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Influential Entrepreneurs Interviews Certified Financial Planner® Burt Williamson of PlanPrep Discussing Why Now Is a Critical Time to Do Tax Planning

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Influential Entrepreneurs Interviews Certified Financial Planner® Burt Williamson of PlanPrep Discussing Why Now Is a Critical Time to Do Tax Planning

Published on April 5, 2023

There is a limited window of opportunity for people close to retirement or recently retired to minimize taxes for themselves and their heirs.

Click here to listen to the interview on the Business Innovators Radio Network.

Tax planning is essential right now for those who are close to retirement or recently retired, according to Certified Financial Planner® Burt Williamson. He explained, “Income tax rates are set to jump higher in 2026, as many of the 2017 federal tax law changes will expire. Nobody is sounding the alarm about it, but some tax brackets will go up by as much as 4% overnight and the gifting and estate tax limits will be cut nearly in half!”

Burt continued, “Most people focus on getting the biggest tax deduction each year rather than reducing their lifetime tax bill. Meanwhile, recent federal tax law changes make it easier to delay taking money out of pre-tax retirement accounts, allowing retirees to defer the taxes longer than before. The longer they defer, the bigger the tax bill will be when they start withdrawing the money or after their kids inherit those accounts. Pre-retirees and those recently retired need a plan to defuse the ticking-tax time bomb before it goes off. Otherwise, it will.”

Proper guidance and tax planning can make it easier and less stressful to enjoy a comfortable lifestyle throughout the golden years, while allowing people to leave a much more tax-efficient inheritance for their heirs someday.

Tax payers in The United States have been experiencing historically low tax rates in recent years, which adds to the timeliness of developing a strategy right  now, some of which may have little to no impact on a person’s spending capacity.

Burt added, “Time can be an ally or a worst enemy. People should meet with their tax advisor and a knowledgeable Certified Financial Planner® soon to take advantage of this limited window of opportunity.”

 

About Burt Williamson

Burt has helped thousands of people across the country to plan effectively for their unique financial situations since 1995. His company, PlanPrep, is a Registered Investment Adviser. Burt is also licensed to provide annuity and insurance solutions. Burt and PlanPrep act as fiduciaries for all clients.

https://www.planprep.com  ~  California License #0D33315

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Fran Bailey, Renowned Energy Healer and Founder of the SHEVA Method, to Conduct Enlightening Sessions on the Power of the Heart Chakra

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Fran Bailey, Renowned Energy Healer and Founder of the SHEVA Method, to Conduct Enlightening Sessions on the Power of the Heart Chakra

Published on June 7, 2023

Fran Bailey, the founder of the transformative SHEVA Method, has announced a free series of life enhancing materials throughout May and June 2023. The content will delve deep into understanding and harnessing the power of the Heart Chakra, a crucial component of holistic well-being and spiritual growth.

Fran Bailey, the highly regarded energy healer and founder of the transformative SHEVA Method, has announced a series of blogs, meditations and videos throughout May and June 2023. The content will delve deep into understanding and harnessing the power of the Heart Chakra, a crucial component of holistic well-being and spiritual growth.

Bailey, a pioneering figure in the realm of energy healing, aims to share her extensive knowledge about the Heart Chakra and its significant benefits. The online content will include practical advice on healing techniques, emotional balance, and cultivating a life of abundance and fulfillment through a balanced Heart Chakra.

Fran Bailey’s contributions to the field of energy healing have been recognized worldwide, thanks to her groundbreaking SHEVA Method – a holistic approach to spiritual growth and emotional well-being. Her sessions have been transformative for thousands of individuals seeking to unlock their true potential and navigate life’s challenges with resilience.

In addition to her acclaimed SHEVA Method, Bailey’s expertise in energy healing is vividly captured in her book, EMERGENCE. The book is an enlightening guide to understanding and harnessing our internal energies for self-improvement and spiritual development. It provides readers with actionable strategies and insightful knowledge to traverse their spiritual journey. To celebrate Mother’s Day during the month of May 2023, Fran has made the book available with the addition of a free heart meditation audio download to assist Mothers during time of change.

“I’m thrilled to share my knowledge about the Heart Chakra this month,” said Bailey. “My hope is that this content will empower individuals to tap into the healing power of their Heart Chakra and lead lives filled with love, compassion, and inner peace.”

Participants of these sessions can look forward to gaining a deeper understanding of the Heart Chakra’s role in emotional balance, maintaining harmonious relationships, and cultivating a sense of unconditional love and forgiveness.

For more information about the blogs, meditations and videos, visit Fran Bailey’s official website. To stay updated on her latest events and tips on energy healing, follow her on social media.

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Rick Sechler, CFP® Founder of USA Retirement Solutions, Interviewed on the Influential Entrepreneurs Podcast

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Rick Sechler, CFP® Founder of USA Retirement Solutions, Interviewed on the Influential Entrepreneurs Podcast

Published on June 7, 2023

Rick Sechler discusses the advantages of fixed-indexed annuities compared to other income-generating choices. 

Listen to the interview on the Business Innovators Radio Network: 

https://businessinnovatorsradio.com/interview-with-rick-sechler-cfp-founder-of-usa-retirement-solutions/

Fixed-indexed annuities offer several advantages compared to other income-generating products. One of the most significant is the guaranteed income stream they provide for as long as the policyholder is alive. This means people can be sure their retirement savings will last throughout their lifetime, regardless of how markets fluctuate. Fixed-indexed annuities usually have no additional fees or charges so people don’t need to worry about ongoing costs. Fixed-indexed annuities provide peace of mind.

In comparison, other products such as stocks, bonds, and mutual funds may provide higher yields but expose individuals to more risk. There is no guarantee that the value of these investments won’t decrease, leaving their retirement income vulnerable. Furthermore, unlike fixed-indexed annuities, additional fees or charges may be associated with such investments, which can erode returns over time. So, while other income-generating products may offer potential gains in the short term, fixed-income annuities are an excellent option for long-term financial security.

Rick explained: “Fixed-indexed annuities are an attractive option for retirees who want to secure their retirement income and enjoy peace of mind. They protect against the risk of market volatility and additional fees or charges. Ultimately, fixed-indexed annuities can enable retirees to enjoy a comfortable standard of living throughout their retirement years.”

He added, “If you’re looking for reliable income during your retirement, then fixed-indexed annuities should be part of your financial planning. Make sure to speak to a qualified financial advisor before making any investment decisions to make the most informed choice possible. With the right advice and products, you can ensure that your retirement income will last as long as you do.”

 

About Rick Sechler

Rick Sechler is a Certified Financial Planner who truly appreciates the opportunity to serve clients planning for and enjoying their retirement.

Based on over 30 years of experience and the ability to listen for the nuances that make every situation different, he believes in a collaborative process that results in solutions developed by gathering information that integrates personal and financial circumstances and goals. Communication is the most important ingredient to developing the plan that is right for you.

Learn More: https://usaretirementsolutions.info/

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Tom Hegna, Author, Speaker, Economist, and Retirement Income Expert, Interviewed on the Influential Entrepreneurs Podcast

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Tom Hegna, Author, Speaker, Economist, and Retirement Income Expert, Interviewed on the Influential Entrepreneurs Podcast

Published on June 7, 2023

Tom Hegna discusses how Financial Advisors can thrive in today’s industry to best communicate retirement products with clients and prospects. 

Listen to the interview on the Business Innovators Radio Network:
https://businessinnovatorsradio.com/interview-with-tom-hegna-author-speaker-economist-and-retirement-income-expert/

Financial advisors have the potential to thrive in today’s competitive industry by effectively communicating retirement products with clients and prospects. To do so, they must understand the complexities of these kinds of products and present them in an easily understandable way.

Tom explained: “One essential skill for financial advisors is identifying their client’s needs. This means assessing an individual’s current financial situation, including debt levels, income sources, savings goals, and other investments. With this information, advisors can consider which solutions from a broad range of retirement-specific options best suit each unique client.” 

Once identified, financial advisors should educate their clients on all available options – weighing both short-term and long-term considerations. Advisors should also be able to provide the pros and cons of each option so their clients can make informed decisions about their retirement goals.

In addition to providing clear, easy-to-understand information, financial advisors need to keep up with the ever-changing retirement landscape. By staying current on new products, regulations, and other industry changes, advisors can better provide practical advice tailored to a client’s situation.

It’s important to remember that successful communication requires a deep understanding of both people and products – something that all financial advisors must develop over time. By building relationships with clients based on trust and respect while providing sound advice, advisors will have a better chance of helping clients reach their retirement goals.

 

About Tom Hegna

Tom Hegna CLU, ChFC, CASL, is an author, speaker, and economist. He has been an incredibly popular industry speaker for many years and is considered by many to be THE Retirement Income Expert!

As a former Senior Executive Officer at New York Life, retired Lieutenant Colonel, and economist, Tom has delivered over 5,000 seminars, helping Baby Boomers and seniors retire the “optimal” way. He has condensed a large chunk of his considerable knowledge into five of his books:

(1) Paychecks and Playchecks: Retirement Solutions for Life, which is in the top 1% of any book ever sold.

(2) Retirement Income Masters: Secrets of the Pros that compiles the very best practices from the top retirement experts in the country.

(3) Paycheques and Playcheques, Retirement Solutions for Canadians.

(4) Don’t Worry, Retire Happy! Seven Steps to Retirement Security, which is based on his popular Public Television Special that has played in over 80 million homes in the US and Canada.

(5) And most recently: Don’t Worry, Retire Happy! Seven Steps to Retirement Security for Canadians.

Tom specializes in creating simple and powerful retirement solutions based on math and science – not opinions. He has the unique ability to pump up a crowd, make people laugh, and solve complex financial problems using easy-to-understand words, ideas and stories. He is available to speak to businesses, government organizations, professional associations, financial professionals, and their clients all across the globe.

Learn more: https://tomhegna.com/webinars

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