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John Martin, with Compass Wealth Strategies Interviewed on the Influential Entrepreneurs Podcast Discussing Business Tax Strategies

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John Martin, with Compass Wealth Strategies Interviewed on the Influential Entrepreneurs Podcast Discussing Business Tax Strategies

Published on September 8, 2023

John Martin discusses Business Tax Strategies: Increasing Income and Lowering Expenses.

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-john-martin-with-compass-wealth-strategies-discussing-business-tax-strategies/

Clients can achieve a close to zero percent tax bracket in retirement. John Martin emphasizes the importance of having the right amounts in tax-deferred, taxable, and tax-free accounts to contribute to this goal. He points out that many individuals have the majority of their assets in tax-deferred accounts, which can result in surcharges that significantly reduce social security benefits. Therefore, it is crucial to address this issue and carefully analyze the positioning & distribution of assets. This issue arises due to the IRMAA surcharges, which are additional Medicare premiums for higher incomes. Since these premiums are paid from social security benefits, a substantial increase in Medicare premiums can lead to a reduction or even elimination of social security income.

To mitigate this issue, the episode suggests diversifying assets into tax-free accounts, such as Roth IRAs, do not count as taxable income and can help minimize the impact of IRMAA surcharges. Another option mentioned in the episode is the strategic use of properly designed life insurance. By ensuring the right distribution of assets across tax-deferred, taxable, and tax-free accounts, clients can potentially achieve a close to zero percent tax bracket in retirement.

Overall, the episode underscores the role of large deductible contributions to retirement accounts, along with a properly structured life insurance policy to pay for the ultimate taxes on distributions, and emphasizes the significance of seeking proper guidance to access these opportunities. By considering the different tax advantages and implementing strategies such as purchasing life insurance with tax-deductible dollars in a deductible CASH BALANCE /Profit Sharing Planes, clients can optimize their tax situation.

John explained: “We serve our clients best by providing comprehensive Financial, Estate, and Retirement Planning, through the prism of uninterrupted growth strategies along with protecting their assets while mitigating taxes.”

About John Martin

Hard-working business owners and Professionals shouldn’t have to forfeit paying unnecessary taxes while working and especially during retirement.

John Martin, CEP, RFC, IAR of Advanced Tax Planners started his career 27 years ago as an independent financial advisory & wealth management firm in New York.

He has served the business community by providing tax reduction strategies, along with creating, protecting, and preserving his client’s wealth for their families.

John integrates education with holistic financial planning as the foundation for building real Financial Independence more rapidly, especially when taking advantage of all the tax reduction methods the tax code allows.

Each client can expect the highest level of integrity and confidentially working together to design and implement the right strategies to best achieve their individual goals and aspirations, and to control their financial life.

John is based in Western New York and married to his wife Kit. They have a son and a granddaughter Emma. He enjoys time with family, reading, golfing, and traveling.

Learn More:
https://www.compasswealthstrategies.net & https://redwoodtaxadvisor.com

Financial Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation. Separate from the financial plan and our role as a financial planner, we may recommend the purchase of specific investment or insurance products or accounts. These product recommendations are not part of the financial plan and you are under no obligation to follow them. Investment Advisor Representative offering Independent Investment Management utilizing Tactical Active Management through Redwood Private Wealth, SIPC.

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Landed For Success Showcases Inspiring Stories By Dr. Tom Chesser Achieving #1 International Bestseller Status In Canada, United States, Mexico, Europe & Asia

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Landed For Success Showcases Inspiring Stories By Dr. Tom Chesser Achieving #1 International Bestseller Status In Canada, United States, Mexico, Europe & Asia

Published on January 19, 2024

The primary goal of Dr. Tom Chesser is to inspire readers to embark on their journey to Success. Each story shared in the series serves as a source of motivation, offering valuable insights & lessons that can be applied to all aspects of life.

Landed for Success is a collection of stories celebrating the triumphs and resilience of individuals from all walks of life. Founded by Jey Jeyakanthan and Gordon So, the series has gained international recognition; with the first three volumes reaching international bestseller status in multiple countries, including Canada, the United States, Mexico, Europe & Asia, Landed for Success has become a source of motivation and guidance for those seeking their path to Success. They are inspiring readers across the globe.

With the upcoming release of volume four, Landed for Success, Untold Stories, the founders and authors continue to share their experiences and insights, encouraging readers to embark on their journey to Success. These books remind readers that Success knows no boundaries and that anyone can achieve greatness with determination and perseverance.

Dr. Tom Chesser’s Insightful Contributions:

One of the authors featured in the Landed for Success series is Dr. Tom Chesser, who shares brilliant stories; in the Landed For Success Book titled “Going From Burnout To Victory,” Chapter 16: Finding The Superhero In You – Dr. Tom Chesser wrote, “We all have a time in our lives when things have happened that we did not ask for or expect. It is not what happens to you in life; how you react to what happens to you that counts the most. I genuinely believe there is a superhero in each of us with superpowers that no one else has. We all face a time of Burnout. Only when we realize that our lives matter and our story can we make a difference; then, we can see our actual God-given superpowers. Yes, people will face adversity, and villains will try to steal your superpowers. Some might be your friends, family members, or business relationships. However, you never know when all that could turn around and become a blessing in disguise. So, let’s find the Superhero in you and work together to save the World!”

Dr. Chesser understands that Burnout is real and that everyone’s mental wellness is being challenged daily. Chesser hopes people come along this journey with the 19 authors from Volume Two, “Landed for Success, Untold Stories, From Burnout to Victory.” They look forward to hearing about other people’s victories and how they have Landed for Success.

In the third edition, Landed For Success Untold Stories, Dr. Chesser shared “Lessons Learned From the Inside The Cockpit Of An Airplane.” Dr. Chesser’s story offers a unique perspective on Success, drawing parallels between the cockpit of an airplane and the challenges individuals face in their personal and professional lives. If an individual could ever climb into the cockpit of an airplane, they would see many gauges and instruments. One of these instruments is known as the “Attitude Indicator.” Its purpose is to let the pilot see the aircraft’s orientation and position to the earth’s horizon. It indicates whether the plane is level or turning left or right and whether it’s gaining or losing altitude. So basically, the “Attitude Indicator.” of the airplane will determine its performance. Chesser’s emphasis is placed on how a person’s attitude can affect their altitude. Chesser even quotes Zig Ziglar: “It’s your attitude, not your aptitude, that will determine your altitude.”. Chesser believes that a person’s thoughts lead to actions, actions lead to habits, habits lead to character, and character develops a person’s future.

Landed for Success has invited Dr. Chesser to contribute to volume four, titled Landed for Success, Untold Stories, which promises to be another insightful addition to the collection. Dr. Chesser’s mission is to inspire others to participate in the Landed for Success stories.

The primary goal of Landed for Success is to inspire readers to embark on their journey to Success. Each story shared in the series serves as a source of motivation, offering valuable insights & lessons that can be applied to all aspects of life. By showcasing the experiences of immigrants and individuals from diverse backgrounds, the books emphasize the universal nature of Success and the potential for achievement regardless of one’s starting point.

The Success of the Landed for Success series is evident through its international recognition. The first three volumes have achieved #1 International Bestseller status in Canada, the United States, and Mexico and International Bestseller status in numerous other countries worldwide. This global recognition highlights the universal appeal of the stories shared within the books, resonating with readers from different cultures and backgrounds.

The books are available for purchase on Amazon to make these inspiring stories accessible to a broader audience. Readers can easily find volumes one, two, and three of Landed for Success, with volume four, Landed for Success, Untold Stories, soon to be released. By making the books readily available, the founders aim to reach as many individuals as possible, providing them with the inspiration and guidance to pursue their path to Success.

Dr. Tom Chesser, from Rise Up Media & Marketing, teaches people how to leverage PR, Media, and Marketing to grow a business.

To learn about Landed for Success, visit https://www.landedforsuccess.com

To connect with Dr. Tom Chesser, call 210-289-5996 or email him at riseupmediamarketing@gmail.com

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Bob Chitrathorn Renews Membership with the Financial Services Institute

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Bob Chitrathorn Renews Membership with the Financial Services Institute

Published on January 18, 2024

FSI Advocates for Main Street Americans’ Access to Objective, Affordable Financial Advice

Corona, Ca – Local financial advisor Bob Chitrathorn, of Wealth Planning by Bob Chitrathorn of Simplified Wealth Management, today announced he has renewed membership with the Financial Services Institute (FSI) in Washington, D.C. FSI advocates for Main Street Americans’ access to objective, affordable financial advice, delivered by a growing network of over 37,000 independent financial advisor members.

“I am proud to renew my membership with FSI, an organization that works hard every day, to protect my clients’ access to quality financial advice,” said Bob Chitrathorn. “FSI helps educate elected officials and regulators on what Americans need from financial advisors and how the industry works with clients to secure their financial futures. They also help ensure that I can continue to offer my clients the advice they need.”

“We are very pleased to have Bob Chitrathorn renew their membership,” said FSI President & CEO Dale E. Brown. “Our advocacy is only as effective as our engaged members. And conscientious advisors like Bob Chitrathorn help bring real-life experience to our efforts. We plan to continue to work closely with Bob Chitrathorn as we advocate for independent financial advisors and the hard-working clients they serve.”

Bob Chitrathorn’s practice offers many services to help take planning to the next level. He has been an independent advisor for 19 years and is affiliated with LPL. Bob Chitrathorn is also active as a Forbes Finance Council Member

More information on Bob Chitrathorn’s practice can be found at www.planwithbob.com

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is an organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, the Financial Services Institute (FSI) has had a clear mission to ensure that all individuals have access to competent and affordable financial advice, products and services delivered by a growing network of independent financial advisors and independent financial services firms. For more information, please visit financialservices.org.

— END —

Financial Advisor Membership is a paid membership open to any FINRA, SEC or state-licensed individual partner, director, officer, employee, or independent contractor of a retail broker-dealer or investment advisor (RIA). 

Bob Chitrathorn is a registered representative with, and Securities and Retirement Plan Consulting Program advisory services are offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. Other advisory services offered through Mariner Independent Advisor Network. Mariner Independent Advisor Network, Wealth Planning by Bob Chitrathorn, and Simplified Wealth Management are separate entities from LPL Financial. 

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Ryan Quante, Founder of Care Income Advisors, Interviewed on the Influential Entrepreneurs Podcast Discussing Dementia Care

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Ryan Quante, Founder of Care Income Advisors, Interviewed on the Influential Entrepreneurs Podcast Discussing Dementia Care

Published on January 18, 2024

Ryan Quante discusses understanding dementia care options. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-ryan-quante-founder-of-care-income-advisors-discussing-dementia-care/

Long-term care planning is crucial for individuals with cognitive and mobility issues, such as dementia, Alzheimer’s, and other cognitive impairments. As mentioned in the episode, as people age, the likelihood of needing specialized care increases, making it essential to have a plan in place. Without a long-term care plan, individuals and their families may face financial insecurity and emotional stress.

Dementia is a progressive condition that can last from a few months to as long as 20 years. The impact of dementia on individuals and their families can be significant, especially for longer claims. Long-term care becomes a crucial aspect of providing the necessary support and care for individuals with dementia.

From a financial perspective, long-term care can be expensive. Planning and purchasing a long-term care policy can provide individuals with financial security and ensure that they are not a burden on their loved ones. In the episode, a client named Joe was mentioned as an example. Joe had purchased a long-term care policy and was able to secure a monthly benefit of $12,000, which helped cover the costs of his care.

Emotionally, long-term care planning also plays a significant role. Dealing with cognitive and mobility issues can be emotionally challenging for both individuals and their families. Having a plan in place can provide peace of mind and alleviate some of the emotional stress associated with these conditions.

Finally, long-term care planning also involves care coordination services. These services involve professionals who work with families to create and adjust care plans as the disease progresses. This ensures that the care being provided aligns with the current needs of the individual with cognitive and mobility issues.

Ryan explained: “I help families ensure they never have another sleepless night worrying about paying for their loved one’s care.”

About Ryan Quante

Ryan is a Certified Long Term-Care Insurance specialist and has helped clients, agents, & and attorneys find viable solutions to their LTC needs. For the past 8 years, he’s made it his mission to help as many people avoid spending down all their assets to pay for care as he can through creative planning strategies. Ryan resides in St. Charles, Missouri, and enjoys hockey, music, and his two dogs.

Learn More:
https://www.careincomeadvisors.com/

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