Tag: Tax Planning
Advanced Tax Strategies for Californians (Ep. 6)

Advanced Tax Strategies for Californians (Ep. 6)

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Do you know the secrets to flourishing financially in California’s complex economy?

Join us for the latest episode of California Wealth Warriors as host Ray Olmo, a devout advocate for wealth preservation, takes you on a deep dive into effective wealth management strategies for business owners and high-net-worth individuals in California.

Joined by tax professional Tom Barber, Ray explores a range of crucial topics – from innovative asset protection and estate planning to cutting-edge tax strategies. Their conversation brings to light real success stories and case studies, proving California’s enduring status as a hub for business and investment.

Key Highlights:

  • Unlocking California’s Wealth Opportunities: Learn how California’s challenging tax and legal environment is filled with hidden opportunities for wealth growth and preservation
  • Advanced Tax Strategies: Gain essential insights on complex tax planning techniques vital for wealth retention among California’s affluent
  • California PRPI and Trusts: Dive into the effectiveness of trust structures and the California Private Retirement Plan (PRP) in the unique Californian market
  • Diverse Income Tax Mitigation: Discover tailored tax mitigation strategies for various income types that can significantly reduce tax liabilities
  • Proactive Capital Gains Tax Planning: Uncover the importance of proactive capital gains tax planning, a critical element in business transactions for maximizing tax savings
  • Customized Financial Planning: Realize the limitations of one-size-fits-all solutions and the need for personalized financial planning
  • And much more!

 

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Advanced Retirement Planning for Californians (Ep. 5)

Advanced Retirement Planning for Californians (Ep. 5)

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What do California’s wealthy know about retirement planning that you don’t? 

Ready to find out?

Dive into the specialized world of retirement planning for California’s high net worth individuals and business owners in this episode of the California Wealth Warriors Podcast. Host Ray Olmo is joined by Phil Koehler, a seasoned professional in retirement plans and employee benefits, for an essential discussion that’s a must for anyone managing wealth in California.

Key Highlights:

  • Empowering California’s Entrepreneurs: Explore Ray Olmo’s passionate journey to empower Californian entrepreneurs and small business owners, uncovering unique strategies to navigate the state’s distinct business landscape
  • Phil Koehler’s Holistic Wisdom: Dive into Phil Koehler’s extensive experience in retirement planning and discover his comprehensive approach to weaving retirement plans into broader financial strategies
  • Redefining Retirement for High Earners: Venture beyond traditional 401(k) plans with our experts. Uncover how tailored retirement strategies can better serve California’s high earners and business owners
  • Confronting Industry Oversights: Engage in a thought-provoking discussion about the financial industry’s blind spots, particularly how they fail to meet the unique needs of business owners, underscoring the urgency for customized financial guidance
  • Decoding Non-Qualified Retirement Plans: Gain insights into the complex world of non-qualified retirement plans, their benefits for high earners, and the critical understanding of their limitations and risks
  • CPRP: A Financial Fortress: Discover how the California Private Retirement Plan (CPRP) emerges as a critical tool for asset protection, especially during economic uncertainties
  • Synergizing Retirement Strategies: Learn the art of integrating various retirement plans to meet the specific needs of high net worth individuals, a strategy essential for sophisticated wealth management
  • Crafting a Secure Retirement Blueprint: The episode concludes with Ray and Phil distilling their combined expertise into vital strategies for a secure, personalized retirement, tailored to individual risks and aspirations
  • And much more!

 

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Connect with Phil Koehler: 

 

About Phil Koehler:

Phil Koehler brings a wealth of knowledge in retirement plans and employee benefits, backed by his legal expertise and experience in law and accounting firms. He specializes in comprehensive financial planning and asset protection strategies, focusing on the unique needs of California’s high earners and business owners.

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Entity Tax Planning for California Businesses (Ep. 3)

Entity Tax Planning for California Businesses (Ep. 3)

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How do you protect and grow your wealth in California? 

Ray Olmo, the voice of the California Wealth Warrior Podcast, teams up with tax expert Ed Cotney from Olympus Tax to unveil the secrets of wealth management in California. Together they dive into the intricate relationship between business entities, trusts, and effective tax planning, offering a wealth of knowledge for those within or aspiring to join the ranks of California’s financially savvy.

Key Highlights:

  • Trusts and Business Entities Combined: Discover how the California Private Retirement Plan Trust and smart use of corporations and LLCs can safeguard your assets and provide significant tax benefits
  • Mastering Business Growth Challenges: Ed Cotney brings to light the complex tax realities in California, emphasizing advanced financial strategies crucial for business expansion and success
  • Wealth Maximization Tactics: Learn how high-income business owners can benefit from C corporations for optimal tax planning and wealth preservation
  • Steering Clear of Legal Traps in Business Structure: Understand the importance of accurate business entity structuring and explore the Management Services Organization (MSO) for robust legal protection and compliance
  • Securing a Legacy: Explore key strategies in estate planning and structuring businesses for effective generational wealth transfer
  • And much more!

 

Connect with Ray Olmo: 

Connect with Edward Cotney: 

About Edward Cotney:

Edward Cotney is the founder and principal at Olympus Tax, Business and Insurance Solutions, Inc. and author of Tax Secrets Made Simple. He hails from Alabama (Roll Tide), earned degrees in Physiology and Aviation Management and served active duty in the US Air Force for twenty years before retiring in 1998 in Northern California. 

Ed graduated from the prestigious Professional Mentoring Program in Franklin, Indiana, where he became a Family Wealth Counselor in 2000.  Working as a strategy and tax designer, he applied this practical knowledge to helping families implement advanced strategies to significantly reduce taxes, increase income and make a difference in the world.  He also completed the Business Enterprise Institute program to become a Certified Exit Planner.

Lauded for making the complex simple to understand, Ed is well known for providing continuing education classes to professional advisors across the nation. Some of those lectures can be found on YouTube. Ed is a popular speaker and participates in radio programs on the topic of Maximum Tax Control. Ed and his wife Laura reside in Northern California. Laura is an elementary school principal, and they have two grown children. Ed and Laura enjoy water and snow skiing, camping, flying, parachuting and losing golf balls.

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Mission: Protecting Californians Wealth from Lawsuits & Taxes (Ep. 2)

Mission: Protecting Californians Wealth from Lawsuits & Taxes (Ep. 2)

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Do your assets have iron-clad protection?

Let’s unravel the intricacies of asset protection and tax planning in the Golden State with Ray Olmo. In this sophomore episode, Ray emphasizes the importance of proactive financial planning, especially for business owners, entrepreneurs, and real estate investors, highlighting the need for early and strategic actions.

Key Highlights:

  • Explore the essential roles of tax planning and asset protection in growing your wealth
  • Navigate through California’s complex legal landscape
  • Understand the importance of a multi-advisory approach in managing wealth
  • Gain insights into California’s unique homestead exemption laws and understand the limitations of IRA and life insurance protections
  • Discover the California Private Retirement Plan (PRP) – a unique tool for asset protection, particularly beneficial for small business owners and entrepreneurs
  • Learn about the structure of effective asset protection: a layered approach with trusts, entities, and assets
  • Leverage California’s high-risk environment for tax benefits
  • Realize the PRP’s advantages in re-characterizing private assets for retirement, offering significant protection from creditors
  • And much more!

 

Resources:

Connect with Ray Olmo: 

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