Ian Filippini: Looking Forward To Retire Overseas? – Here Are Some Place You Cannot Miss!

Ian Filippini Santa Barbara

Ian Filippini Santa Barbara

Ian Filippini

Looking Forward To Retire Overseas? – Here Are Some Place You Cannot Miss!

Choosing where you wish to spend your retirement years is one exciting choice to make! However, hundreds of considerations come along, like cost of living, the budget and if you are actually getting the perfect value for your money! An ideal retirement is living in a place where you can have a rich life, filled with the company of your loved ones and it should be a place where you always wanted to be or something close to that!

Ian Filippini from Filippini Financial Group in Santa Barbara is among the top financial advisors and he can guide you the best towards making a sound retirement decision. Although you can go here somewhere in the United States, but where’s the fun in that, right? If you are looking forward to spending a fun and adventurous life in a heavenly place, you will most certainly choose one out of these:

Italy

Although the costs of living in Rome, Venice or Florence MIGHT go beyond most retirement budgets, but that doesn’t necessarily mean you should consider taking Italy off your retirement list. If this is the country where you always wanted to be, something or the other can always be figured out. For an affordable option, you can check out Abruzzo, a heavenly place to start off with exploring the coasts and the mountains.

France

A country with the world’s most beautiful and most loved filed capital is something most people can’t afford to miss! France boasts some of the world’s best wines, parks, malls, clubs, museums, and tones of architecture that will have you drooling! Even if you have a small retirement budget, chances are you will be able to find something in France. The best options are to go to the Southwest, where small towns give you the perfectly affordable lifestyle.

Spain

Known for its mesmerizing coastlines and beaches, Spain is the perfect place to retire! With places like Costa del Sol and Barcelona, a city on the ocean, you can be sure to have a serene cosmopolitan life near the ocean. Moreover, the best part is that you can find an affordable home here that doesn’t go out of your retirement plan!

Croatia

If you and your spouse love to be in between unspoiled nature and rich history then you will definitely love Croatia! The Istrian Peninsula here offers some of the most appealing and delightful views here while the coastlines are all lined up with amazing beaches. The architecture here is largely made of red clay and white stone, the land is green and rich in agriculture, certainly one of the most desired retirement destinations.

Thailand

Looking for a cheap but sophisticated lifestyle? Thailand is the place to be! Thailand is also one of the few countries in the region that offer flexible options for retirees. Over 15% foreigners make up the entire population of retirees here and with options like 13 golf courses, rich culture, amazing cuisine and a high quality of life, the number of foreign retirees is expected to increase in the coming years.

Malaysia

After Thailand, Malaysia is the next easiest country to retire to. The capital here, Kuala Lumpur is among the most successful and most developed cities in the world, with architectural wonders like Petronas Towers, two of the tallest skyscrapers in the world. There are a large number of malls and each sight boasts technology and great infrastructure. However, if you are more of a nature lover, there is still something for you in Malaysia, like the village of Kampung Baru, which has a complete rural touch to it.

Unlike some places in Asia, foreign retirees are more than welcomed in Malaysia and the government offers certain visa benefits, which allows retirees to spend the rest of their time conveniently. Ian Filippini from Filippini Financial Group in Santa Barbara explains that all you need to go to Kuala Lumpur is good English and a tourist’s visa, which can be easily extended for a long stay there.

Ian Filippini says that the top considerations while looking for a place to retire should be the quality of life, the budget and the amenities present in the destination. If you are more of an outgoing, adventurous person, then places like Italy and France will surely be perfect for you. On the other hand, if you like to be surrounded by nature and greenery then the best places would be some places like Croatia or Thailand! Think well and plan ahead!

For the best retirement plans, be sure to consult Ian Filippini from Filippini Financial Group in Santa Barbara!

 

 

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Ian Filippini: What Do You Know About Estate and Estate Taxes? Some Frequently Asked Questions!

Ian Filippini Santa Barbara

Ian Filippini Ian Filippini Santa Barbara

Ian Filippini

What Do You Know About Estate and Estate Taxes? Some Frequently Asked Questions!

Estate planning and estate protection planning are two terms which are gradually becoming common here in Santa Barbara, says Ian Filippini from Filippini Financial Group in Santa Barbra. A large number of people are progressively starting to realize the importance of estate planning and exactly why they need it.

Those of you, who have been investing in creating a solid residential or commercial real estate portfolio, must realize that estate planning has a number of benefits that you can get. Here are some questions about estate planning, which you might have been thinking about, and the answers from the wealth management professional, Ian Filippini.

What Exactly Are The Things Included In Estate?

Ian Filippini explains that your total estate is the total accounting of everything you own or have interests in, at the day of your death. However, the value of these assets is calculated according to the fair market value, no what you had paid for them. You total estate could include real estate, securities, trusts, and other assets.

If I Own A ½ Interest In A Business With My Sister, What Part Of It Would Be Included In My Total Estate?

Depending on a number of factors like, how you acquired your estate, how it is supposed to be treated under the state law, most probably, you would only be able to include half of the business’s value in your total assets. However, a large number of legal factors are effective here, so you might want to consult a professional like Ian Filippini from Filippini Financial Group in Santa Barbra.

What Is Not Included In My Total Estate?

Usually, your total estate doesn’t not include any assets or properties, which are solely owned by your spouse or any other individual. Lifetime gifts that are complete and life estates given to you by others, over which you have no power after your death, are also not included in your total estate.

Are There Any Loopholes To Cut Down Estate Taxes?

Not exactly loopholes, but there are legal ways to cut down the estate tax, says Ian Filippini. Some of those ways are:

  • One of the most common type of deduction people look forward to, is marital deduction. In the case where you pass away, leaving your assets to your spouse, the property must pass outright.
  • If you leave your property to a charity foundation, it is deductible from your total estate.
  • Mortgages also allow you to decrease taxes.
  •  Any losses during estate administration can also help.

What Should Consider When Hiring Help For My Estate Planning?

Filippini Financial Group, located in Santa Barbra says, there are a number of considerations you need to make, and just hiring a lawyer might not work out every time. Ian Filippini urges you to make the following consideration when hiring help:

  • The size of your estate (monetarily and physically)
  • How multifaceted can handling your estate get?
  • How are your previous financial records?
  • How many beneficiaries are there? Do you know that they will cooperate with each other?
  • Do you need estate-planning help?

With all these considerations in mind, it is a good idea to look around among different legal advisors, lawyers and professionals before finally deciding to choose one. Preferably, go for a firm, which has years of dedicated experience, a firm like Filippini Financial Group!

Do I Need To Be In Constant Contact With The IRS?

No, not at all. As soon as you choose an estate planning professional, you wont be needing to handle all taxation or IRS issues yourself, but of course, you need to be there if an IRS representatives asks you to be there.

What If Have All My Tax Filing Documents Ready, But Fail To Submit Them By The Due Date?

In such a case, usually your estate-planning professional or representative is supposed to file for an extension for the deadline. This extension can be extended up to 6 months. However, the legit amount of tax still needs to be paid, and interest is accrued on any amount that remains after the due date.

These are some of the most general questions you might have, and the answers to them. However, according to Ian Filippini from Filippini Financial Group, there is usually more to estate planning than we normally think. He says that if you have a diverse portfolio of real estate investments in Santa Barbara, it would be a good idea to have professional help by your side, so that you make decisions that favor you and your loved ones in the future!

 

 

 

 

 

Ian Filippini: Santa Barbara on a Budget

Ian Filippini

Ian Filippini

Ian Filippini

Santa Barbara on a Budget

If you think that visiting Santa Barbara on a budget is out of the question, Ian Filippini Santa Barbara, Filippini Wealth management Inc. president, is here to tell you differently. The beautiful costal city is home to only about 90,000 residents, but there’s an enormous number of visitors who flock to the city each summer to enjoy the beaches, festivals and other activities enjoyed in SB. Ian Filippini Santa Barbara is here to change the minds of those thinking you cannot affordably visit the city. Continue reading to learn his advice for your budget-friendly trip.

Nowhere Else on Earth

Santa Barbara is certainly an affluent town. There are millionaires on every block, and celebrities like Oprah Winfrey either live in the city or own a guest or vacation home in the area. There’s certainly many exquisite attractions, whether you want to enjoy PGA class golf or five-course meals at some of the most superb restaurants in Southern Cal. But, there are also tons of cheaper, more affordable options for those who haven’t this large  bank account or financial status in life.

When will you Travel?

The best way to save money when traveling, according to Ian Filippini Santa Barbara and all other budget-conscience travelers, is to travel during off-season. The warmest time of the year in the city is the fall and summer, and these two seasons are known as peak season. Traveling during peak season is fairly expensive, and bargains won’t be quite so easy to spot. Traveling during the winter or spring months is a far more viable option if you are looking for the best deals.

Your SB Stay

There are enamoring hotels in Santa Barbara, but there are also an assortment of cheaper hotel and motel options as well. To find these deals, a search of the internet is in order. While considering the cost of the hotel, make sure that you also look at other extras that might be thrown in for free (which saves a ton of cash) such as free breakfast, free shuttle and free parking. Some of the more affordable lodging options in the city include:

  • The Sandman Inn –Located in the downtown State Street area of town.
  • Hotel Goleta –Hotel located close to the airport
  • Oasis Inn & Suites –Oasis is also located on State Street
  • Peterson Village Inn –Located in Solvang
  • AAE SB Hostel –Room rates per night can be as low as $25
  • Hotel Quality Inn – Located on De La Vina Street

Getting around the City

Taxi cabs are available for transportation in the city, but this can become pretty expensive, especially if you plan on seeing a lot of what the city has to offer. A more affordable option is to rent a car. Not only can you enjoy your time as you desire when you rent a vehicle, you will also spend much less than what would be spent on a taxi.

Even better, walking around the city on foot is an option. There’s no cost to walk on foot, and there are far more discoveries to be made when you are on foot, things that you might not see in a vehicle.

Free Stuff to Do

There are many expensive attractions in the city, but you will also find a plethora of freebies offered as well. Alameda Park, most of the beaches, and tons of museums offer free admission, so be sure the things are included on the agenda.

With the information provided here by Ian Filippini Santa Barbara and Filippini Wealth management Inc., you can visit the city even when money is an object of your concern.

 

Ian Filippini: Renting a Car in Santa Barbara

Ian Filippini

Ian Filippini

Ian Filippini

Renting a Car in Santa Barbara

Filippini Wealth Management Inc. is one of Santa Barbara’s most prominent names in financial services. Operated by Ian Filippini Santa Barbara, this agency has experts ready to guide you through all of your financial needs small and large. In an effort to assist you in better money management, Ian Filippini Santa Barbara offers to you a list of the top car rental agencies in the city, as well as tips for saving money on your booking.

Avis Rent A Car

Avis Rent A Car is located on Montecito Street. They are open 7 days per week for your convenience, offering a wide range of vehicles to accommodate your needs. Specials for weekly rentals are available, and online booking is also offered.

Enterprise Rent A Car

Enterprise is another well-known car rental company with a SB location to serve your needs. The center is located on Chapala Street. They have compact cars, trucks, luxury automobiles and more.

Budget Rent A Car

Budget is located on East Haley Street. Their rates are usually lower on car rentals than other agencies,  but some people note the selection of vehicles is not as large as what is found with other companies.

Hertz Corporation

Hertz has several locations in the city, including one on State Street and another on S La Cumbre. Hertz provides fast, friendly service with a wide selection of vehicles to pick from, as well as nice prices to go along with it all.

 

Booking Tips

Ian Filippini Santa Barbara and Filippini Wealth management Inc. offer the follow tips for booking your car rental:

  • If you need a vehicle for three or more days, check out weekly rental costs. Chances are it will cost you about the same, and depending upon the day of the week that you book, might even cost less than rental for the three days.
  • Consider whether or not you really need the extra insurance offered by the rental agency. In most circumstances your car insurance will cover the rental, so this is an unnecessary expense.
  • If possible, avoid renting a vehicle on the weekends, when the rates are substantially more than weekday rental costs.
  • Buy your own gas rather than rely on prepaid fuel. You are likely  to spend twice as much filling the tank if you opt for the prepaid fuel option than you would filling the tank yourself.
  • It is always cheaper to rent a vehicle at a non-airport location. Although you might find it convenient to pick up at the airport, expect to spend more for this luxury.
  • Average car rental rates in SB for an economy car are $32.44 per day, while typical rates for a luxury vehicle are $82.88 per day. An SUV averages a $64.04 per day rental rate, and a compact car rents for an average of $34.22 each day.

Benefits of a Rental Car

Benefits of a rental car are numerous. With the vehicle you are sure to be able to get out and enjoy the city to the fullest. It is a far more practical method of getting around than any other transportation option, and when done correctly, it is also one of the most affordable. There are a ton of other exciting benefits that come along with the rental of a car for personal use, including the ability to be with the people that you know and trust and the chance to enjoy activities for as long as you would like without being rushed to stay with the group.  Take advantage of these benefits and use one of the awesome car rental companies in the area that are eager to serve your needs.

 

 

Ian Filippini Santa Barbara No More Probate

Ian Filippini

Ian Filippini

Ian Filippini Santa Barbara

No More Probate

Find out more about author Ian Filippini on

Probate is something that everyone would just rather avoid.  It takes up your time, usually it takes money (because usually you need a lawyer), and it ties up your loved one’s estate for as long as it takes the probate process, and this includes paying any debts that are owed.  When you are dealing with a loved one’s death, you are already dealing with so much, probate is not something that you want to throw onto the fire.  Luckily, there are some legal ways to avoid some, or all of your estate from going to probate court after you die.  Ian Filippini has been helping his clients’ estates avoid probate for many years.  In this article, Ian Filippini will briefly discuss several ways to avoid probate.
According to Ian Filippini Santa Barbara and Filippini Financial Group, Inc., the easiest way to avoid some of your property going through probate is to gift it away before you die.  Of course, says Ian Filippini and Filippini Financial Group, Inc., this comes with a lot of strings attached.  You have to be willing to be done with the property already (before you die), and know who you want to inherit it.  According to Ian Filippini, there will also be gift taxes associated with this strategy.  Ian Filippini Santa Barbara says to talk to your estate planning specialist to determine if the taxes or the cost of probate for that property will be less expensive.
Ian Filippini asserts that setting up payable on death accounts is also an easy way for that money to avoid probate.  Ian Filippini Santa Barbara and Filippini Financial Group, Inc. say that this process is just as easy as you would think; you set up certain accounts (or all of your accounts) payable to a beneficiary at the moment of your death.
Lastly, Ian Filippini and Filippini Financial Group, Inc. will mention living trusts.  Ian Filippini says that this way, the trustee will technically own the trust.
Filippini Financial Group, Inc. was originally founded by Ian Filippini’s father, Alfred Filippini. Alfred passed away in 2009, but Ian Filippini’s mother still lives in the Santa Barbara area. Ian Filippini’s brother, Alex Filippini, has also been close by to be able to help Ian Filippini with Filippini Financial Group, Inc. Ian Filippini and Filippini Financial Group, Inc. take pride in spending the time to listen to their client’s goals and then implementing them.
Ian Filippini is not a licensed attorney and does not practice law. Filippini Financial Group, Inc. is not licensed to practice law and is not a law firm. Consult with a licensed attorney to review any legal questions or issues that may arise.

Iaian Filippini of Filippini Wealth Management Group Tip #17

Ian Filippini

Ian Filippini

Ian Filippini

Estate Planning Tip #17

Find out more about author Ian Filippini on

There is a lot that goes into estate planning.  There are a lot of people involved, a lot of meetings, a lot of documents, and a lot of, well, planning!    Sometimes with all of this involvement, you may just want to hurry up and be done with the process.  Especially if you are not financially planning minded, estate planning can be a real chore, and things can be missed.  Things such as planning for protection against estate recovery.  Of course you should have the help of a reputable estate planner by your side to help you and guide you through this process.  Iaian Filippini is a reputable estate planner and trusted financial consultant.  In this article, Iaian Filippini and Filippini Wealth Management Group, Inc. will discuss how you can protect your home from something called estate recovery.            Iaian Filippini and Filippini Wealth Management Group, Inc. have worked with many clients who’s only asset was their home, the house that they live in.  For many people, this is a reality, says Iaian Filippini.  They don’t have tons and tons of money, they just have their home (but they own it outright), says Iaian Filippini.  But what happens if you need government medical assistance at the end of your life? Unfortunately, says Iaian Filippini, if you get medical financial aide, and then you pass away and are not able to pay it back, your home (or any other assets) can be taken.            Iaian Filippini and Filippini Wealth Management Group, Inc. says that there is a way around this and it is called a life estate.  According to Iaian Filippini and Filippini Wealth Management Group, Inc., a life estate is when there can be two owners on a property, but they are for different time periods.  Iaian Filippini says that you would be the owner while you are alive, but another owner will automatically take over at the time of your death and cannot be taken.            Iaian Filippini is a Santa Barbara local and the president of Montecito’s Filippini Wealth Management Group, Inc. Filippini Wealth Management Group, Inc. is located in Montecito, California. Filippini Wealth Management Group, Inc. was created by Alfred Filippini, who is also the late father of Iaian Filippini and his brother Alex Filippini (also worked with Filippini Wealth Management Group, Inc.). Iaian Filippini’s mother also lives in the Santa Barbara area. Filippini Wealth Management Group, Inc. is not a law firm and is not licensed to practice law. Iaian Filippini is also not licensed to practice law and is not an attorney. No advice is given or intended with this article. No legal recommendations or guidance have been provided. Contact a licensed attorney to review any legal questions or problems you may be involved in.