“Single Biggest Benefit in the Tax Code” [transcript of Ed Slott tax advisor speech] Let’s switch gears to another way to eliminate huge taxes: life insurance. Just so you know I say it on every program, I do not sell life insurance, I do not sell stocks, bonds, funds, annuities. I am a […]
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Kelm Financial Services – Example Case Company History Smith Plumbing Company was founded in 1951 by Bob Smith, Sr. When his son Bob Smith, Jr. graduated from high school he joined his father in the family business. Bob Smith, Jr, worked his way up from laborer to Master Plumber gradually taking over as President […]
Kelm Financial Services – Example Case Background Mr. Smith, a 48 year old business attorney with an annual income of $280K, had recently become a partner in his law firm. The partnership bonus was expected to pay him an additional $20 – $25K per quarter (after tax) above his $300,000 salary. He was in […]
Kelm Financial Services – Example Case Background: Mr. and Mrs. Smith, ages 67 and 68, are planning to retire within the next 5 years. As part of their estate planning, they had recently sold off several investment real estate holdings. The largest remaining real estate investment was a ranch located near Comfort, Texas, about […]
Kelm Financial Services – Example Case – Architectural Firm (Note: Names have been changed to protect confidentiality) Background: ABC Architectural Designs, Inc. was founded in 1991. Several years later the founder brought on two other architects who then become partners. The firm was very successful and grew rapidly. At the time that they were referred […]
Tax-Efficient INCOME PLANNING!
The New Tax Laws WILL AFFECT you now and in Retirement!!!!! Affordable Care Act
Your Income Taxes/Capital Gains (DOUBLE TAXATION) Can be your Biggest Annual Expense
Do you believe tax rates are going up in the future?
Are you concerned with the thought of out living your Money?
How much income […]
Charitable Giving Strategies
We use the approach that sharing your wealth involves both current and future gifts. The giving of current gifts allows you to enjoy watching the impact of how your gifts are of benefit, and the lives that are being changed. What a wonderful way to set an example of giving back for […]
Retirees Need Less Stocks, More Annuities
RETIRING: Retirees Need Less Stocks, More Annuities By Robert Powell, A DOW JONES COLUMN Retirees should invest just 5% to 25% of their portfolios in stocks, or at least that’s the case for those whose primary goal is to minimize the risk of running out of money and sustaining […]
Life Insurance Policy Audits Unlocking the “Mystery” of life insurance:
The majority of our prospective clients typically have some form of life insurance in place before we meet them. At Kelm Financial Services, we provide complimentary, objective Policy Audits to help prospective clients, advisors, trustees and other fiduciaries evaluate their existing life insurance coverage relative to […]
Executive Bonus Plans for Business Owners
Tax Advantaged Plans for Key Employees – Starting with the Business Owner
Who are the “Key Employees” in a Business?
- Experienced Managers
- Employees Who Are Critical to the Success of the Business and Would be Difficult to Replace
How Does the Business Owner Benefit from Executive Bonus Plans?
- Allows the Owner(s) to Reap the Rewards […]