Frontier Wealth Strategies LP

"They say two things in life are certain: death and taxes. But here’s the twist — we’re here to master one of them!" One of our co-founders, Michael B. Hansen, M.S., CFP? attended the Hawaii Tax Institute Conference, diving deep into the world of tax strategies, estate planning, and wealth management. This conference brings together top experts from around the globe to explore cutting-edge solutions in tax law and financial planning. With a focus on helping families and businesses navigate complex financial landscapes, Michael gained invaluable insights to enhance our offerings. Stay tuned for updates—we’re bringing back the best tips and strategies to help you thrive, no matter what the taxman throws your way! #Taxes #Leadership #Education

Integrating life insurance into your retirement plan can offer benefits like tax advantages and estate planning opportunities. For those nearing retirement, understanding how life insurance can complement your retirement strategy is crucial. ?? Tax Advantages Certain life insurance policies offer tax-deferred growth on cash value, and the death benefit is typically tax-free for beneficiaries. This can help you manage your tax burden in retirement and enhance your overall financial strategy. ?? Estate Planning Life insurance can provide liquidity to cover estate taxes and other expenses, ensuring that your retirement savings and other assets are preserved for your heirs. This helps in creating a smoother transfer of wealth. ?? Income Replacement If unexpected events occur, life insurance can replace lost income, ensuring that your retirement plan remains intact and your loved ones are financially supported. ?? Supplemental Retirement Income Some life insurance policies offer the option to access cash value for supplemental retirement income. This can provide an additional source of funds during retirement, offering more flexibility in your financial planning. Integrating life insurance into your retirement plan helps in managing taxes, preserving your estate, and providing financial security. It enhances your overall strategy, offering additional layers of protection and flexibility. #RetirementPlanning #WealthPreservation

With your children grown and more time on your hands, now is the perfect moment to reassess your financial plan. Roth Conversions can help you manage future taxes and enhance your financial health during this exciting new phase. Here's how: ? Tax-Free Future Withdrawals: Pay taxes on the converted amount now, so your future withdrawals are tax-free, giving you flexibility and predictability. ? Financial Security: Secure your financial future with tax-free withdrawals, allowing you to enjoy travel, hobbies, and other priorities. ? Optimize Savings: Strategically manage your retirement income and expenses, maximizing your hard-earned savings. ? No Required Minimum Distributions (RMDs): Roth IRAs have no RMDs, giving you more control over your withdrawals and financial strategy. ? Legacy Planning: Provide your heirs with tax-free benefits and maximize your estate's impact. Let’s explore how a Roth Conversion can fit your new lifestyle and financial goals. #SelfCare #FinancialPlanning #RothConversion #WealthyWomen #FrontierWealthStrategies

Ready to Live Your Best Years? ?? Planning for your best years! A time long-awaited– implementing certain strategies can help you maintain the lifestyle you've been living. As you approach a time of greater personal freedom and reduced work commitments, you’re entering a phase where your financial strategy needs to support not just your needs, but your dreams. With more time to focus on what you want, it’s crucial to ensure your financial plan allows you to maintain the lifestyle you’ve worked so hard to create. Roth Conversions can play a key role in achieving this. By converting to a Roth IRA, you pay taxes on the converted amount now but enjoy tax-free withdrawals during retirement. This means you can maintain the lifestyle you have built with a predictable income, free from the concern of how taxes may affect your savings. A Roth IRA is also one of the best ways to Preserve your hard-earned wealth! You have worked your whole life to get to this point, and this is just one of the strategies we can implement to ensure that. This phase of life is about embracing change and celebrating the freedom you've earned. A well-planned Roth Conversion can give you the peace of mind and financial stability to make the most of your newfound time and opportunities. Let’s create a tailored Roth Conversion strategy that aligns with your vision for these exciting years, ensuring your financial plan supports the lifestyle you’ve worked so hard to achieve. #FuturePlanning #FinancialAdvisor #RothConversion #wealthbuilding #wealthywomen #frontierwealthstrategies

Now, as in right now, might be the best time to convert.

When it comes to maximizing your retirement, Life Insurance may not be the first thing that comes to mind. The truth is, it can be a valuable part of your overall plan. Let's dive into it... As you approach retirement, having spent years building wealth and supporting your family, it’s crucial to ensure your retirement plan provides both financial security and peace of mind. Incorporating life insurance into your retirement strategy can be a key component in achieving this. Here’s how life insurance can enhance your retirement plan: ??Tax-Free Growth Life insurance policies with a cash value component can grow tax-free, adding another layer of financial security to your retirement. This means you can have access to additional funds without impacting your taxable income. ??Estate Planning Benefits Life insurance can be a strategic tool in your estate planning, providing a tax-free inheritance for your heirs and ensuring that your wealth is preserved for future generations. ??Financial Security and Peace of Mind With a well-structured life insurance policy, you can secure your retirement income and protect against unforeseen circumstances. This offers peace of mind, knowing that your financial legacy and loved ones are cared for. ??Flexibility in Retirement Life insurance provides flexibility, allowing you to manage your retirement savings while knowing you have an additional safety net. This helps you enjoy your retirement years without financial worry. As you transition to this exciting new phase, let’s explore how integrating life insurance into your retirement plan can offer both financial benefits and peace of mind, supporting the lifestyle you’ve worked hard to create. ?? Visit https://lnkd.in/eBgdKF_V to book a consult with me! #RetirementStrategy #LifeInsurance #FinancialSecurity

Did you know that only 33% of the global population is considered financially literate? Financial literacy is a fundamental skill that every child should acquire before reaching adulthood. The lack of financial literacy not only impacts individuals but society as a whole, leading to worsened well-being. Recognizing this critical need, our Managing Partner and certified financial planner, Michael B. Hansen, has decided to take action by sharing his expertise with parents. By addressing this issue head-on, we aim to empower families to tackle financial literacy challenges effectively. Do you want to enhance your child's financial literacy?? Or do you know someone who would benefit from diving into this important topic? Join us in equipping the next generation with the knowledge and skills they need for financial success. ? Subscribe to Michael’s newsletter “Raise Financially Astute Kids” ?? Link below Play the long game! #Education #Children #Parenting #Money #Mindset #FinancialLiteracy?

We have been talking about Roth Conversions for Expats a lot this month – from possible challenges to overall wealth planning strategies and estate planning. There are so many ways Roth Conversions can be of benefit to you when used the right way. You may have noticed we’ve touched on the topic of retirement as well, so let’s dive a little deeper into how Roth Conversions can maximize your retirement. ?? Tax-Free Growth Roth IRAs allow your investments to grow tax-free. Unlike traditional IRAs, you pay taxes on the converted amount upfront, but your money grows without additional tax on the gains. This can significantly increase your retirement funds over time. ??Tax-Free Withdrawals Once you reach retirement, you can withdraw from your Roth IRA without paying any taxes. This provides a predictable income stream and helps manage your tax liability in retirement. ??Why does this matter for Expats? ?? Global Asset Optimization As an expat, you may have assets in multiple countries. Roth IRAs can simplify tax planning by providing a tax-free growth vehicle, helping you manage your global investments more effectively. ?? Currency Flexibility Roth IRAs can be beneficial if you're dealing with fluctuating currencies. Converting to a Roth IRA means your investment growth isn’t affected by future currency changes, offering more stability. ?? Strategic Retirement Planning Roth Conversions can align with your long-term retirement goals, especially when managing assets across borders. They provide a clear advantage by avoiding future taxes on withdrawals and offering growth potential. In Summary Roth IRAs can greatly enhance your retirement strategy with tax-free growth and withdrawals. For expats, they offer a way to optimize global assets and navigate currency fluctuations effectively. #RetirementPlanning #WealthBuilding

???? Should People with Temporary Visas Invest in the US? Michael B. Hansen, M.S., CFP? says "Absolutely, yes!" ? If you're on a temporary visa, you may be wondering if it’s worth investing in the US stock market. Here’s why I say it is: many individuals with temporary visas eventually convert them into green cards, and green cards can lead to US citizenship. The earlier you start investing, the better it will be for your financial future. Don’t miss out on one of the strongest stock markets in history. Just look at the last 20 years — the US stock market has consistently offered growth opportunities. Even if you’re unsure about your long-term plans in the US, your financial strategy should include it. With the dollar being strong, this only adds to the potential benefits. If you want personalized guidance on investing as an expat or immigrant, Michael is here to help. Whether you're planning to stay in the US for a while or for good, your investments here can become a crucial part of your financial portfolio. Let's discuss strategies tailored to your situation. #FinancialPlanning #Investing #Visa #Migration

Have you discussed your emotional attachment to money? In a couple, money can mean very different things depending on personal experiences and backgrounds. Some people see it as a safety net, while others view it as a tool to simply make more. These differences can stem from education, upbringing, or even how much poverty they experienced in the past. Take this couple I know: the husband makes big money and his mindset is simple — I’ll make more, don’t worry about what we spend. He grew up knowing how to generate wealth, so spending doesn’t stress him out. For him, it’s about abundance. His wife, however, grew up poor, and despite their 25 years of financial security, she still squirrels away money, fearful that one day it might all disappear. It’s crucial to understand each partner’s emotional attachment to money. Financial planning isn’t just about numbers; it’s about navigating each person’s unique relationship with money. One partner may be comfortable taking risks, while the other prefers to save and hold on tightly to what they have. Knowing this can make all the difference in how you approach money as a team. So, what’s your relationship with money, and how is it shaping your financial decisions? Address a certified financial planner who puts your interests first and asks the right kind of questions. #Couples #FinancialPlanning #Money