August 2022 高通胀低股指的时期,看看老牌的人寿保险公司推出的增值产品长得什么样?
主讲人:丁博士,中金投行,美林财管,纽约人寿,南开校友😊
August 2, 2022 Meeting Recording: https://us02web.zoom.us/rec/share/JI0CiiZE43u696NMEa5eQRL7G-1mIHd6lj99SKb963kLRDX77vJDLFeryd8Hch27.L4T5ghhcc6k4tKxm
Access Passcode: DingNYL0822!
1. Dr. Ding stressed the importance of knowing yourself and your family: income stability, family stability and health stability
2. New York Life released three products that fit into different age group and financial need people: (1) Custom Whole Life with premium deposit account; (2) Secure Term Choice Fixed Annuity; and (3) IndexFlex Variable Annuity
3. Financial products require your knowledge, patience and peacefulness. Seek professionals for advice. Measure three times and cut once!
August 2022: CAPA-MC Smart Tax Workshop - Tax Documentation to Reduce Audit Risk
Meeting Recording:
https://us02web.zoom.us/rec/share/pUwwL6UkLXdJdeXiW3SWVDNP3JKXrhR53sAhydoIXDIXBeRPXxryNBJqtwsPfvkW._jiU_RUirbPVO3X6
Access Passcode: CAPAMC0809!
1. We discussed the audit risk red flags (income, effective tax rate, and overstating expenses)
2. I demoed schedule C expense
3. Contact me for Schedule C, Schedule E and FAFSA/CSS template
August 2022: CAPA-NoVA workshop: How to invest in college town real estate? By Dr. Thomas Forbang.
1. Recording is available at CAPA-NoVA membership zone
2. Location location location: large university; large hospital and military base
3. Magic lease contract: student/parent cosign to lease the whole house
4. Townhouse >> SFH >> condo
5. Upgrade and update to reduce the headache
6. Do not kill the golden egg laying duck (if the house is self-sustainable, keep it, even if your child graduates from that college)
7. Steve Jobs — "Don’t educate your children to be rich, educate them to be happy so they know the value of things and not the price.”
8. Mae West — ‘You only live once, but if you do it right, once is enough.”
9. Thomas — "You can never be happy if you are unhealthy."
10. Thomas can be reached at thomas.forbang@gmail.com
Stay smart; stay sharp.
Coach Mike, CFP, CPA, CFA, EA
August 2022: CAPA-NoVA workshop: How to obtain the IRS enrolled agent (EA) license? Workshop recording is viewable from the CAPA-NoVA membership site.
1. The 87,000 new IRS hires will partially backfill retirees, expand IT / op functions and the newly added auditors will be much fewer than that number.
2. EA license provides many benefits and conveniences to us, such as (1) a federal level license trumping all state level; (2) virtual earnings opportunity to do federal tax return or tax planning nationwide; (3) the one of the three licenses (tax lawyer or CPA) that can defend client in front of the IRS (much more lucrative than tax return job); (4) set up an tax advisory LLC to absorb up to $5,000 set up cost; (5) hire your children to do chores and IT work (set up minor Roth IRA, my big favorite!); (6) deduct business expenses, home office, supplies, laptop, iPhone, etc.; (7) do your own family / friend taxes and save $$$ for them for generations; (8) low entry level requirement (no green card, no SSN, no accounting background, no college degree: no problem); and many more
3. EA licensing steps include (1) PTIN (IRS Form W-12); (2) three parts of EA exam (see CAPA-NoVA membership site to download three sets of study materials); (3) practice exam questions and pass the SEE exams via Prometrics; and (4) continual education.
Be financially prepared, financial shielded and financially smart.
Coach Mike, CFP, CPA, CFA, EA (help@smart1040.us; 703-606-0270)