Proactive Tax Strategies

Are Reverse Mortgages as Bad as They Seem? with Harlan Accola (Ep. 14)

Are reverse mortgages misunderstood financial traps, or can they be strategic tools for secure retirements? In this episode, Ken New speaks with Harlan Accola, National Reverse Mortgage Director at Movement Mortgage and a seasoned expert in reverse mortgages, about the often misunderstood world of reverse mortgages. They explore how these financial tools have evolved and how they can potentially benefit retirees by tapping into home equity without losing the house. Despite the stigma often associated with them, Ken and Harlan reveal the facts from personal and professional perspectives, offering insights into how reverse mortgages can fit into a comprehensive retirement strategy. Harlan discusses:  * (02:36) What reverse mortgages and their potential benefits are * (05:06) The shift in reverse mortgage regulations and how they provide tax-free income * (12:31) How reverse mortgages can aid cash flow and reduce tax burdens * (17:06) Using home equity as a proactive financial planning tool * (26:29) The importance of involving family in financial decisions * And more Consider reverse mortgages part of your financial toolkit, evaluating their fit with your overall plan. Tune in to learn how these loans might open new avenues in your retirement planning. Connect with Ken New: * Office Phone: (321) 454-3623 * Website: Pinnacle Financial Wealth Management [https://www.pinnaclefinancialwealthmgmt.com/] * Email: info@pinnaclefinancialwealthmgmt.com [info@pinnaclefinancialwealthmgmt.com] * LinkedIn: Ken New [https://www.linkedin.com/in/kennew/] * Facebook: Ken New [https://www.facebook.com/321.KenNew]  * Blubrry: Proactive Tax Strategies Podcast [https://roadmap-to-retirement.blubrry.net/] About the Host:  Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics. Connect with Harlan Accola: * Movement Mortgage [https://movement.com/] * LinkedIn: Harlan Accola [https://www.linkedin.com/in/harlan-j-accola-b6544819/] About our Guest:  Harlan Accola has spent decades in the mortgage industry. For the last 20 years, he has worked in housing wealth for retirees concentrating on reverse mortgages and retirement income planning. He has worked with many of the top financial planning researchers in the nation as to how the trillions of dollars in home equity should be utilized in wholistic retirement plans. Harlan is an author and national speaker and currently works with hundreds of financial professionals in his role as National Reverse Mortgage Director at Movement Mortgage. When he is not working he loves to spend time with his wife and family. They have 4 sons and 5 grandchildren and frequently take reverse mortgage vacations around the world.

How to Harness the Power of Advanced Tax Planning with Mark Miller (Ep. 13)

Do you think tax planning is just about preparing for the upcoming tax season? Think again. The most effective tax strategies require year-round planning and can even start years in advance! In this episode of Proactive Tax Strategies, Ken New explores advanced tax planning and financial optimization strategies with Mark Miller, business consultant to the Hilton Family Office and CEO of Hilton Tax and Wealth Advisors. Uncover strategies to mitigate tax liabilities, hear tips to help maximize your financial outcomes, and hear real life examples of their implementation.  Ken and Mark discuss:  * The focus of Mark’s books and how they can help business owners save on taxes * The collaboration between different advisors, such as CPAs, tax mitigation specialists, and financial advisors for effective tax planning * The benefits of incorporating formal and comprehensive tax plans into long-term financial goals * Real-life success stories that illustrate the impact of meticulous financial planning * And more   Resources: * Hilton Wealth: How To Invest Like An American Dynasty [https://www.amazon.com/Hilton-Wealth-Invest-American-Dynasty-ebook/dp/B0D6SHJFTX/ref=sr_1_1?crid=Z15KH2VYQ1LI&dib=eyJ2IjoiMSJ9.HyEqOGIZRYIUOvp9NIVCNHbJ1MH5iI5mrtYzs5s1r17GjHj071QN20LucGBJIEps.3Yu4E8fg_YLKIS9TDE3OSa9nsG1ZHLoqwwOXUzqQ2wE&dib_tag=se&keywords=Mark+Miller+tax+and+wealth&qid=1719406445&sprefix=mark+miller+tax+and+wealth%2Caps%2C80&sr=8-1] by Mark Miller * The Tax-Free Business Owner [https://www.thetaxfreebusinessownerbook.com/?r_done=1] by Mark Miller * Pinnacle Wealth Management Questionnaire [https://www.pinnaclefinancialwealthmgmt.com/]  Connect with Ken New: * Office Phone: (321) 454-3623 * Website: Pinnacle Financial Wealth Management [https://www.pinnaclefinancialwealthmgmt.com/] * Email: info@pinnaclefinancialwealthmgmt.com [info@pinnaclefinancialwealthmgmt.com] * LinkedIn: Ken New [https://www.linkedin.com/in/kennew/] * Facebook: Ken New [https://www.facebook.com/321.KenNew]  * Blubrry: Proactive Tax Strategies Podcast [https://roadmap-to-retirement.blubrry.net/]   About the Host:  Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991. Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.   Connect with Mark Miller: * LinkedIn: Mark Miller [https://www.linkedin.com/in/markmiller-hiltonfo/] * Hilton Tax & Wealth Advisors [https://www.hiltonwealth.com/] About Our Guest:  Mark Miller has spent over 30 years in the tax and financial services industry helping his clients grow and protect their wealth. He has worked with hundreds of Business Owners, Physicians, Executives and High-Net-Worth clients cutting their taxes significantly. He helps them grow and protect their business and retirement assets in good times and bad. Plus, preserve long-lasting family legacies. Mark is also a best-selling author, having written several books on personal finance. His latest book, The Tax-Free Business Owner teaches business owners how to zero out their taxes, just like many Fortune 500 firms.

How to Elevate Your Charitable Contributions With Aleksander Dyo (Ep. 12)

While many are aware that charitable donations can help reduce your tax bill, strategies for amplifying this technique are not so commonly talked about.   Join host Ken New as he speaks with Aleksander Dyo, Managing Director of Wealth Excel who focuses on advanced retirement plans and specifically financial charitable giving strategies. Together, they cover the world of charitable gift financing, revealing how high-earning individuals and business owners can amplify their donations, maximize tax savings, and accelerate wealth growth without compromising their financial security. Follow along to learn innovative strategies that Aleksander has used to help clients save over $60 million in taxes and how you can apply these techniques to achieve your philanthropic and financial goals. Ken and Aleksander discuss:  * The core principles and benefits of charitable gift financing * How high-net-worth individuals can leverage this strategy for tax savings and amplified giving * The role of specialized third-party lending and life insurance in securing and repaying charitable donations * Fulfilling philanthropic desires and carrying on a lasting legacy of giving without compromising financial security * And more   Resources: * Pinnacle Financial Wealth Management Quiz [https://www.pinnaclefinancialwealthmgmt.com/] Connect with Ken New: * Office Phone: (321) 454-3623 * Website: Pinnacle Financial Wealth Management [https://www.pinnaclefinancialwealthmgmt.com/] * Email: info@pinnaclefinancialwealthmgmt.com [info@pinnaclefinancialwealthmgmt.com] * LinkedIn: Ken New [https://www.linkedin.com/in/kennew/] * Facebook: https://www.facebook.com/321.KenNew [https://www.facebook.com/321.KenNew] * Proactive Tax Strategies Podcast: https://roadmap-to-retirement.blubrry.net/ [https://roadmap-to-retirement.blubrry.net/] Connect with Aleksander Dyo: * Wealth Excel [https://wealth-excel.com/] * LinkedIn: Aleksander Dyo [https://www.linkedin.com/in/aleksander-dyo/]   About the Host:  Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.   About Our Guest:  Aleksander is renowned for his proficiency in sophisticated Qualified Plan models and Financed Charitable Gifting methodologies. Boasting a clientele of 400+ business moguls and affluent earners, he has successfully facilitated tax savings of over $60MM. With an illustrious journey as a serial entrepreneur, a steward at a private equity fund, and an angel investor across finance, tech, and real estate sectors, Aleksander effortlessly fuses his first-hand experience into pragmatic business management and wealth multiplication strategies. His candid demeanor, unwavering commitment to results, and ability to think beyond the conventional set him apart, paving the way for pioneering wealth generation solutions.

Settling for Standard Deductions Could Be Costing You With Roger Roundy (Ep. 11)

Looking to keep more of your hard-earned money in your pocket but don’t know what more you can do? Explore some tax strategies you may not have heard of before this week on Proactive Tax Strategies Join Ken New as he speaks with Roger Roundy, the CEO of Strategic Associates, LLC about finding money that’s slipping through the cracks due to over-taxation. Roger brings his extensive knowledge to the table, discussing innovative strategies that many CPAs might not be fully aware of. This conversation isn’t just about saving money through taxes; it’s about optimizing your financial future so that your legacy will be carried on. Stay tuned and you will learn the importance of timely tax planning, the power of understanding the tax code, and the impact of specialized strategies that could transform your approach to handling taxes. Ken and Roger discuss:  * Above and below-the-line deductions: How they impact your financial planning and tax savings * Tax strategies for business owners: Section 831(b) captive insurance plans, solar tax credits and more * The importance of timing in tax planning: Why the last quarter of the year is crucial for making strategic decisions * Leveraged Charitable Gifting: Increasing the value of your donations and maximizing tax benefits * And more   Resources: * Section 831 (b) [https://www.law.cornell.edu/uscode/text/26/831?quicksearch=&quicksearch=b]  Connect with Ken New: * Office Phone: (321) 454-3623 * Website: Pinnacle Financial Wealth Management [https://www.pinnaclefinancialwealthmgmt.com/] * Email: info@pinnaclefinancialwealthmgmt.com [info@pinnaclefinancialwealthmgmt.com] * LinkedIn: Ken New [https://www.linkedin.com/in/kennew/] * Facebook: https://www.facebook.com/321.KenNew [https://www.facebook.com/321.KenNew] * Proactive Tax Strategies Podcast: https://roadmap-to-retirement.blubrry.net/ [https://roadmap-to-retirement.blubrry.net/]   About the Host:  Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.   About Our Guest:  * LinkedIn: Roger Roundy  [https://www.linkedin.com/in/roger-roundy-tax-mitigation/] * Strategic Associates, LLC [https://www.strategicassociates.com/]  Roger Roundy is the CEO of Strategic Associates, LLC and the Owner of The Alivint Group, LLC. His expertise lies in consulting with business owners, high-earning W-2 employees, beneficiaries of large liquidity events, and any taxpayers potentially overpaying in taxes. He firmly believes that citizens should fulfill their tax obligations to the fullest extent required by law, but not a cent more. Roger has dedicated countless hours to studying and educating taxpayers, tax preparers, advisors, and consultants on diverse tax incentives within the tax code. Whether the tax liability stems from business income, personal income (W-2), or a liquidity event (capital gains), Roger knows numerous solutions and incentives are available to assist taxpayers in retaining and utilizing more of their hard-earned money and works with clients to obtain those benefits.

How Cost Segregation Can Maximize Cash Flow for Property Owners with Joel Grushkin (Ep. 10)

Are you a small business owner, or building owner looking to mitigate taxes and boost cash flow? Ken New and Joel Grushkin dive into the intricacies of cost segregation—a powerful tax planning tool for commercial real estate depreciation. Joel, with 40 years of executive experience and Regional Director of Cost Segregation Initiatives, shares his wealth of knowledge on optimizing tax savings for property developers, owners, and investors. Whether you’re acquiring new property or have been utilizing straight-line depreciation, this episode is rich in strategic insights catering to business and property owners, aiming for effective tax mitigation. Ken and Joel discuss:  * The basics of cost segregation and its impact on commercial real estate depreciation * The benefits of accelerated depreciation for business owners, including immediate cash flow improvement * The partnership between Joel’s firm and CPAs and how cost segregation studies can significantly reduce tax liabilities * Tips on navigating potential IRS audits and the long-term advantages of cost segregation, even upon selling the property * And more   Resources: * How CPAs Can Transition to Proactive Tax Strategists [https://bit.ly/410IwHW] * The Power of Premium Financing [https://bit.ly/3vmCyWr] * Navigating Private Securities [https://bit.ly/49sKyUi] Connect with Ken New: * Office Phone: (321) 454-3623 * Website: Pinnacle Financial Wealth Management [https://www.pinnaclefinancialwealthmgmt.com/] * Email: info@pinnaclefinancialwealthmgmt.com [info@pinnaclefinancialwealthmgmt.com] * LinkedIn: Ken New [https://www.linkedin.com/in/kennew/] * Facebook: https://www.facebook.com/321.KenNew [https://www.facebook.com/321.KenNew] * Proactive Tax Strategies Podcast: https://roadmap-to-retirement.blubrry.net/ [https://roadmap-to-retirement.blubrry.net/] Connect with Joel Grushkin: * LinkedIn: Joel Grushkin [https://www.linkedin.com/in/joel-grushkin-3033b3/] * Email: jgrushkin@costseganalysts.com [jgrushkin@costseganalysts.com]  * FaceBook: Cost Segregation Initiatives  [https://www.facebook.com/CostSegAnalysts/] * Website: Cost Segregation Initiatives  [https://costseganalysts.com/]   About the Host:  Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics. About our Guest:  Joel Grushkin is the Regional Director of Cost Segregation Initiatives. With 40 years of executive experience, his background includes eleven years with Arthur Young & Company (now Ernst & Young) as a Principal and director of the firm’s Management Services Practice. He was also a member of AY’s National Real Estate Industry Specialty Practice Group. His cost segregation experience has encompassed studies for developers and owners of commercial real estate, including but not limited to office buildings, shopping centers, manufacturing and distribution centers, specialty medical facilities, automotive dealerships, hotels, restaurants, financial institutions, multi-family residential and senior living.