Tax Planning – March to a Million

Defined Benefit Plans: A Secret Weapon for Small Business Owners with Brad Barlow (Ep. 39)

By March to a Million | December 18, 2024

What if your financial future could change in ways you never imagined?

In this episode, Greg DuPont sits down with Brad Barlow, an actuary and “secret weapon” for business owners. They delve into the world of defined benefit plans and how these often-overlooked tools can be game-changers for people who’ve built a thriving business and now find themselves catching up on retirement savings. Greg and Brad explore the surprising flexibility and potential tax benefits these plans offer, particularly for small business owners and independent contractors. Learn how Brad transitioned from a Fortune 500 consultant to a specialized advisor helping folks maximize their retirement savings quickly and efficiently. This episode digs into specifics, including the mechanics of plan setup and the financial advantages that come with savvy retirement planning.

Greg and Brad discuss:

(5:12) How defined benefit plans can be beneficial for business owners
(8:20) Recent changes in pension law that benefit smaller plan sponsors
(12:45) The interplay between investment strategies and contribution limits
(24:20)Unique applications of defined plans for diverse professional profiles
And more

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Connect With Brad Barlow:

About Our Guest:

Bradford Barlow, Jr., FSA, EA

With over 20 years of experience as a successful actuary and retirement plan consultant, “Brad” Barlow is well-versed in the financial services industry.

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The Fifth Pillar of Financial Advocacy: Wealth Transfer (Ep. 9)

By MarchToAMillion | October 11, 2023

Safeguarding assets and ensuring their seamless transition to future generations has never been more crucial.

That is where the role played by estate planning attorneys becomes more important than ever.

In this episode, Greg DuPont explores the fifth pillar of financial advocacy: Wealth Transfer. He emphasizes the importance of attorneys in preserving, protecting, and transferring assets, particularly in the face of potential wealth confiscation. Greg also touches on the need for attorneys to help with tax planning and protection against market losses, and the value of life insurance.

Greg discusses:

The role of estate planning attorneys in wealth transfer
The potential confiscation of wealth and the need for attorneys to be the last line of defense in protecting and preserving assets
Roth conversions, market loss protection, and the value of life insurance as a way to help clients preserve and protect their assets
The three secrets of wealth transfer
A case study demonstrating the value of proactive estate planning and highlighting the importance of being a true advocate for clients
And more!