Gyorgy Matrai's Schools

• Budapest Institute of Technology Bachelors in Chemical Engineering

Gyorgy Matrai's Publications

• 529 College Education Plans: Tax-advantaged Savings Vehicles June, 2011 by Gyorgy Matrai As President of Limage Holding USA Inc. since 1997, I built a wealth management and financial investment company offering clients diverse services, including retirement planning, real estate financing, and life insurance. I also assist clients with specific vehicles offering tax advantages, such as IRA accounts, annuities, and 529 college education plans. Numerous 529 plans exist to choose from, offered through states and educational establishments. All 529 plans similarly allow tax-advantaged savings toward the future higher education of a designated beneficiary. The name 529 comes from IRS Code Section 529, which originated this type of savings vehicle in 1996. Because 529 college education plans are flexible across state borders, a California resident may invest in a Kansas 529 and use that money when the beneficiary enrolls in a Vermont school. There are several distinct tax benefits presented by 529 plan contributions. While not tax deductible, investment growth is federal-tax deferred, so the money comes out tax-free when utilized to pay the beneficiary’s college costs. Notably, this tax-free benefit became permanent through the 2006 Pension Protection Act. Another 529 college education plan benefit involves the donor retaining all rights to fund assets. The donor decides when, for what purpose, and how much of the fund’s assets are distributed at a certain time. Funds can be withdrawn from most 529 vehicles at any time, although this incurs a 10 percent penalty on top of income tax liabilities. Such college education plans are easy to set up: donors simply fill out an enrollment form and define their contributions. Automatic deposits are an option for those wanting hassle-free fund management. At the same time, 529 plans are designed for maximum flexibility, making rollovers to other state plans possible. Potential tax savings are significant, as the amount allowed per beneficiary exceeds $300,000 under many state plans. With no income restrictions and age limitations, clients can even set up 529 college education plans to fund their own future education needs. Taxes are simplified throughout the duration of the plan, as Form 1099 to report this income is not required until withdrawal. To learn more about the full range of financial services offered by Limage Holding USA Inc., call (866) 513-0600.

• A Brief Summary of Equity-Indexed Universal Life Insurance Policies August, 2011 As the Owner of Limage Holding USA Inc., George Matrai offers clients several options for their personal investment, insurance, retirement, and real estate financing needs. Based in San Ramon, California, Limage Holding provides insurance coverage, mortgage assistance, and savings plans that are personalized to meet the unique needs of every client. Furthermore, Limage Holding offers life, health, and dental insurance policy options. One of the life insurance policies available to clients of Limage Holding is equity-indexed life insurance, a permanent policy that gives individuals the chance to bind accumulation values to a specific stock market index. Individuals who obtain equity-indexed life insurance policies usually benefit from a guaranteed fixed interest rate, along with an indexed option. In contrast with variable life insurance policies, which give policyholders the option to divide their investments into different vehicles like funds, stocks, and bonds, an equity-indexed life insurance policy is defined by a stock market index. When the market improves, the value of the policy increases; when it declines, the policy is similarly affected. However, most equity-indexed life insurance options have upper and lower limits on variability to protect the holder from the extremes of the market. This fixed life insurance option guarantees the policyholder a certain level of financial security, as the insurance rate is capped and will continue to stay at that rate for the life of the policy, while the added bonus of indexed returns enhances the policyholder’s potential for economic gains. For more information about equity-indexed life insurance policies, contact George Matrai at the Limage Holding USA Inc. offices in San Ramon at (866) 513-0600.

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