Category: Financial News

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


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, or by calling 661-418-7287.

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

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
CNN iReport

Or by calling 323-793-3574


Joe Madden San Diego Insurance & Financial Specialist – IULs No Risk of Loss

Joe Madden San Diego Insurance & Financial Specialist, had a long career as a football coach in college and in the NFL. As most dynamic individuals, Coach Madden could not just sit and do nothing in retirement.  Mr. Madden has transformed into Financial Coach and a big booster of Index Universal Life.  The following is a reprint of the article that appeared in The Small Business Trendsetter on line magazine.  See that article here,

Imagine a world where you could set money aside for retirement and not worry about losing any of it.

One of the best kept secrets in retirement planning today does just that. It’s called an IUL, Index Universal Life. The IUL is based on the stock market index of your choice, Standard & Poors or the Dow as examples. The IUL is based on whole life insurance, but instead of the cash values accruing at a given rate, those cash values are tied to the index you choose. If the value of the index goes up, you get paid. If the index goes below your purchase price, you do not lose.

As an example, your IUL let’s say the Cap is set at 15% and the Floor at zero. If the index gains 20% the insurance owner will profit 15% growth in the cash value. In the following year, the index games 8%, the gain will be 8%. The next year, if the index goes negative the insurance owner will not lose a dime. There is a floor of zero so there will not be a market loss.

Because the investment tool is Life Insurance, the gain is not taxable and the gain is compounded year after year. And, as Albert Einstein said, “compound interest is the eighth wonder of the world”.

The problem for the person planning for their retirement stems from misunderstandings of how Life Insurance works. Most people only consider life insurance as a death benefit to their heirs. They do not realize the many living benefits of a life insurance policy, compound interest being only one of many. Your tax attorney or your CPA can explain the tax advantages of Life Insurance.

Starting in the early 60’s people have been told “Buy term insurance and invest the rest.” Arthur L. Williams, professor of Insurance and Real Estate at Penn State University complete(d) a study regarding the fate of term insurance policies. Two of the facts discovered in this study are; less than 1 policy in 10 survives the period for which it was written and only 1% of all term insurance resulted in death claims. Professor Williams says, “the odds are 100 to 1 against term insurance ever paying a death claim.”

Another major problem with term insurance is the fact that term life insurance periodically your policy must be renewed which requires a physical you may not qualify due to a recent development in your health such as high blood pressure, high cholesterol etc. You may have already reached a point in your life where you can no longer afford the premium because your age prohibits you from purchasing life insurance.

Another major misunderstanding is Life Insurance provided by an employer. It is almost always term insurance and has no value in planning for retirement. Ed Slott, nationally recognized expert on retirement funding says,“People don’t think to save outside of work (for retirement)”

Read more from Ed Slott here:

Read more about Arthur L. Williams, professor of Insurance and Real Estate at Penn State University and the study on Term Life Insurance and the study about Term Life Insurance here:

Joe Madden, San Diego Insurance & Financial Specialist, is a retired College and NFL Coach (with the San Diego Chargers 1989, on special teams) who now specializes in IULs. Mr. Madden can be contacted at his office, 312 Highland Ave., Ste. 200 in El Cajon, CA 92020 or by telephone, 619-230-8850