The Money Club

David Belisle discusses how increased taxes in retirement could be an even worse problem in the future. David discusses the reasons, including the national debt, certain bills that could expire, RMDs, Social Security taxes, and healthcare premiums. And David lays out how he and the Paramount Financial team can do a complimentary look at someone’s retirement plan to help make it as tax-efficient as possible. He also talks abou...

David Belisle discusses the types of retirement accounts that can lead to major tax implications in retirement. David describes how this problem is only getting worse over time and how the national debt ties into this. He also describes several different methods that he and the Paramount Financial team use to help people move money from taxable buckets before retirement.

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David Belisle talks about tax efficiency. David explains the thresholds within the standard deduction and taxable income that can lead to someone potentially (and legally) paying zero federal income tax. David walks through why this is more important now than ever and the myths that some people have about taxes in retirement.

Call Paramount Financial today at 978-406-9137 to discuss retirement strategies and get walk through the &l...

David Belisle talks about the questions people should consider when planning their lifestyle in their retirement years. David defines this process and shares what calculations and tools he and his Paramount Financial team can make during this discussion – and how each person’s case is specific. He also shares the biggest misconception he has seen people have about their retirement. And David discusses his desire for war...

David Belisle discusses the roller coaster that is happening in the stock market and why people’s best decisions are not made when they are freaking out. David shares how this is the first down market in a long time and how this correction is inevitable. He speaks to the behavioral coaching he has to give in his job and explains both the insurance-based (annuities) and equities-based (dual-directional notes, buffered vehicles...

David Belisle discusses how converting traditional retirement accounts to Roth accounts the wrong way can negate their benefits. David shares how mistakes can hurt someone’s tax bracket (and increase their taxes), can raise the Medicare premiums, and how some advisors have incentive not to share these dangers with people. David tells a story of a client who got slammed with taxes by doing this the wrong way and how Paramount ...

David Belisle talks about the intersection of taxes and investments this tax season. David outlines three areas where people can end up paying more taxes on their investments than they expect – interest, dividends, and capital gains – and how Paramount Financial can help minimize those tax burdens. David also shares about being a hockey referee and the beating he takes on the ice for fun.

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David Belisle discusses a lesser-known financial tactic: structured notes. David defines the two types – income note and growth note – and how they work. He also explains how they can gain value whether the market goes up or down. And David explains the difference in these structured investments between buffers and barriers.

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David Belisle talks annuities, including why they have such a bad rap. David defines what annuities are and the different types. He also explains the many pros of having annuities – protected against market downturns, care coverage, and tax benefits - along with a specific instance when annuities are not beneficial. David also talks about the latest with his favorite Boston sports teams.

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David Belisle discusses inflation for retirees. David describes how inflation can be handled like a tax and how certain retirement counts are not the best for handling inflation. David explains how Paramount financial runs test for clients on how long their money will last and the benefits of starting investment and retirement planning earlier in life. And David recalls a big holiday celebration his family hosted, including a ginge...

In this episode of The Money Club Podcast, David Belisle discusses the importance of tax planning, especially for retirees. They emphasize the difference between tax preparation and tax planning, highlighting the proactive strategies that can help individuals manage their tax liabilities effectively. The conversation delves into the significance of distribution strategies for retirement accounts, the implications of Required Minimu...

In this episode of The Money Club podcast, David Belisle discusses the current financial landscape as it relates to the recent presidential election and the upcoming tax season. They explore the implications of political changes on market behavior, the importance of proactive tax planning, and strategies for navigating investments in uncertain times. David emphasizes the need for managing expectations and understanding the true rat...

David Belisle defines what investment advisors and retirement planners do and why both should have influences on a person’s assets. David explains how Paramount Financial does both and the things that people often fail to consider when planning retirement. David also talks about working to get his instrument rating as a pilot and a scenic flight he and his wife took to New York.

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In this episode of The Money Club, David Belisle delves into the complexities of Required Minimum Distributions (RMDs) and their implications for retirement planning. David shares his personal journey as a pilot and wealth management professional, before transitioning into a detailed discussion about RMDs, including their purpose, tax implications, and strategies for effective management. The conversation highlights common mistakes...

In this episode of The Money Club, David Belisle discusses the intricacies of retirement planning, focusing on the differences between qualified and non-qualified money. He explores how understanding these concepts can impact financial strategies and the importance of aligning spending habits with retirement goals. David emphasizes the need for personalized financial planning and the role of professional guidance in navigating thes...

David shares his background and journey to becoming a financial professional. He discusses his childhood dream of becoming a stuntman, his early entrepreneurial ventures, and his experience in real estate development. He also talks about the 2008-2009 financial crisis and how it led him to focus on helping others with their finances. David emphasizes the importance of viewing money as a tool and not the ultimate goal, and he shares...

David discusses the emotional impact of stock market fluctuations and how it affects retirement planning. He addresses the misleading headlines and clickbait tactics used by the media to grab attention. David emphasizes the importance of having a risk-first approach and setting realistic expectations for market volatility.

David also highlights the role of a financial advisor in guiding clients through uncertain times and helping...

David discusses retirement accounts, specifically focusing on the 401k. He explains how a 401k works, the benefits of contributing to one, and the different ways to withdraw from it.

David makes the distinction between a traditional 401k and a Roth 401k, as well as the importance of tax planning in retirement. The conversation emphasizes the need to consider taxes when making investment and distribution decisions, as they can sig...