1. Effect of Taxes on your Savings Q: $100,000 for 30 years @ 8% Interest A: $352,395 Q: $100,000 for 30 years @ 8% Deferred A: $1,006,266 Q: How many Investors focus only on Rate of Return?
2. Taxes I would suggest to you that I can save you $1,000 in taxes FASTER than you can get yourself a $2,000 raise. Taxes are likely your family’s biggest expense - let’s start there shall we? Investments are a matter of opinion, taxes are a matter of fact.
17. Investment Management, Risk Management, Estate Planning, Inflation Management, paying taxes unnecessarily, etc.We have over 50 Strategies, that most people have not implemented!
18. Most businesses have not planned a proper business exit strategy! Research has shown that most individuals feel they are not ready for Retirement Q: How many people in this room feel what they are doing will put them in the proper position for retirement?
22. How to Build a Personal Income with Corporate dollars, conservatively and tax effective
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24. Invest in the Stock Market without putting your money at Risk
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26. Is there a better way? (Please Keep Score – which do you have?) How can business owners and individuals avoid or reduce CRA taxes on investments? How can business owners use corporations to create a tax advantaged retirement income? Establish a Corporate Retirement Income Enhancer
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29. Funding a buy-sell agreement at the death of one of the co-owners of the business
39. $1,533,572 Tax Free in year 25* Canada Life, Wealth Achiever, Max 20, Zoom 11.1, Policy Date: September 10, 2010, Face Value $560,000
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41. In year 20 John could take out $578,701 after tax
42. In year 25 John could take out $776,892 after taxWhat about Monthly Income?
Editor's Notes
Explain part one that we are using an example of a person in the top tax bracket using 46.4% tax rate and interest income.Part two the $100,000 assume money is inside of an RRSP – taxes would be paid on withdrawal (tax liability of approximately $450,000) as a lump sum approx. $550,000 net still more than non-reg or all could be tax free if build up in TFSA, which would take years (with deposits of $5,000 per annum) based on today’s contribution maximums.
We will be discussing business owners and individuals
People who are not going to Retire why?
Open end question.Pitcher Partners found that the average age of small business owners is 55 years and 81% of them plan to retire in the next ten years. However, 75% of them had no business exit strategy.In another survey, the Cameron Research Group showed than only 10% of small business owners had a documented succession plan. Another 44% had thought about succession but had no plan and nearly half or 46% had not given any thought to succession. Read more: http://www.articlesbase.com/business-ideas-articles/the-heartbreaking-exit-strategy-for-business-3148789.html#ixzz0yxEXqwACUnder Creative Commons License: Attribution
Now the basic benefits of corporate insurance is
Lets get back to the tax free investment account and how it works
Corporation has capital in taxable environment$1 of life insurance paid on death does not necessarily equal $1 of CDA as the addition to CDA is reduced by the adjusted cost basis of the policyHowever the owner says im glad to leave a estate, but I wanna spend my money! My retirement my yacht.
3 ways to access the investmentsFor each method of withdrawing funds from the policy, one should seek professional advise (accountant, financial planner) to determine the most appropriate method.Withdraw money from the cash value of the policyTake a policy loan on your policy (interest charges)Use the policy as collateral to obtain a loan from a lending institution (complex, need to know advantages and disadvantages.Each method requires careful consideration.
What can you invest in.Whole life guarantees 6% minLets examine the whole life div yield
