Critical Capital Mass

Critical Capital Mass

A worksheet to determine how much in unnecessary income taxes you are paying

This spreadsheet is most helpful to business owners who have control of their 401(k)/Profit Sharing/Defined Benefit plan(s) or business owners who use or can use captive insurance companies (both qualified plans and CICs) help business owners significantly reduce their annual income tax liabilities.

Learning From Numbers

What does the final number calculated above tell you?

It’s telling you that “if” you implemented a tax-deductible plan to build wealth, you would have saved that much in income taxes in the year calculated.

What kind of plan could be used to reduce your annual income taxes?

IRA or 401(k) plan for individuals.

If you are a business owner, you could implement a defined contribution plan or a defined benefit plan and make sizable tax-deductible payments to these plans.

Advanced Tax- Planning

While it’s easy to say that a business should implement a retirement plan so the owner(s) can reduce their annual income taxes, it’s not that simple.

The first question that needs to be answered is whether a tax-deferred plan is a good idea. For many (those 55 years old and younger) it may makes more sense to pay taxes on income and use a tax-free wealth building tool such as Retirement Life to build wealth. Click here to learn how to create a tax-free retirement.

If it is determined that a tax-deductible plan is the best way to grow wealth, it is imperative for the business to design a plan that “legally” discriminates in favor of the business owner.

We help our business owner clients by using the best qualified design team in the industry. In addition to creating designs that benefit the business owners, the firm we use is one of the only ones who can administer a 401(h) Plan (the only tax-free qualified plan).

Creative Solutions

Our goal for each client is to bring all our recourses to bear in an effort to give time-tested solutions for today and beyond.

Professional Team

Our affiliates span the financial landscape. We want to always use client first solutions no matter where we need to turn.

Diverse Approach

We don’t believe in the sales culture, but instead we believe in the service culture. Our approach is to dig in and get to the core issues.

Our Approach

We always start with people. Business is driven by human behavior. We take a human-centered design approach to portfolios and wealth planning. Through observation, learning, and immersive research we are able to roadmap solutions that work for our clients.
This is where we bring the design a financial life for our clients. We go to great lengths to uncover and alleviate stumbling blocks that could interfere with successful implementation. Our 360-degree focus on customers and tech-agnostic approach allow us to develop flexible solutions that scale with business needs.
Papers, graphs, charts don’t amount to much without proper implementation. We take the time to carefully and thoughtfully see our plan put to work. The end goal is to have a wealth accumulation as well as a wealth preservation strategy.

Time to Think About Your Finances!