Notre Dame Quarterback Transferring to UCF

Since 2007, financial advisor Robert Gill has served as president of New Jersey's Epic Wealth Management, where he oversees a team of account managers and financial advisors responsible for providing services, such as life insurance and estate planning. Beyond his professional pursuits, New Jersey's Robert Gill is a passionate fan of the Notre Dame Fighting Irish football team.

After a season in which he was ousted as the team's starting quarterback, Brandon Wimbush recently announced he was transferring from the University of Notre Dame to the University of Central Florida (UCF) for the 2019 season. Wimbush made the announcement on Instagram and thanked the school for the opportunities he received, while also expressing excitement at the possibility of playing for UCF.

The Teaneck, New Jersey, native started 12 games during the 2017 season, but was replaced after only three games in 2018 by Ian Book, who led the Fighting Irish to a perfect 12-0 regular season record, as well as an entry in the College Football Playoff. He concludes his stint at Notre Dame with 20 touchdowns, 12 interceptions, 2,606 passing yards, and 1,156 rushing yards. Wimbush is expected to compete with sophomore Darriel Mack Jr. for the starting quarterback position at UCF.

The 1035 Exchange and How It Works

Robert Gill owns and leads Epic Wealth Management, a financial services firm in Red Bank, New Jersey. As a financial advisor, Robert Gill brings to the New Jersey firm an in-depth knowledge of 1035 exchanges and other life insurance and annuity strategies.

The 1035 exchange is a strategy based on Section 135 of the Internal Revenue Code. It provides holders of annuities or life insurance policies with the opportunity to exchange their policies without the tax implication of a surrender or sale.

Some policy holders conduct a 1035 exchange to offset the tax implications of cashing in the product. Others prefer different benefits or features. In many cases, a holder of a fixed annuity will switch to a variable rate policy that may offer better returns.

An annuity holder may exchange his or her product for another annuity, while a life insurance subscriber can change to a new insurance policy or to an annuity. However, one cannot exchange an annuity for a life insurance policy.

A 1035 exchange may constitute a full or partial transfer of the policy or contract. Partial exchanges may result in a cash benefit, but any income from such a transaction is taxable. These transactions are complex, as are full exchanges, so an advisor's assistance is usually necessary.

James Conner Thriving in Place of Steelers Holdout Le'Veon Bell

As president of New Jersey's Epic Wealth Management, financial advisor Robert Gill oversees a team of account managers responsible for more than 800 individual client portfolios. Although he resides in New Jersey, Robert Gill is a passionate fan of the National Football League's Pittsburgh Steelers.

The Steelers have been without star running back Le'Veon Bell through the first eight weeks of the 2018 regular season while he holds out from his contract, but his absence hasn't had much of an impact on the team's offense. Conversely, his replacement, James Conner, has been thriving as the team's starting running back. Selected by the Steelers in the third round of the 2017 NFL Draft, Conner managed 144 rushing yards on 32 attempts last season and already has 9 touchdowns as well as 599 rushing yards on 127 attempts through 7 games this season. Moreover, he has 323 receiving yards on 31 catches.

Conner's play has improved as the season has progressed. In October, the 23-year-old University of Pittsburgh alumnus scored 6 touchdowns and registered a combined 526 yards from scrimmage. As a result, he was named the AFC Offensive Player of the Month for the first time in his career.

How Nonqualifying Deferred Compensation Plans Are Taxed

Financial advisor Robert Gill has been working in the financial services industry for more than 20 years. Robert Gill oversees daily operations at the independent brokerage firm of Epic Wealth Management in New Jersey,

Over the course of his career, Mr. Gill has handled many financial tools and plans designed for financial security, including nonqualified deferred compensation (NQDC) plans. Also known as 409A plans, NQDC plans allow employees to delay the receipt of compensation such as salary, bonuses, and other taxable income. 

Most companies offer NQDC plans as an executive retirement benefit since 401(k) plans are not good fits for high-earners. However, other workers can also set up NQDC plans with their employers.

One of the benefits of NQDC plans is that when funds are deferred, a worker is not taxed on the deferred amount for that year. This allows high-earners to set aside a large portion of their salary for retirement without having to pay taxes on those earnings each year. 

However, when deferred compensation is collected, it is taxed. This means that a worker’s tax burden increases as their deferred compensation increases.

Extra taxes are also applied to the funds held by an NQDC plan if a worker receives funds from the plan early or if the plan doesn’t meet legal requirements. In these situations, workers are taxed on the entire amount of the deferred compensation as soon as they receive an early payout. This is true even if only part of the deferred funds are paid to the worker. Further, taxes are applied to the interest on the plan, and a 20-percent tax penalty may apply to all deferrals.

Financial organization , product diversification

Robert Gill, a New Jersey financial advisor, founder and CFO of Epic Wealth Management for more than a decade. In this role, Robert Gill helps his clients to understand deferred compensation plans and other financial products. EPIC has tools and technological platforms backed by human integrity that allow clients to make logical financial decisions and can measure their investment decisions. Once a financial philosophy is embraced , it allows clients to stay the course when the road gets bumpy. EPIC’S platform is built on a groundbreaking view of client’s financial world that is updated daily. 

Designed for high-earning employees and executives, the deferred compensation plan allows a participant to set aside more of their pay than is permitted under a 401(k) or comparable retirement vehicle. The money grows on a tax-deferred basis, although the employee would have to pay taxes on its withdrawal. If the saver is in a lower tax bracket at the time of withdrawal, he or she would save the difference in taxes due.

In some cases, the employee can also choose an investment vehicle in which to place the deferred compensation contributions. In other cases, however, the company may pay interest directly to the saver. Both versions allow the deferred funds to remain in the possession of the employer.

This means that if the company finds itself in financial trouble, participants in deferred compensation plans may see their money allocated to secured creditors. This does translate to some degree of risk, but many high earners find the increased flexibility in saving for retirement to be worth the potential loss.

Saint Peter's Prep School Alumnus Named Notre Dame Starting QB

The recipient of a business marketing degree from Castleton State College, Robert Gill is a New Jersey resident who serves as president of Epic Wealth Management, a subsidiary of Chelsea Financial Services. New Jersey's Robert Gill provides scholarship opportunities through Saint Peter's Preparatory School and is a fan of the Notre Dame Fighting Irish football team. 

The 2017 college football season begins toward the end of August and the Fighting Irish's starting quarterback will be Brandon Wimbush, a 2015 alumnus of Saint Peter's Preparatory School. Wimbush, a 6-foot-1, 228-pound native of New Jersey, debuted with Notre Dame as a freshman in 2015 and played in only two games. He made seven rush attempts and recorded a touchdown, but didn't throw the ball. He was redshirted in 2016 while DeShone Kizer and Malik Zaire battled for the role of starting quarterback. 

The 20-year-old finance major contemplated transferring schools, but eventually embraced the redshirt role and practiced hard throughout the year against the team's defense. He also made the most of his extra time to study film and improve his conditioning in the gym. Following the end of the 2016 season, Kizer entered the NFL Draft and was selected by the Cleveland Browns, while Zaire transferred to the University of Florida. Wimbush, meanwhile, makes his 2017 regular season debut as Notre Dame's starting quarterback on September 2 when the team plays Temple.

Hospital names new trustees

Hospital names new trustees from Robert Gill (New Jersey)