Jeff Filoon, Financial Planner

Jeff Filoon, Financial Planner Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Jeff Filoon, Financial Planner, Financial planner, 201 King of Prussia Road Suite 501, Radnor, PA.

Consulting & Financial Management for Construction, Electrical, & HVAC Owners & Executive Leaders | Tax Strategy, Cleaner Cash Flow, Real Wealth Outside the Business

$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 s...
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.

First football homecoming for JJ.And I got to coach him through it.Hard to beat that.This season has been about a lot mo...
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.

Nearly half of construction business owners in the U.S. are 55 or older.That number jumped out at me.Because behind ever...
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.

Turned 30 back on September 21st. Now I’m standing in the middle of Munich.Pretty cool way to start a new decade.I spend...
10/03/2026

Turned 30 back on September 21st. Now I’m standing in the middle of Munich.

Pretty cool way to start a new decade.

I spend a lot of time thinking about the future.

Career goals. Financial goals. Family goals. What I want the next 5, 10, 20 years to look like.

And I think that’s important.

But you also have to enjoy the life you’re working so hard to build.

See new places.

Experience different cultures.

Make memories.

Spend some money on things you’ll remember long after you’ve forgotten what they cost.

Germany has been awesome so far.

And 30 is off to a pretty damn good start. 🇩🇪

The “buy the cheapest reliable car and invest the difference” crowd probably won’t love this one.I bought my Jaguar in J...
10/02/2026

The “buy the cheapest reliable car and invest the difference” crowd probably won’t love this one.

I bought my Jaguar in January 2022 when I was 25.

It had about 15,000 miles on it.

Today it has 140,000.

I knew when I bought it that I drove way more than the average person, so I made a conscious decision:

If I’m going to spend that much of my life behind the wheel, I want to enjoy what I’m driving.

The required payment was about $615/month.

But I added $60 every week toward principal, so I was really putting roughly $875/month toward it.

Two weeks ago, I paid it off. $875/month freed up in cash flow and a car I still love.

Could I have bought a cheaper car at 25 and invested the difference?

Absolutely.

Would that have produced the highest possible net worth on a spreadsheet?

Likely.

But I think personal finance gets a little weird when every purchase is judged only by whether there was a cheaper alternative.

I’ve put 125,000 miles on this car in less than five years. It made thousands of hours of driving more enjoyable. And instead of trading it in every few years, I paid it off and plan to keep driving it.

There’s obviously a line. I get it.

A luxury car you can barely afford with an 84-month loan is one thing.

Spending more on something you use constantly, can afford, and plan to keep for a long time is another.

Where do you fall?

Buy the cheapest reliable car possible and invest everything else?

Or spend more on the car if driving is a meaningful part of your life?

Last Week I sat down with the owner of a construction company doing roughly $28 million a year.But as the company grew, ...
09/16/2026

Last Week I sat down with the owner of a construction company doing roughly $28 million a year.

But as the company grew, his personal financial picture never really caught up.

Most of his wealth is still tied to the business.

He was paying a significant amount in taxes every year, but there wasn’t much proactive planning happening before the year ended.

His retirement plan was relatively basic for the amount of income the business was producing.

And while the company had become increasingly valuable, there wasn’t a clear plan yet for what eventually happens to it.

That’s a pretty common point of transition for successful business owners.

The strategies that worked when the company was doing $3M or $5M don’t always make sense when it grows to $20M, $30M, or beyond.

It’s about how much wealth should stay in the business.

How much should start moving outside of it.

How taxes, retirement, estate planning and an eventual exit all fit together.

The business grew. Now the financial strategy has to grow with it.

A write-off can be a great business decision.But where I think owners get into trouble is when the purchase only happens...
09/09/2026

A write-off can be a great business decision.

But where I think owners get into trouble is when the purchase only happens because they want to lower the tax bill.

If it improves efficiency, creates more capacity, or simply helps the business make more money, great.

In those cases, the tax deduction is a real benefit on top of a decision that already made sense.

BUT spending $100,000 to save $30,000 in taxes still means you spent $70,000.

If that $100,000 truck, machine, or piece of equipment is sitting there because December rolled around and somebody said, “You need more write-offs,” that’s a different story.

The deduction should be a bonus, not the main reason to buy something.

Strong opinion: more construction, electrical and HVAC owners should be asking about the R&D tax credit... Most business...
09/03/2026

Strong opinion: more construction, electrical and HVAC owners should be asking about the R&D tax credit...

Most business owners hear “research & development” and think tech companies, scientists and laboratories.

But in the trades, R&D can look a lot more practical.

Designing or modifying systems.

Testing new processes.

Developing better installation or fabrication methods.

Engineering around technical challenges.

That doesn’t mean every contractor qualifies. There are specific IRS requirements and the work needs to be properly documented.

But recent tax law made the conversation even more important.

The R&D credit itself is permanent, and OBBBA permanently restored immediate expensing for qualifying domestic R&D costs instead of forcing businesses to spread those deductions over five years.

For a business that legitimately qualifies, the tax impact can be significant.

If your company is constantly solving technical problems, testing new ideas and improving how work gets done, you may be doing more R&D than you realize.

09/02/2026

Say you’re 60 years old, own a successful business, and make $1 million a year.

You’re likely already maxing out your 401(k). You're probably looking for more deductions.

Now what?

Two weeks ago I talked about how a Cash Balance Plan can create significantly more retirement contribution room for the right business owner.

Let’s put some actual numbers around it.

In 2026, the 401(k) employee contribution limit is $24,500.

Because this owner is 60, they may also qualify for the special $11,250 catch-up contribution.

And with employer contributions/profit sharing, a 401(k) plan can potentially reach $83,250 total for someone age 60–63, depending on the plan design.

Pretty good but this owner is making $1 million/yr.

Now add a properly designed Cash Balance Plan.

A 2026 plan-design illustration for a 60-year-old with the maximum countable compensation shows a Cash Balance contribution of roughly $312,000, with the combined retirement-plan opportunity potentially reaching the mid-$300,000s depending on how the plans are designed together.

Think about that.

Someone earning $1 million could go from thinking:

“I already max out my 401(k) with $83,250."

to potentially putting $350,000+ per year toward retirement.

And a significant portion of those employer contributions may also create a current business tax deduction.

One other thing most owners don’t realize:

The plan doesn’t simply look at the entire $1 million of income. For 2026, qualified-plan compensation is generally capped at $360,000.

So the opportunity is driven by much more than just how much the business owner earns.

Age, eligible compensation, employees and the actuarial design of the plan determine what can actually be funded.

For a highly profitable owner approaching retirement, “maxing out the 401(k)” may only be the beginning of the conversation.

40 years building a successful business… and there was still one major piece missing.She has an accountant, multiple att...
08/28/2026

40 years building a successful business… and there was still one major piece missing.

She has an accountant, multiple attorneys, an insurance agent, an investment advisor.

But during the conversation, something became pretty clear:

Nobody is really sitting in the middle of all of it.

The decision to sell the business affects retirement income.

The sale structure affects taxes.

The real estate affects the estate plan.

The retirement plan affects current taxes and future cash flow.

And decisions being made inside the business today directly impact what life looks like after the business.

After some conversation, she explicitly stated that her advisors rarely communicate with one another.

That’s the gap SO MANY business owners need help filling.

Not another person working on one isolated piece.

Someone making sure the CPA, attorneys, investment advisor and other professionals are all working from the same plan.

Because whether it's been 1 year or 40 years of building something valuable, the last thing you want is for the pieces to stop working together right when the decisions become most important.

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

Alerts

Be the first to know and let us send you an email when Jeff Filoon, Financial Planner posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Jeff Filoon, Financial Planner:

Shortcuts

Share

Category