Coasting in Retirement is dedicated to the financial planning and investment management needs of pre-retirees and retirees living an active lifestyle along our part of the Gulf Coast. Host Josh Null and co-host Michelle Melton dive into relevant financial topics, plus have a little fun with the "Michelle with the News of the Week" and "Josh's Crystal Ball & Big Mouth" segments. Josh's practice Gulf Coast Financial Advisors serves clients in the Panhandle of Florida, Lower Alabama, and the Gulf Coast of Mississippi and Louisiana. You can hear the original broadcast of Coasting in Retirement every Sunday from Noon to 1 PM CT on 106.5 FM in Mobile, Alabama.
What is I told you there are legal mechanisms that can be put in place now that will insure the timely transfer of your estate to those you leave behind? And that these same processes can also help minimize and mitigate the potential tax burden?
What if I told you that there is process that involves both forward looking tax planning and systematically looking into every nook and cranny for tax efficiencies? Would you be interested?
Do you enter into a buy-sell agreement with a partner? If you don’t have a partner, do you bring one on? Do you transition the business to the next generation of family? Do you sell it to the employees? Do you sell it to a third party? And of course, the million dollar question is…what is it even worth?
Business Owners: What if I told you there is a way to keep your key employees loyal that is stickier than just throwing cash bonuses at them? That didn’t require you to do the exact same for ALL of your average rank and file employees?
Josh and Will discuss how a properly structured permanent life insurance policy can features similar to a Roth IRA, particularly tax free growth, but without the income and contribution limits associated with a qualified plan.