Southern Lehigh Chamber of Commerce Program - Feb. 2011

1. “Red, White and Bruised” Southern Lehigh Chamber of Commerce February 9, 2011 Jeffrey S. Berdahl, CPA/PFS, CSEP Regan, Levin, Bloss, Brown & Savchak, P.C.

2. CURRENT CHALLENGES AND ROAD BLOCKS

3. Current Challenges and Road Blocks (con’t) Economy; Stock Markets and Banking Environment

4. Current Challenges and Road Blocks (con’t) Changing Political Landscape Lack of permanent or long-term tax law changes 2010 Act extends Bush Era Tax rates and provisions for 2011 and 2012

5. Current Challenges and Road Blocks (con’t) Political Environment; Presidential Election 2012 Get involved and vote, your voice is critical Write your legislator

6. Current Challenges and Road Blocks (con’t) Health Care; Repeal of 2010 Act Impact on Business’s and Seniors What to expect in the future Means testing

7. Current Challengesand Road Blocks (con’t) Litigation Is Everywhere Impact on Business and Families How to protect your Business and Family Government and Retirement Programs are at risk, deferred budget plans and social security being means tested

8. Current Challengesand Road Blocks (con’t) Pace of Technology and the 24/7 world we live in.

9. Ways And Methods to ProtectBusiness’s And Family Wealth

10. Ways and Methods toProtect Business’s and Family Wealth Take Charge and Reach Your Goals Consider Legal Structure of Your Business Entities Use of Family Trusts and Family Limited Partnerships Transfer Risk to Third Parties

12. Ways and Methods to Protect Business’s and Family Wealth Estate Planning Current rates and exemptions for 2011 and 2012 – $5 million each person at a rate of 35% Creditor protection: Family Limited Partnerships

15. Ways and Methods to Protect Business’s and Family Wealth Business succession planning for your business. Your biggest asset, why leave it at RISK!

16. Ways and Methods to Protect Business’s and Family Wealth Review your assets to determine proper allocation for your risk profile and future goals.

17. QUESTIONS????????? ROTH IRA’S ANNUITIES AS A WAY TO PROTECT YOUR ASSETS WITH GUARANTEED INCOME HOW CAN THE BUSINESS OWNER PROTECT THEIR WEALTH AND MOVE FORWARD?

18. Resources Handouts www.360financialliteracy.org www.picpa.org