Financial and Investment Expert Joseph M. Maas Publishes Second Book – 401(k) Insight: Getting to “Retired!”

Joseph M. Maas, CFA, CVA, ABAR, CM&AA, CFP®, ChFC, CLU®, MSFS, CCIM, a Principal and Investment Advisor with Seattle-based Synergy Financial Management, LLC, has published the second book in his Insight Series, 401(k) Insight: Getting to “Retired!” Active for over 23 years in the financial services and investment industries, Maas is an expert with helping business owners establish a 401(k) that benefits the company with reduced taxes, and increases retirement savings for both the owner and employees. John A. Flavin, a Certified Financial Planner, joins Mr. Maas as co-author. This 280-page, soft-cover book addresses two audiences. For the business owner, the book details the steps involved with creating a 401(k), guiding the owner with understanding the financial value of having a 401(k), the sponsor’s role and responsibilities, and familiarity with the RFP process when hiring the professionals who service the plan. For the employees, Maas and Flavin explain the value of this outstanding financial opportunity and describe how employees can use their 401(k) to build a retirement fund that creates a comfortable lifestyle for their elder years. Maas and Flavin use an in-depth case study of Linda Nelson, a fictional woman in her late 20s who is contemplating her financial future and retirement. The authors demonstrate how Linda can achieve her financial goals with careful planning, and model the decision-making process through Linda’s experience. Easy-to-follow charts and illustrations provide business owners with a step-by-step guide to starting a 401(k) plan, and employees with knowing how to take full advantage of this wonderful financial instrument for retirement saving and investing. 401(k) Insight: Getting to “Retired!” is the second book of...

States with no income tax

Did you know there are six other states besides Washington that don’t charge income tax? Here they are, in alphabetical order: Alaska: The state of Alaska relies heavily on petroleum revenue to cover the state budget. Florida: Sales tax and property taxes cover government costs in Florida. Nevada: Gambling-related taxes and fees raise almost a billion dollars for Nevada each year. South Dakota: This western state gets its revenue from a variety of taxes, including “sin taxes” on cigarettes and alcohol. Texas: The state of Texas sustains itself through a state sales tax, local sales taxes and property taxes. Washington: The Evergreen State supports itself through a variety of taxes. Our state sales tax ranges from 6.5% to 9.5% in King County. Wyoming: This state does not have a personal state income tax or a corporate income tax. While it may seem appealing to live in a “no income tax” state, these states still pass along their operating costs to residents through other taxes and fees. As the saying goes, there is no free lunch.   Source:...

Coming soon: 401(k) Insight: Getting to “Retired!”

We’re excited to announce that our next book 401(k) Insight: Getting to “Retired!” is coming out soon. Co-authored by 401(k) experts Joseph M. Maas and John A. Flavin of Synergetic Finance, the second in the Insight Series from Merrell Publishing will tell business owners and employees everything they need to know about 401(k) plans. Employers will learn how to create and manage a plan on behalf of their employees; employees will learn how to use their company’s 401(k) plan to help them enjoy retirement. Watch our blog for details about the book’s release and how you can purchase a copy....

Financial and Investment Expert Joseph M. Maas Publishes First Book – Exit Insight: Getting to “Sold!”

Joseph M. Maas, CFA, CVA, ABAR, CM&AA, CFP®, ChFC, CLU®, MSFS, CCIM, a Principal and Investment Advisor with Seattle-based Synergy Financial Management, LLC, has published his first book, Exit Insight: Getting to “Sold!” Active for over 23 years in the financial services and investment industries, Maas developed a tool to help business owners improve their financial futures by increasing the market value of their businesses. This 382-page, soft-cover book explains exit planning with an in-depth case study of Michael and Mary Kendall, a couple in their 50s who are contemplating retirement. With their children grown and retirement looming, the Kendalls take a serious look at their financial future, discovering that their company does not yet have sufficient value to fund their retirement. Maas demonstrates how the couple can still achieve their financial goals. Following the case study, Maas explains the various stages of exit planning, including: Business valuations Measuring and closing the gap between what you have and what you need Estate planning analysis Tax planning and investment analysis Personal financial analysis Selling your business to a third party and working with a business broker Easy-to-follow illustrations provide business owners with a step-by-step guide to exit planning. Exit Insight: Getting to “Sold!” is the first in a series of books that guide business owners and professionals toward long-term financial success. Future books will share Maas’ expertise and insight on 401(k) plans, asset allocations and starting new businesses. Exit Insight: Getting to “Sold!” is available for $24.95 at Merrell Publishing and Amazon.com. To learn more about this book, please contact author Joseph M. Maas at 206-386-5455 or joe@synergeticfinance.com. About Joseph...