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Linda Jensen, Principal and Owner of Heart Financial Group, Interviewed on the Influential Entrepreneurs Podcast, Discussing How Taxes Impact Retirement

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Linda Jensen, Principal and Owner of Heart Financial Group, Interviewed on the Influential Entrepreneurs Podcast, Discussing How Taxes Impact Retirement

Published on July 27, 2023

Linda Jensen discusses how taxes impact retirement. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-linda-jensen-principal-and-owner-of-heart-financial-group-discussing-how-taxes-impact-retirement/

The truth is there are two givens in life:  death and taxes.  Taxes are at an 80-year low.  The highest rate in the US was 94% after World War II.  In the 70’s the top rate was 70%.  The national debt is more than 32 Trillion.  It has grown more than 2.5 Trillion in the past 17 months.  We can’t fathom a number as big as one trillion.  If someone took one trillion in one-dollar bills, it would take more than 44,000 25-ton semis to carry the load.  There are only two ways to fix this:  Congress needs to lower spending or it will become necessary to increase taxes.  I think that taxes will have to increase.  That is why taxes are a primary focus of our practice.  We help individuals and business owners mitigate taxes.  There are ordinary income taxes.  When retired and on Medicare, there are IRMA penalties for high-income earners.  There are capital gains taxes on the sale of a business or real estate.  Then there’s death taxes.  People are taxed their entire life and when they pass away, their estate can be subject to estate taxes.  Social Security has been taxed since the mid-1980s.  For those who have a lot of pre-tax dollars in IRA accounts, the required amounts that must be taken out of those accounts can be quite a surprise.  All of these taxes are best navigated by planning.  That’s exactly what we do. 

Taxes are an essential factor to consider when planning for retirement. There are several different types of taxes that people may be liable for during their retirement years, including federal income tax, state income tax, capital gains tax, and property tax. Their liability for these taxes can change depending on several factors such as their age, income level, retirement accounts (e.g., 401(k), IRA), and source of income (e.g., Social Security).

Linda explained: “It is important to recognize the potential impact taxes may have on your retirement savings and to take steps to minimize this impact if possible. Strategies for minimizing the effects of taxes on retirement include Roth IRA conversions or making charitable donations which can generate deductions from taxable income. Additionally, taking advantage of tax credits and deductions can help to reduce your overall tax burden.”

To ensure that people are making the most of their retirement funds and not inadvertently incurring additional taxes, it is essential to consult a qualified financial advisor who can provide advice tailored to their situation. Working together, they can develop the most efficient tax strategies for achieving retirement goals.

With the proper guidance, taxes need not be a major obstacle to an individual’s retirement success.

Linda added: “People should not hesitate to contact a financial advisor for further information or advice on understanding and mitigating the impact of taxes on their retirement funds. Financial Advisors are here to help them make the most of their nest egg so they can confidently retire.” 

 

About Linda Jensen

Linda has been self-employed for her entire life. A successful financial advisor since 1994, she has enjoyed all aspects of entrepreneurship, especially problem-solving, sizing up dilemmas, and working through complexities with creative solutions. She is a lifelong learner. In addition, she has a passion for establishing a good rapport with business owners and clients helping them access a wide range of resources. “Business owners are in a lonely place,” says Linda. “I want to develop a relationship with the business owner, offer counseling and serve as a referral service.”  Linda began her career in 1994 with Prudential Preferred Financial Services; for three years Linda was an agency leader in Tacoma, Washington. 

Since starting her firm in 1997, Linda has enjoyed working with individuals and business owners helping them achieve their financial dreams and goals. She is an expert in all aspects of retirement planning. 

Linda has lectured widely on financial topics to both the general public and business professionals. She is passionate about helping business owners leverage corporate cash to create benefits for the owner(s), and key employee(s) and to identify estate-planning solutions. 

Linda calls the Pacific Northwest home. She married her college sweetheart. She and her husband Brad have two children and five grandchildren. Linda loves learning, reading, hiking, sewing, and cooking.

Learn More:
https://www.heartfinancialgroup.com/

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Investment advisory services are offered through WealthWatch Advisors, an SEC-registered investment advisor. WealthWatch Advisors and Heart Financial Group are independent of one another. Please note that registration with the SEC does not guarantee the success of investment advice.

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Frank Tobin, Executive Chairman of GomSpace North America, Discusses Partnering for Faster and More Assured Mission Success on The Space Industry Podcast

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3 days ago

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September 29, 2023

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Frank Tobin, Executive Chairman of GomSpace North America, Discusses Partnering for Faster and More Assured Mission Success on The Space Industry Podcast

Published on September 29, 2023

Low Earth Orbit (LEO) is becoming an increasingly difficult place to do business. In his recent appearance on The Space Industry Podcast, Frank Tobin, Executive Chairman of GomSpace North America, shares his belief that the fastest path to a successful LEO satellite deployment in this competitive environment is through collaboration.

A new race to space is happening right above our heads. But the destinations targeted today are not the Moon or Mars. Instead, entrepreneurs, nation states, and large corporations are sending small satellites into Low Earth Orbit (100 to 1,000 miles altitude) to track weather, provide broadband Internet access and telecommunications, support the Internet of Things (IoT), and perform military and security functions.

With so many potential LEO opportunities available, a gold rush mentality has driven scores of entrepreneurs and hundreds of millions of dollars of capital into the sector in recent years. Now, as the market begins to mature, investors are becoming more focused on rapid paths to profitability and less upon innovative technologies.

“The capital markets are no longer interested in funding science projects,” stated Frank Tobin, Executive Chairman of GomSpace North America on The Space Industry Podcast. “They are looking for business models that can be ramped up quickly and achieve cash flow positive status in a reasonable period of time.”

“This is why it’s critical that every company or agency planning a satellite mission focuses on their core technological competencies,” Tobin continues, “And outsources to flight-proven partners the nuts and bolts of building, launching, and managing one – or a constellation of – satellites. The sooner you can demonstrate in-orbit experience, the less equity you will have to give up in exchange for capital. Partnering accelerates that process.”

Listen to the interview:
Frank Tobin’s appearance on The Space Industry Podcast is the first in a series of such interviews he will be granting in the coming weeks and months to communicate his message of the power of partnering in space.

To listen to Tobin’s guest interview on The Space Industry Podcast, click this link.

About GomSpace North America
GomSpace is a manufacturer and operator of nanosatellites for customers in the defense, academic, government and commercial markets. GomSpace’s services include systems integration, nanosatellite platforms, constellation operations management and miniaturized radio technology.

About The Space Industry Podcast
The Space Industry Podcast features stories, educational material, and behind-the-scenes views into the real-world activity in today’s space industry. It is produced by satsearch – the global marketplace for space – which helps engineers from across the global industry find information on suppliers, products, services, and capabilities at all levels of the supply chain.

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BINE INTERNATIONAL Announces Dubai Investment and Networking Event (DINE 2023) at JW Marriott Marquis Hotel

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4 days ago

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September 28, 2023

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BINE INTERNATIONAL Announces Dubai Investment and Networking Event (DINE 2023) at JW Marriott Marquis Hotel

Published on September 28, 2023

BINE INTERNATIONAL Announces Dubai Investment and Networking Event (DINE 2023) at JW Marriott Marquis Hotel

Dubai, UAE – 9/28/2023– BINE INTERNATIONAL is thrilled to announce the highly anticipated Dubai Investment and Networking Event (DINE 2023), scheduled to take place at the luxurious JW Marriott Marquis Hotel on December 16, 2023. This prestigious event is poised to facilitate investment and collaboration among companies and industries, with a special focus on bolstering small and medium enterprises (SMEs) under the theme “Growing Businesses through Investment Collaboration.”

DINE 2023 is set to create a dynamic business ecosystem, benefiting both local and international entrepreneurs, while reaffirming its strong commitment to supporting SMEs and recognizing their pivotal role in driving economic growth and innovation. The event aims to provide SMEs with a platform to connect with potential investors, expand their networks, and explore new growth opportunities, ultimately catalyzing economic development, creating job opportunities, and fostering a sustainable business environment.

Highlighting various investment opportunities in sectors such as technology, energy, infrastructure, agriculture, and tourism, DINE 2023 will bring together entrepreneurs, investors, and decision-makers from both regions. The event’s emphasis on networking and fostering meaningful business relationships will be a key feature, with interactive sessions designed to facilitate connections and collaborations, enabling participants to engage with industry leaders, experts, and policymakers to exchange ideas and best practices.

DINE 2023 boasts a diverse lineup of industry experts and thought leaders who will share their insights on investment strategies, market trends, and innovative business models. Guided by a shared vision for growth, these sessions will inspire attendees to think beyond boundaries and explore new avenues for business development. By promoting innovation and thought leadership, DINE 2023 aims to ignite a spirit of entrepreneurial excellence and propel business growth.

The Dubai Investment and Networking Event (DINE) 2023 stands as a testament to the unwavering commitment to fostering a thriving business ecosystem that benefits all. Through collaborative efforts, investment opportunities, and networking, DINE 2023 is dedicated to supporting SMEs and driving strategic investments. With the stage set for this groundbreaking event on December 16, 2023, entrepreneurs, investors, and industry leaders are eagerly anticipating an inspiring and transformative experience at DINE 2023.

For registration and further information, please visit https://www.bineint.com/register.

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Miriam Divinsky, Ph.D., Spiritual Advisor, Launches Book on Amazon Titled: “Playing The Game Of Life And Business To Win: Search For Truth And Enlightenment.”

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4 days ago

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September 28, 2023

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Miriam Divinsky, Ph.D., Spiritual Advisor, Launches Book on Amazon Titled: “Playing The Game Of Life And Business To Win: Search For Truth And Enlightenment.”

Published on September 28, 2023

Dr. Miriam is a spiritual advisor and mentor to entrepreneurs and business owners. Her mission is to help transform her clients’ work and lives to realize their full potential. Dr. Divinsky is the Founder and President of Authentic Life Center, Inc. She is listed in “America’s Best Therapists” and has been featured in “Who’s Who: National Registry” and “Who’s Who in American Women.” Dr. Miriam Divinsky is a Lifetime International Association of Counselors and Therapists member. Dr. Miriam Divinsky is a Lifetime Member of International Association of Counselors and Therapists.

Divinsky launched her brand new book on Amazon and Kindle and hit several Best-Seller lists on Amazon.com within 24 hours of release, achieving #1 in Knowledge Capital, #1 in Divination and Personal Growth, and #6 in Personal Success and Spirituality.

Divinsky said, “This book is the clearest blueprint to align your Outer Game of Success with your Inner Game. The alignment of these two Games allows you to have a truly successful professional life AND a happy and fulfilling personal life. The information in this book will transform your awareness, intentions, actions, and results so that you can be who you were always destined to be.”

Miriam continued, “My mission is transforming my clients’ lives to meet their Destiny and to live to their full potential. I started many years ago with a desperate need to understand the meaning of my life and to find the Truth that would set me free to live without the limitations of sheer mortality. The search for Truth took many turns over many years in two countries: Russia and the United States. I always felt that my life was a bridge by which my clients could cross from the constriction of naive materialism to the freedom of full realization of human Destiny—the realization of the Truth of who we truly are—an expression of Infinite Spirit in human form. In this instructional book, I am sharing the most fascinating and practical information that allows you to change your life physically, emotionally, mentally, and spiritually.”

Connect with Dr. Miriam Divinsky: www.Miriam360.com
Purchase a copy of her book: https://www.amazon.com/dp/B0CJ8CQQ7J

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