Phillip Wasserman, Author at Phillip Roy Financial Services

Income From Trusts

How much income can you receive from a CRT or PAT? That depends. With a CRT, for example, your income will be based on the amount of income your assets generate while inside the CRT, as well as the “payout percentage,” or the size of the payments you choose to receive. The IRS requires CRTs […]

Deferred Retirement Accounts

      DEFERRED RETIREMENT ACCOUNTS:  IRA’s , 401K’s, 403B’s, 457’s  At 70 ½ You Have To Take RMD – Required Minimum Distribution. As You Get Older Your RMD Will Continue To Go Up. Many People Don’t Want Or Need Their RMD, But You Are Required To Take It Out And Pay Taxes On It. This Results In […]

Don’t Die With an Annuity! – Phil W.

Subject: Don’t die with an Annuity Case Study # 1 Recently John S. died with an annuity worth $417,000. His initial investment was $305,000. The money went to his trust. The ordinary income taxes were over $64,000! 40% OF THE PROFIT! Yet it’s so easy to fix this tax monster. If you have an annuity […]

“Variable Annuities.”

Alan Haft describes a few words on variable annuities. Alan Haft is one of Phil Wassermans partners and is an industry leader when it comes to retirement planning. Variable annuities are sometimes confused with a fixed annuity with a variable rate but don’t let the similar names confuse you. This is an entirely different annuity […]

“Secrets of Income Investing;” written by Alan Haft… Chapter One

Phil Wassermans Partner, Alan Haft, has written another amazing book on income investing. The book called “Secrets to Income Investing” has many educational facts that retirees much know. Chapter one preview: “The Shift Toward Retirement.”   “Even if you aren’t there yet, you can be certain that at some point in your future you will […]

Choosing the Right Stock Type

If you are using software that allows you to buy stocks, or don’t have much contact with a stock broker or retirement planner, then you may not realize there are three main types of stock. Today, many people mistakenly believe that they must either invest directly in companies or opt for mutual funds. In most […]

Don’t Forget To Insure Your Investment

Have you ever hated paying your car insurance bill? Did you wind up in a crash that would have cost you several thousand dollars and you only had to pay less than a thousand to get out of the whole mess? If so, then you may realize the benefits of having insurance. Unfortunately, when people […]

End Your Tax Traumas With Tax-Free Wealth Transfer

Do you curse up a storm each time you get paid, and have to look at those disgusting boxes that reveal 1/3of your salary got deducted for taxes to pay for policies you don’t agree with? Do you spend hours working a job you can’t stand, in conditions that make you sick just so that […]

Phillip Roy Financial Services Long Term Retirement Plans

Retirement planning is for the long-term. Don’t be concerned with short-term bumps in the road. Trust your financial planner to manage any bumps in the road, and never take advice from non-professionals about money. Friends, relatives, and neighbors don’t have years of experience and education to backup their recommendations. Your financial planner has spent a […]

Phillip Roy Financial Services Introduces Comprehensive Financial Planning

To keep your retirement funds safe, you need to have a comprehensive financial plan, which will be there for you when you retire. Your funds need to make money for your retirement, allow you easy access when needed, create wealth and lower your tax consequences. Look toward saving money on fees and taxes, by keeping […]