Cory Smith

Discretionary Income No Children | Let’s chat 👇

[Cory Smith @cory_cf_capital]

@AdvisorJobs Technically yes, ethically fuck no.

[Cory Smith @cory_cf_capital]

@wethefifth @ScottJenningsKY I love how they turn a blind eye to 10x the corruption that they so loudly proclaimed as such.

[Cory Smith @cory_cf_capital]

@CPATaxTeam As we suspected, not at all what she said.

[Cory Smith @cory_cf_capital]

@DilksJay @EricBalchunas It’s a monthly payout

[Cory Smith @cory_cf_capital]

@shelmuth85 @TKopelman Wait, isn’t that supposed to flow into a non-grantor, irrevocable, complex, intentionally defective, discretionary, spendthrift trust?

[Cory Smith @cory_cf_capital]

@MrNQDC Exactly my thought.

Early in my career, I listened to industry veterans talk about how in the 80s they couldn’t sell an 18% 30 year bond to save their life. That story is stuck with me.

[Cory Smith @cory_cf_capital]

If they anticipate the business to ever grow beyond them, I agree that it’s the wrong system.

But for many solo business owners who don’t have the “accountant brain” (a term I’ve heard a number of clients use) it lets them see their runway clearly just by looking at the balances, and allows them to make decisions faster.

I also agree that it can’t be a replacement of understanding the books.

[Cory Smith @cory_cf_capital]

@BetterCeo @KurtisHanni Same! The book is little more than a hype piece by a charlatan.

[Cory Smith @cory_cf_capital]

@Benefitsguynick @KurtisHanni The bank isn’t for everyone, but Relay is built specifically for this process and automates it all.

[Cory Smith @cory_cf_capital]

@UngerAssocLLC @MichaelKitces That’s a great one! Didn’t think about that.

[Cory Smith @cory_cf_capital]

@FinPlan_CPA It primarily depends on the ratio of Roth to pretax, and if they’re expected to drop a bracket in retirement or not.

It tends to learn Roth more often than one would assume.

[Cory Smith @cory_cf_capital]

@TorreySmithWR No but they still have Feinstein for comparison

[Cory Smith @cory_cf_capital]

@SteveOnSpeed One could argue that the value of the fire and police protection associated with your new garage would be worth at least $400.

[Cory Smith @cory_cf_capital]

@zachary_ashburn In that case, Mitcher’s toasted or Willitt 6yr single barrel.

Redbreast Lustau is a top whiskey.

[Cory Smith @cory_cf_capital]

@jockowillink Keep paying the taxes, but we need actual auditors so these schemes can be caught early on.

[Cory Smith @cory_cf_capital]

@JessicaBRiedl @bdquinn Yeah, we’re all tired of that play.

[Cory Smith @cory_cf_capital]

@zachary_ashburn @Albert_steed If you can get your hands on their Pit Viper collab they did a few years back, that is hands down the best of theirs I’ve ever had.

That bottle turned a few non-whiskey drinkers into whiskey snobs.