LIFETIME PARADIGM, INC.

Are you familiar with Mega Backdoor Roths? It’s a strategy that allows certain individuals, who would otherwise be ineligible to contribute to a Roth account due to income or contribution limits, to transfer certain types of 401(k) contributions into a Roth account—such as a Roth IRA or Roth 401(k). Learn more about it here AND check your eligibility >>> https://lnkd.in/g_w3pEu4

Join Us at Mark Kohler’s Next Tax & Legal 360 Event!   Connect with tax professionals and legal experts who are passionate about helping clients save big! Whether you're looking to expand your knowledge or simply network with like-minded pros, this event is the perfect place to be.   Why Attend? It’s like joining an exclusive club—professionals who live and breathe tax strategies and who are eager to see you succeed. This event offers the ultimate opportunity to learn cutting-edge strategies to grow your practice and save your clients millions.   Event Details: Location: The Scott Resort & Spa, Phoenix, Arizona 📍🏜️ Dates: December 4th - 7th 📅 Special Host: The #1 Tax & Legal expert in the country, Mark J. Kohler   Special Discount Code: Use our discount code and receive 10% off your ticket, “dec24lifetime10”   Don’t Miss Out! This is your chance to gain valuable insights, meet new people, and take your practice to the next level—all while enjoying the luxury of The Scott Resort.   We can’t wait to see you there! #taxandlegal360 #taxplanning #taxprofessionals #financialconsulting https://lnkd.in/er-Cdn22

As the year comes to a close, we’re excited to share a valuable tool to help you wrap up your financial planning. It’s called the 2024 Last-Chance Financial Planning Checklist—a quick and easy way to assess if any key actions are needed before the year ends. Checklist >>> https://lnkd.in/g3dFjgdd We call this a “Last Chance” checklist because it helps you review important items that might need attention before year-end. It’s essential to revisit these topics annually to ensure you’re staying on top of any changes in your life. Here are 8 critical areas to consider: ·     Taxes ·     Retirement ·     Investments ·     Insurance ·     Milestones ·     Health ·     Changes ·     Family This simple checklist only takes a few minutes to complete but can provide invaluable insights. We recommend sitting down with your family to go over it, and afterward, reviewing it with your advisor to make sure you’re set for the upcoming year. If you have any questions or need assistance with the checklist, we’re here to help. Please don’t hesitate to reach out. To a strong financial finish for 2024! #financialindependence #financialplanning #retirementplanning

Planning for Retirement? Don't Forget About Health Care Costs! 🩺💰 As you prepare for retirement, building a comprehensive budget is key—and health care expenses should be front and center. Here’s a quick guide to help you get started: 1️⃣ Monthly Premiums: Medicare Part A is free, but you’ll still have monthly premiums for Part B and private insurance (like prescription drug plans or Medigap policies). Don’t forget the income-related adjustments if you earn above certain thresholds! 2️⃣ Out-of-Pocket Costs: Factor in deductibles, co-payments, and services Medicare doesn’t cover (like dental or vision). If you have a chronic condition, these costs can add up fast! 3️⃣ Monitor & Adjust: Keep track of your health care spending, and don’t hesitate to shop around for services or negotiate prices. Every dollar saved counts! 📊 Start planning today to make sure your retirement plans are on track. #RetirementPlanning #HealthcareBudget #Medicare #FinancialWellness #RetirementReady #financialindependence https://lnkd.in/gzx7JbTY

Your family’s wealth encompasses much more than just money. You may be surprised at some of the documents we recommend to protect your family’s real wealth, when it comes to estate planning and generational wealth transfer. In our latest newsletter, we discuss 6 documents that are crucial for protecting your wealth and ensuring the harmony of your family. #estateplanning #generationalwealth #legacyplanning #financialplanning #financialindependence https://lnkd.in/gEXnXRzw

🎙️ New Podcast Episode Alert! I am excited to announce the latest episode of the Financial Independence Now podcast: "Budgeting for Dummies." In this episode, I dive into one of the most crucial yet challenging aspects of financial planning – budgeting. I introduce a practical strategy to simplify the process, known as the "false scarcity" method, and explain how to categorize expenses into essentials and lifestyle. 🔑 Episode Highlights: -The challenges of budgeting and how to overcome them -The "false scarcity" method explained -Differentiating between essential and lifestyle expenses -Practical steps to start budgeting effectively -The 20-30-50 rule for savings, taxes, and spending Listen in as I break down essential expenses into six categories: food, shelter, clothing, healthcare, transportation, and taxes. I also share insights on setting aside savings and managing payroll taxes, making budgeting manageable even for those who find it daunting. Whether you're struggling to keep your finances in check or looking for ways to optimize your spending and savings, this episode offers valuable tips and a straightforward approach to help you gain control over your budget and move closer to financial independence. 🎧 Tune in and take the first step towards a more organized and stress-free financial life. #FinancialIndependenceNow #Podcast #Budgeting #FinancialPlanning #FalseScarcity #PersonalFinance #NewEpisode https://lnkd.in/gxCCwvvY

It’s your LAST CHANCE to attend The 11th Self-Directed IRA! Secure your spot NOW for The 11th Self-Directed IRA Summit in Dallas, TX, happening this week, April 19th-20th! Don’t miss the chance to network with fellow investors, explore self-directing strategies, and gain insights from industry experts. Use my discount code LIFETIME50 during checkout and get $50 off your ticket! But hurry, seats are dwindling, and this is your FINAL opportunity to be part of this event. Visit www.sdirasummit.com to grab your ticket NOW.  #TaxTips #BusinessBasics #EntrepreneurLife

2024 has brought some big tax changes with it. It’s essential to stay informed about these developments to ensure compliance and make the most of available opportunities. If you have any specific questions or concerns related to these subjects or any other tax matters, please don’t hesitate to reach out to our team. We are here to assist you. #taxplanning #taxstrategy #taxoptimization #financialindependence #financialplanning https://lnkd.in/gMQii-5x

Attention crypto investors and traders! New tax reporting requirements are on the horizon for digital asset transactions, including Bitcoin, NFTs, and Stablecoins. Congress is pushing the IRS to crack down on unreported gains, meaning more oversight for brokers and platforms. Starting in 2025, digital asset brokers must file Form 1099-DA, detailing sales proceeds, basis, gains, and losses. This includes entities facilitating digital asset sales, like trading platforms and payment processors. These reporting rules aim to simplify tax filing and deter tax evasion. With 8 billion new Form 1099-DAs expected annually, the IRS will have more oversight than ever. If you want to discuss your crypto activity or the proposed regulations, please contact us and we will be happy to help. #CryptoTax #IRSRegulations #taxplanning https://lnkd.in/gpJMGcth

The 11th Self-Directed IRA Summit is next month in Dallas, TX from April 19th-20th, 2024! Wondering why you should attend? ●     Gain expert insights on self-directed plans and how to maximize alternative asset opportunities. ●     Master tax and asset protection. ●     Utilize Self-Directed Roth IRAs for tax-free generational wealth building. ●     Simplify control and investment transactions with an IRA/LLC. ●     Dive into real estate investments and strategies from experienced investors. ●     Expand your knowledge of IRA rules and prohibited transactions. ●     Uncover Solo 401(k) benefits. ●     Learn from real-world case studies. ●     Elevate your investment strategies and network with like-minded attendees Space is limited, so make sure you grab a ticket today at www.sdirasummit.com For those who live out of state and can’t attend the live event, consider the Virtual Pass option. You will get full video access to the entire Summit including all presentations AND, you will get 6 months of access to all recordings. Don’t forget to use our discount code LIFETIME50 to get $50 off your ticket purchase.