Author: Michael Roney

How to Avoid the Pitfalls of Long Term Care Insurance

The Rising Cost of Long Term Care Insurance Recently, Long Term Care Insurance [LTCI] policy-holders are reporting that their premiums are becoming unpredictable. The most dramatic increases are affecting customers who have had these policies for the longest amount of time.  I don’t know that we can fully blame long term care insurance companies. They… Read more »

What to Know Before You Go

For immigrants who are planning on moving to the US, the IRS will welcome you with open arms. But for wealthy individuals, this embrace can be “very expensive”. They say that prior planning prevents poor performance; and protecting your assets from US taxes before a move to the US could save you and your children… Read more »

Untaxable: An Estate Asset and Retirement Program

Putting money in your pocket

Slow and steady wins the race, so they say. But what happens if just before the finish line, the hare picks up the tortoise, places him back at the halfway point, and races to an unheralded victory? Think of your retirement savings as the tortoise, and taxes as the hare. After you have accumulated your… Read more »

4 Steps to Maximize Tax Savings for Small Businesses

With Rachel pregnant and on bed-rest, Andy needed quick and healthy foods for his wife and yet-to-be-born daughter. It was the year 1987, and even in California, he simply couldn’t find anything organic and ready-to-serve on the market. With that, a  new business idea was born. Thank You, Small Business Owners According to the  Harvard Business Review,… Read more »

Why You’ll Never View Life Insurance the Same Way Again

Private Placement Life Insurance protects assets

With the 2017 tax reform, there were a few items that could have drastically changed estate planning strategies for the affluent individual. But, let’s keep a few things in mind: The bill passed with zero Democrat support. When Democrats get back the majority, they are likely to do whatever is in their power to dismantle… Read more »

Untangling the 2017 Tax Reform for Foreign Nationals

A wealthy foreign national (let’s say his name is Benson) with heirs in the United States could have a problem. The 2017 Tax Cuts and Jobs Act has created a land mine of penalties and taxes for those who are not careful when transferring assets to US-based individuals. Outlined below are a few solutions to help… Read more »

How to have that Awkward Conversation about Long Term Care

“Dad, Sandra and I have been thinking about how we can best take care of you when you get older. When can we set aside some time to talk about your plans and expectations?” Chances are, your parents have been thinking about this very issue, but didn’t know how to bring it up. When you finally… Read more »

This Dark Horse May Help you Lasso in Benefits from the Latest Tax Reform

Silhouette on a Saddle

Have you ever felt like you were sitting in a quagmire of new tax regulations, wondering if you will ever emerge from the fog of confusion? Not only that, but finding a way to benefit from the tax changes seems as elusive as the morning dew.  But just when you feel all hope is lost,… Read more »