PFwise.com - Blog

GUL Is Leading the Competition

9/18/2019

American National's Guaranteed Universal Life (GUL) provides guaranteed lifetime Death Benefit protection and three guaranteed periods that allow the insured to cash-out their policy.

GUARANTEED DEATH BENEFIT
You can determine the face amount and guarantee length between ages 95 to 121. The Death Benefit is guaranteed to the chosen age, assuming all premiums are paid as scheduled.

GUARANTEED CASH-OUT RIDER
During a 60 day period following the 15th, 20th, and 25th policy anniversaries, the rider allows for surrender of policy in exchange for a partial or full return of premiums paid. Added to the policy for no additional premium for issue ages 18-70.

ADDITIONAL RIDERS

Accelerated Benefit Riders
Disability Waiver of Stipulated Premium Rider
Children’s Level Term Rider

If you are interested, please contact us to run GUL quotes for you.

How Top Funds Use Factors To Remake Asset Allocation

9/17/2019

For years, advisors have used active fund managers to target factors, including value, low volatility, capitalization size, momentum, dividend yield and quality to obtain higher returns for clients.

These days, however, with more than 370 U.S equity smart beta ETFs that feature one or more factors available, advisors have the tools to supercharge their own asset allocation strategies.

What does "quality" mean for top providers? Below are some examples:

Top 5 Common 2020 Tax Problems

9/16/2019

We’re roughly halfway through 2019, which means the 2020 tax season will soon be upon us. But rather than wait until next March or April to think about tax returns, here are top 5 common 2020 tax problems to consider:

1. The individual mandate penalty
Almost all of the Tax Code changes stemming from the Tax Cuts and Jobs Act went into effect during 2018. However, a few didn’t become active until this year. The change to the shared responsibility payment is one of these.

The shared responsibility payment, which is commonly referred to as the individual mandate penalty, was previously introduced under the Affordable Care Act. It essentially required people to have some form of health insurance (Obamacare, private or otherwise). If a taxpayer couldn’t prove they had health insurance, they owed a penalty with their taxes.

Starting with the 2020 tax season (fiscal year 2019), there’s no longer a federal penalty. However — and this is where the confusion exists — there are still some state-based penalties. For example, New Jersey, Massachusetts and Washington, D.C., all still have some form of penalty in place. Taxpayers will need to be cautious in this regard and do their research.

2. Changes to HSA contribution limits
In addition to increasing the amount of money taxpayers can contribute to qualifying retirement plans, health savings accounts are also getting a tiny boost this year. For those with high-deductible policies that qualify under HSA guidelines, the changes are as follows:

Self-only coverage: now $3,500 (up from $3,450 in 2018); and,
Family coverage: now $7,000 (up from $6,900 in 2018).

Again, these slight adjustments won’t make anyone rich, but they are worth noting and could cause some confusion come April 2020.

3 The medical expense deduction threshold
There’s been a lot of back and forth regarding the threshold for deductible medical and dental expenses over the past decade. In 2010, the Affordable Care Act raised the number from 7.5 percent to 10 percent of adjusted gross income. This made it a lot more difficult for people to qualify.

Then came the Tax Cuts and Jobs Act, which brought the threshold back down to 7.5 percent in 2017 and 2018. Unfortunately, it’s returning to 10 percent this year.

What does all of this mean? Basically, if a taxpayer plans on itemizing in 2019, their unreimbursed medical and dental expenses need to exceed 10 percent of their adjusted gross income in order to qualify as a deduction.

4. Failure to report all income
Reporting income used to be a pretty straightforward process. Most people were either W-2 employees or self-employed with one or two 1099s. But as the gig economy has expanded, more and more taxpayers have three, four or five different streams of taxable income that nobody else is reporting. Expect to see less-organized taxpayers fail to report all of their income in 2020. Some of this will go undetected, while others will get slapped with penalties.

5. Underpaying estimated tax payments
Making quarterly estimated tax payments on time is only half the battle. For inexperienced freelancers, underestimating the amount of taxes they owe is another huge problem.

As the name suggests, quarterly tax payments are estimates of what a taxpayer thinks they’ll earn over the course of a given year. In order to accurately estimate their tax burden, they must keep meticulous records and run calculations to generate a ballpark estimate. It’s OK if they slightly underpay, but it’s much better if they slightly overpay. This ensures they end up getting a small amount of money back in April (as opposed to forking over even more money).

While every taxpayer has different earnings and deductions, it’s a good rule of thumb for most taxpayers to set aside somewhere between 22 and 25 percent of every payment into a savings account that’s explicitly reserved for making payments throughout the year.

What Is QLAC and Why It Is Unique And GOOD For You?

9/15/2019

First, What Is DIA?

Is your mindset turning toward how to safeguard your retirement standard of living for many years ahead? A deferred income annuity (DIA) provides protected lifetime income in the future. While the income stream can be started as soon as 13 months after purchase, it also can be delayed for a long time (40 years in some cases).

Bottom line: The longer the deferral period, the larger the income payout amount.

Next, What is QLAC?

A qualified longevity annuity contract (QLAC) is a special type of DIA and it brings added advantages. It allows traditional IRA owners and defined contribution plan participants to ignore the QLAC funds in those accounts when calculating their RMDs. As long as the QLAC distributions are delayed, the associated Required Minimum Distributions (RMDs) and taxes are too.

2 Reasons why a QLAC stands out for modern retirements include:

No other qualified retirement product allows you to defer the start of your guaranteed income payments to as late as age 85
It’s the only way to defer RMDs past age 70½ (other than the “still working” exception)

Term Life Conversion 101

9/14/2019

Below is a case study about Term Life Conversion from American National for people with term life but are interested in converting to permanent coverage in the future -

Converting from a term to a permanent policy is quite simple. The only paperwork that is required is a policy change application, USA PATRIOT Act Form, a signed illustration (or illustration acknowledgement), and a supplemental application. The beauty of a conversion is that if there is no increase in the face amount, the applicant does not go through additional underwriting and will not need to prove additional insurability! See the Term Conversion Guide for complete details.

Case Study:
One of American National’s agents, Charles, was kind enough to share his experience with the conversion process at American National. Charles recently had a thirty-year-old client that was recently widowed and raising two small children on her own. She knew the importance of life insurance and wanted to make sure that her parents would have the means to take care of her children if anything were to happen to her. After spending several years as a stay-at-home mom, she was just reentering the workforce. She was working hard to make ends meet, and she scrutinized every dime she spent. However, she knew the peace of mind that obtaining life insurance would give her was worth every penny.

After completing a needs analysis and discussing the difference in premiums between American National’s 20-year level Signature Term and multiple permanent products, the client decided that the term policy was all she could afford right now. She was a little concerned because she wanted to make sure she would not be a burden to her family if she were to pass away in 21-years; however, she was relieved to know she temporarily (for 20-years) had a solution in place to protect her family.

Charles eased her concerns even more when he told her about the conversion opportunities that were available at American National. He let her know that she was making a smart decision to get coverage while she was young and in great health and told her she would have the option to convert to any permanent plan over the next twenty years! Charles also informed her that the conversion options would allow her to change her term policy to a permanent policy without having to go through any more underwriting. He advised her the process was quick and easy and would allow her to get the new policy at the same rate class as her original term policy. He also let her know that if she was able to convert in the next five years, she would even get a premium credit towards her permanent policy! She was so grateful that the term policy with American National would provide the coverage she needed NOW along with the flexibility to get what she really wanted later.

Charles checked in with his client every 6 months to make sure she did not have any additional needs and to review her statements. While meeting with her to review her third annual statement, she mentioned that within the last year she got a huge promotion at work, bought her dream starter home, and was doing better than ever! Happy to hear that she had made huge financial strides in her life, Charles reminded her of the conversion options that she had available on her term policy. Next thing you know, she converted her term policy to the Signature Guaranteed Universal Life, and she now has guaranteed coverage (at a guaranteed premium) until she is 121 years old!

Protect to 100 With the Best of Both Worlds

9/13/2019

How about getting a protection...for now and in the future? Below is an idea from American General by using a combination of Term Life and GUL to accomplish this goal.

Protective's Powerful Life Insurance With Chronic Illness Coverage

9/12/2019

With Protective's blended solution, you can be prepared with protection against the unexpected — chronic illness coverage while you're living and death benefit protection when you're gone.

Protective Indexed ChoiceSM UL + ExtendCareSM: A blended strategy for keeping life on track when a chronic illness arises.

How to Pre-fund Your Retirement Taxes?

9/11/2019

As the chart below shows, life insurance products are a good way to prefund your retirement taxes today!

An Example of How Sequence of Return Might Hurt You

9/10/2019

How to Use Life Insurance Products to LIFT Your Financial Future

9/9/2019

American National's WealthQuest Citadel 7 Diamond Annuity Products

9/8/2019

Overview
Flexible premium. May include a first year interest rate enhancement. 10% surrender charge free withdrawals each contract year. 7 year surrender period.

PRINCIPAL GUARANTEE FEATURE
The Minimum Guaranteed Surrender Value is return of premiums paid less any cumulative withdrawals.

INTEREST RATE ENHANCEMENT
American National may offer an interest rate enhancement on all premium payments received in the first 36 months of the contract for one year. This enhancement is not guaranteed and is subject to change.

INTEREST RATE GUARANTEE
The declared annual effective interest rate for the initial premium and each subsequent premium payment will be guaranteed for two years from the date the premium payment is received. After two years, the interest rate is declared annually.

MINIMUM GUARANTEED INTEREST RATE:
NAIC Index. See rate sheet for current rate.

RATE LOCK:
60 days for 1035 Exchanges, CD Rollovers, Mutual Fund Transfers and Institutional Transfers

SURRENDER CHARGE SCHEDULE:
Year 1 2 3 4 5 6 7 8+
% 7 7 7 6 5 4 2 0

SURRENDER CHARGE FREE WITHDRAWALS
10% of annuity value as of the beginning of each contract year, including first year

SURRENDER CHARGE WAIVERS*

Confinement
Disability *Availability will vary by state

Strategies to Reduce Investment Volatility - Other Than Min Vol ETFs

9/7/2019

In last blogpost, we focused on min vol ETFs to reduce investment volatility, now a few other strategies:

Bonds
Bonds tend to be less volatile than stocks. When the stock market is expected to be more volatile, investors may want to consider increasing their bond allocation. It is worth noting that the bond market is not immune to volatility.

High-yielding Stocks
High yielding stocks are another opportunity that investors can explore. The income component of high-yielding stocks tends to make these investments less volatile than more cyclical stocks, which have lower or no dividend yield. Of course, the 2008 financial crisis highlights that even this strategy may not be immune to severe market stress.

Some Mutual Funds
Some mutual funds that have historically exhibited lower volatility, relative to the broad market, as well as managed account solutions - particularly those with a defensive strategy are good options too.

Options Strategies
Additionally, there are several options strategies, including straddles, strangles, and other spreads, which can be used to take advantage of expected market volatility.

Strategies to Reduce Investment Volatility - Using Minimum Volatility ETFs

9/6/2019

Q. What are the options to reduce my investment's volatility?

A. If volatility concerns you, in addition to diversification, there are volatility strategies that may help protect your portfolio.

Below we will focus on minimum volatility ETFs, also mention a few other options.

What Is a Min Vol ETF?
A min vol ETF attempts to reduce exposure to volatility by tracking indexes that aim to provide lower-risk alternatives. Some min vol ETFs accomplish this objective by purchasing securities that exhibit relatively low volatility and concentration risk (i.e., heightened exposure to a particular asset class, investment characteristic, or other risk factor that results from a heavily weighted allocation). It is worth noting that some min vol ETFs may not have lower concentration risk than broadly diversified market indexes.
A min vol ETF does not eliminate risk exposure to volatility, and may not prevent a loss in the event of a downturn. Low volatility funds may underperform when the broad market is doing well, and they can experience declines during sharp corrections. However, the expectation for a min vol ETF investor is that any potential losses during a market decline might be smaller relative to other investments that may have more exposure to volatility. As a result, a less risky portfolio could recover more quickly than the broad market after a downturn when stocks recover.

Examples of Min Vol ETFs?
If you are concerned about a US stock market decline, you may want to consider researching min vol ETFs, the largest of which by net assets are:

iShares Edge MSCI Min Vol USA ETF ( USMV)
Invesco S&P 500® Low Volatility ETF ( SPLV )
iShares Edge MSCI Min Vol EAFE ETF ( EFAV)

If you have global investments and are concerned about some of the volatility risks that have emerged out of China, Europe, and other parts of the world, there are also non-US min vol ETFs. The largest non-US min vol ETFs by net assets are:

iShares Edge MSCI Min Vol EAFE ( EFAV)
iShares Edge MSCI Min Vol Emerging Markets ETF ( EEMV)
iShares Edge MSCI Min Vol Global ETF ( ACWV )

In next blogpost, we will mention a few other investment options to reduce exposure to market volatility.

Protect yourself against market fluctuations in retirement - a case for Whole Life Products

9/5/2019

It’s more important than ever to find ways to help protect yourself and your family against market fluctuations in retirement. Here are a few suggestions…

Avoid a lose-lose situation in the marketplace
Many retirement planners suggest you’ll need 75 percent to 85 percent of your pre-retirement income to live comfortably in retirement. So whether you’re looking simply for money to pay your monthly bills or finance your way through a long-deferred bucket list, you’re going to need income — regardless of the market’s performance.

Unfortunately, taking money from an equity-based retirement account (such as a 401(k) or IRA) during an economic downturn can have a big impact on the future value of your account and the income from it. You’ll compound your losses by reducing the amount of income you have available during retirement, as well as the amount of money you can leave as a legacy to your family.

Find alternate sources of retirement income
Of course, the easiest way to avoid compounding your losses is to avoid withdrawing income from your retirement account when the stock market is in decline. And yet you have to find another source of retirement income from somewhere — ideally one that isn’t impacted by market volatility.

Your options include certificates of deposit (CDs), fixed annuities, and other conservative savings vehicles. Compared to equities, these assets may offer lower overall returns over the long run. But, they represent a stable source of financial growth — and that stability is key to your financial future.

There’s another option to consider: a whole life insurance policy.

Draw income from a whole life policy — tax-free
A whole life insurance policy gives you the pre-retirement protection you need now and guaranteed policy cash values for potential supplemental income later if needed. In addition, a participating policy has potential to earn dividends, which would increase both the protection and cash value. Dividends, however, are not guaranteed.

Plus, the cash value of a whole life policy is unaffected by short-term market volatility. That means it could provide an alternative source of income during years when markets are down and taking money from your equity-based retirement accounts isn’t a wise idea.

It’s important to remember there are implications to borrowing cash value or taking partial surrenders. These actions will reduce the policy’s cash value and death benefit. This could also increase the chance the policy will lapse, and it may result in a tax liability if the policy terminates before the death of the insured.

The wisdom of tapping into a whole life insurance policy for income in retirement will vary depending on individual circumstances. Many people seek out a financial professional for advice before making such a move.

Protect your family finances now and later
Of course, there are considerations to take into account for life insurance beyond retirement funds.

Purchasing life insurance is one of the most important decisions you can make. So make sure to consider an option that provides both flexibility and stability. Choosing a term policy may be an affordable option, but it is also important to think about how long you may actually need the coverage and the additional value a whole life policy provides. One thing that separates a whole life insurance policy from a term policy is how it protects your family both today and for your lifetime.

Even when you retire and stop receiving a traditional paycheck, you may still have income to protect. The benefits you receive from Social Security and income from many pensions may stop or be reduced when you pass away. This can significantly decrease the amount of money your spouse has to live on. The death benefit from a whole life policy can help him or her supplement some of that lost money and income, pay off the mortgage or reduce some other major expense.

Retire the old way of thinking about retirement
Today, many people are realizing the traditional ways of funding their retirement aren’t as reliable as they used to be. Between the volatility of the stock markets, the insecurities around Social Security, and the dwindling number of employer-provided pension plans, it’s clear that you may need stable options, such as whole life insurance, to supplement your retirement income.

3 Strategies Married Couples Could Boost Lifetime Social Security Benefits - Strategy 3

9/4/2019

We discussed strategy 2 here, now strategy 3.

Strategy No. 3: Maximize the survivor benefit
Maximize Social Security—for you and your spouse—by claiming later.

How it works: When you die, your spouse is eligible to receive your monthly Social Security payment as a survivor benefit, if it's higher than their own monthly amount. But if you start taking Social Security before your full retirement age (FRA), you are permanently limiting your partner's survivor benefits. Many people overlook this when they decide to start collecting Social Security at age 62. If you delay your claim until your full retirement age—which ranges from 66 to 67, depending on when you were born—or even longer, until you are age 70, your monthly benefit will grow and, in turn, so will your surviving spouse's benefit after your death.

Who it may benefit: This strategy is most useful if your monthly Social Security benefit is higher than your spouse's, and if your spouse is in good health and expects to outlive you.

Example: Consider a hypothetical couple who are both about to turn age 62. Aaron is eligible to receive $2,000 a month from Social Security when he reaches his FRA of 66 years and 6 months. He believes he has average longevity for a man his age, which means he could live to age 85. His wife, Elaine, will get $1,000 at her FRA of 66 years and 6 months and, based on her health and family history, anticipates living to an above-average age of 94.

The couple was planning to retire at 62, when he would get $1,450 a month, and she would get $725 from Social Security. Because they’re claiming early, their monthly benefits are 27.5% lower than they would be at their FRA. Aaron also realizes taking payments at age 62 would reduce his wife's benefits during the 9 years they expect her to outlive him.

3 Strategies Married Couples Could Boost Lifetime Social Security Benefits - Strategy 2

9/3/2019

We shared strategy 1 here, now strategy 2.

Strategy No. 2: Claim early due to health concerns
A couple with shorter life expectancies may want to claim earlier.

How it works: Benefits are available at age 62, and full retirement age (FRA) is based on your birth year.

Who it may benefit: Couples planning on a shorter retirement period may want to consider claiming earlier. Generally, one member of a couple would need to live into their late 80s for the increased benefits from deferral to offset the benefits sacrificed from age 62 to 70. While a couple at age 65 can expect one spouse to live to be 85, on average, couples who cannot afford to wait or who have reasons to plan for a shorter retirement, may want to claim early.

Example: Carter is age 64 and expects to live to 78. He earns $70,000 per year. Caroline is 62 and expects to live until age 76. She earns $80,000 a year.

By claiming at their current age, Carter and Caroline are able to maximize their lifetime benefits. Compared with deferring until age 70, taking benefits at their current age, respectively, would yield an additional $113,000 in benefits—an increase of nearly 22%.

Read strategy 3 here.

3 Strategies Married Couples Could Boost Lifetime Social Security Benefits - Strategy 1

9/2/2019

Strategy No. 1: Maximize lifetime benefits
A couple with similar incomes and ages and long life expectancies may maximize lifetime benefits if both delay.

How it works: The basic principle is that the longer you defer your benefits, the larger the monthly benefits grow. Each year you delay Social Security from age 62 to 70 could increase your benefit by up to 8%.

Who it may benefit: This strategy works best for couples with normal to high life expectancies with similar earnings, who are planning to work until age 70 or have sufficient savings to provide any needed income during the deferral period.

Example: Willard's life expectancy is 88, and his income is $75,000. Helena's life expectancy is 90, and her income is $70,000. They enjoy working.
Suppose Willard and Helena both claim at age 62. As a couple, they would receive a lifetime benefit of $1,100,000. But if they live to be ages 88 and 90, respectively, deferring to age 70 would mean about $250,000 in additional benefits.

See Strategy 2 here.

September 2019 PFwise.com Newsletter

9/1/2019

For archived newsletters, please visit here.

Loom - The Simple Video Recording App

8/31/2019

Tired of typing long emails or text messages to clients, prospects, and team members? Want to show them how to do something that would take too much time to explain? Loom is a free Chrome extension that lets you record your screen, your camera, and microphone all at the same time. Don’t need all three at once? You can also choose to record just your screen or just your webcam, along with your microphone.

Loom puts all those elements together in a video for you. If you use your camera, your face will appear in the lower-left portion of the video, with the screen capture taking up most of the real estate. All videos are accessible by a URL. Instead of a long email, your client gets to see your face and hear your voice. Plus, they can always revisit the URL to refer back to your message if they need it.

Loom lets you store your videos in folders, making them easy to find and re-use. You could record videos for new client onboarding, or explain the quoting process. You can show your team how you want them to do something, or show your developer the problem you’re having with your website. Video makes everything faster in all these use cases.

As we write this, Loom has a rating of 4.8/5 stars, with over 9,400 reviews. There’s a desktop app in the works so you can record from your computer without opening a browser.

North American's Builder Plus IUL Is Not the Typical IUL

8/30/2019

Testicular Cancer and Life Insurance Underwriting

8/29/2019

Q. I had testicular cancer, will my life insurance application be declined?

A. No, the answer is it depends.

About Testicular Cancer
Testicular cancer is the most common form of cancer in young men ages 15-35, and the incidence of occurrence has been increasing. The good news, though, is that mortality rates are improving, due to dramatic improvements in treatment.

Underwriting Life Insurance for Testicular Cancer
Underwriting this form of cancer is a bit more aggressive than a lot of the other types of cancer, and is largely dependent on the Staging of the cancer from the post-operative pathology report. Stage I, is typically when the cancer is confined to the testes; Stage II indicates metastasis to local lymph nodes; and Stage III occurs with metastasis to remote lymph nodes or other organs.

The primary questions to be asked of a proposed insured that presents with this history are:

Age at diagnosis and date treatment ended?
What was the specific type of testicular cancer?
Stage of the cancer and whether it was a seminoma or non-seminoma
How was it treated? (Typically, it’s with removal of the testes — an orchiectomy.)
Any metastasis or lymph node involvement?
Frequency of follow up with Dr and any tumor marker testing results?

The good news is that with an In-Situ or Stage I cancer, we can typically get an offer shortly after treatment is completed with a low table rating and/or short term flat extra. Most often, we’ll be looking at Standard rates, once someone has reached 5 to 7 years with no reoccurrence.

Please contact us if you are considering life insurance but have special situations.

A New Way to Sell Houses ... Fast

8/28/2019

Technology firms such as OpenDoor, OfferPad, and Zillow Offers, are looking to make the real estate market more efficient – or more accurately, to leverage technology to take advantage of market inefficiencies.

From the seller’s perspective
The process of selling a home is far easier - first, request a bid from one of the platforms simply by filling out a form and uploading some pictures, next, get an offer, which the seller can take without needing to work around the (human) buyer’s needs or whether the buyer will be able to get a mortgage and close on the purchase (and since the platforms all assume they’ll need to fix up the homes anyway, there’s no pressure for sellers to engage in extra maintenance fixes or complex staging to make the house more appealing for sale).

From the buyer's perspective
The new platforms also make the process of buying simpler, as buyers no longer need to coordinate with sellers, and can simply use the companies’ own apps to open and access a potential new home for a walk through.

Are ETFs More Tax Efficient Than Mutual Funds?

8/27/2019

Q. Are ETFs more tax efficient than mutual funds?

A. The answer is yes, but not for the reason you might think.

A recent Morningstar research paper “Measuring ETFs’ Tax Efficiency Versus Mutual Funds“ finds that the overwhelming majority of ETFs (84%) track market-cap-weighted indexes, which means there’s relatively little turnover in the fund to trigger tax events in the first place, with a median turnover rate of just 17% (compared to 48% for the average active mutual fund).

However, non-cap-weighted strategic beta ETFs have a turnover rate of 47%, very similar to active mutual funds, while cap-weighted index mutual funds have a turnover rate of only 19% (similar to ETF index funds), which means in practice the turnover factor is less a function of ETFs in particular, and just that the majority of ETFs invest in a different (cap-weighted indexing) strategy than most mutual funds (which are still more actively managed).

The real driver of ETF tax efficiency is the structure by which it adds and removes securities held by the ETF, and the ability to “purge” low-cost-basis securities in-kind as part of the creation/redemption process for ETFs (thus why ETFs have a slightly more favorable tax profile than mutual funds even when tracking the same index, and why mutual funds are more prone to tax events when facing net outflows as compared to ETFs). However, it’s important to recognize that ETFs are not immune to tax events, not only because they still distribute any interest and dividends, but because ETFs can still face capital gains distributions (albeit not common).

3 Tools To Help Plan Healthcare Costs In Retirement Time

8/26/2019

Q. Is there a personalized tool to help estimate health care cost during the entire retirement time?

A. It's true that even financial advisors usually just guess the ‘reasonable’ medical expense amount in retirement, and perhaps add a separate inflation rate to it, without much further detail. However, things are changing, the following are three tools that could help advisors to help estimate what the health care costs in retirement might realistically be.

Aivante
It will collect information about a person's health history, and the geographic location (given regional differences in cost of living and cost of care), then make a personalized projection of healthcare costs in retirement, and how consumption of those healthcare services may change over time.

Genivity
It looks into lifestyle and hereditary factors to similarly estimate healthcare expenses in retirement (and can be embedded into an advisor’s website as an interactive experience for clients).

Whealthcare
It goes even one step further, helping advisors work with clients to plan for the “logistics” of aging (e.g., where clients will live as they get older, how they’ll transport themselves when they can no longer drive, etc.), and has tools to assist in the development of a “financial caretaking” plan and a “proactive aging” plan.

Income Producing Assets Performance Over Time

8/25/2019

Below is a list of different income producing assets' performance in the past decade. Some are already very expensive, some still have potential.

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IMPORTANT DISCLOSURES
PFwise.com does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances.

To the extent that any material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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