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Billy Amberg

Jun 26 min read

Financial Planning

Deferred Sales Trust Primer

Click here to talk to Bloomwood about your finances. Basics There's a useful tool that many asset owners leverage called a Section 453...

19 views0 comments

Harnessing the Benefits of Backdoor Roth IRA Contributions

Billy Amberg

May 134 min read

Financial Planning

Harnessing the Benefits of Backdoor Roth IRA Contributions

In the world of retirement planning, where tax efficiency and growth potential are paramount concerns, the Backdoor Roth IRA strategy...

8 views0 comments

The Hidden Costs: Administrative Fees in Retirement Plans

Billy Amberg

May 124 min read

401(k)

The Hidden Costs: Administrative Fees in Retirement Plans

As we navigate the complexities of investing and saving for retirement, it’s crucial to address a topic that often goes unnoticed yet...

9 views0 comments

Demystifying the Myths of 529 College Savings Plans

Billy Amberg

May 124 min read

Financial Planning

Demystifying the Myths of 529 College Savings Plans

When it comes to saving for education, 529 plans are a popular option, yet they are often misunderstood. Here, we dispel some common...

2 views0 comments

Billy Amberg

May 123 min read

401(k)

The 401(k) Needs to Evolve

As we navigate the complex landscape of retirement planning, it’s become increasingly clear that the traditional 401(k) plans, while...

9 views0 comments

Unlocking the Power of Deferred Sales Trusts: Mitigating Taxes on Major Asset Sales

Billy Amberg

May 54 min read

Financial Planning

Unlocking the Power of Deferred Sales Trusts: Mitigating Taxes on Major Asset Sales

What is a Deferred Sales Trust? For business owners and investors looking to sell highly appreciated assets like a company or real...

2 views0 comments

Navigating Complex Family Dynamics in Estate Planning: Strategies and Considerations

Billy Amberg

May 54 min read

Financial Planning

Navigating Complex Family Dynamics in Estate Planning: Strategies and Considerations

Estate planning is a crucial process that requires careful consideration, especially in families with unique dynamics and potential...

6 views0 comments

Maximizing Your Retirement Savings: The Role of Roth Conversions and the Guidance of a Financial Advisor

Billy Amberg

May 13 min read

Financial Planning

Maximizing Your Retirement Savings: The Role of Roth Conversions and the Guidance of a Financial Advisor

Introduction: As individuals plan for retirement, the concept of Roth conversions has gained increasing attention for its potential to...

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Exploring the Benefits and Mechanics of Direct Indexing

Billy Amberg

Apr 264 min read

Financial Planning

Exploring the Benefits and Mechanics of Direct Indexing

In the world of investing, where every penny counts and every strategy is scrutinized, direct indexing has emerged as a compelling...

7 views0 comments

Maximizing Returns: The Art of Tax Loss Harvesting

Billy Amberg

Apr 265 min read

Financial Planning

Maximizing Returns: The Art of Tax Loss Harvesting

Tax loss harvesting is a strategy employed by investors to optimize their tax liabilities while maintaining their investment portfolios....

17 views0 comments

The Intelligent Policyholder’s Guide to Life Insurance Liquidity

Billy Amberg

Apr 224 min read

Financial Planning

The Intelligent Policyholder’s Guide to Life Insurance Liquidity

Options for Withdrawing Cash Value When it comes to life insurance, the cash value of a policy is like a fine wine cellar. It’s been...

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Single w/ $7MM+ or Married w/ $14MM+? You might have a taxable estate soon.

Billy Amberg

Apr 83 min read

Financial Planning

Single w/ $7MM+ or Married w/ $14MM+? You might have a taxable estate soon.

1. What Is the Estate Tax? The estate tax, often referred to as the “death tax,” is a federal tax imposed on the total value of a...

81 views0 comments

Surprised with a tax bill? Update your withholdings.

Billy Amberg

Mar 73 min read

Financial Planning

Surprised with a tax bill? Update your withholdings.

In the realm of personal finance, few things cause as much anxiety as an unexpected tax bill. It’s a common scenario: you file your taxes...

27 views0 comments

Seize the Day: The Crucial Timing of Financial Planning

Billy Amberg

Mar 53 min read

Financial Planning

Seize the Day: The Crucial Timing of Financial Planning

Click here to talk to Bloomwood about your finances. When it comes to financial planning, the old proverb “better late than never”...

12 views0 comments

Billy Amberg

Mar 34 min read

Tax

Tax-Efficient Investing: Advanced

Click here to talk to Bloomwood about your finances. For investors who have already mastered basic and intermediate tax-efficient...

8 views0 comments

Billy Amberg

Mar 34 min read

Tax

Tax-Efficient Investing: Intermediate

Click here to talk to Bloomwood about your finances. In the realm of investment, optimizing for tax efficiency is a nuanced art that can...

3 views0 comments

Billy Amberg

Mar 34 min read

Tax

Tax-Efficient Investing: The Basics

Click here to talk to Bloomwood about your finances. Tax-efficient investment strategies are essential for both novice and seasoned...

9 views0 comments

Billy Amberg

Mar 36 min read

Tax

Understanding AMT

The Alternative Minimum Tax (AMT) is a parallel tax system designed to ensure that individuals, corporations, estates, and trusts that...

3 views0 comments

Tax Planning for High-Income Individuals: Maximizing Deductions and Credits

Billy Amberg

Mar 34 min read

Tax

Tax Planning for High-Income Individuals: Maximizing Deductions and Credits

Click here to talk to Bloomwood about your finances. In the labyrinth of tax regulations, high-income individuals often find themselves...

3 views0 comments

The Safer Harbor: Brokerage Accounts Beat Bank Accounts

Billy Amberg

Mar 34 min read

Financial Planning

The Safer Harbor: Brokerage Accounts Beat Bank Accounts

In the world of personal and business finance, the traditional advice has often leaned towards the perceived safety of banks. However, a...

18 views0 comments