Latest Posts

Doctors: This Retirement Plan Option Could Eliminate Your Tax Burden

by Mario Yngerto on Oct 23, 2017

Medical professionals

MIAMI/CORAL GABLES, FL -- There are more than 800,000 active physicians in the United States. If you’re one of them, you’re likely focused on what’s good for the heart or mind or one of the 206 bones in the human body. But what are you doing to take care of your wallet and your future? More to the point, how, in 2017 and beyond, are you going to dramatically reduce income taxes, save for retirement and achieve asset protection?

The answer is simple, but likely something that’s never been discussed with you before: A Defined Benefit Plan. Also known as a pension plan.

Dynasty Trusts: Leaving a Perpetual Financial Legacy

by Mario Yngerto on Oct 23, 2017

Medical professionals

MIAMI/CORAL GABLES, FL – Dynasty isn’t just a television show from the 80s. It’s a legacy and estate planning mechanism generally used by wealthy families to protect multi-generational assets. Known as Dynasty Trusts, these vehicles all in-perpetuity protection of assets long after the benefactor (and even the beneficiary) of those assets has passed on.

What Is A Dynasty Trust?

Physicians: Asset Protection

by Mario Yngerto on Oct 23, 2017

Medical professionals

MIAMI/CORAL GABLES, FL – Physicians have long been the target of attorneys seeking an easy payday for their clients. As litigation and settlements increased in the earlier part of the 2000s, so too did malpractice insurance premiums, which can range from $20,000 to $200,000 annually. One study notes that 10 cents of every patient dollar goes towards malpractice insurance payments. There are approximately 85,000 malpractice lawsuits on average each year in the U.S. and the general trend has been a year-over-year rise in suits filed.

Doctors: What Type of Life Insurance Makes Sense for You and Your Family?

by Mario Yngerto on Oct 20, 2017

Medical professionals

MIAMI/CORAL GABLES, FL – As a physician you take an oath to do no harm, but what if, forbid, some harm comes to you someday? How will you protect your family?

This harrowing question leads to a more practical one: what immediate steps should you take to best protect your family? And, with all the different types of insurance available, what’s the best product? 

President-Elect Trump and Your Wallet

by Mario Yngerto on Oct 2, 2017

Medical professionals

CORAL GABLES, FL – In January we will swear in a new president, Donald J. Trump. Many thought it could not happen, but with the reality here, that means those that care about their wallet must take heed.

In this piece we’ll briefly unpack a few of the major changes that a Trump presidency could bring and how that affects your financial planning. Here are the main highlights and what you need to know:

Tax Brackets

What Does NBA Basketball Have to Do With Investor Behavior?

by Mario Yngerto on May 26, 2016

Behavior Biases, Behavioral Economics, Behavioral Finance, Investor Behavior

If you like NBA basketball as I do, then you know that the Golden State Warriors are a world class organization —defending NBA Champions, clinching a historic 73 game win season this year. Their assortment of basketball talent seems endless, led both by the league’s unanimous MVP, Stephen Curry, as well as by Steve Kerr, ­an outstanding coach by any measure.

Estate Planning

by Mario Yngerto on Oct 29, 2014

estate planning, simple trusts, living trusts, irrevocable trusts, genesis wealth management

Your estate is your property and your debts -- in other words, your net wealth. Estate planning is a way to help control and manage your estate during your lifetime and after you die. Although you "can't take it with you," you can certainly take steps to get maximum benefit from your assets now and decide how they will be used later. With an estate plan and different types of trusts, you can be certain how your wealth will be distributed after you're gone, but you can also lower your tax bills and reap other financial benefits while you're still alive.