Questar Capital Partners

Please read our press release on the launch of the Exit Planning Institute New Jersey Chapter! https://slprod.myclout.com/wvHQKyGu2N3vQeR

Many people end up having excess funds in their kids 529 accounts (scholarships, saved for a more expensive school, etc); now there is an interesting use of those funds instead of paying taxes and penalties to get the monies out of the 529. The Roth IRA option can grow into a substantial sum for retirement.

How to Convert a 529 Plan to a Roth IRA See if you’re eligible for this Secure 2.0 provision.

It's that time of year – baseball begins and your TAXES ARE DUE SOON!

Here is my article on the benefits of Roth IRA accounts – especially for young adults new in the working world!

If you can contribute the $6000 maximum (or parents able to gift to their adult children), they can get tax-deferred growth for 40+ years – and the amounts can be substantial if invested in growth-oriented investments.

Most of our young adults might roll their eyes at putting away money now for such a long time, but they will be happy they did! The tax deadline of 4/15 is the deadline for 2022 Roth IRA Contributions! https://sl.myclout.com/fe0d6ccc8434c46c

Planning for later in life is becoming more and more important. Many of us have had friends and relatives that need care by either having nursing help at home or a move to assisted or independent living. We have always spoken to clients about having this insurance as it's an essential part of your long range plan.

The High Cost of Waiting to Plan for Long-Term Care | ThinkAdvisor People in their 40s tend not to think much about this topic, but they should.

The baby boomer business owners need to make a decision on the longevity of their business – who will run it, how to get liquidity, and family commitment. Complicated decisions require putting the right team in place.

The biggest mistakes owners make when selling their business There's a lot at stake for an entrepreneur when they sell their business, as 80% to 90% of owners have their financial wealth locked up in their companies.

The ability to gift has increased limits in 2023 up to $17,000 per person. Which means a couple can gift family members, friends, and their kids up to $34,000 as a couple without tax ramifications.

What's the Gift Tax Exclusion for 2023? Plan on giving cash or property to family or friends? Keeping it below the annual gift tax exemption can help you save both time and money.

The new SECURE 2.0 will provide a bump to “catch-up” contributions for different types of retirement plans, which will allow those over 50 to stash more money in their 401(k)s, IRAs, and other tax-advantaged retirement accounts. Read more about some of these changes.

Catch-Up Contributions to Retirement Accounts Boosted By SECURE Act 2.0 Americans approaching retirement age can now squirrel away more money in IRAs, 401(k)s, and other retirement accounts.

Business owners should really be thinking about their exit strategy several years before they want to leave. It’s a complicated decision that encompasses truly retiring, family, and the potential need for liquidity.

Tips to Create an Exit Strategy You don't go into business planning to get out – but you should. Find out why an exit strategy is important and how to create one.

Should you prioritize your future or your child’s? When your budget necessitates that you choose between contributing to your retirement account or your kid’s college fund, here’s how you can think about your decision.

The College Question When the cost of college threatens retirement, how do you break it down?

The Biden Administration just announced its intent to implement a new student debt forgiveness program. While it’s clear that those with outstanding student loans will benefit, the ripple effects of widespread debt forgiveness might not be seen immediately. Here’s what this program could mean for investors.

What Does Student Loan Forgiveness Mean For Investors? The Biden administration has just a few days left to extend the student debt moratorium or let borrowers restart payments.

Of all the costs associated with supporting a family—food, housing, day-to-day expenses—your kids’ education may well end up being the most significant. Check out these different tax breaks you can utilize to help pay for college.

Tax Breaks to Help You Pay for College | Kiplinger Everyone knows education is pricey and getting pricier. But not everyone knows about the tax relief available at all stages.

Having an exit strategy in place—even if you’re not planning to step away anytime soon—can go a long way toward ensuring a smooth transition for you and your business when the time comes. This guide can help you get started.

Start Your Planning Your Exit Strategy Now With These 4 Tips The benefits of mapping an exit strategy sooner rather than later and four helpful methods to help get founders started.

The newly introduced College Savings Recovery Act could be a gamechanger for those looking to fund their child's education. It is never too early to start, especially in times such as these when young parents and grandparents have the opportunity to fund a long-term investment when the market is on sale.

New Bill Could Make 529 Plans A No-Brainer Recently introduced “College Savings Recovery Act,” would improve 529 plans and allow, with some limitations, leftover funds to be rolled into a Roth IRA.

For young investors, downswings in the market may present a tremendous opportunity to set themselves up for long term success. Take a look at some of the things to consider before investing when the market is in decline.

With Markets Down, Is Now the Time for Young People to Invest? | Kiplinger Many younger investors have never experienced stock market volatility and are wondering if they should buy now or steer clear. Answering these three questions could tell them what they need to know.

The power of compounding is vastly underrated, especially when you consider the tax-free growth opportunity of a Roth IRA. If you are a young adult taking the first step towards a long career, no amount is too little - the important thing is that you get started!

Roth IRAs For Young Adults | MoneyUnder30 You know what they say, it’s never too early to start saving for retirement! The Roth IRA is a tool that can help you start saving at any age for the retirement you’ve always dreamed of.

Selling your business to an ESOP not only allows you to maintain control while gaining access to liquidity, but it also comes with often-overlooked tax benefits. Read more.

www.www.bdo.com

It is with great excitement today that, after 30 years, Richard Reyle, CPA and Gerry Spitzer, CPA, CPWA, CEPA, CRPC, announce the launch of Questar Capital Partners (www.questarcap.com), a new independent wealth management firm. Questar was formed so we could apply our collective experience to help accomplished individuals and successful families develop detailed financial plans that specifically address their short-term needs and their long-range ambitions. We also gain the freedom and flexibility to be completely objective with unlimited access to the most innovative technology, products, solutions and services from best-in-class resource partners. By combining world class multi-source investments and cutting-edge technology, we can deliver a higher level of personalized service and unparalleled experience to our clients. We look forward to sharing more about Questar Capital Partners and invite you to contact us to discuss how we can help you take control of your financial future.

Questar Capital Partners
115 W. Century Rd., Suite 180
Paramus, NJ 07652
www.questarcap.com

Richard Reyle, CPA
Founding Partner
(850) 655-6500
[email protected]

Gerry Spitzer, CPA, CPWA, CEPA, CRPC
Founding Partner
(850) 655-6500
[email protected]

UBS Loses $850 Million Advisor Team to Sanctuary Wealth The new additions include two 30-year veterans of the wealth management business.