Hivest Financial

Hivest Financial

Financial Services

Strategy. Education. Freedom

About us

Hivest Financial is a financial strategist for individuals, families, and small businesses transitioning into high or ultra-high net worth. Financial freedom is obtained through a custom personal and business strategy. We will devise a business strategy and structure your accounting and investments with tax efficiency. We enhance your personal spending strategy with monitoring and ongoing education of all family members. We advise on investments, taxes, portfolio allocation, and insurance. We are your liaison/quarterback and manage the financial process on your behalf. While investment management is a service of Hivest Financial, we also engage with your existing or refer other investment managers, insurance brokers, corporate attorneys, estate planning attorneys, property managers, and tax experts.

Industry
Financial Services
Company size
2-10 employees
Type
Privately Held
Founded
2009
Specialties
Family Office, Investment Management, Financial Advisory for Businesses, and M&A Advisory Services

Employees at Hivest Financial

Updates

  • You cannot offset losses in tax deferred plans (IRA Regular and Roth/401k, etc) against gains in any account for income tax purposes. Nor can you use the annual $3,000 tax deduction for capital losses. There is no tax benefit for losses in these accounts.

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  • Consider using your car to advertise. Have your firm pay you an advertising fee. It can be for a specified time-not 100%. Tax deductible to the firm. Or-pay your low-income earning child (below the federal standard deduction of $14,600 for 2024) to drive the car.

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  • A short-term brokerage collateral loan is different than buying securities on margin. It is a line of credit collateralized by the value of your account. Rates are typically 2% higher than Fed Funds. It is offered by brokerages partnered with a bank.

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  • Consider investing in a brokerage account through your tax flow-through entity. If you need short-term cash (for any reason), take a low interest loan collateralized by the account. Do not sell your investments. The interest will be an expense and tax deductible to the company.

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  • In 2025, there is a new ‘Super-Catchup’ increased contribution limit for those between 60-63 to your 401k and some other employer plans. Limits are $23,500, $31,000 for ages 50>, $34,750 for ages 60-63. There is no Super-Catchup for IRA/Roth and are $7,000, $8,000 for ages 50>. 

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  • Yes, effective 2023, you can have a Solo Roth 401k as well as a regular Solo 401k. However, the company match currently can only go to the regular 401k. This is not true for larger Roth 401k plans. Ideally, this will change.

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  • Have your child contribute to a Roth IRA. To obtain the earned income, pay them from your company. Other than SS/Med taxes, the income will be federal tax free ($14,600 standard deduction), tax deductible to the company (you) and will grow tax free forever in the Roth. 

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  • Maximize your I401k/Roth I401k and company match (25% of compensation). The company can also have a SEP-IRA and contribute 25% of compensation. The regular and SEP company contributions are tax-deductible, the Roth is not. Total contributions cannot exceed $69,000 if under 50.

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