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Oct
06
Business Owner Article 3
As a Business owner, Do you need tax deduction as well as Insurance and Retirement benefits ? Then you would want to know how to use corporate dollars on tax advantage basis to protect your assets and family at the same time provide for Disability/Long Term Care, Retirement & ultimately provide for your spouse or business partner in the event of your premature death/disability! This could be setup through Hoss Financial that would have an impact in every phase of your life and Retirement! First when you look at the hierarchy of financial planning there are 5 levels that we cover when we design and recommend a Financial Plan, they are in the following order: Risk Management - Set up an umbrella coverage and proper insurance plans to...
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Jun
15
Your Government at Work
https://amz.wistia.com/medias/25jq1q52wn
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Nov
25
Comprehensive Financial Plan and Family Estate Organizer
Comprehensive Financial Plan and Family Estate Organizer BENEFITS OF FINANCIAL PLANNING The Importance of Having a Financial Plan Creating a financial plan helps you see the big picture and set long and short-term life goals, a crucial step in mapping out your financial future. When you have a financial plan, it's easier to make financial decisions and stay on track to meet your goals. Working with a financial planning professional can secure your financial wellbeing and give you peace of mind and help you reach financial planning success. When you look at the pyramid of financial planning there are 5 levels that we cover when we design and recommend our Financial Plans, they are in the following order 1.Risk Management - Setting...
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Oct
09
Women & Estate Planning Basics
October 07, 2015 An estate plan is a map that reflects the way you want your personal and financial affairs to be handled in case of incapacity or death. Use beneficiary designations, joint ownership, and wills and trusts to control the disposition of your property, so that you, rather than the state, determine who receives the benefit of your property. Women and Estate Planning Basics When it comes to estate planning, women have unique concerns. The fact is that women live an average of 4.8 years longer than men.* That's important because it means that there's a greater chance that you'll need your assets to last for a longer period of time and a greater need to plan for incapacity. It also means that you'll need to take...
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Sep
10
Worried about your investments? Here’s some advice
During times of market volatility, you need to stick to a solid investment plan. The market is on a volatility roller coaster again, and many average investors are caught somewhere between fear and panic. These are the days good, personal financial advice matters most. No robo adviser will keep you from selling at the worst possible moment, but a good financial adviser absolutely will (and just might encourage you to buy more when securities are on sale). How much is having access to financial advice saving the American public every year? There has been a great deal of focus recently upon the cost of financial advice to the exclusion of everything else. In fact, the Obama administration claims that conflicts of interest, claiming that...
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Jul
17
401K/IRA Disaster VS. Proper Planning
I’d like to tell you a story about Steve. Download "401K/IRA Disaster VS. Proper Planning" article here: http://hossfinancial.finlsite.com/advisorpdfs/252003/401K_IRA_Disaster_VS_Proper_Planning_.pdf
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Jul
17
Revealing 7 Ways to Maximize Social Security, Pension, 401K/403B, IRA Income & Lower Taxes!
Revealing 7 Ways to Maximize Social Security, Pension, 401K/403B, IRA Income & Lower Taxes!
The following link explains how to maximize your social security, minimize taxes and coordinate distributions from other investments such as your pension plans and 401(k) plans with social security income. https://hossfinancial.leadpages.net/ss-and-book-opt-in/
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Jul
09
Do you need tax deduction & benefits as a Business Owner
Do you need tax deduction & benefits as a Business Owner?  Then you would want to know how to use corporate dollars on a tax advantage basis to protect your assets and family and at the same time provide for Disability, Long Term Care, Education Planning, Retirement & ultimately provide income planning for your spouse or partner in the event of premature death! This could be setup through one product that would have an impact in every phase of your life that is approved by congress. Wow! This is a mouth full but it is certainly allowable and doable through Financial Planning and setting up a financial product that addresses all these benefits, which I am sure you agree are very important to the success of any business owner or key...
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Jul
09
How to convert 401K/403B or IRA Accounts to provide tax free income & death benefit for a Spouse as well as providing for Long Term Care!
Tax Qualified Investments such as IRAs & 401(k)s, are great for saving taxes during earnings years.  While they are great vehicles to save on taxes, many retirees’ find they may need to plan for income guarantees during retirement or they may want to pass on some of this money to their spouse or children tax free!  New “stretch IRA” rates have made it easier to reduce the immediate tax burden on these transfers at death but income tax on these transferred assets can eat up a substantial portion of the Investment! Following are two common alternatives: a)   If you would like to create tax free income the choice is to convert to a Roth IRA granted that you have losses or deductions to avoid paying the lump sum tax! b)  If you don’t...
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Jun
30
Retirement Income: Smart Tax Strategies
For many clients, the two most important sources of retirement income are Social Security benefits and distributions from retirement accounts, including required minimum distributions after age 70 ½. But these two present a tax challenge for advisors. The rules for calculating taxes on distributions from retirement plans are not the same as those for taxing Social Security. Withdrawals from employer retirement plans and IRAs are taxed as ordinary income, but Social Security benefits may or may not be taxable, depending on a few factors. Advisors must help their clients create a plan that will optimize both income sources in terms of benefits and taxes. Under the tax code, there are special rules for calculating the taxation of...
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Jun
29
Growing consumer demand for health care and Social Security advice
Report shows an opportunity for advisers with this expertise The financial planning industry is at a turning point in how to address Social Security and Medicare as part of overall retirement planning. Although numerous surveys have shown that more than half of retirees and pre-retirees expect health care and Social Security advice from their financial adviser, the percentage of advisers who are willing and qualified to offer this type of advice remains low. “This presents a major opportunity for advisers and firms that do offer this specialized advice to differentiate themselves and gain market share,” according to a new white paper produced by Senior Market Sales Inc., a national insurance marketing organization. “Those who continue...
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Mar
26
FINANCIAL INDEPENDENCE ON YOUR TERMS
If you like unbiased advice in regards to your overall financial concerns and making sure all the moving pieces work together, then you can follow the structured approach of a Comprehensive Financial Plan. A plan that will guide you toward financial independence! A professional financial planning practitioner will follow 5 easy steps to guide you from where you are to where you want to be. Most people want the peace of mind of knowing that: They have taken steps that will help them to not outlive their money. They like to protect and grow their assets they have worked hard for. They like to reduce their taxes and make sure their assets go to whomever they love (not the government)! You should be looking to find an advisor that...
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Mar
24
Retirement Withdrawal Rates
During your working years, you've probably set aside funds in retirement accounts such as IRAs, 401(k)s, and other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings into an ongoing income stream that will provide adequate income throughout your retirement years. Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out of your portfolio, whether from returns or the principal itself, is known as your withdrawal rate. Figuring out an appropriate initial withdrawal rate is a key issue in retirement planning and presents many challenges. Why is...
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Mar
11
Can I Set Up a Traditional IRA?
Almost anyone can set up a traditional IRA. The only requirements are that you generally must have taxable compensation (typically, salary or wages from your job) and be under age 70½ in order to put money into an IRA. Beyond that, the basic mechanics of setting up an IRA are pretty straightforward. An IRA is typically established with a bank, insurance or investment company, or other financial institution with an initial investment of as little as $50. It's as simple as picking an institution, completing the required paperwork, and making an opening deposit. The only potentially difficult steps are selecting specific investment vehicles to fund your IRA and designating your beneficiary.  You can contribute a total of $5,500 to all the...
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Feb
18
Dimensional Fund Advisors picks advisers, not stocks, and it works
With its data-driven models the company attracted third-most money in 2014 behind Vanguard and JPMorgan By Bloomberg News    When Molly Bernet Balunek expressed interest in putting money into mutual funds run by Dimensional Fund Advisors, she didn't know she was in for a rigorous courtship ritual.  Before getting the go-ahead to invest in Dimensional's products last year, Ms. Balunek, a financial adviser from Cleveland, had to submit to an interview, fill out a questionnaire and pay out of her own pocket for a two-day trip to Austin, Texas, where she listened to the company's executives explain how they do business. The process, which Ms. Balunek described as "intense," took about five months.  "It is a two-way evaluation process —...
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Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser. Insurance services offered through Hoss Retirement & Insurance Services, Inc. which is not affiliated with Woodbury Financial Services, Inc. Woodbury Financial Services Inc. does not offer tax or legal advice.



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Check the background of this financial professional on FINRA's BrokerCheck.