Bestselling Author Mark Clure, CFP® Available for Year-end Story Ideas

​Mark Clure, CFP® is a bestselling author who brings over 26 years of experience to his work as a principal at Enso Wealth Management, a large RIA, managing over $1Billion in assets (FT 300 List, etc.).

​Author of the best-selling book, True Wealth, The GUIDE Process for Finding and Financing Your Ideal Life, Clure can provide insight on several topics.

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Topics such as:

• ​Year-end family wealth planning meetings could be especially appropriate right now.
  
  A BNY Mellon study found that more than half of all wealth transfers fail due to poor preparation and family issues of trust and communication.  Whether meeting in-person or virtually, family members need to feel included in the goals and plans for how the transfer will be managed.  Wealth creators can consider developing guidelines and guardrails for decision making, clarifying roles and be a resource for heirs. 
  
  
• High net worth families might want to contemplate making lifetime gifts now to take advantage of the increased exemption amounts before they potentially expire or are repealed.
  
  The IRS has stated that if estate and gift tax exemption amounts are reduced, any gifts made prior to that reduction will be protected from estate and gift tax obligations. Taxpayers should take the opportunity to discuss this strategy with financial, tax and legal advisors. 
  
  2020 also offers a unique opportunity to make large charitable contributions which are typically limited by a percentage of adjusted gross income.  Donations made this year to qualified charitable organizations are completely deductible. The taxpayer wins by reducing their taxable income for the year, while also helping those in need.
  
  
• For business owners impacted by the pandemic and in need of a liquidity buffer, remember that December 31, 2020 marks the end of the opportunity to borrow up to $100,000 tax-free, penalty-free and interest-free from your IRA or 401(k), if you pay it back over three years.
  
  Business owners should, of course, use caution with this strategy and weigh the impact on their retirement savings. 

 

• For those with an impending sale of an appreciated property or business, evaluating the potential benefits of a Deferred Sale Trust (DST) might be good.
  
  A fundamental element of the DST is the use of an installment sale design to defer and control the capital gain tax obligations that accompany the sale of an appreciated asset. Clure can share a story to help your audience visualize if a DST might work for them. 
  
  
• A backdoor Roth might work for some.
  
  ​This strategy would seem to be out of bounds for higher-income earners due to the strict income caps on contributions.  But, by taking the backdoor route, savvy investors can put themselves back on the Roth playing field. Having both traditional and Roth accounts will help with tax diversification in retirement.  But  it’s tricky, so Clure would share some of the in’s and out’s during an interview.

This strategy would seem to be out of bounds for higher-income earners due to the strict income caps on contributions.  But, by taking the backdoor route, savvy investors can put themselves back on the Roth playing field. Having both traditional and Roth accounts will help with tax diversification in retirement.  But  it’s tricky, so Clure would share some of the in’s and out’s during an interview.
 
In addition to being a regular contributor to several newspapers, Clure writes articles and does interviews for various local and national outlets as well, such as Retirement Daily and Authority Magazine. 

Clure is a multi-faceted resource, able to develop a regular column for you -- or simply contribute with articles as needed. On video, he comes across as a “calm voice in the storm” whether discussing finances, tax strategies or financial planning in the face of these uncertain times. As a result, Clure is a great resource for video commentary as well, and would be willing to make himself available as a resource for your producers and editorial team.

If you’d like to learn more about True Wealth and the GUIDE Process that Mark has created and perfected, free to visit www.TrueWealthGuide.net.

Recently interviewed by Authority Magazine as an expert in the field of financial planning, Mark spoke on Five Things to Look for When Hiring a Financial Planner. In addition to that interview, you can learn more about Mark by scrolling through his True Wealth News Page.

If you’d like to speak with Mark Clure on these storylines, or other financial topics that would be of interest to your audience, please email GraceVogelzang@ImpactCommunications.org.