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Tax Law Changes for 2023
Tax Law Changes for 2023

Tax Law Changes for 2023

{2 minutes to read} In the beginning of the year, we try and create a communication to all of our friends and clients, and people we know, about what changes are taking place from a tax perspective. There are lots of changes every January, and this year is no exception.

Each year, […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2023-04-24T16:25:27+00:00April 4th, 2023|Blog, Estate Planning, Financial Planning, Tax Planning|0 Comments

Estate Planning — The Use it or Lose it Scenario
Estate Planning — The Use it or Lose it Scenario

Estate Planning — The Use it or Lose it Scenario

{3 minutes to read} Today, I want to reflect on some of the issues about estate planning based upon our current estate tax rules. Under the Trump Administration, the estate tax rules were changed very liberally to allow people to give away a tremendous amount of money, creating great opportunities to transfer wealth to the […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2023-04-04T14:55:35+00:00March 30th, 2023|Blog, Estate Planning, Financial Planning, Tax Planning|0 Comments

Long-Term Care Insurance in Your Future — Whether You Want it or Not!
Long-Term Care Insurance in Your Future — Whether You Want it or Not!

Long-Term Care Insurance in Your Future — Whether You Want it or Not!

Long-term-Care continues to be a relevant subject matter for people who are about to retire. Recently, the state of Washington enacted legislation where the citizens of the state now have an additional 2% payroll tax without any limits. So, if you make $100,000 a year, you would have $2,000 taken out of your […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2023-03-27T15:29:36+00:00March 24th, 2023|Blog, Financial Planning, Long Term Care Insurance|0 Comments

Insurance Planning: a Possible Tool and Strategy to Overcome Inflation
Insurance Planning: a Possible Tool and Strategy to Overcome Inflation

Insurance Planning: a Possible Tool and Strategy to Overcome Inflation

{4 minutes to read} At the time of this blog, we are heading toward the end of 2022, and what was a financially challenging year for people, especially as inflation has reared its head. People are concerned about the ever-increasing cost of living as things have gone up quite a bit in the […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2023-03-23T17:33:26+00:00March 14th, 2023|Blog, Estate Planning, Insurance Planning, Retirement Planning|0 Comments

A New Kind of Life Insurance
A New Kind of Life Insurance

A New Kind of Life Insurance

{5 minutes to read} Today, I want to talk about a new life insurance product that has recently come out called a 12 Pay Whole Life Contract. In the illustration attached, you’re going to see $100,000 contributions going in for a 45-year-old individual for 12 years. This is a permanent life insurance policy that can […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2022-12-15T11:46:41+00:00December 15th, 2022|Blog, Estate Planning, Financial Planning, Insurance Planning|0 Comments

Annuities and How They Can Fit into Your Retirement Plan
Annuities and How They Can Fit into Your Retirement Plan

Annuities and How They Can Fit into Your Retirement Plan

{9 minutes to read} What seems to be top of mind for many people my age (I’m 61 years old), is retirement planning and the effect of inflation and market volatility. How are people going to navigate this difficult period that we’re going through? There is a lot of fear on the street with inflation […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2022-11-28T16:20:56+00:00November 28th, 2022|Blog, Financial Planning, Retirement Planning|0 Comments

The Permission Slip
The Permission Slip

The Permission Slip

{3 minutes to read} With all the volatility in the market and a lot of fear on the street with recession and inflation, some basic financial planning concepts may serve to help some of the readers today.

There is a concept I learned about 20 years ago called The Permission Slip, built around the idea of […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2022-10-17T16:23:32+00:00October 17th, 2022|Blog, Estate Planning, Retirement Planning|0 Comments

iCLAT Interview w/ Brad Gornt – Part 2
iCLAT Interview w/ Brad Gornt – Part 2

iCLAT Interview w/ Brad Gornt – Part 2

{12 minutes to read}

Michael Fliegelman:

We are back again for Part 2 of our discussion about Roth conversions and how to offset the income tax generated by that conversion. We are here with Mr. Brad Gornto, who can help in this kind of charitable planning. And Brad, in Part 1 of our discussion, you […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2022-10-31T10:36:53+00:00October 15th, 2022|Blog, Estate Planning, Financial Planning, Tax Planning|0 Comments

iCLAT Interview w/ Brad Gornto
iCLAT Interview w/ Brad Gornto

iCLAT Interview w/ Brad Gornto

{8 minutes to read}

Michael Fliegelman:

Previously, we discussed in detail, qualified plans — IRAs, 401(k)s, pension plans — and how these may be great tools to accumulate wealth, which is like the first chapter in financial planning. Chapter 2 is when we hit retirement age and take a distribution, and Chapter 3 is wealth […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2022-10-31T10:36:45+00:00October 1st, 2022|Blog, Estate Planning, Financial Planning, Tax Planning|0 Comments

Retirement Planning Risks
Retirement Planning Risks

Retirement Planning Risks

{1:00 minute to read} In mountain climbing, the goal for most people is to get to the top. The challenge, however, is that once you are at the top, you need to make it back down to the bottom. In the 2015 movie Everest, which documents an expedition by a group of climbers, getting down the […]

Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC Founder / President, Strategic Wealth Advisors Network (631) 262-9254 Connect with me Follow me on Michael@SWANWealth.com www.SWANWealth.com Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.

By Michael Fliegelman|2022-06-30T18:01:29+00:00June 30th, 2022|Blog, Retirement Planning|0 Comments