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  • 01/30/2020 - financialwealthsolutions 0 Comments
    Make Life Insurance Tax Deductible

    Can You Make Life Insurance Tax Deductible?


    Purchasing life insurance within a qualified plan may offer business owners a practical and tax-efficient way to fund needed personal life insurance protection. Why a qualified plan?

    * Tax-deductible premiums
    * Pre-retirement death benefit
    * Death proceeds in excess of cash value received potentially tax-free
    * Increased diversification among plan assets
    * Potential for added creditor protection

    Click here to access our FREE Pension Guide

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  • 06/01/2019 - financialwealthsolutions 0 Comments
    When Should You Retire?

    It’s a difficult question to answer because it brings into play such a wide range of issues: Do you have enough money to retire? What will you do with your time in retirement? Will you have adequate medical coverage? When should you claim Social Security?

    The answers are highly subjective and personal.

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  • 05/30/2019 - financialwealthsolutions 0 Comments
    Term vs Whole Life Insurance

    Term life and whole life are two popular variations of life insurance policies. While the basic idea of providing much-needed cash in the event of your death is the same, there are some big differences between the costs and benefits of each one. Here’s a rundown

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  • 05/28/2019 - financialwealthsolutions 3 Comments
    Father’s annuity won’t finance son’s retirement

    ….they should never plan on an inheritance. It is a dangerous game when you depend upon an inheritance because you never know what someone’s going to be worth at the time of their death, nor do you know if their situation may change and you may not end up being the beneficiary. If you independently save for your retirement, then no matter what happens to the inheritance, you will….

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  • 05/25/2019 - financialwealthsolutions 0 Comments
    5 Retirement Questions You Must Address As Soon As Possible

    Not surprisingly, financial wellness studies consistently reveal that retirement is a top financial priority. But in reality, there is often a disconnect between “desired” retirement dates and the actual realistic target date for retirement. With retirement confidence levels remaining low these days, perhaps there are other more important questions that should garner more attention than a date on the calendar. Here are five simple questions that should be thought about today…no matter how near or far that season of life may be for you:

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  • 05/23/2019 - financialwealthsolutions 0 Comments
    Gifting a Life Insurance Policy to a Charity

    Earlier this year, Grace who is a recent widow and longtime client, found herself questioning the need of an old whole life policy. The policy had a cash value of $100,000 and a death benefit of $220,000. With the passing of her husband and her two grown children financially independent, she wondered if she still needed the policy.

    Continue to read here

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  • 05/21/2019 - financialwealthsolutions 0 Comments
    5 Creative Ways to Use Life Insurance

    Insurance. One of the more boring products out there but also one of the most essential, especially in a privately-held business — even more importantly, in a business that is growing.

    Here are five creative ways life insurance impacts a growing, closely-held enterprise.

    Read more

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  • 05/18/2019 - financialwealthsolutions 0 Comments
    Life Insurance and the Extra Cost

    Skydivers, cancer survivors and people convicted of drunken driving have something in common: They all might find an extra charge in their life insurance.

    Your age, health and smoking status are the factors that most affect your life insurance rates. But other factors that raise your risk of death can spur insurers to impose a “flat extra” on your life insurance policy. The charge might be temporary, or it might last as long as your policy does.

    Here are three common scenarios in which life insurance companies might charge flat extras. 

    Read more here…..

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  • 05/16/2019 - financialwealthsolutions 0 Comments
    Americans Delay Saving for Retirement

    Study finds many Americans dealy saving for their retirement.  According to a recent study, only 35% of Americans are comfortable planning for retirement. Learn the best ways to kick-start your retirement savings.  Read more here……

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  • 05/14/2019 - financialwealthsolutions 0 Comments
    Hybrid Life Insurance Policies

    These policies are increasingly becoming popular as a long-term care funding strategy.  Read more here……

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  • 05/10/2019 - financialwealthsolutions 0 Comments
    Graduating College Soon?

    Here’s what employers are looking for….

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  • 10/23/2018 - financialwealthsolutions 123 Comments
    Deduct 20% of QBI

    New Tax Deductions for Qualified Business Income

    The 2017 Tax Cuts and Jobs Act created a new deduction under section 199A for business owners of pass-through entities — any type of business that is not organized as a C-Corporation.

    This deduction could be reduced or not available at all if taxable income is over the threshold.  For example, if a business owner is married and files jointly and taxable income is:


         >  Less than $315,000:  Full deduction
         >  $315,000 to $415,000:  Partial deduction
         >  Above $415,000:  No deduction

    Click here to read more about  “New Tax Deductions for QBI” »

    QBI deductions are complex and results will vary based on the individual business’s circumstances.  More information to come as proposed guidance regarding 199A becomes finalized.


    Consider establishing a new plan or enhancing your current plan to take advantage of this opportunity.  Call us today.


    Learn More About FWS »

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  • 09/27/2018 - financialwealthsolutions 5 Comments
    Take Control of Your Taxes

    Take Control of Your Taxes —-
    And Your Money

    As we approach another year ending now is a great time to start reviewing your taxes for 2018.  To find out if there are alternatives to help limit your tax exposure a complimentary review of your 1040 may help.
    How do taxes affect your financial health and well-being?
    Do you wonder if there is anyting you can do differently to protect yourself from income taxes taking too big a bite?


    Many of the factors that can affect your financial health are out of your control and include:

         ~  Market experience
         ~  Interest rates
         ~  Taxation

    Click here to download our 2018 Tax Reference Sheet »

    With careful planning, you may be able to limit exposure to income taxation and protect your family from the risk of income taxes taking too large a bite out of our assets.  A complimentary review of your 1040 may help identify approaches that can limit your tax exposure and improve your overall financial health.  Contact us today.
    Financial Wealth Solutions does not provide legal or tax advice.  The information herein is general and educational in nature and should not be considered legal or tax advice.  Tax laws and regulation are complex and subject to change, which can materially impact investment results.  FWS cannot guarantee that the information herein is accurate, complete or timely.  FWS makes no warranties with regard to such information or result obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.  Please consult an attorney or tax professional regarding your specific situation.
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  • 09/17/2018 - financialwealthsolutions 0 Comments
    Will Your Business Survive

    Will Your Business Survive Your…..
    Disability?  Retirement?  Death?

    Unfortunately, many small businesses fail to survive beyond the first generation.  One reason is the failure to plan for the disposition of the business at an owner’s death, disability, retirement or withdrawal.

    As an owner of a closely held company, only three choices exist for the disposition of your business interest:

         1.  Sell to co-owners, family members or outside third parties
         2.  Liquidate the business
         3.  Retain the business with the family

    Click here to read about BUSINESS PLANNING STRATEGIES »


    Protecting the Survival of Your Business

    This decision-making process may be a difficult process.  You have great investments in your business:  physical, financial and emotional investments.  Any success the business has experienced came as a result of your hard work, perserverance and an ability to take risks.
    Consider taking advantage of the opportunity to plan the continuation of your business beyond your management.  Call us today or complete the Business Planning Profile below and email it or fax to (720) 216-5122 to begin the process of extending the life of your business.

    Learn More About FWS »

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  • 09/06/2018 - financialwealthsolutions 0 Comments
    Estate Planning for Blended Families

    Over the last 50 years, the idealized post-Second World War family of two married parents, their 2.2 children and a pet all living together under one roof has ceased to become a reality for most people.


    While not all traditional families get along, planning for blended families involves extra layers of complexity caused by different relationships within the family — the addition of a step parent and the “yours, mine and ours” sets of children.


    Often they want to keep the wealth within family lines — “what’s mine is mine and what’s yours is yours”, but this plan starts to break down when there are “our” children and/or when there is a significant disparity in wealth to which the lower-income family becomes accustomed.

    Some Statistics on Blended Families:


         ~  40% of U.S. households include at least one
               step-relative or a half-relative
         ~  52% of all Americans under age 30 have a step- 
              or half-relative
         ~  45% of families in the West include step- or
         ~  18% of families have a living stepparent 


    Click here to see more details and sources »


    For most families, it is not just a question of finances and assets.  Planning may be driven, particularly in the early years, by a mix of emotions and feelings.  Issues of estate equalization has to take place across different families as well as different branches of the family.  Life Insurancecan be an essential part of providing family harmony.


    It is important to become familiar with these financial situations and the solutions available.  We at Financial Wealth Solutions can help.  Contact us today.

    Download our FWS BROCHURE »

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  • 08/29/2018 - financialwealthsolutions 0 Comments
    Make Life Insurance Tax Deductible

    Life Insurance in a
    Qualified Retirement Plan

    Small businesses sometimes choose to purchase life insurance as a funding option for their qualified retirement plan.  There are a number of advantages in doing so:

         ~  Tax-Deductible Premiums
         ~  Income Tax Advantage at Death
         ~  Reduced Personal Expense
         ~  Pre-Retirement Death Benefit
         ~  Easily Understood Benefit
         ~  Conservative Plan Funding
         ~  Guaranteed Issue and Simplified Issue

    Click here to see more details »

    Advantages in a
    Qualified Retirement Plan

    To purchase life insurance outside the plan, an individual bears the entire cost of the premium.  Purchasing life insurance through a qualified plan can be cost effective for the business as well as an added benefit to eligible employees.

    Click here to see an example »

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  • 08/13/2018 - financialwealthsolutions 0 Comments
    Two Important Issues for Business Owners

    Your Future Retirement
    Your Current Tax Liability


    Are you concerned about your retirement?  Do you need tax deductions for your business?


    One Solution:  A 412(e)(3) Fully Insured Defined Benefit (DB) Plan


    It may surprise you to know that 412(e)(3) fully insured DB plans have been around for over 50 years and there are several factors that have contributed to the current interest in them, such as:


         ~  Market risk associated with the stock market
              compared to a guaranteed annuity contract
         ~  Demographics;  retirement is rapidly approaching
             for the “baby boomers”


    Why a 412(e)(3) Fully Insured DB Plan?


         ~  Guaranteed benefits
         ~  Tax deductions
         ~  Larger contributions for older
         ~  Life insurance with tax-deductible
             premiums available


    Click here to read Q&As about the 412(e)(3) Fully Insured DB Plan »


    The Advantages We Offer Are:


    >   One service provider for the plan document, funding, annual valuation and federal filing.
    >   Consultation and evaluation by an experienced pension staff.
    >   Your local FWS representative services your account.


    Learn More About FWS »

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  • 08/06/2018 - financialwealthsolutions 0 Comments
    Maximizing Retirement Plan Effectiveness

    Isn’t it About Time?

    Most small business owners would like more options in the amount of their contribution to employees.  Flexibility is now available.  Section 401(a)(4) of the Internal Revenue Code allows profit sharing allocations to be divided differently among employees based upon identifiable classification groups.  Not only is the amount of contribution flexible, but there is flexibility in the way it is divided among the employees. 

    This type of profit sharing plan is referred to as a cross-tested profit sharing plan.  There are two formulas:

         ~  Age-weighted plans, in which older employees
             are favored.
         ~  Classification groups, in which employees are
             divided into groups, which each group receiving
              a different share of the contribution.

    The cross-tested profit sharing plan allows the owner to decide who will benefit more from the firm’s profit sharing contributions based upon objective criteria.  The options for classification groups and contribution amounts maximize the effectiveness of the firm’s retirement plan using a cross-tested plan design.

    Click here to see  more information on
    “Cross-Tested & 401(k) Safe Harbor Profit Sharing Plans” »

    The Advantages We Offer Are:

    >   One service provider for the plan document, funding, annual valuation and federal filing.

    >   Consultation and evaluation by an experienced pension staff.

    >   You local FWS representative services your account.

    Learn More About FWS

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  • 08/01/2018 - financialwealthsolutions 0 Comments
    Attractive Benefit of the Cash Balance Plan

    Find a Powerful Solution

    Many business owners wish they could have the best of both worlds with their retirement plan, combining the large benefit and tax deduction provided by a defined benefit plan with the flexibility of a defined contribution plan.  The solution may be a type of defined benefit plan referred to as a cash balance plan

    A cash balance plan is a hybrid plan that allows greater contributions than a 401 (k) or profit sharing plan while still maintaining the look of a defined contribution plan.

    Click here to see “Your Business and a Cash Balance Plan in Action” »

    An Attractive Benefit

    A cash balance plan can be a centerpiece for attracting and retaining employees, while providing a large contribution for the owner and a sizable tax deduction for the business.  Since benefits are expressed as a hypothetical account balance, it’s easier for employees to understand the true value of the benefit being provided.  The cash balance plan provides an attractive benefit to owners in a mobile workforce, encouraging stability in a business’s workforce.

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  • 07/12/2018 - financialwealthsolutions 0 Comments
    Custom Designed Retirement Plans

    Small Business Solutions

    We help your clients by providing options that may help them protect their financial future with a retirement plan for themselves and their business.  A full range of plans are offered:
          ~  Fully-Insured Defined Benefit Plans
         ~  Cash Balance Plans
         ~  401(k) Defined Contribution Plans
         ~  Profit Sharing Plans
    All of these plans can be custom designed (at no cost) to help give your clients the largest permissible share of total contributions, as well as tax deductions for their business.

    Click here to see a Plan Comparison »

    Five Questions to Consider 
    for Your Clients

         1.  Where are they now?
         2.  What do they want for their future?
         3.  What could get in the way?
         4.  What first steps can they take?
         5.  What strategies can they use?

    The Number 1 enemy of your client’s wealth creation besides procrastination is TAXATION!  Don’t let their liefelong success be erased by taxes and unintended inheritors.

    Learn More About FWS »

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  • 12/09/2016 - financialwealthsolutions 1 Comment
    Site Launch

    Our new website is finally up. We’ve worked hard to get a beautiful new site ready and we’re proud to show it off. Thanks for reading our blog. We have lots of great blog posts in the works. Please check back or contact us now to find out how we can help you.

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Securities offered through ELE Wealth Solutions, Inc., member FINRA. Advisory services offered through ELE Advisory Services, Inc. EWSI and EAS are affiliated through common ownership and control. Financial Wealth Solutions, Inc. and 1st Consumer Insurance Agency Inc. are not affiliated with EWSI or EAS.
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Centennial · CO 80112

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