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Hello and welcome! My name is Damon Paull, and I’m delighted to have you here on my business and finance blog. As a proud Marine Corps veteran who has traveled to over 20 countries and worked in multiple regions across the world, I am eager to share my wealth of experiences with you. From captivating financial adventures to practical tips that will help you meet your objectives - I love helping business owners and veterans!

We’ll explore an array of topics such as employee benefit packages, various retirement savings options like 401(k) plans, SEP-IRAs, Solo IRAs, Traditional IRAs, and Roth IRAs. Additionally, I’ll be sharing valuable insights from my knowledgeable CPA tax team to keep you informed about current tax strategies.  Stay tuned for inventive investment portfolio ideas that can set you on the path towards financial freedom. We will also discuss timely stock market updates and essential estate planning concepts. To round it off, we’ll delve into pertinent insurance information to ensure your financial well-being remains safeguarded.

Check back frequently for new posts that are sure to enlighten and inspire. If there’s a burning financial question keeping you awake at night or if you’d simply like some guidance on specific matters, please feel free to reach out – My team and I are here to help!

Wishing you and your family much success!

Damon Paull

Wealth Management Advisor

703.362.5747

DPaull@totuswm.com

*Please remember, this blog is solely for educational purposes and should not be viewed as personalized financial, legal, or tax advice. If you require assistance in achieving your objectives, feel free to reach out to me directly. My dedicated team and I are always eager to support you on your journey!


Monday, March 11, 2024

Learn how a Roth IRA can help build a solid financial future for your children while providing tax advantages.

Thursday, February 29, 2024

Anticipating Fed rate cuts in 2024: CPI updates, PCE index, and meeting schedules.

Thursday, February 15, 2024

Discover the difference between short-term and long-term capital gains, how to offset losses, and important tax considerations in this informative piece.

Monday, January 15, 2024

Achieve financial success in 2024 with these smart resolutions for saving, paying off debt, and spending wisely. Get expert tips from our Houston financial advisor.

Tuesday, January 2, 2024

Secure your financial future with a 401(k) investment. Learn how tax advantages, employer contributions, and compounding growth can help you achieve the retirement lifestyle you deserve.

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Monday, December 18, 2023

Estate Planning for Intellectual Property: Valuing, managing, and safeguarding your patents, trademarks, copyrights, and trade secrets for the benefit of future generations.

Monday, November 20, 2023

Unlock the potential of a backdoor Roth IRA to save on taxes and build a secure retirement. Find out how high-income earners can contribute to a Roth IRA using this strategic approach.

Monday, November 6, 2023

Discover world-class investment opportunities and diversify your portfolio for maximum returns. Achieve your financial goals with our professional financial advisory services in sunny Houston, Texas.

Monday, October 30, 2023

Struggling to balance college expenses and retirement savings? Discover strategies to navigate competing financial goals successfully.

Monday, October 23, 2023

HSA or PPO? Get insights on tax advantages, flexibility, and coverage limits. Make a smart insurance plan decision for a secure future

Monday, October 16, 2023

Totus Wealth Management expands with $327M team, bringing together top advisors from MML Investors Services and Capstone Financial.

Monday, October 16, 2023

Navigating the complexities of handling a loved one’s estate. A comprehensive checklist to help you through the process of grieving and managing practical matters.

Thursday, October 12, 2023

Unsure about how much life insurance you really need? Learn how to assess your goals and make informed decisions to safeguard your loved ones’ financial security

Wednesday, October 11, 2023

Estate & Gift Tax 2023 Guide: Understand the impact on your income tax return with major changes in estate & gift taxes. Learn about rising exemption limits, annual gift increase & looming sunset of benefits.

Tuesday, October 10, 2023

Addressing extended care needs? Gain insights into the costs, types of services, and payment choices to help protect your assets and maintain independence in retirement.

Monday, October 9, 2023

Revolutionary collaboration empowers gig workers with essential benefits and tax-saving resources. Learn how Totus Wealth Management and Gig Worker Solutions are transforming the industry!

Friday, October 6, 2023

Ensure the future of your estate with a well-chosen trustee. Explore the importance of financial expertise, co-trustees, and professional trustees in comprehensive estate planning.

Thursday, October 5, 2023

Discover the Rule of 72: Double your investments with this powerful tool for financial planning. Learn how to estimate doubling time and make informed investment decisions.

Tuesday, October 3, 2023

Managing risk with municipal bonds: Consider investment-grade general obligation bonds and essential service bonds, and explore mutual funds for diversification.

Friday, July 28, 2023

Attention 1099 contractors! Get the benefits you deserve with our exclusive plan featuring telemedicine, ID protection, group life insurance, and more.

Tuesday, July 4, 2023

Mark this special occasion with loved ones, reflecting on the sacrifices that shaped America. Enjoy a happy and safe Fourth of July!

Monday, June 5, 2023

Discover strategies for you to keep the grill full of steak, sirloin, and rib-eyes without becoming a rancher or buying a herd. How steakhouse owners can survive amid skyrocketing cost of food prices, beef prices, soaring inflation...

Thursday, June 1, 2023

How to Choose the Right Trustee for Your Estate Plan: Appointing a trustee is a crucial decision that can have a significant impact on your estate and beneficiaries futures. This guide offers essential questions to consider when selecting

Monday, May 15, 2023

Self-employed? Explore the top retirement plan choices: Solo 401(k), SEP IRA, and Roth IRA. Build a strong foundation for your financial future and enjoy peace of mind.

Tuesday, May 9, 2023

Valuable risk management tool for smaller businesses. D&O insurance covers defense costs and financial losses for directors and officers.

Thursday, May 4, 2023

Uncover the crucial facts about beneficiary designations in estate planning. Protect your assets and loved ones with informed decision-making.

Wednesday, March 1, 2023

ERISA demystified: Gain a comprehensive understanding of this crucial legislation governing retirement plans. Learn how to navigate its complexities and ensure compliance.

Tuesday, February 28, 2023

Survive and thrive in today’s changing job market with these 4 financial tips for employment transitions. Buffer budget, emergency savings, old 401(k) options, and tax strategies.

Wednesday, February 22, 2023

Ensure a harmonious legacy for your family by avoiding estate planning mistakes. Learn how to protect assets, manage digital assets, and update instructions to preserve Thanksgiving traditions.

Tuesday, February 14, 2023

Happy Valentine's Day 2023 from ATA - Houston! ...(click photo for more...)

Tuesday, February 14, 2023

Stand out as a business owner by adding a Roth option to your employee benefits package for a competitive edge. Maximize retirement savings with a two-account approach: traditional and Roth 401(k) options to adapt to changing tax rates.

Thursday, February 9, 2023

Supporting Türkiye earthquake victims: ATA Houston raises $46,000+ in record time. Donations entrusted to TPF, a trusted nonprofit with 100% rating on Charity Navigator. Find out more.

Thursday, February 9, 2023

Unlock financial success with our expert insights on building and maintaining wealth. Discover the overlooked secret to wealth preservation today!

Wednesday, February 8, 2023

Houston’s ATA initiates fundraising for Turkey earthquake victims. Be part of the solution. Donate today and help rebuild lives!

Wednesday, February 8, 2023

Türkiye earthquake leads to event cancellation. Choose to donate or get refund for concert donations. ATA Houston supports victims

Monday, February 6, 2023

Support ATA-Houston’s earthquake relief fund and aid the survivors in Türkiye. Together, we can make a positive impact and bring hope to those affected.

Monday, February 6, 2023

We are looking for talented social media volunteers to join our Turkish team immediately. If you are a student, young professional, or bored social media pro, this is an excellent opportunity to showcase...

Friday, February 3, 2023

Discover investment strategies with our team. Create a customized portfolio and explore alternative investments to potentially maximize returns and protect against risks.

Thursday, February 2, 2023

Learn how to start saving for retirement and secure your financial future. Discover simple strategies to increase savings and prepare for unexpected expenses. Get a personalized savings plan today!

Thursday, January 19, 2023

Financial well-being insights: Discover the truth behind common money myths and gain valuable knowledge to secure your financial future.

Friday, January 13, 2023

Calling all Houston Rockets fans! Don’t miss the opportunity to meet Alperen Sengun and wave Turkish flags at the game on Jan 25th. Join ATA Houston and become a member to enjoy exclusive perks and support our activities.

Tuesday, December 27, 2022

Enhance your 401(k) program with strategies like expanding investment choices, simplifying user experience, and reducing liability.

Thursday, December 15, 2022

Key questions to address in your succession plan: partners’ roles, selling to outsiders, new leadership, and business structure changes. Plan for a successful handover.

Tuesday, December 13, 2022

Make the most of the joyful holiday season by engaging in financial discussions with your loved ones. Our trusted financial advisor in Houston, Texas is here to provide guidance and support.

Monday, December 12, 2022

Unleash Your Health Potential: Experience the power of IV hydration with Prime IV in Cypress, TX. Infusing your body with a proprietary blend of nutrients for improved healing. Replenish and revitalize your cells today!

Friday, December 9, 2022

Free LinkedIn Premium for Veterans: Unlock career opportunities with access to 16,000+ courses. Upgrade to premium and boost your professional profile now!

Thursday, December 8, 2022

Uncover the importance of portfolio rebalancing and consistent investment strategies. Unlock the potential of diversification for long-term wealth.

Tuesday, November 29, 2022

ATA Houston invites you to an exciting members-only event! Find out why being a member has its advantages and join us for a memorable evening.

Monday, November 28, 2022

Examining the Fed’s approach to inflation in 2022 and its impact on global events. Learn how tightening monetary conditions may tackle rising inflation.

Friday, November 11, 2022

Honoring America’s bravest: A heartfelt thank you to Marines, Special Forces, SEALs, and more for their dedication and sacrifice. Join us in celebrating their inspiring service.

Monday, November 7, 2022

Join us for an unforgettable camping experience with ATA-Houston Family! Enjoy hiking, games, campfire, outdoor cinema, and more. Limited tickets available, so get yours now!

Wednesday, November 2, 2022

CARVERCON: The Premier Threat & Vulnerability Assessment Conference. Friday, November 4th, 2022 at The University of South Florida Military Leadership Conference Center, Tampa, Florida. ...(Click photo for more info)

Tuesday, November 1, 2022

Discover the importance of a financial quarterback for small business owners - a single point of contact to coordinate advice, save time, and provide a holistic view of your finances.

Wednesday, October 26, 2022

Get valuable information on startups, rural firms, women-owned businesses, and more with the Small Business Credit Survey. Track credit applications and outcomes for a comprehensive overview.

Tuesday, October 25, 2022

Discover the best retirement plans for small business owners and gain valuable insights for financial success. Explore individual 401(k), SEP, and SIMPLE plans.

Monday, October 24, 2022

Experience an unforgettable evening at the Annual Republic Gala honoring the 99th Anniversary of the Republic of Turkey. Enjoy live Turkish music, a formal dinner, and a chance to win exciting raffle prizes. Don’t miss out!

Monday, October 24, 2022

Celebrate Diwali with a focus on financial well-being. Learn how to set goals, create a budget, protect your assets, seek professional advice, and give back. Happy Diwali!

Friday, October 21, 2022

Join us at Guitars N’ Cars, Houston’s beloved car show and music festival, supporting veterans and raising funds for U.S.VETS - Houston.

Tuesday, October 18, 2022

Navigate the small business healthcare maze with these key points, including tax credits and the SHOP program. Learn how to provide healthcare coverage that benefits your business and employees.

Monday, October 17, 2022

Discover how to qualify for student loan forgiveness and apply online with the Department of Education. Get up to $20k in relief. Beware of scams.

Friday, October 14, 2022

Lessons Learned from Legends and Leaders Thursday, October 20th, 2022. 5:30 p.m. - 7:00 p.m. The Forest Club, 9950 Memorial DriveHouston, TX 77024. Register today for the upcoming NAIFA Houston Lessons Learned from Legends.

Tuesday, October 11, 2022

Learn how to strategically manage your taxes as a business owner. Claim tax credits, control when taxes are paid, and avoid common tax planning mistakes for optimal financial outcomes.

Tuesday, October 4, 2022

Maximize your entrepreneurial journey with goal-based wealth management. Manage risks, consider tax implications, and build a legacy strategy for lasting success.

Thursday, September 29, 2022

Protect your business and management team with Directors and Officers Liability Insurance. Learn why it’s crucial for businesses of all sizes.

Wednesday, September 28, 2022

Learn how to secure the future of your business with a strategic succession plan. Maximize value, ensure continuity, and plan for the unexpected. Read more.

Tuesday, September 27, 2022

Empower your employees to maximize their 401(k) benefits with in-person conversations. Gain deeper understanding and optimize investments.

Sunday, September 25, 2022

Delve into the heavenly world of Any Mini Dessert Cakes in Cypress, TX. Discover a range of offerings, from events and catering to a virtual conference room and kid’s baking area.

Friday, September 23, 2022

Tailor-made retirement strategies for small-business owners. Discover a personalized approach to secure your financial future. Contact us for a complimentary review today!

Wednesday, September 21, 2022

Maximize your company’s 401(k) plan benefits with expert help. Discover how a financial professional can enhance employee benefits and reduce fees.

Tuesday, September 20, 2022

Discover the journey of Artega Holmes, founder of Magic Dollar in Cypress, Texas. Learn how his commitment to excellence and multi-generational success drives his business, leaving a lasting legacy.

Friday, September 16, 2022

Support local business in Houston, TX! Cafe Marrese offers delicious food, outdoor seating, a conference room, and an isolation pod. Cheers to their success!

Friday, September 16, 2022

Our Totus team members leant their hands Saturday morning at the Houston Food Bank for the 9th Annual 9/11 National Day of Service Volunteering Event.

Friday, September 16, 2022

Discover the valuable insights and resources shared by Cetera Advisors Growth Officer, Chris Rigsby, during his visit to our Houston office. Learn how Cetera can support your advisory work.

Thursday, September 15, 2022

Prepare for the potential sunset of the higher estate tax limit and increase in tax rate. Consult with experts to minimize tax burden on wealth transfer.

Friday, September 9, 2022

Choosing a Business Structure: Pros and cons of sole proprietorship, partnership, C-corp, S-corp, and LLC. Tax implications and liability protection discussed. Consult us for personalized advice.