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Jeff Filoon, Financial Planner

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Jeff Filoon, Financial Planner

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Financial Planner for Business Owners & Executives | Specializing in Electrical, HVAC & Construction | Proactive Tax Planning, Cash Flow & Exit Strategy | Build a Life with Intention

10/30/2026

An old 401(k), a current retirement plan, IRAs, brokerage accounts, or investments you've accumulated through your business...

Think about how much can change in five or ten years.

Maybe you've changed employers, started a business, received stock compensation, or simply accumulated more wealth.

Along the way, it's easy to end up with investments spread across different accounts.

Individually, each account might look fine.

But what happens when you look at them together?

Here are three things worth reviewing:

1. Are you as diversified as you think?

Owning multiple investment accounts or funds doesn't necessarily mean you're diversified. You could have significant overlap in the companies or sectors you're invested in without realizing it.

2. Does your allocation still make sense?

Your financial goals, income, retirement timeline, and risk tolerance may have changed considerably since you originally selected your investments.

Does your portfolio reflect where you are today?

3. Are your accounts structured efficiently?

Investment fees, tax efficiency, available investment options, and account features all matter.

If you have retirement accounts sitting with previous employers, have you evaluated whether keeping them, consolidating them, or rolling them over makes the most sense?

I'm not suggesting anyone should make investment changes simply because of what's happening in the economy.

But I do think it's worth periodically stepping back and reviewing the entire picture.

If it's been a while since you've reviewed your portfolio, maybe now is the time.

10/29/2026

An $80,000 truck isn't a bargain just because you can write it off.

As we approach year-end, business owners are going to hear plenty about purchasing vehicles and equipment to reduce their taxable income.

And while the tax benefits can certainly be valuable, I think too many people overlook the actual business decision.

Think about an electrical or HVAC contractor considering another service van.

If that van allows them to put another crew on the road, take on more jobs, and generate additional profit, it could be a great investment.

But what if the business doesn't have enough work to keep another crew busy?

Now you've potentially added an unnecessary expense, reduced your available cash, and maybe taken on another monthly payment.

Same $80,000 purchase. Two very different outcomes.

And this doesn't just apply to contractors.

Whether it's new machinery, vehicles, technology, or other major business expenses, the underlying decision should be driven by what the investment can actually do for the company.

Tax deductions can help reduce the cost of an investment, but they don't eliminate it.

I'd much rather see a business owner preserve their cash for the right opportunity than spend money unnecessarily just to reduce their tax bill.

10/28/2026

We're about two months away from the end of 2026.

BIG QUESTION: Do you know approximately what you're going to owe in taxes?

If you're a business owner and the answer is no, now is a good time to find out.

And I don't mean waiting until your CPA prepares your return next spring.

There are a few things I'd want to understand before December 31:

1. Where is your taxable income projected to finish?

Not just revenue or business profit, but your expected taxable income after accounting for compensation, deductions, and other income sources.

2. How much have you already paid toward your 2026 taxes?

Between withholding and estimated payments, are you on track to meet your obligations and avoid potential underpayment penalties?

3. Are there still planning opportunities available before year-end?

Retirement contributions, business expenses, equipment purchases, and other strategies may be worth reviewing depending on your situation.

Not every decision needs to happen by December 31, but some do.

4. How much cash should you have set aside?

Knowing what you may owe is one thing. Making sure you have the liquidity to pay it is another.

None of this requires waiting until tax season.

A year-end tax projection can help you understand where you stand, identify remaining planning opportunities, and prepare for the liability ahead.

April should be when you finalized your tax return, not when you first find out what you owe.

Don't be that person.

10/22/2026

That $30,000 SEP IRA contribution could actually cost your business $52,000. Here's why.

In most SEP arrangements, eligible employees must receive employer contributions at the same percentage of compensation as the owner.

Let's say you're an S-Corp owner earning $150,000 in W-2 compensation.
You decide to contribute 20% to your SEP IRA.
That's $30,000 toward your retirement.

But you also have two eligible employees, each earning $55,000.

That same 20% contribution means another $11,000 into each employee's SEP IRA.
Your total employer contribution is now $52,000, not $30,000.

That's an additional $22,000 the business needs to account for.

So as you hire employees and your business evolves, the economics of your retirement plan can change.

That doesn't make a SEP IRA a bad choice.

But before deciding how much to contribute, or whether a SEP is the right plan in the first place, it's worth looking at a few things.

Which employees are eligible? What will the total employer contribution cost? Would a different retirement plan structure better support your goals?

10/21/2026

Your business has $150,000 sitting in the bank.

But how much of that money is actually available to you?

This is a distinction I think more business owners need to pay attention to.

Especially in industries like construction, electrical, and HVAC, where money can come in large amounts and go right back out just as quickly.

You might have a healthy bank balance today, but what about:

• Payroll coming due next week?
• Vendor invoices that haven't been paid?
• Taxes that haven't been set aside?
• Equipment purchases or upcoming projects?
• The cash reserve needed to keep operations running?

Suddenly, that $150,000 doesn't look quite the same.

And this is where I think a simple 13-week cash flow forecast can be incredibly useful.

Rather than just looking at what you have in the bank today, you're mapping out what's expected to come in and go out over the next three months.

It gives you a clearer picture of when cash might get tight, how much you can reasonably distribute to yourself, and whether the business can support upcoming expenses.

Your bank balance tells you where you stand today. Your cash flow forecast helps you prepare for what's coming next.

10/20/2026

Planning to sell a business, investment property, or another appreciated asset in 2026 or 2027?

There's a major tax-planning change worth understanding before that transaction happens.

Starting January 1, 2027, the Qualified Opportunity Zone (QOZ) program enters a new phase.

And here's an important distinction: Even certain capital gains realized in late 2026 may qualify for the new rules if they're reinvested into a Qualified Opportunity Fund (QOF) beginning in 2027, within the applicable deadline.

For qualifying investments made under the new rules, there are three potential benefits:

1. Defer the original capital gain for up to five years.
Instead of recognizing the eligible gain immediately, you may be able to defer it until five years after the investment, unless an earlier taxable event occurs.

2. Reduce the amount of the original gain subject to tax.
A qualifying five-year investment generally receives a 10% basis increase against the deferred gain.

For example, reinvesting a $500,000 eligible capital gain could result in $50,000 of that original gain being excluded from federal taxation after five years.

That's $50,000 of excluded gain, not $50,000 in tax savings.

Certain qualified rural Opportunity Fund investments may receive an enhanced 30% basis increase.

3. Potentially exclude future investment appreciation.
Hold a qualifying investment for at least 10 years, and the appreciation within the fund may qualify for exclusion from federal capital gains tax.

That's separate from the tax still owed on the original deferred gain.

So what does this mean if you're considering a sale in 2026 or 2027?

The timing of your transaction and subsequent investment could materially affect which tax benefits are available.

Eligible gains generally must be reinvested within 180 days, although the applicable starting date can depend on the type of gain.

That means determining how much of your gain to reinvest, how much liquidity you'll need, and how the eventual tax liability will be funded should all be part of the conversation before the transaction.

Not every Qualified Opportunity Fund will be appropriate, but it's a strategy worth evaluating when a significant capital gain is on the horizon.

10/14/2026

My first real motivation for learning how money and retirement worked had nothing to do with clients. It was my mom.

My twin sister and I grew up in a single-parent household, and my mom did everything.

She built her career in healthcare at Penn Medicine, got us where we needed to be, showed up for sports and school, and somehow made sure we never really felt like we were missing anything.

She was/is my mom, my best friend, and the person who showed me what being a parent was supposed to look like.

When I got to college, I started thinking more seriously about how I could eventually give some of that back.

I wanted to be successful enough to help her retire early, but I also wanted to understand what it would actually take to make that possible.

That curiosity played a huge role in why I chose this career.

Funny enough, when I got started, a lot of the people I ended up working with were in healthcare.

Some of my earliest clients, who I still work with today, are RNs, CRNAs and other healthcare professionals.

Today, a large part of my practice is made up of construction, electrical and HVAC business owners and executives.

But I’ll always have a soft spot for healthcare.

A lot of where I am today started with the person standing next to me in this picture.

10/13/2026

$4.5 million of life insurance at 23 years old.

I put it in place about a month after JJ was born.

The reason was pretty simple: If something happened to me, would Kaylee and JJ be financially okay?

I didn’t have anywhere close to $4.5 million in assets... but what I did/do have is decades of future income ahead of me and a family that would depend on it.

Does everyone need $4.5 million of life insurance? Absolutely not.

But I do think everyone with people depending on them should know what they would need.

The best time to fix the roof isn't during a storm.

A lot of people have some coverage through work and assume they’re set. But 1 or 2 years of salary can disappear pretty quickly when you start accounting for years of lost income, a mortgage, childcare, education, and everything else your income helps support.

So the question I’d start with is: If something happened to you tomorrow, would your family actually be okay?

If you don’t know the answer, it’s probably worth doing the math.

10/12/2026

First football homecoming for JJ.

And I got to coach him through it.

Hard to beat that.

This season has been about a lot more than football for me.

I’ve gotten to watch him compete, struggle, bounce back, gain confidence and keep learning every week.

These Saturdays are going fast.

I’m enjoying every one of them.

10/09/2026

Nearly half of construction business owners in the U.S. are 55 or older.

That number jumped out at me.

Because behind every percentage on this map is a business that, at some point, is going to have to transition.

Maybe it gets sold.

Maybe a child takes over.

Maybe a key employee or management team buys in.

Maybe the owner simply wants to work less and keep collecting income from it.

But those outcomes usually don’t come together a year before retirement.

The business has to become less dependent on the owner. The leadership team has to be ready. The financials need to be clean. And the owner has to know whether the value they’ve built is actually enough to fund whatever comes next.

That’s why I think exit planning is going to become an increasingly important conversation across construction over the next decade.

For a lot of owners, the biggest financial asset they have built is the business itself.

The question is whether they’ve built a plan for eventually turning that value into the next chapter of their life.

Address

201 King Of Prussia Road Suite 501
Radnor, PA
19087

Opening Hours

Monday	7am - 8pm
Tuesday	7am - 4am
Wednesday	8am - 8pm
Thursday	7am - 4pm
Friday	8am - 5pm

Telephone

+16108909098

Website

http://www.linkedin.com/in/jefffiloon/

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