Advertise on podcast: Jet Setting Wealth Advisory

Want to access your retirement savings before 59½ without the usual 10% early withdrawal penalty? On the latest episode of Jet Setting Wealth Advisory, David T. Yu speaks with Rob Townend, CPA and founder of Early Retirement Access, for an insightful conversation on Section 72(t), early retirement, and tax planning. After using the strategy himself to transition from corporate America to early retirement, Rob explains how 72(t) can allow eligible individuals to access certain retirement funds before age 59½ through a structured series of payments. He also discusses who may benefit, common mistakes, distribution requirements, tax planning opportunities, and why careful planning is essential before establishing a 72(t) strategy. Key Takeaways: → Section 72(t) can provide penalty-free access to certain retirement funds before 59½ → Early retirement planning starts with understanding your cash-flow needs → Distribution errors can trigger significant retroactive penalties → Rolling old 401(k)s into an IRA may provide greater flexibility → 72(t) can be used as both an income and tax-planning strategy More from Robert Townend and Early Retirement Access: Website: earlyretirementaccess.com LinkedIn: linkedin.com/in/robert-townend-817a2a37/?locale=- Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions

Facing IRS problems can feel overwhelming, but having the right strategy can make all the difference. On the latest episode of Jet Setting Wealth Advisory, David T. Yu speaks with Hubert Johnson, tax attorney, lecturer, and founder of Guardian Tax Law, for an important conversation on IRS disputes, tax resolution, taxpayer rights, and protecting your financial future. Hubert shares his experience helping individuals and business owners navigate complex tax challenges, including IRS collections, SBA loan issues, tax liens, levies, offers in compromise, and proactive strategies to avoid costly mistakes. From understanding your options when facing tax debt to knowing when to seek professional guidance, this episode provides valuable insights into taking control of difficult tax situations. Key Takeaways: → Tax problems require proactive strategies, not waiting until the situation escalates → Understanding taxpayer rights can help level the playing field with the IRS → SBA loan defaults can create unexpected penalties and financial challenges → Offers in compromise, liens, and levies each require careful strategy → The right professional guidance can provide clarity and a path forward More from Hubert Johnson and Guardian Tax Law: Website: guardiantaxlaw.com LinkedIn: linkedin.com/in/hubert-johnson-5091653a Facebook: facebook.com/guardiantaxlaw Instagram: instagram.com/guardiantaxlaw Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions

Are you building a business, or just building yourself a job? On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Kep Kepner, founder and managing partner of KepnerCPA, for a practical conversation on business advisory, strategic tax planning, exit planning, and building a company that creates long-term value. Drawing on decades of experience in sales, consulting, technology, and public accounting, Kep explains why business owners need more than compliance work and traditional tax preparation. From using financial numbers to make better decisions to creating systems, developing scalable teams, planning for exit, and strengthening the brain as a business tool, this episode highlights how entrepreneurs can move beyond owner dependence and build stronger, more valuable businesses. Key Takeaways: → Business owners need advisors who help them make better decisions, not just prepare tax returns → Scalable companies require systems, policies, and teams that reduce owner dependence → Financial numbers should guide business decisions, not just satisfy compliance → Exit planning is about value, purpose, and readiness, not just retirement → Brain performance, creativity, and decision-making are key tools for business growth More from Kep Kepner and KepnerCPA: Website: kepnercpa.com LinkedIn: linkedin.com/company/kepnercpa Facebook: facebook.com/KepnerCPA Instagram: instagram.com/kepnercpa Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions

Are you still managing taxes by looking backward? On the lastest Jet Setting Wealth Advisory, David T. Yu welcomes back Edward Lyon, tax attorney, speaker, consultant, and Chief Tax Planner at Excel Empire, for another sharp and practical conversation on proactive tax planning. Ed explains why the tax code should be viewed less like a list of restrictions and more like a roadmap filled with “green lights” that Congress intentionally created for business owners and high-income earners. From legal tax avoidance and entity structuring to advisor coordination, plain-English planning, and the difference between reactive preparation and proactive strategy, this episode challenges listeners to stop waiting until year-end and start making smarter tax decisions throughout the year. Key Takeaways: → The tax code contains incentives business owners often overlook → Tax planning is not about being aggressive; it is about being proactive → Many CPAs focus on tax preparation, not forward-looking tax mitigation → Plain-English planning helps business owners understand opportunities better than spreadsheets alone → Coordinated advisors can uncover strategies that siloed professionals often miss More from Edward Lyon: Website: ⁠excelempire.com⁠ Website: ⁠edwardalyon.com⁠ LinkedIn: ⁠linkedin.com/in/edward-lyon-7a9168⁠ Engage with David T. Yu: Connect on⁠ LinkedIn⁠,⁠ Instagram⁠, &⁠ Facebook⁠ Sign up for our⁠ newsletter⁠ or⁠ book a call⁠ Visit:⁠ DTY Wealth Planning Solutions

Thinking about living, working, or doing business abroad? On this episode, David continues his conversation with Vincenzo Villamena, Founder and CEO of Online Taxman, for Part 2 of their discussion on international tax planning for Americans abroad. Vincenzo explains what U.S. citizens, entrepreneurs, expats, and global investors should consider before moving overseas, doing business internationally, or even renouncing U.S. citizenship. From coordinating U.S. and local tax rules to understanding exit tax, covered expatriate status, foreign earned income exclusions, and choosing the right international tax advisor, this episode offers practical guidance for making informed decisions in an increasingly connected world. Key Takeaways: → Cross-border tax planning should begin before moving or doing business abroad→ U.S. and local tax rules must be coordinated together→ Renouncing U.S. citizenship can trigger major tax and immigration consequences→ Exit tax may apply for covered expatriates with higher net worth→ International tax experience matters when choosing the right advisor More from Vincenzo Villamena and Online Taxman: Website: onlinetaxman.comLinkedIn: linkedin.com/in/vincenzo-villamenaFacebook: facebook.com/OnlineTaxmanInstagram: instagram.com/onlinetaxman Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Living, working, or investing abroad and unsure what the IRS still expects from you? On this week's Jet Setting Wealth Advisory, David T. Yu speaks with Vincenzo Villamena, CPA, Founder and CEO of Online Taxman, for the first of a two-part conversation on U.S. tax planning for Americans abroad. Drawing on his experience as an expat and international tax advisor, Vincenzo explains why U.S. citizens and green card holders still have filing obligations regardless of where they live, along with the opportunities available to qualified taxpayers. From foreign earned income exclusions and state tax residency to foreign asset reporting and international business structures, this episode helps Americans abroad plan before they move, invest, or expand internationally. Key Takeaways: → U.S. citizens and green card holders still have U.S. tax filing obligations while abroad→ Qualified Americans living overseas may benefit from the foreign earned income exclusion→ Leaving a high-tax state requires careful residency and domicile planning→ Foreign bank accounts, entities, and financial assets may trigger additional reporting requirements→ Retirees, digital nomads, and entrepreneurs should coordinate U.S. and local tax rules before making a move More from Vincenzo Villamena and Online Taxman: Website: onlinetaxman.comLinkedIn: linkedin.com/in/vincenzo-villamenaFacebook: facebook.com/OnlineTaxmanInstagram: instagram.com/onlinetaxman Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to make sure your family is prepared for the financial realities that come with aging? On the latest Jet Setting Wealth Advisory, David T. Yu speaks with Trina McWilliams, Founder of Trusted Direction and Americas Controller at Accenture I&CP, LLC, for a meaningful conversation on financial support for older adults and the families who care for them. Inspired by her own family’s experience, Trina explains how client accounting services can help people stay organized, pay bills on time, manage cash flow, protect their accounts, and retain independence as financial responsibilities become more difficult. From planning for the transition into retirement to organizing critical documents and establishing a power of attorney, this episode offers practical guidance for creating stability before a crisis. Key Takeaways: → Retirement planning should include a plan for managing finances later in life→ Organizing essential documents helps families act during an emergency→ A power of attorney can provide needed access when financial support is required→ Client accounting services can range from advice and budgeting to bill payment and reporting→ Trusted local support can reduce stress for older adults and long-distance family members More from Trina McWilliams: Website: trusteddirectionservices.com LinkedIn: linkedin.com/in/trina-mcwilliams-73575a179Facebook: facebook.com/accentureInstagram: instagram.com/accenture Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Want more flexibility when selling an investment property? On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Dave Foster, founder of The 1031 Investor and a qualified intermediary for 1031 exchanges, for a practical conversation on tax-efficient real estate investing. Dave shares how 1031 exchanges, Section 121 primary residence planning, partial exchanges, and Delaware statutory trusts can help investors defer capital gains taxes and reposition their portfolios with greater flexibility. As the author of Lifetime Tax-Free Wealth: The Real Estate Investor’s Guide to the 1031 Exchange, Dave explains why thoughtful planning must begin before a property is listed and how the right strategy can help investors preserve more capital for future opportunities. Key Takeaways: → Start planning before a property sale to meet 1031 deadlines→ A qualified intermediary is required to complete a 1031 exchange→ Section 121 and 1031 planning can work together in certain situations→ Partial exchanges can create flexibility while deferring part of the gain→ Replacement property must be investment real estate and meet reinvestment rules More from Dave Foster and The 1031 Investor:  Website: the1031investor.comLinkedIn: linkedin.com/in/davefoster1031Facebook: facebook.com/the1031investorYouTube: youtube.com/c/The1031Investor Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to understand the tax and compliance issues before buying an aircraft? On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Letisha Sailor, founder of AvTax Advisors, for a practical conversation on aviation tax law, aircraft ownership, FAA compliance, and IRS audit risk. With more than 20 years of experience in aviation tax and accounting, Letisha explains why aircraft ownership requires more than simply choosing the right plane. From structuring ownership correctly to documenting business use, managing state tax exposure, and preparing for potential audits, this episode highlights the importance of proactive planning before the purchase ever happens. Key Takeaways: → Aircraft ownership requires planning before purchase→ Tax deductions depend on proper documentation and business use→ Ownership structure must balance tax efficiency and FAA compliance→ State sales and use tax can create unexpected costs→ Proactive review can reduce audit risk and compliance issues More from Letisha Sailor and AvTax Advisors: Website: avtaxadvisors.comLinkedIn: linkedin.com/in/letishasailorInstagram: instagram.com/avtaxadvisors/?igsh=YzZlaTRremhhYzR1# Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call! Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Thinking about relocating for tax reasons? It’s not as simple as counting days on a calendar. On this week's Jet Setting Wealth Advisory, David T. Yu speaks with Tina Azarvand Esq., Managing Partner of Azarvand Tax Law, about the little-known tax structure of the Commonwealth of the Northern Mariana Islands and why residency, domicile, and intent matter far more than most people realize. Tina explains how CNMI source income can qualify for significant local tax rebates, why there is no federal income tax filing for qualifying residents, and how the IRS evaluates whether someone truly moved versus simply trying to claim a new address. From the 183-day misconception to how your daily life, family ties, and documentation determine your tax reality, this episode highlights the complexity behind relocation-based tax strategies. Key Takeaways:→ CNMI source income may qualify for local tax rebates under the territory’s tax system→ Qualifying residents file locally, not federally, when requirements are properly met→ The 183-day rule is only one small part of proving residency and domicile→ The IRS evaluates intent through lifestyle, documentation, and personal ties→ Relocation tax strategies require planning, structure, and proof More from Tina Azarvand and Azarvand Tax Law: Email: [email protected]: azarvandtaxlaw.comLinkedIn: linkedin.com/in/tinaazarvandFacebook: facebook.com/azarvandtaxlawInstagram: instagram.com/azarvandtaxlaw Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to stop treating your business, taxes, and legal planning like separate conversations? On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Chris Papin, founder of Papin CPA and Papin Law, about why business owners struggle when tax, legal, insurance, and financial planning are handled in silos. Chris shares how his dual background as both a CPA and an attorney allows him to serve as a “quarterback” for business owners who need help translating complex financial decisions into coordinated action. From audit-proofing your books and avoiding common tax pitfalls to aligning business cash flow with personal wealth and estate planning, this episode highlights how small gaps in coordination can create very expensive problems. Key Takeaways: → Business owners often understand their business but not how financial statements truly work→ Audit-proofing your books is about discipline, separation, and how you treat your business → Debt decisions, spending habits, and cash flow timing can quietly derail long-term goals→ The biggest financial mistakes often come from lack of coordination between advisors→ The right professional should act as a translator and facilitator, not just a technician More from Chris Papin and Papin CPA: Email: [email protected] Website: papincpa.comLinkedIn: linkedin.com/in/chrispapinFacebook: https://www.facebook.com/PapinCPA Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit:  DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to avoid costly tax mistakes with your aircraft ownership? On the latest Jet Setting Wealth Advisory, David T. Yu speaks with Ryan DeMoor, Head of Aviation Tax at MySky, for an in-depth conversation about aviation tax strategy, compliance, and the critical mistakes aircraft owners and operators often make. Ryan shares how his unique background as both an airline pilot and aviation tax expert gives him rare insight into the challenges flight departments, executives, and owners face when trying to balance business use, personal use, and IRS requirements. From bonus depreciation and Qualified Business Use tests to SIFL, entertainment disallowance, and the role of automation and AI in aviation finance, this episode breaks down the complex tax rules that can create massive financial consequences if misunderstood. Key Takeaways:→ Bonus depreciation only works if strict Qualified Business Use rules are met every year→ Failing QBU tests can trigger painful tax recapture years later→ Personal vs. business flight classification must be documented contemporaneously→ SIFL and entertainment disallowance directly impact executives and company deductions→ Automation and software are transforming how flight departments stay compliant and cost-efficient More from Ryan DeMoor and MySky: Email: [email protected]: mysky.comLinkedIn: linkedin.com/in/ryan-demoor-cam-mba Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to stop treating taxes like something that just happens to you? On today's episode of Jet Setting Wealth Advisory, David T. Yu speaks with Robert Keller and Edward Lyon of Excel Empire, for a practical conversation on proactive tax planning, alternative investing, and reducing tax liability through forward-looking strategies. Ed shares why many successful people mistakenly assume their accountant is actively helping them pay less in taxes, while Bobby explains how his background in aviation shaped his approach to financial planning, risk management, and tax mitigation. From business owners and high-income W2 earners to aviation professionals, this episode highlights the importance of planning ahead, assembling the right team, and looking beyond traditional tax reporting.  Key Takeaways: → Tax planning should be forward-looking, not just year-end reporting → High-income earners often have more tax options than they realize → The right advisory team can uncover overlooked planning opportunities → Alternative strategies may help reduce tax liability when properly structured → Failing to plan often leads to expensive missed opportunities More from Robert Keller and Edward Lyon: Website: excelempire.com Website: edwardalyon.com LinkedIn: linkedin.com/in/robert-keller-28a2742a4 LinkedIn: linkedin.com/in/edward-lyon-7a9168 Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call! Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to improve your relationship with money and reduce financial stress? On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Tari Vickery, author of The Emotional Side of Money, for a powerful conversation on how emotions, upbringing, and personal experiences shape financial behavior. With over 25 years of experience working closely with families, Tari shares how money decisions are often driven more by feelings than logic. From understanding your “money story” to identifying hidden triggers and shifting from scarcity to abundance, this episode highlights how self-awareness can lead to better financial decisions and a more confident future.  Key Takeaways: → Money decisions are driven more by emotion than logic → Your “money story” is shaped early through family experiences → Financial anxiety can exist regardless of wealth level → Awareness is the first step to changing your relationship with money → Open, intentional conversations can transform financial outcomes More from Tari K. Vickery and Life Matters Financial Group: Website: lifemattersfinancialgroup.com Website: tarikvickeryauthor.com LinkedIn: linkedin.com/in/tari-k-vickery-09027a2 Facebook: facebook.com/profile.php?id=61561349842621 Instagram: instagram.com/tarikvickeryauthor Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call! Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to make smarter business decisions with your financial data? On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Tevia Hoalst, owner and CEO of TeKoda Accounting, for a powerful conversation on financial clarity, cash flow, and strategic decision-making for business owners. With over 15 years of experience, Tevia shares how shifting from reactive bookkeeping to proactive financial strategy can transform the way businesses operate. From understanding the critical difference between profit and cash flow to using real-time data for better decisions, this episode highlights how financial systems, mindset, and high-touch service can drive sustainable growth.  Key Takeaways: → Profit and cash flow are not the same, and both must be tracked → Financial data reduces risk and improves decision-making → Growth requires planning because scaling is expensive → Using financials strategically beats simply tracking numbers → High-touch, proactive accounting creates stronger business outcomes More from Tevia Hoalst and TeKoda Accounting: Email: [email protected] Website: tekodaaccounting.com LinkedIn: linkedin.com/in/tevia-hoalst Facebook: facebook.com/TeKodaAccounting Instagram: instagram.com/tekodaaccounting Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call! Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices