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    Financial Planning Articles

     

    You have landed on the Financial Planning Section of the Financial Planner LA Blog.  In this section, you will find articles on a variety of personal finance topics tailored for the people of Los Angeles who need financial planning guidance.

    My goal as a Certified Financial PlannerTM (CFP)® Accredited Investment Fiduciary™ AIF®  is simply to help you achieve your Financial Goals faster and easier. That means helping my clients like yourself to build, protect and distribute their wealth. With me as the coach in your financial corner, you will always experience excellent service while striving for financial independence.  Making smarter financial decisions along the way makes making other smart financial decisions easier.

    I am committed to maintaining the highest standards of integrity and professionalism in our relationship with you, my client. As a fiduciary financial advisor, I endeavor to know and understand your financial situation and provide you with only the highest level of support to help you reach all of your financial goals. This may include but is not limited to financial planning, investment and portfolio management, tax planning, as well as estate planning strategies.

    Make sure to join our Los Angeles Financial Advisor email list to get the best financial planning articles of the past month sent right to your inbox.

    Keep checking back for more post on how you can live your happiest, healthiest and wealthiest life.

    Vanguard Financial Advisor David Rae
    David Rae Financial Planner LA on the ABC 7 News with Ellen Leyva and Coleen Sullivan

    Live for Today, Plan For Tomorrow.

    David Rae, Certified Financial Planner™, Accredited Investment Fiduciary™

    West Hollywood Financial Adviser

    President / Founder DRM Wealth Management, LLC 323-905-4380

    19 Amazing Tax Deductions For California Small Businesses

    California small business taxes can top 53%. Here are 19 valuable tax deductions for the self-employed and small business owners.

    What You Need To Know About California Capital Gains Taxes

    California has some of the highest taxes in the country. Most people have no idea how california taxes capital gains. What you need to know about your investment taxes in CA.

    What To Need Know About The Roth Solo 401(k) In 2024

    How to get the most tax benefits from a Roth Solo 401(k) for your small business. Who doesn’t love tax free income.

    How To Lower Your Small Business Taxes With a Solo 401(k)

    It isn’t how much you make but how much you keep. How the Solo 401(k) can help business owners slash their tax bills in 2021.

    How The Cash Balance Pension Helps You Reduce Your Taxes And Boost Retirement Security

    Looking for more tax deductions to help your business pay fewer taxes? A Cash Balance Pension Plan may be the keep to keeping more of your hard earned money.

    How To Open A Sep IRA With Self Employment Income

    You need to know the SEP IRA contribution limits to make sure you can minimize the taxes on your small business income.

    Is Too Much Financial Stress Making You Fat?

    Have you packed on a few extra pounds? Could financial stress be the cause of your extra body fat? Science has actually discovered that worrying about your finances could add to the pounds. Stress equals Fat. At Financial Planner LA, …

    What Is The Maximum Social Security Retirement Income For 2024?

    Are Social Security Taxable? What is the maximum amount you can receive from Social Security Retirement? These and you other questions answered by Financial Planner LA.

    5 Essential Steps to Help Your Financial Future in 2024

    5 Essential Steps to Help Your Financial Future in 2024 A toast to you, my friends! Here’s to out with the old (careless spending) and in with the new (being fiscally fabulous). Make those New Year Resolutions Stick.  There is …

    Is The Defined Benefit Plan The Best Way For Business Owners To Minimize Taxes?

    The Defined Benefit Pension plan is a great way to lower you taxes if you make $500,000 or more per year. The tax planning financial advisor shares what you need to know abou this valuable tax planning strategy.

    The Million Dollar 401(K) Mistake Too Many People Make

    The Biggest Mistake You Are Making with your 401(k)k could cost you over a million dollars.  For some of you, it could lower your 401(k) balances by several million dollars. We are facing a retirement planning crisis in America.  Boomers, …

    ROTH IRA or ROTH 401k Which is Best Retirement Account?

    Which is the Best ROTH IRA or ROTH 401k? Should I be putting more money towards my Roth IRA or Roth 401(k)? The good news is more employers are offering a ROTH 401(K) as part of their retirement plans.  The …

    How Much Money To Live Comfortably In Los Angeles? True Cost Of Living LA

    Is LA worth the high cost of living? How much does it cost to live comfortably in Los Angeles? Financial Planner LA shares what you need to know.

    4 Biggest Tax Strategies You Need To Implement Now As A Successful Business Owner

    4 tax planning strategies you need to implement now for your small business

    Best Palm Springs Financial Planner For You: Video

    Palm Springs financial planner for you David Rae offers tax planning, retirement planning and investment planning. He wants your life to be better because he is in it.

    2 Billion Dollar Powerball Winner: What Should They Do Now Video

    Financial Advisor LA appears on the NBC with your Powerball Winning Guide. How to keep more of your winnings and minimize taxes.

    The Five Principles Of Happy Money

    Financial expert shares tips on Happy Money with Financial Planner LA- what you need for a happier healthier and wealthier life.

    How to Buy Long Term Care Coverage (INSURANCE)

    6 Ways Paying for Long-Term Care Coverage, and how to get the right Long-Term Care Insurance for you and your family. The topic of Long Term Care coverage is complicated and a not particularly fun one to think about.  But …

    5 Financial Windfall Advice Tips + Video

    Are you coming into a big chunk of money? What to do if you get an inheritance, win the lottery or even get a nice bonus.

    Who Will Provide Long-Term Care For LGBT Retirees?

    Who Will Care for LGBT Boomers? Anyone but themselves? Listen up LGBT Boomers you can’t control getting older, but you can influence the quality of life. Does your retirement plan provide for the cost of LGBT Long Term Care? More importantly, would you like it to? LA Financial Planner David Rae outlines the ins and out of aging well for the Gay Community.

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    This site has been published for residents of California (Insurance License # OE10562), Arizona, Ohio, Florida, and Colorado. All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security investment or instrument or to participate in any particular trading strategy. Securities and investment advisory services offered through DRM Wealth Management LLC a Registered Investment Adviser. The videos, articles and other content maintained on this site as well as the opinions voiced in this material are resources for educational and general informational purposes only and are not intended to provide specific advice or recommendations for any individual. No information on this site constitutes financial advice and should not take the place of consulting with a certified financial planner and tax, legal or other financial advisor. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.