Delta Financial

read moreAll clients should take steps to have their wealth protected from creditors. Unfortunately, most do not. Asset protection doesn't have to be difficult or expensive. On this site you will learn how exposed your assets are to creditors and how to protect them. For many people, funding a tax deferred 401(k) or IRA can be more tax hostile than tax favorable. Most people are unaware of a tax-free retirement tool that can be a much better retirement tool than tax-deferred plans. From 1999-2008 the S&P 500 stock index was negative (a lost decade).

read morePaul V DiSantis is the President of Delta Financial Advisors, a Financial Planning service, investment, and insurance firm in Pinehurst NC. After graduating from the Babcock School of Business at Wake Forest University and serving four years in the US Air Force, Paul began his career in financial services. Delta Financial Advisors, Inc., was originally established as DiSantis & Associates, an agency of the Minnesota Life Insurance Company. Sensing that the Financial Services, and banking industries could soon be heading in a new direction, Paul expanded DiSantis & Associates to incorporate not just insurance, but investments and Financial Planning as well.

read moreThe financial planning part to this website is not meant to give you, the reader, an A-Z formula for how to invest your money in the stock market. Instead, this part of the website is going to look at financial planning from an asset protection point of view and try to introduce some new ideas for you to think about when putting together a financial plan. Our philosophy is that you should take the "least amount of risk to reach your financial goals" (it sounds simple but few take this approach).

read moreMany people think that because they have an attorney and an accountant/CPA/EA they work with that the answer is yes. That may not be the case. Many people know their estate plans are NOT in order but believe they are too busy and that they will get to their estate plan "when they have the time." If you have been saying that to yourself, please act now to put an estate plan in order. Estate planning itself is a very broad topic and cannot be covered in an introduction webpage. Therefore, we have listed a few of the more important topics that are typically not dealt with properly in most estate plans.

read moreA new retirement account was signed into law on August 17, 2006. It is a component of a "regular" 401(k) plan; however, the funding of a "Roth" 401(k) plan is with AFTER-TAX dollars. This is similar to the Roth IRA but with higher funding limits and no limit on earnings to contribute. Money contributed to a Roth 401(k) plan grows without tax and is distributed without tax. You have until April 15th of each year to make a contribution for the previous year. The funding limit for 2020 is $19,000, or $25,000 if over the age of 50.

read moreWe have found that very few CPAs are proactive when it comes to saving their clients money on taxes. Most CPAs simply process tax returns and are so busy that they do not have time to meet with individual clients to work on a true income tax reduction plan. A 401(k) Plan is a qualified retirement plan in which an employer permits an employee to defer receipt of part of his or her compensation by contributing that part to his or her account in the 401(k) Plan. This is a paycheck deduction for the employee and is completely voluntary.

read moreA CPA/accountant/Enrolled Agents typically thinks of tax planning as doing a tax return for a client and sending them the bill for the taxes due. Some might recommend a SEP IRA or SIMPLE Plan, but they typically do not deal with real tax planning. An attorney thinks of tax planning as doing someone's living trusts so the client can maximize estate tax exemptions. A financial planner/insurance advisor typically thinks of tax planning as the use of a 401(k) plan. What our firm does is quite unique.