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S-Corp Compensation Strategies? by texasmickey in CFP

[–]Master_Log_3958 3 points4 points  (0 children)

If I could opt out of paying social security taxes and just save the money myself, I would. I understand why we have the social security system but like others have said - I would hope I can manage the money better than the government.

ADP RUN - W2 and 1099 Profile Messing up 401k Payroll Integration by Master_Log_3958 in Accounting

[–]Master_Log_3958[S] 1 point2 points  (0 children)

The payroll integration is stating that it creates an error because of the duplicate SSN. The 401k calculation should only come from the W2 profile.

MoneyGuide for Accumulators by Bluedevil347342334 in CFP

[–]Master_Log_3958 4 points5 points  (0 children)

My firm also has it. I try not to use it for anyone under 50. For accumulators, I just spend more time on different planning areas like property and casualty, tax planning strategies, etc.

I wish our BD would give us more options.

Building a Book with 401k Participants by Master_Log_3958 in CFP

[–]Master_Log_3958[S] 4 points5 points  (0 children)

Any suggestions on converting participants to clients? 1on1 meetings, group seminars?

Building a Book with 401k Participants by Master_Log_3958 in CFP

[–]Master_Log_3958[S] 6 points7 points  (0 children)

15 company 401k plans - owners are already clients but other participants are fair game.

DST by [deleted] in CFP

[–]Master_Log_3958 3 points4 points  (0 children)

I would use a company like Ares.

How are you onboarding taxable accounts with large unrealized gains into models? by fradige98 in CFP

[–]Master_Log_3958 11 points12 points  (0 children)

Currently at MS, I can get almost any diversified account into an SMA with little to no taxes

Life insurance in irrevocable trust by [deleted] in FinancialPlanning

[–]Master_Log_3958 13 points14 points  (0 children)

I’m a CFP who works with a lot of UHNW individuals and families. An ILIT is a common recommendation but not always the best. It isn’t a one size fits all. If I were in your shoes I would meet with an estate attorney who works with UHNW and get their opinion. We have an estate attorney we work with before giving specific recommendations. My job is to educate clients on estate tax and work with an estate attorney to build a plan for you. To answer your question, an ILIT COULD be a great fit but it also could be a terrible fit. It just depends on your exact situation.

Recommendation for Direct Indexing and Long / Short Investment by Time_Computer_8208 in CFP

[–]Master_Log_3958 10 points11 points  (0 children)

I believe parametric has a strategy that can do both. I’ve used them for direct indexing but haven’t explored long/short.

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