Thomas J. Perrone, CLU, CIC
Consultant, Author, Podcast Host and Creator of The GWT Planning System
Since 1970, I have devoted my career to the financial planning sector, offering comprehensive solutions tailored to business owners.
“My focus on small business owners started in 1971 when my father died at age 51. He owned a small profitable business that ended up being sold for pennies on the dollar, leaving my mother a widow at age 49 with five kids, in an insecurea insecure financial position and forcing her to sell her home and leave the neighborhood she loved the most. From that experience learned, I decided that I never wanted small business owners to have that happen to them!"
My specialized knowledge includes, advising clients on creating tax-exempt assets, maximizing asset growth through tax-efficient strategies, and implementing distribution methods designed to minimize both tax and estate liabilities.
I work closely with business owners AND their advisors to craft transition plans that help the sale of their enterprises or a move towards passive ownership. Furthermore, I provide guidance on keeping essential personnel and converting them into enduring assets for the organization.
In circumstances such as sudden departure due to death, disability, or retirement, I design customized strategies to access business equity, thereby safeguarding long-term financial stability and security for the owner.
I employ clear, simple procedures, methods, and strategies to guide business owners toward their financial goals. My commitment to excellence and dedication to providing exceptional services are unwavering.
Estate/State Tax Reduction:
Proven strategies to minimize or eliminate estate and state estate taxes, thereby freeing up wealth for increased financial independence. This planning may include capital gains exemptions.
Asset Protection and Preservation:
Designed strategies to safeguard assets from confiscation due to prolonged confinement, thereby preserving the estate’s wealth.
Tax-Exempt Wealth Creation:
Planned procedures for business owners to generate tax-exempt wealth using their business cash flow, resulting in more spendable wealth and reduced tax burdens.
Business Transition Strategy:
Simple systems to create a comprehensive business transition strategy that not only enhances the value of the business but also provides flexibility in the transition process, enabling the extraction of wealth and creating financial freedom for the future.
Executive Benefit Plans:
Procedures to design Executive Compensation Benefit Plans aimed at keeping key employees and individuals with the company, increasing the company’s value through a strong middle management structure, and positioning the Business Owner for a future sale or passive ownership role.
Business Buy-Sell Agreements:
Creative strategies to help smooth business buy-sell agreements, ensuring a seamless transfer of business interests and avoiding future debt obligations to the owners.
Financial Gap Management:
Planning solutions to fund the financial gap when a business owner decides to leave their business. Many times, the business owner is naïve as to the true value of their business, so, when they are ready to sell, they find out the business value is less than expected, consequently, leaving the business owner with less assets needed for their retirement and financial security. This type of planning starts well before a business owner plan to leave their business.
Tax-Exempt Legacy Planning:
Proven strategies to assist business owners in creating tax-exempt havens for their families, allowing them to enjoy the legacy they built through their life’s efforts and ensuring its continued enjoyment by future generations.
Additional Services:
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Medicaid Confiscation Recovery for Heirs
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Executive Compensation and Tax-Free Retirement Strategies
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Business Growth and Transition Planning
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Succession and Exit Strategies for Business Owners
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Life Insurance Design and Strategies to Fund Liabilities
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MANAGEMENT Benefit Planning for Small Companies with 5 or More Employees
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Retirement Planning (Asset Cycle Portfolio-Avoiding running out of money)
"I am an Exit Planning Strategist. I help business owners develop strategies to deal with a situation that can lead to a forced exit of their business."
New England Consulting Group of Guilford, Inc.
2514 Boston Post Rd c-2
Guilford, Ct 06437
Mailing Address:
Necgginc
P O Box 3155
Branford, CT 06405
Calendar – have a call with Tom
FOR A FREE COPY OF MY E-BOOK,
“Unlocking Your Business DNA” Learn how Tom has used his guaranteed and proven strategies to grow and protect his clients’ businesses over his long career.
WHAT SOME OF TOM’S CLIENTS AND ADVISORS HAVE TO SAY…
"Tom’s ability to plan a strategy and its implementation accurately and quickly have contributed immensely to the success of many clients over the past several decades. Tom goes out of his way to service clients. He made sure we understood the planning process and is extremely patient. His talents are that of educators and planners. We receive help from his pragmatic approach to our business and personal planning needs."
Carl Bonamico, Liberty Bank Commercial loans
“If you have the opportunity to meet this special guy, do it. I can’t say enough about him (a winner). He says what he is going to do - and does it. I have known Tom since he was in high school and had leadership skills back then Baseball Hockey all state a driven young man and has grown into a very successful businessman. Meet Him”.
Donald Camerato founder of D’Camm’s LTD
"When Tom says he will do something, he does it. He is a very dependable person and is extremely honest. He looks at all the options possible in your overall planning. If he sees something that does not fit, he tells you. James W Jr. Life Planning Consultants Tom has all the qualities that I look for in an advisor– Integrity, knowledge, patience, and his follow-
through cannot be equal."
Brent Berti, Reverse Mortgage Broker
"I have worked with Tom in the insurance and estate planning business for the better part of 25 years. I have always found him to be hard-working and extremely knowledgeable in his areas of expertise. I have full confidence that when I refer clients to Tom, he will be thorough, clear, and recommend the proper products to offer solutions to their problems."
David Isenstadt, owner New England Group Insurance
"Tom has guided my business and personal finances for 35 years. He has always been honest, dependable, and readily available. The Shredding Source has benefited greatly from his approach and talents as a business and benefit planner. I continue to avail myself of his proficiency and expertness through my retirement…"
William A. Young, The Shredding Source… A Veteran Owned Company
"Having dealt with Tom for over 20 years I can say he is unique in his hands-on approach with his clients. With the Ebb and flow of individual finances, he always presented programs that make sense for the time and circumstance. I have faith in his approach and recommend him highly."
Ronald Finocchio, Owner of The Shredding Source, A Veteran Owned Company
"Tom has been invaluable to me and my clients in the areas of advanced life insurance and estate and business planning. He has extensive knowledge in this field and his ideas and solutions are creative. Tom Maercklein, Insurance broker Tom goes out of his way to understand his customers and their unique needs. Tom can listen to his clients, understand what it is that they truly need and want, then deliver a great solution to them. I highly recommend Tom."
Joe Perrone, Co-Owner- New England Collision
"Tom’s financial education has given us a path towards a rewarding future. This was especially important when we had a financial setback. Tom worked through it with us and took many meetings and financial input to put us back on strong footing. His confidentiality is above reproach, and he is clearly a most compassionate man with the utmost integrity. We have considered him a friend for years now. Wayne and Ginny Klinga, Owners of Park City Valve and Fitting, Bridgeport, CT
"We have worked with Tom for a number of years, and he has given us professional and well-thought-out assistance with our retirement planning. In addition, we have owned a business for over 30 years and the eventual sale of that business was an especially important part of our plan as we moved on with our lives. We had to think about employees, the timing of the sale, how best to accept and invest sales
proceeds and how this stressful and most complicated process would fit into our retirement strategy. Tom worked with us on this important part of our plan not only with his own advice, but also steering us
to literature written by experts to guide us on our journey. We always looked forward to and felt comfortable in our meetings with Tom. His constructive advice was a key part of our retirement transition."
Frank and Diana Byrne, FORMER BUSINESS OWNERS
Example:
I have worked with Tom for many years. If Tom says he will do something, it’s done. In this age of promises but mostly broken promises, Tom is a fresh breath of air. Tom is a student of planning, honest as the day is long, and enjoys helping us. If you are looking for an intelligent planner for your business, Benefits and estate, and someone who can make a promise and keep it, Tom is the person.
Tom has been a longtime advisor to me and my family. He is proactive in making sure we are up to date in our planning. He is always available to us and is one of the unique people in the world that does exactly what he says he will. He stays ahead of the planning curve and offers us great planning strategies, from tax savings to benefits. Besides all of that, he is a very honest person with no agendas other than doing the best he can for us. A Winner.