Tag: Tax Efficiency

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How to Use Leverage to Create Generation Wealth (Ep. 133)

How to Use Leverage to Create Generation Wealth (Ep. 133)

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How can you create a legacy that spans generations?

Join financial experts John and Michael Parise of Copper Beech Financial Group as they delve into the concept of leveraging assets to build and sustain generational wealth. This episode explores the strategic use of financial instruments like IRA accounts and life insurance to enhance family wealth and legacy planning. Discover how asset leverage can support tax-efficient growth and provide long-term benefits for your family’s financial future.

Key discussion points include:

  • The role of leverage in real estate and other assets to boost family wealth [00:02:40]
  • Leveraging IRA assets for generational wealth goals amid changing tax laws [00:04:33]
  • Strategic gifting and using life insurance for tax-efficient wealth transfer [00:08:00]
  • Creating an estate bank for future generational use and asset protection [00:17:43]
  • Employing business strategies for succession and leveraging corporate assets [00:29:26]
  • And more!

Connect with John and Michael Parise:

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Increasing Tax Efficiency and Asset Protection Through MSOs with Doug Dickey (Ep. 123)

Increasing Tax Efficiency and Asset Protection Through MSOs with Doug Dickey (Ep. 123)

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How can Management Services Organizations (MSOs) enhance tax efficiency and asset protection for businesses?

Today on The Truth About Wealth, John and Michael Parise welcome back Doug Dickey, CPA, CEPA, Manager, and Shareholder at DRDA, PLLC, for a conversation about the intricacies of management services organizations (MSOs). 

Doug provides a comprehensive explanation of MSOs, detailing their origins in asset protection and their evolution to include tax efficiency and increased purchasing power. He also emphasizes the importance of proper entity structuring to safeguard assets and avoid piercing the corporate veil. 

Key points include:

  • What are Management Services Organizations (MSOs)
  • The use of MSOs in tax efficiency and asset protection
  • IRS’s perspective on MSOs and creative ways clients can use MSOs for tax and cash flow advantages
  • Advantages of using a C corporation structure for real estate ownership
  • The importance of working with the right team
  • Estate planning concepts and transfer of wealth for multiple generations using C corporations
  • And more!

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