Jet Setting Wealth Advisory

Want to stop treating taxes as something you deal with after the year is over? On the latest episode of Jet Setting Wealth Advisory, David T. Yu speaks with Steven Jarvis, CPA and CEO of Retirement Tax Services, for an insightful conversation on proactive tax planning, tax strategy, and the importance of integrating taxes into a comprehensive financial plan. Steven explains the difference between tax preparation and tax planning, why every taxpayer needs a tax plan, and how business owners and high-income earners can benefit from planning before year-end or a major liquidity event. The conversation also explores tax strategy red flags, aircraft bonus depreciation, donor advised funds, and how financial advisors and CPAs can work together to create better outcomes for clients. Key Takeaways: → Tax preparation looks backward, while proactive tax planning looks ahead → Every taxpayer has a tax plan, whether intentional or accidental → Business owners should begin planning well before a liquidity event → Tax strategies should be evaluated for both their benefits and potential risks → Strong collaboration between financial advisors and CPAs can improve client outcomes More from Steven Jarvis and Retirement Tax Services: Website:retirementtaxservices.com LinkedIn: linkedin.com/in/stevenajarvis Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions

Want to access your retirement savings before 59½ without the usual 10% early withdrawal penalty? On the latest episode of Jet Setting Wealth Advisory, David T. Yu speaks with Rob Townend, CPA and founder of Early Retirement Access, for an insightful conversation on Section 72(t), early retirement, and tax planning. After using the strategy himself to transition from corporate America to early retirement, Rob explains how 72(t) can allow eligible individuals to access certain retirement funds before age 59½ through a structured series of payments. He also discusses who may benefit, common mistakes, distribution requirements, tax planning opportunities, and why careful planning is essential before establishing a 72(t) strategy. Key Takeaways: → Section 72(t) can provide penalty-free access to certain retirement funds before 59½ → Early retirement planning starts with understanding your cash-flow needs → Distribution errors can trigger significant retroactive penalties → Rolling old 401(k)s into an IRA may provide greater flexibility → 72(t) can be used as both an income and tax-planning strategy More from Robert Townend and Early Retirement Access: Website: earlyretirementaccess.com LinkedIn: linkedin.com/in/robert-townend-817a2a37/?locale=- Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions

Facing IRS problems can feel overwhelming, but having the right strategy can make all the difference. On the latest episode of Jet Setting Wealth Advisory, David T. Yu speaks with Hubert Johnson, tax attorney, lecturer, and founder of Guardian Tax Law, for an important conversation on IRS disputes, tax resolution, taxpayer rights, and protecting your financial future. Hubert shares his experience helping individuals and business owners navigate complex tax challenges, including IRS collections, SBA loan issues, tax liens, levies, offers in compromise, and proactive strategies to avoid costly mistakes. From understanding your options when facing tax debt to knowing when to seek professional guidance, this episode provides valuable insights into taking control of difficult tax situations. Key Takeaways: → Tax problems require proactive strategies, not waiting until the situation escalates → Understanding taxpayer rights can help level the playing field with the IRS → SBA loan defaults can create unexpected penalties and financial challenges → Offers in compromise, liens, and levies each require careful strategy → The right professional guidance can provide clarity and a path forward More from Hubert Johnson and Guardian Tax Law: Website: guardiantaxlaw.com LinkedIn: linkedin.com/in/hubert-johnson-5091653a Facebook: facebook.com/guardiantaxlaw Instagram: instagram.com/guardiantaxlaw Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions

Are you building a business, or just building yourself a job? On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Kep Kepner, founder and managing partner of KepnerCPA, for a practical conversation on business advisory, strategic tax planning, exit planning, and building a company that creates long-term value. Drawing on decades of experience in sales, consulting, technology, and public accounting, Kep explains why business owners need more than compliance work and traditional tax preparation. From using financial numbers to make better decisions to creating systems, developing scalable teams, planning for exit, and strengthening the brain as a business tool, this episode highlights how entrepreneurs can move beyond owner dependence and build stronger, more valuable businesses. Key Takeaways: → Business owners need advisors who help them make better decisions, not just prepare tax returns → Scalable companies require systems, policies, and teams that reduce owner dependence → Financial numbers should guide business decisions, not just satisfy compliance → Exit planning is about value, purpose, and readiness, not just retirement → Brain performance, creativity, and decision-making are key tools for business growth More from Kep Kepner and KepnerCPA: Website: kepnercpa.com LinkedIn: linkedin.com/company/kepnercpa Facebook: facebook.com/KepnerCPA Instagram: instagram.com/kepnercpa Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions

Are you still managing taxes by looking backward? On the lastest Jet Setting Wealth Advisory, David T. Yu welcomes back Edward Lyon, tax attorney, speaker, consultant, and Chief Tax Planner at Excel Empire, for another sharp and practical conversation on proactive tax planning. Ed explains why the tax code should be viewed less like a list of restrictions and more like a roadmap filled with “green lights” that Congress intentionally created for business owners and high-income earners. From legal tax avoidance and entity structuring to advisor coordination, plain-English planning, and the difference between reactive preparation and proactive strategy, this episode challenges listeners to stop waiting until year-end and start making smarter tax decisions throughout the year. Key Takeaways: → The tax code contains incentives business owners often overlook → Tax planning is not about being aggressive; it is about being proactive → Many CPAs focus on tax preparation, not forward-looking tax mitigation → Plain-English planning helps business owners understand opportunities better than spreadsheets alone → Coordinated advisors can uncover strategies that siloed professionals often miss More from Edward Lyon: Website: ⁠excelempire.com⁠ Website: ⁠edwardalyon.com⁠ LinkedIn: ⁠linkedin.com/in/edward-lyon-7a9168⁠ Engage with David T. Yu: Connect on⁠ LinkedIn⁠,⁠ Instagram⁠, &⁠ Facebook⁠ Sign up for our⁠ newsletter⁠ or⁠ book a call⁠ Visit:⁠ DTY Wealth Planning Solutions