Thorburn Douglas

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Mon - Fri:	8:00 am - 5:00 pm

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North Valley, Granada Hills North, Granada Hills

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Thorburn Douglas EA

Douglas Ea Thorburn Cfp

Thorburn Douglas Ea Cfp

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Financial Planners, Annuities & Retirement Insurance Plans, Financial Planning Consultants, Financial Services, Investments, Mortgages, Mutual Funds, Retirement Planning Services, Stock & Bond Brokers

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Phone: (818) 360-0985

Address: 15702 San Fernando Mission Blvd, Granada Hills, CA 91344

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Thorburn Douglas

Tax Planning
Marriage Penalty Tax Planning -- Should clients marry in December or January? Will getting married cost too much? Doug hits upon some penalties few realized existed. One or two-hour update available.
Charitable Giving
Estate Taxes
Tax Services
Financial Planning: Tax Preparation and Business Strategies for Realtors® -- Alongside Marty Kreisler, RIA, Doug explained some of the key principles in financial and tax planning with a focus on Realtors.
Roth IRA
(4) In a section he calls “the five savings options,” he inexplicably omits leveraged rental real estate and rental income as a way to invest, save and create an income stream. He ignores the idea that retirees might keep their non-leveraged rental property with rental income partially tax-sheltered by depreciation. Instead, he assumes that such property is sold and net worth (on which income can be earned) is diluted by taxes. He also ignores Congress’s greatest gift to taxpayers in recent memory: Roth IRAs. This is a glaring omission that the reader can learn more about from a number of articles posted on my web site.
Tax Deductions
Maximizing the Sales Tax Deduction (While it Lasts!) -- Doug proves that most people understate their personal expenses unless they keep track and add them up.
Income Tax
(1) “…if a married couple with a combined annual income of $70,000 has $10,000 of deductible interest…their taxable income is reduced to $60,000. In a 33.3 percent combined federal and state tax bracket, this couple would actually save $3,333 they would otherwise pay in tax.” The fact that other deductions, including personal exemptions and state income tax, would put this taxpayer into a lower bracket, where the likely savings would actually be closer to $2,100 is ignored.
Capital Gains Taxes

Mutual Funds
The chart on page 226 is crucial to Andrew’s argument, as he compares the growth of his favored investment, an indexed universal life policy, with various alternatives. He calculates that $6,000 per year yielding 7.75% in an IRA grows to $620,548 after 35 years. This is flat-out wrong. It grows to $836,746 even using his ridiculous assumptions of a 5% sales charge on each investment and a.75% yearly management fee. Without sales charges and management fees (and many IRAs invested in stocks and mutual funds have grown at a far greater rate than 7.75% after such expenses), $6,000 yearly grows to $1,053,872 in the same time period.
Bonds
Money Market Funds
(4) His assumption that individuals can act like banks is absurd on another level as well. Individuals can never borrow funds at the (often far lower) rates that banks pay. Think about it: banks pay zero on balances in checking accounts, 2% in many money market funds and 5% on CDs. They lend this money at 6.5% and higher. Andrew expects us to borrow at 6.5% and somehow consistently earn a safe return of 8%. Were it only that simple.

Accounting Services
Payroll Services

Financial Planning
Doug Thorburn wrote a client newsletter for 20 years before commencing his first book. He combined 25 years’ experience in tax law, investments and financial planning with his practical knowledge of addiction to describe behavior patterns indicative of early-stage alcoholism. Many addiction professionals believe that his work will revolutionize the diagnosis and treatment of addiction. Others suspect his ideas will transform law enforcement and completely change the way in which we view both history and current events. Doug, a libertarian long before more than a few knew the meaning of the term, is no stranger to controversy. Consistent with his style, Thorburn is in the process of creating a paradigm shift in the field of alcoholism.
Retirement Planning
Annuities
The author arrives at two basic conclusions. We should borrow out of our homes and invest the proceeds at a higher rate, preferably in something sold by Andrew and his sales force, which may include many Amazon.com reviewers giving the book four- and five-star reviews. Universal life insurance serves as Andrew’s means to this end. We should also suffer the consequences of withdrawing from our IRAs and other retirement plans now rather than later, since the tax from such withdrawals will only get worse. Naturally, the leftover funds (heavily diluted by taxes) should be invested in the same insurance policies, which supposedly offer a higher—and safer—yield than whatever the retirement plans were invested in. By page 5, I realize I’m reading a book-length sales pitch and con that has the potential to wreak havoc in my clients’ lives (I’ve been an Enrolled Agent tax professional and Certified Financial Planner licensee for almost three decades). One otherwise highly intelligent client asked me to read the book because he was thinking about implementing Andrew’s plan. If one client told me he was thinking about this, how many others might forget to inform me—or get bamboozled by salesmen before I’m even asked for an opinion? Worse, two elderly clients over 80 years old were almost conned into hocking their fully-paid-for homes by annuity salesmen who, in my opinion, were attempting to implement a variation of Andrew’s ideas. One client was told he should borrow $600,000 against his $800,000 home, the proceeds from which would be placed into investments similar to those the author suggests (equity-linked annuities rather than equity-linked life insurance), providing about $40,000 in commissions to the agent, who appears to be one of Andrew’s protégés. This is not just inappropriate counsel—it’s full-blown elder abuse.
Reverse Mortgages

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