealth-building Strategy

Ryan Lashlee San Diego Precious Metals Expert says “Accumulating wealth is an important concern for anyone responsible for his own support and existence as well as the support of another.”

Whether one is employed at a conventional 9 to 5 job or earns income as a self-employed worker, attention must still be paid to the question of sustainable support. This pertains to current living expenses as well as the costs of his long-term existence throughout his life.

One way of amassing wealth to provide a way of supporting an individual’s lifestyle is to invest in products which have the potential of maintaining value or increasing in value such that a subsequent sale would earn a profit on the goods or commodities.

“Investing in real silver, not just stock in silver, is the basis of a solid savings plan”, that according to Ryan Lashee San Diego Precious Metal Expert. His comment is based on an early 20th century position taken by then U.S. Supreme Court Justice Louis Brandeis, who was advocating his own position on building the strength of speculative paper economics such as stocks several years prior to the financial collapse of the economy of the United States during the Great Depression. Lashlee reminds his followers that today’s economic players and investors have not experienced an economic meltdown of the magnitude of the Depression and the many years of economic recovery (known to today’s generation merely as the “New Deal” of history book fame) which held the early 20th Century hostage to unimaginable hard times until the unfortunate start and ensuing wartime spending of WWII.

Being able to shore up investment power through developing economic stability based on owning .999% pure silver, if not adopted wholeheartedly as a standard by a majority of the frequent participants in the daily workings of the US economy will make an economic standard based on silver and the economic momentum based on silver difficult to sustain.  Much of the world economy and world markets use the performance of the U.S. dollar as a standard by which they evaluate their performance and compare that performance to the world economy as a whole. Currently, the U.S. dollar is set up on a gold standard. That gold is no longer represented by physical gold held at Fort Knox, as it was in the early days, but it would require an enormous effort to switch standards to an uncertain silver standard without planning cautiously for the change.

As precarious as the US economy appears, this is not the time to make an abrupt shift.

To learn more you can visit his web site on saving silver, http://kilver.com or by calling 661-418-7287.

Irene West

Irene West San Diego Wealth Building Advocate | Why Buying Gold Now Is Not a Peak Purchase But Has Room for Profit

Irene West San Diego Wealth Building Advocate says “Gold has been fluttering around the $1,100 and $1,200 for a couple of years now without much movement.”

It has repeatedly shown signs of weakening as an investment with notable dips in the last three years. For example, at the beginning of August gold’s spot price broke below $1,100, the lowest price point in a year. No surprise, lots of folks think that gold is at the end of a commodity run, and as soon as the Fed Reserve raises the prime rates gold will begin to drop significantly. Of course, this logic entirely ignores one basic fact: the general stock market is long overdue for a correction, which will drive demand for safe harbors like gold.

A number of reasons are in play why gold will likely be a good position to have in the next few months. If the Fed Reserve does indeed raise rates, it will be the final hit on a shaky bull run, because the cost of money will go up. The market has been enjoying available cash at little or no interest, so any cost increase bites right into a positive direction and creates a braking effect. Additionally, the loss in oil prices as well as in other “reliable” commodities means that many folks will trying to preserve their values versus losing the in companies impacted directly by oil price changes. The chase for value preservation will move more folks to good, creating more demand and driving price up further. More to consider, governments are just now recovering from the effects of the 2009 Recession, delayed for them in the loss of tax dollars. They will not be interested in giving up returning tax revenues just to make it easier for business to operate. That too will contribute to more costs for businesses, slowing their growth and share price growth.

Finally, and this is the big one, we are going into a Presidential election without a clear forerunner and no incumbent. That means the big power position is up for grabs and anyone could get it. Politically instability is just the thing to cause a national market to tank; we saw this happen vividly when the Bush-Gore campaign occurred and then was prolonged by the vote count scandal in Florida. Again, people will run to gold or security, having been burned repeatedly by the market during times of ambiguity. Instead, gold is solid, predictable, physical and is not connected to the dollar or politics. It’s the ideal value preserver during potentially risky times ahead.

See more about and by Irene by visiting Small Business Trendsetters Magazine

http://smallbusinesstrendsetters.com/irene-west-san-diego-wealth-building-advocate-the-importance-of-gold-in-your-financial-future/

On CNN  http://ireport.cnn.com/docs/DOC-1270591

Or by visiting her web site http://www.irenewestwealthbuilding.com/

Or by phone 877-879-4542

250X250 SBT Brian Livesay San Diego

Brian Livesay The San Diego Retirement Guardian | Year End Tax Planning

See My Who IsBrian Livesay The San Diego Retirement Guardian says “Knowing were the tax payer stands as the year comes to an end ensures the least amount of required taxes are paid by the tax payer. Yearend planning is essential. The tax code is complicated and advice should come from a qualified tax advisor.”

Tax planning is essential to get the most benefit from the tax code. Knowing what to look for as the year draws to an end will benefit the tax payer a great deal when it comes time to file a tax return. Using the tax code to avoid paying too much in taxes is legal and should be done by every tax payer. There are a number of areas were a tax payer has some control over the timing of payments or income that will benefit the tax payer when the yearend return is filed.

First knowing how much income for the year and allowable deductions the tax payer has gives the tax payer an idea of which tax bracket they will fall into and how close they are to the next tax bracket. Avoiding going into the next tax bracket by not taking any controllably timed income at year end will limit the tax payer’s tax burden for the year.

Deductions can also help control which tax bracket the tax payer will fall into for the tax year. If the tax payer’s Itemized Deductions are greater than the Stand Deduction the tax payer has some flexibility in the timing of payments that will reduce their taxable income for the year. Prepaying property taxes allows the tax payer to take a bigger deduction in the year the payments were made thus reducing taxable income by the amount of prepayment if the tax payer was already able to Itemize for the year. Making more charitable donations also by year end is another way to reduce taxable income. If the tax payer has medical expenses that exceed 10% of their Adjusted Gross Income the tax payer may what to schedule needed medical or dental procedures before year end to ensure the expenses can be deducted on the current year’s tax return.

Another area were timing can be used to benefit the tax payer is investment income. If a tax payer has recognized losses in a given year the taxpayer may want to sell any stocks that have appreciated in value since the lose will offset the gain. The tax payers Adjusted Gross Income will not be affected by these gains allowing the tax payer to avoid paying any tax on the recognized gains.

For more information visit Brian Ray Livesay’s Who Is Page here in the Journal

Brian Ray Livesay The Retirement Guardian
You may contact him at his office
Livesay Capital Solutions Inc.
1761 Hotel Circle S. Ste 360
San Diego, CA 92108
Call at 866-726-0725 / 619-281-8377
Or visit his Web Site www.retireestaxgroup.com

250X250 SBT Brian Livesay San Diego

Brian Livesay San Diego Retirement Guardian |Tax Advantaged Health Savings Accounts

See My Who IsBrian Livesay San Diego Retirement Guardian says “Health Savings Accounts are a unique investment vehicle that if used correctly can add tax free funds to an individual’s finances.”

A Health Savings Account or HSA is a tax advantaged medical savings account. To be eligible for an HSA an individual or family must be enrolled in a High Deductible Health Plan (HDHP). A HDHP has a higher deductible than a traditional health plan and can be considered a catastrophic health plan. These plans are best for younger and healthy individuals with little annual medical requirements. The annual premiums are lower than a traditional health plan which allows an individual to fund the Health Savings Account.

Contributions to an HSA account can only be made while covered under a High Deductible Health Plan.

Once an individual is no longer covered the HAS account remains open and the funds in the account continue to grow tax free until the time of withdrawal. A HSA is very similar to an Individual Retirement Account (IRA) since the accounts are funded with pretax money and grow potentially tax free if the money is used on qualified medical expenses. If the money withdrawn from the account is not used for qualified medical expenses there is a 20% penalty on the withdrawal if taken before age 59 ½. Non-qualified medical expense withdrawals taken after 59 ½ like a Traditional IRA are taxed as ordinary income in the year of the withdrawal.

A unique feature of an HSA account is the ability to make withdrawals and use medical expenses from previous years while covered under the HDHP as qualifying medical expenses to avoid the 20% penalty for non-qualified medical expense withdrawals. As long as the individual has the receipts from the qualifying medical expense the expenses can be used in any year to make an allowable withdrawal from the HSA account. This allows an individual to pay for smaller medical cost in one year and let their money grow tax free inside the HSA then withdrawal money later after it has grown in value tax free using the past paid medical expenses as qualifying medical expenses at the time of withdrawal.

The IRS also allows a onetime transfer from an IRA account to fund a HSA account up to the annual maximum contribution limit for the year. Employers can also contribute to an individual’s HSA account and the money becomes immediately the account owners with no vesting.

A healthy individual with minimum medical needs can potentially grow substantial funds inside the HSA account and later use the funds like a Traditional IRA or as tax free funds using qualified medical expenses at the time of withdrawal.

For more information visit Brian Livesay’s Who Is Page here in the Journal

Or see the article in Small Business Trendsetters

Or the article in CNN iReport ” Statement of Cash Flows: Cash is King”

Brian Livesay The Retirement Guardian
You may contact him at his office
Livesay Capital Solutions Inc.
1761 Hotel Circle S. Ste 360
San Diego, CA 92108
Call at 866-726-0725 / 619-281-8377
Or visit his Web Site www.retireestaxgroup.com

250X250 SBT Brian Livesay San Diego

Brian Livesay San Diego Retirement Guardian | Actual vs. Average Returns Impact On Your Investments

Brian Livesay San Diego Retirement Guardian said “An investor should monitor investments periodically to see what their actual returns are vs. the average return the investment products prospectus had illustrated.”

Actual returns are the real returns an investor receives from an investment. The investor’s account value actually increases or decreases by an amount giving the investor the actual return in the investment. An investment of $20,000 with an actual return of 25% over a two year period would have a gain of $5,000 with an account value of $25,000 at the end of the second year.

An average return is based on multiple returns averaged together. Average returns can make an investment seem much better than it actually is compared to the actual returns in the investment. An average return of 25% can be a loss of 50% and a return of 100%. In this example the investor invests $20,000 dollars losses 50% the first year leaving the investor with $10,000. In the second year the investment returns 100% giving the investor a $10,000 gain for the year. At the end of the second year the investors account value is back to the original investment of $20,000. The actual return over the two year period is zero but the average return is 25%. Using the average return the investor would think the investment’s account value would be greater than the original investment at the end of the second year. In reality the investor has exactly the same account value as when the investment began.

Most investments are sold based on the average return of the investment over a period of time. An investor should take the average return of an investment with a grain of salt. The actual rate of return will be significantly different than the average rate of return as the above examples illustrate.

For more information visit Brian Livesay’s Who Is Page here in the Journal

Or see the article in Small Business Trendsetters

Or the article in CNN iReport  “Wills, Trusts, and Probate | Differences You Need To Know”

Brian Livesay The Retirement Guardian
You may contact him at his office
Livesay Capital Solutions Inc.
1761 Hotel Circle S. Ste 360
San Diego, CA 92108
Call at 866-726-0725 / 619-281-8377
Or visit his Web Site www.retireestaxgroup.com

250X250 SBT Brian Livesay San Diego

Brian Livesay The San Diego Retirement Guardian | The Retirement Mind Set

See My Who Is Brian Livesay The San Diego Retirement Guardian says “A few years before retirement there should be a shift in the future retirees’ mindset.”

Accumulation and looking for high rates of return should no longer be the focus, preservation of account balances and returns that outpace inflation become the priority.

During the accumulation phase constant contributions to retirement accounts allowed investors to benefit from dollar cost averaging. As the market fluctuated investments were purchased at various prices. In down markets investments were purchased cheaply and in up markets investment purchases were more expensive. The average purchase price is in between the ups and downs of the market and growth is possible do to the long term nature of investing for retirement.

Just before retirement the long term nature of the investments disappears and at least a portion of the retirement assets becomes short term invests that will be sold for income in the near future. Avoiding a market down turn at this point becomes critical since a reduction in your retirement account at this point may cause a delay in retiring altogether since there may not be enough funds in the account to retire comfortably or as initially planned. This did happen to many perspective retirees’ in the financial crisis of 2008. Also as selling investments for income becomes a requirement not an option a down market requires a retiree to sell their investments cheaply thus reducing their account values and making it difficult to recover account values since no new money is being contributed. The retirees future financial security is at the whim of the markets and their investment timeline is now short-term vs. long-term.

Preserving ones retirement nest egg is critical approaching retirement. Piece of mind and security are more important than higher rates of return. Investments that guarantee or seriously limit loss with the possibility of outpacing inflation become the ideal investment for any retiree. This allows the retiree to have a much clear picture of how long their nest egg will last and what type of retirement the retiree can afford.

For more information visit Brian Livesay’s Who Is Page here in the Journal

Or see the article in Small Business Trendsetters

Or the article in CNN iReport  “Retirement Accounts and Taxation – The Choice Is Pay Now or Pay Later”

Brian Livesay The Retirement Guardian
You may contact him at his office
Livesay Capital Solutions Inc.
1761 Hotel Circle S. Ste 360
San Diego, CA 92108
Call at 866-726-0725 / 619-281-8377
Or visit his Web Site www.retireestaxgroup.com

Brian Head Shot

Brian Davis San Diego Self-Directed 401 (K) Specialist | Advantages of Self Directed 401(K) Over Other Forms of Retirement Plans

Brian Davis San Diego Self-Directed 401 (k) Specialist says “The one-participant 401 (k) plan or Solo 401 (k) plan as it’s often called, is overlooked by so many self-employed individuals, and has so many benefits that I hope more and more people take the time to learn about it”

The self directed 401(k) plan (also referred to as Solo 401 k) is a retirement plan that is specifically designed for owner-only businesses as well as spouses. It gives them a chance to use their retirement funds to do any type of investment tax free on their own even without the consent of a custodian. It also allows them to make contributions (up to $53000 & $59000 for those under age 50 & above age 50 respectively). Additionally, they can also borrow (up to $50000) for any purpose.

Advantages of using self directed 401(k) plan over the other forms of retirement plans

1) Checkbook control

This is a great advantage of self directed 401 k plan. Unlike the other plans, you are not required to hire a trust company or a bank to serve as your trustee/custodian. You can open the account at any local credit union or bank and serve as a trustee yourself. This allows you to gain checkbook control over your funds. Your entire assets are under your authority therefore you can act quickly whenever you come across the right investment.

2) Tax free loan

With this plan, you can borrow up to $50000 (or 50% of the value of your account) for any purpose (e.g. mortgage payments, credit card bills, personal/business investments etc). The loan should be paid back over a period of 5 years and there is no prepayment penalty.

3) High contributions limit

The self directed 401(k) plan allows you to make a maximum contribution of up to $53000 (if you are under age 50) and $59000 (if you are above age 50). These amounts can either be made after tax or pretax.

4) Use leverage tax free

Unlike IRA, self directed 401k plan is exempt from Unrelated Dept Financed Income (UDFI). This means that Internal Revenue Code Section 514(c) (9) allows it to use nonrecourse leverage to make real acquisitions without penalty or tax.

5) Easy administration

The Solo 402 (k) is easy to operate and administer. You are not required to do annual filing unless the assets in your plan exceed $250,000 (if this is the case you will be required to file short information with the IRS).

“The 401 (k) plan is for the self-employed individual, and spouse if needed, whether they’re just a sole proprietor, have incorporated via an S-Corp or C-Corp, or an LLC.” Says Davis, “This allows such a large tax write off every year, there’s a way to have a Roth portion of the account and with the options of having checkbook control it’s an amazing plan. The beauty of our plan is also that ability to invest in non-publicly traded assets like real estate, notes, precious metals, and private companies. There’s so many benefits I can’t even list them all here.”

You can see more about and by Brian Davis on his Web Site http://accuplansandiego.com
On Small Business Trendsetters
http://smallbusinesstrendsetters.com/brian-davis-san-diego-self-directed-401k-specialist-there-are-more-investment-options-than-you-think/

and on CNN iReport  http://ireport.cnn.com/docs/DOC-1216001

Reuven Rubinson

Reuven I Rubinson San Diego CFO-CPA Financial Advisor | Taxation and Accounting Controversies Effect Business of All Sizes

See My Who IsReuven I Rubinson San Diego CFO-CPA Financial Advisor says “In taxation, the ongoing debate is over what items should have favorable treatment and whether or not we should go to a flat tax.
In accounting, the ongoing debate is over whether we should have one set of rules for all companies or whether small businesses should have a separate set of rules.”

There is also debate over whether the United States should adapt international generally accepted accounting principles, which are principle-based, versus our system, which is more rules-based. There is a convergence between the two, and the question is how much do we adapt and agree upon.

Whatever the outcome of these debates, one thing is clear, every business needs knowledgeable and reliable CFO-CPA Financial Advice.

Too often companies are unaware of many of the things that are going on in their business.

That being the case, almost any business will benefit when they have a discussion with an expert about their policies and procedures as well as their financial system. A major step in improving the company’s bottom line happens when you bring these critical issues into the light of day so they can be evaluated and handled.

As an example, Sarbanes-Oxley (an act passed by U.S. Congress in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations) was implemented as a response to the Enron and other financial disasters. In many ways, it was overkill and an overreaction. However, the act forced businesses to put their policies and procedures in writing and critically evaluate them.

Most companies realized, in doing this, that there were some duplications and improvements that were absolutely necessary in their business. By forcing companies to take them out of people’s heads and putting them into writing, Sarbanes-Oxley was an invaluable service to businesses.

See more about Reuven I Rubinson CFO-CPA Financial Advisor by visiting
See on CNN  http://ireport.cnn.com/docs/DOC-1164636
See on Small Business Trendsetters  http://smallbusinesstrendsetters.com/reuven-i-rubinson-san-diego-cfo-cpa-financial-advisor-financial-expertise-will-increase-bottom-line/
Or his office 10601 Tierrasanta Blvd., #177, San Diego, CA 92124
Or by calling 858-344-0864

Scott Steger

Scott Steger San Diego Financial Representative On How To Find The Right Financial Representative

Scott Steger San Diego Financial Representative says “A financial professional is someone who can help you achieve your financial goals. Whether you want to save for retirement, buy your dream house or establish a sustainable business, this individual can create an attainable financial plan tailor made for your goals and economic status.”

Finding the best financial professional is tricky because the success of your investment will depend on his expertise.  If you failed to seek out the right person, the time and money you invested will be a total waste. This is the reason why you have to search and examine all potential candidates carefully before making a decision to hire your financial professional.

Start by asking referrals from the people with whom you share the same financial needs or outlook in life. It is also helpful to find and contact financial planners online or directly from the official websites of the National Association of Personal Financial Advisors as well as the Financial Planning Association.

Always make it sure  that your financial representative is either a Registered Investment Advisor (RIA), a Certified Financial Planner (CFP), a Chartered Financial Consultant (ChFC) or a Certified Public Accountant (CPA). Having this credential does not mean that the individual is an expert but it can give you an assurance that he knows what to do with your money.

Furthermore, never forget to do a background check on your financial planner as well as his payment scheme. If he earns through commissions, you need to take this into account and make sure that your investments will be paid off sooner or later. Most importantly, hire someone who acts in accordance to your financial interests. You will be working with your financial professional for a long time so you should be comfortable in sharing ideas to him, particularly when it comes to your personal goals and future plans.

See more about Scott Steger San Diego Financial Representative
on Small Business Trendseters http://smallbusinesstrendsetters.com/scott-steger-san-diego-financial-representative-and-the-financial-paradigm-shift/
or
CNN iReport   http://ireport.cnn.com/docs/DOC-1154752

Or by calling 323-793-3574

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