There aren’t many hiding places for your money today. We earn money, but the tax man just keeps coming from Federal, State, and Local levels.
When you’re running a practice, the Department of Labor, ERISA, and the IRS have given us a few tax management investment tools to defer the money before the tax man can get to it. You might be familiar with some of these plans, but there’s one in particular that caught us by surprise.
In this episode, you’ll learn from financial advisor, Brian J. Edwards, how a 401(k), Profit Sharing Plan (PSP), and a Cash Balance Plan can be combined to create a “secret sauce” that will put a lot of extra money in your pocket, build up your retirement assets, save the company taxes, and build years on a tax-deferred basis.
Brian Edwards has been a Financial Advisor with Morgan Stanley and its predecessor firms for his entire career, dating back to 1989. The success of his practice facilitated the formation of The Edwards Group at Morgan Stanley. Brian works with high net worth individuals, successful small business owners and navigates complex family wealth situations. He leads the team and guides overall investment strategy.
Brian has been recognized by Barron's Magazine as a Top 1,200 Financial Advisor, by The Financial Times as Top 400 Financial Advisors, and named to the Forbes Best-In-The-State Wealth Advisor list.
Contact Brian Edwards by phone at: 614-473-2401, or by email at: brian.j.edwards@ms.com for more information.
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Long in the Tooth provides non-clinical gems of wisdom for older dental practice owners. Learn more about this podcast at: longinthetooth.info