This really should be a time for safety, what do you think?
In his latest annual letter to investors, Warren Buffet has informed holders of Berkshire Hathaway to be prepared to lose at least half your money.
This really should be a time for safety, what do you think?
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Van Mueller is an adviser to financial advisers. He had a great article that specifies how the new laws can help financial advisers' clients under 65.
The strategy is about helping clients understand whether it's better to pay tax now or pay it later – when the tax rates are likely to be lowest? Below is the article - enjoy the reading! ======================================================================================= With everything that is happening to the economy, our entitlements and our new tax laws, especially, this idea must be clearly understood by all of us and easily shared with our prospects and clients. They must take advantage of this spectacular opportunity while they still can. Let’s get started. The new tax law ELIMINATES the personal exemption, which would have been $4,100 per person this year, for everyone. People over and under age 65 lose this exemption. Families with children that are dependent and under age 17 will now receive a $2,000 per child exemption up to seven children. As with all tax laws there are exclusions and exemptions to the rules which must be determined before taking the benefit. Now, let’s start with the important change: The Standard Deduction. I did not provide any information for people under age 65 in the February or March newsletter. That was my mistake. I created confusion as it related to the over age 65 use of the standard deduction and I prevented a realization of how the standard deduction and new tax rates could be beneficial for people under age 65 for financial, income tax and retirement planning. We will attempt to provide a few more details on how to use that information. Please note, you must understand that the examples given in the February, March and now this month’s newsletter, are based on what I believe would offer all of you with the most opportunities to provide prospects and clients with questions that would inspire action. It is important that these examples are not a “catch all” and you must study and practice so you can apply this information in unlimited ways, not just the examples given here. ========================================================================================= Keep reading the article for examples and strategies here. Q. What are the challenges I need to prepare for my retirement life?
A. USA Today had a great article to help future retirees understand the serious challenges they will face to have a successful retirement, below is a list of the challenges discussed in that article -
Q. Which life insurance company has the best guaranteed UL premium? A. The following table shows American National has the best Guaranteed UL product in terms of its cost - In addition to the best premium, ANICO's Signature GUL also offers the Guaranteed Cash-Out rider and Accelerated Benefit Rider with no additional cost.
If you are interested in guaranteed UL which is the cheapest permanent life product, contact us so we could run quotes for you. Q. I heard about self-directed IRA. What are the downsides of it?
A. Self-directed IRA might be beneficial for certain investors, but there are a lot of potential traps. There is an excellent article from Michael Kitces that discusses various aspects of self-directed IRA, including what are prohibited and what are permitted transactions, who are disqualified person, and what are tax consequences if non-permitted transaction are done, it is worth reading if you are serious about self-directed IRA! For archived newsletters, please visit here.
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