The Money Club

David Belisle tackles the third of four parts on taxes in retirement. David explains how keeping money in tax-deferred retirement plans gives the IRS more control of one’s retirement. He discusses the importance of a diversified retirement plan and the finesse of converting money to Roth accounts, along with why having an advisor take a look at this complicated process is necessary. And David addresses when to start the process.

Call Paramount Financial today at 978-406-9137 to discuss retirement strategies and get walk through the “Retirement: Ready or Not?” discussion. Space is limited, so call or hit the contact button and learn more at ParamountFinancialMA.com.

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David Belisle discusses how increased taxes in retirement could be an even worse problem in the future. David discusses the reasons, including the national debt, certain bills that could expire, RMDs, Social Security taxes, and healthcare premiums. And David lays out how he and the Paramount Financial team can do a complimentary look at someone’s retirement plan to help make it as tax-efficient as possible. He also talks about the trip with his wife to the Bahamas and enjoying the warm weather there, versus the cold in Boston.

Call Paramount Financial today at 978-406-9137 to discuss retirement strategies and get walk through the “Retirement: Ready or Not?” discussion. Space is limited, so call or hit the contact button and learn more at ParamountFinancialMA.com.

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David Belisle discusses the types of retirement accounts that can lead to major tax implications in retirement. David describes how this problem is only getting worse over time and how the national debt ties into this. He also describes several different methods that he and the Paramount Financial team use to help people move money from taxable buckets before retirement.

Call Paramount Financial today at 978-406-9137 to discuss retirement strategies and get walk through the “Retirement: Ready or Not?” discussion. Space is limited, so call or hit the contact button and learn more at ParamountFinancialMA.com.

FB: https://www.facebook.com/paramountfinancialma/

Sign up for David’s educational tax seminar on June 3rd and 4th at the Williams Inn in Williamstown. Space is limited, so sign up now: https://keap.page/qju393/taxes-in-retirement-event-registration.html

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David Belisle talks about tax efficiency. David explains the thresholds within the standard deduction and taxable income that can lead to someone potentially (and legally) paying zero federal income tax. David walks through why this is more important now than ever and the myths that some people have about taxes in retirement.

Call Paramount Financial today at 978-406-9137 to discuss retirement strategies and get walk through the “Retirement: Ready or Not?” discussion. Space is limited, so call or hit the contact button and learn more at ParamountFinancialMA.com.

FB: https://www.facebook.com/paramountfinancialma/

Sign up for David’s educational tax seminar on June 3rd and 4th at the Williams Inn in Williamstown. Space is limited, so sign up now: https://keap.page/qju393/taxes-in-retirement-event-registration.html

See omnystudio.com/listener for privacy information.

David Belisle talks about the questions people should consider when planning their lifestyle in their retirement years. David defines this process and shares what calculations and tools he and his Paramount Financial team can make during this discussion – and how each person’s case is specific. He also shares the biggest misconception he has seen people have about their retirement. And David discusses his desire for warm weather to return to New England.

Call Paramount Financial today at 978-406-9137 to discuss retirement strategies and get walk through the “Retirement: Ready or Not?” discussion. Space is limited, so call or hit the contact button and learn more at ParamountFinancialMA.com.

FB: https://www.facebook.com/paramountfinancialma/

Sign up for David’s educational tax seminar on June 3rd and 4th at the Williams Inn in Williamstown. Space is limited, so sign up now: https://keap.page/qju393/taxes-in-retirement-event-registration.html

See omnystudio.com/listener for privacy information.

David Belisle discusses the roller coaster that is happening in the stock market and why people’s best decisions are not made when they are freaking out. David shares how this is the first down market in a long time and how this correction is inevitable. He speaks to the behavioral coaching he has to give in his job and explains both the insurance-based (annuities) and equities-based (dual-directional notes, buffered vehicles) that he uses with clients in times like these. David also discusses his big staff trip they are taking to Ft. Lauderdale, Florida.

Call Paramount Financial today at 978-406-9137 to discuss retirement strategies and get walk through the “Retirement: Ready or Not?” discussion. Space is limited, so call or hit the contact button and learn more at ParamountFinancialMA.com.

FB: https://www.facebook.com/paramountfinancialma/

Sign up for David’s educational tax seminar on June 2nd and 3rd at the Williams Inn in Williamstown. Space is limited, so sign up now: https://keap.page/qju393/taxes-in-retirement-event-registration.html

See omnystudio.com/listener for privacy information.

David Belisle discusses how converting traditional retirement accounts to Roth accounts the wrong way can negate their benefits. David shares how mistakes can hurt someone’s tax bracket (and increase their taxes), can raise the Medicare premiums, and how some advisors have incentive not to share these dangers with people. David tells a story of a client who got slammed with taxes by doing this the wrong way and how Paramount Financial can holistically help people in retirement planning.

Call Paramount Financial today at 978-406-9137 to discuss retirement strategies and get Your Tax and Investment Roadmap. Space is limited, so call or hit the contact button and learn more at ParamountFinancialMA.com.

FB: https://www.facebook.com/paramountfinancialma/

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David Belisle talks about the intersection of taxes and investments this tax season. David outlines three areas where people can end up paying more taxes on their investments than they expect – interest, dividends, and capital gains – and how Paramount Financial can help minimize those tax burdens. David also shares about being a hockey referee and the beating he takes on the ice for fun.

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David Belisle discusses a lesser-known financial tactic: structured notes. David defines the two types – income note and growth note – and how they work. He also explains how they can gain value whether the market goes up or down. And David explains the difference in these structured investments between buffers and barriers.

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Tradewinds Tax Planning: https://www.facebook.com/tradewindtax/

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David Belisle talks annuities, including why they have such a bad rap. David defines what annuities are and the different types. He also explains the many pros of having annuities – protected against market downturns, care coverage, and tax benefits - along with a specific instance when annuities are not beneficial. David also talks about the latest with his favorite Boston sports teams.

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