The document discusses an "Asset Income Plan" that allows homeowners and business owners to access the equity in their property to earn quarterly income payments without debt, interest payments, or loss of title to the property. It involves placing a charge on the property that is assigned to insurance companies to help them increase capital reserves as required by EU regulations. This allows the insurance companies to afford paying the property owners a quarterly income in return. The plan aims to benefit both property owners and insurance companies.
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
EAG offers estate planning solutions for the individual with assets that wish to transfer to their heirs while minimizing the effects of Estate Taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube: http://www.youtube.com/watch?v=Gbpa7zdW4eU
EAG offers unique solutions for small business owners wishing to pass along their business without those painful estate taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube:http://www.youtube.com/watch?v=TgBPlYeUNyI
Plummer Parsons Chartered Accountants Series 16 Safeguarding Your Estatenevillebeckhurst
The document provides information about estate planning and minimizing inheritance tax liability. It discusses:
1) Estate planning ensures family receives more of the estate by reducing estate taxes. Careful planning is needed due to tax implications.
2) Key exemptions and reliefs include the nil-rate band, annual gift exemption, gifts between spouses, gifts to charities, and agricultural/business property relief.
3) Estate planning questions to consider include ensuring plans reflect wishes, locating records, assessing financial objectives, and addressing business succession planning.
This document discusses using an irrevocable life insurance trust (ILIT) for estate planning purposes. It notes that ILITs are used to keep life insurance proceeds out of an insured's taxable estate to avoid estate taxes. It provides details on candidates for ILITs, how ILITs pay estate taxes by purchasing assets from the decedent's estate, issues to consider with transfers within three years of death, trustees, paying premiums through gifts or other methods, income and generation skipping transfer tax considerations, and summarizes key points about setting up an effective ILIT.
EAG offers unique scenarios for leaving a true legacy. Scholarships, Endowments, major charitable contributions can be accomplished while also leaving to your heirs. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com Also on YouTube: http://www.youtube.com/watch?v=eed-hrxoglI
Karen Sands discusses key challenges to retirement income and estate planning, focusing on income splitting and minimizing taxes. Income splitting can be done through investing in assets that generate capital gains for children or prescribing loans between family members. Tax can be deferred through RRSPs or paid at lower rates through capital gains, eligible dividends, or pension income splitting. Planning like setting up trusts can reduce taxes paid by heirs. Proper planning through income splitting and upon death can substantially reduce taxes paid over a lifetime and for heirs.
Family Cottage and Recreational Property Strategies by Mike BondyMichael Bondy
This document provides strategies for families regarding cottage and recreational properties. It discusses keeping a cottage in the family to maintain connections and memories. Passing the cottage down can cause conflicts over costs and maintenance between siblings. Options include transferring the property before death to avoid capital gains taxes, using the principal residence exemption, or placing the property in a trust. Co-ownership agreements can outline financial responsibilities when sharing a cottage.
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
EAG offers estate planning solutions for the individual with assets that wish to transfer to their heirs while minimizing the effects of Estate Taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube: http://www.youtube.com/watch?v=Gbpa7zdW4eU
EAG offers unique solutions for small business owners wishing to pass along their business without those painful estate taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube:http://www.youtube.com/watch?v=TgBPlYeUNyI
Plummer Parsons Chartered Accountants Series 16 Safeguarding Your Estatenevillebeckhurst
The document provides information about estate planning and minimizing inheritance tax liability. It discusses:
1) Estate planning ensures family receives more of the estate by reducing estate taxes. Careful planning is needed due to tax implications.
2) Key exemptions and reliefs include the nil-rate band, annual gift exemption, gifts between spouses, gifts to charities, and agricultural/business property relief.
3) Estate planning questions to consider include ensuring plans reflect wishes, locating records, assessing financial objectives, and addressing business succession planning.
This document discusses using an irrevocable life insurance trust (ILIT) for estate planning purposes. It notes that ILITs are used to keep life insurance proceeds out of an insured's taxable estate to avoid estate taxes. It provides details on candidates for ILITs, how ILITs pay estate taxes by purchasing assets from the decedent's estate, issues to consider with transfers within three years of death, trustees, paying premiums through gifts or other methods, income and generation skipping transfer tax considerations, and summarizes key points about setting up an effective ILIT.
EAG offers unique scenarios for leaving a true legacy. Scholarships, Endowments, major charitable contributions can be accomplished while also leaving to your heirs. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com Also on YouTube: http://www.youtube.com/watch?v=eed-hrxoglI
Karen Sands discusses key challenges to retirement income and estate planning, focusing on income splitting and minimizing taxes. Income splitting can be done through investing in assets that generate capital gains for children or prescribing loans between family members. Tax can be deferred through RRSPs or paid at lower rates through capital gains, eligible dividends, or pension income splitting. Planning like setting up trusts can reduce taxes paid by heirs. Proper planning through income splitting and upon death can substantially reduce taxes paid over a lifetime and for heirs.
Family Cottage and Recreational Property Strategies by Mike BondyMichael Bondy
This document provides strategies for families regarding cottage and recreational properties. It discusses keeping a cottage in the family to maintain connections and memories. Passing the cottage down can cause conflicts over costs and maintenance between siblings. Options include transferring the property before death to avoid capital gains taxes, using the principal residence exemption, or placing the property in a trust. Co-ownership agreements can outline financial responsibilities when sharing a cottage.
If It Took A Lifetime To Accumulate Your Nest Egg, Its Worth Protectingpjdemees
In this slideshow, I hope to be able to answer your most pressing questions as it relates to wealth preservation, estate equalization, and the financial impact of a life altering illness.
This document introduces the "Anti-AnnuityTM", which is described as Single Premium Indexed Universal Life insurance (SPIUL). It summarizes the credentials and experience of the advisors behind the product. The SPIUL is presented as a tax-advantaged alternative to annuities that allows tax-free growth and access to funds. Examples are given showing how SPIUL can be used to create larger tax-free inheritances than other options like annuities. It also describes how SPIUL can be used to avoid taxes on IRA and retirement account funds by transferring them into the life insurance product. Readers are encouraged to schedule a meeting with the advisors to learn more about SPIUL and how it can save on estate
The document discusses various tax reliefs available in Ireland to reduce Capital Acquisitions Tax (CAT) liabilities for beneficiaries receiving gifts or inheritances. It outlines several reliefs including Business Asset Relief, which can reduce the taxable value of a business gift to 10%; the Dwelling House Exemption, which provides a total exemption for inheriting a principal private residence; and Agricultural Relief, which reduces the taxable value of inheriting agricultural assets to 10%. The document also discusses how the annual gift exemption of €3,000 and planning gifts over multiple years can significantly reduce future CAT liabilities.
Investor's Capital Funding (ICF) provides alternative real estate financing in Texas, focusing on short-term loans secured by commercial and residential property. The company was founded by Managing Partners Rob Champion and Tom Wagner, who have over 30 years of combined real estate lending experience. ICF offers investors opportunities to earn returns of 10-12% by participating in non-traditional real estate loans that are secured by hard assets and have protective equity.
This presentation is about how to integrate charitable gift planning into your overall financial strategy in a way that will allow you to give to your favourite charities and reduce your overall taxes.
The document discusses various options for owning life insurance in an estate plan, including both personal ownership and ownership through an irrevocable life insurance trust. It notes that the standard recommendation is for a trust to own life insurance to avoid estate taxes, but that personal ownership may also make sense depending on an individual's circumstances. The document explores issues to consider regarding how life insurance fits into an estate plan based on an individual's needs, goals, and tax situation.
The document summarizes a presentation about charitable trusts and estate planning. It discusses how charitable remainder trusts can provide income for life, pass assets to heirs free of estate taxes, and leave remaining assets to charity. It also describes how charitable lead trusts can eliminate estate taxes by having charity receive income for a period before assets pass to heirs.
http://ekinsurance.com/financial/what-are-annuities/
Annuities can be a great way to make your money work, but many people may not understand the risks, rewards, or the workings of their annuities.
Thinking of putting your property into a Property Protection Trust, we can help and offer advice with the process, our leaflet here can set you on the right path and advice if you can do this to avoid care home fees.
This document discusses how permanent life insurance can be a tax-advantaged investment asset that provides growth potential, access to cash value through loans, and benefits for heirs. It provides an example comparing returns from life insurance to traditional investments like interest, dividends, and capital gains, showing that life insurance requires less capital and risk to achieve the same results due to its tax advantages. While collateral loans involve risk, permanent life insurance is positioned as an effective strategy for managing assets, accessing funds, and preserving an estate over the long term.
This document discusses various topics related to life insurance, including:
- Claims and payment options for life insurance proceeds, such as lump-sum payouts, life annuities, or other structured payouts.
- Tax considerations for life insurance proceeds, including income tax treatment and estate tax treatment if the proceeds are included in the insured's gross estate.
- Uses of irrevocable life insurance trusts to hold policies and avoid estate taxes.
- How life insurance is used in buy-sell agreements and split-dollar arrangements between business owners.
- The role of life insurance in qualified retirement plans and other employee benefit arrangements.
Charitable remainder trusts (CRTs) allow individuals to benefit their chosen charity while also providing financial benefits for themselves and their families. CRTs come in two forms: charitable remainder unitrusts (CRUTs) which pay a percentage of the trust's value each year that may vary, and charitable remainder annuity trusts (CRATs) which pay a fixed annual amount. CRTs provide income tax deductions, avoid capital gains tax, and generate lifetime income streams for settlors and beneficiaries while also leaving remaining assets to charity upon death. They are an effective estate planning tool to reduce taxes and provide for families and philanthropy.
The document discusses net worth and how to calculate it. Net worth is calculated as total assets minus total liabilities. Assets are divided into liquid, semi-liquid, and non-liquid categories. Liabilities are divided into short-term and long-term debts. The document provides an example of calculating an individual's net worth and debt-to-equity ratio. It recommends strategies for increasing net worth such as higher investment returns, reducing debt, and saving more regularly.
A testamentary trust will provides advantages over a simple will. It can minimize taxes through a trust structure. It protects assets from beneficiaries' creditors through bankruptcy or marriage breakdown by holding assets in trust. It can ensure equal distribution of assets, including superannuation, contrary to a simple will. It also allows imposing conditions to protect vulnerable beneficiaries. Appointing roles like appointor and protector aim to protect the primary beneficiary's interests. A testamentary trust will can thus provide greater asset protection and tax benefits than a simple will.
Life Insurance & Charitable Remainder TrustsRussell James
A lecture on tax planning that combines life insurance with charitable remainder trusts, specifically through use of an irrevocable life insurance trust (ILIT)
A Charitable Lead Trust (CLT) makes payments to charity for a set period of time, after which any remaining assets pass to non-charitable beneficiaries designated by the donor. Donors use CLTs to reduce gift and estate taxes by taking advantage of the difference between the present value of projected charitable payments and the actual growth of the trust's assets over time. CLTs allow donors to transfer wealth to heirs in a tax-efficient manner while also providing benefits to charity.
Key, inside admissions considerations about Professional Science Masters (PSM) programs. Make good choices about programs and submit stronger applications.
The document provides an analysis of various album covers and music videos. It analyzes different elements of the album covers and videos, such as imagery, symbols, and themes, and how they relate to the genre of music and message the artist is trying to convey. Key points analyzed include a Kanye West album cover symbolizing graduation and youthfulness, and a Chris Brown music video using imagery of loneliness, coldness, and longing to portray emotions after a relationship breakup. The document also discusses the results of audience research conducted on music video preferences.
Este documento lista las principales características de una computadora, incluyendo ranuras PCI, USB, BIOS, ranuras para procesador, memoria, discos y fuente de poder, así como chipset.
This document discusses capital allowances, which allow commercial property owners to claim tax relief for expenditures related to plant, machinery, and integral features of their properties. Capital allowances help reduce tax bills by protecting profits or income from taxation. Many types of commercial properties are eligible for capital allowances, including offices, hotels, retail outlets, and more. Property owners can claim allowances for both owned and leased properties. The document provides examples of eligible plant and machinery, as well as integral features added since 2008. It invites readers to request a free review of potential capital allowance benefits.
If It Took A Lifetime To Accumulate Your Nest Egg, Its Worth Protectingpjdemees
In this slideshow, I hope to be able to answer your most pressing questions as it relates to wealth preservation, estate equalization, and the financial impact of a life altering illness.
This document introduces the "Anti-AnnuityTM", which is described as Single Premium Indexed Universal Life insurance (SPIUL). It summarizes the credentials and experience of the advisors behind the product. The SPIUL is presented as a tax-advantaged alternative to annuities that allows tax-free growth and access to funds. Examples are given showing how SPIUL can be used to create larger tax-free inheritances than other options like annuities. It also describes how SPIUL can be used to avoid taxes on IRA and retirement account funds by transferring them into the life insurance product. Readers are encouraged to schedule a meeting with the advisors to learn more about SPIUL and how it can save on estate
The document discusses various tax reliefs available in Ireland to reduce Capital Acquisitions Tax (CAT) liabilities for beneficiaries receiving gifts or inheritances. It outlines several reliefs including Business Asset Relief, which can reduce the taxable value of a business gift to 10%; the Dwelling House Exemption, which provides a total exemption for inheriting a principal private residence; and Agricultural Relief, which reduces the taxable value of inheriting agricultural assets to 10%. The document also discusses how the annual gift exemption of €3,000 and planning gifts over multiple years can significantly reduce future CAT liabilities.
Investor's Capital Funding (ICF) provides alternative real estate financing in Texas, focusing on short-term loans secured by commercial and residential property. The company was founded by Managing Partners Rob Champion and Tom Wagner, who have over 30 years of combined real estate lending experience. ICF offers investors opportunities to earn returns of 10-12% by participating in non-traditional real estate loans that are secured by hard assets and have protective equity.
This presentation is about how to integrate charitable gift planning into your overall financial strategy in a way that will allow you to give to your favourite charities and reduce your overall taxes.
The document discusses various options for owning life insurance in an estate plan, including both personal ownership and ownership through an irrevocable life insurance trust. It notes that the standard recommendation is for a trust to own life insurance to avoid estate taxes, but that personal ownership may also make sense depending on an individual's circumstances. The document explores issues to consider regarding how life insurance fits into an estate plan based on an individual's needs, goals, and tax situation.
The document summarizes a presentation about charitable trusts and estate planning. It discusses how charitable remainder trusts can provide income for life, pass assets to heirs free of estate taxes, and leave remaining assets to charity. It also describes how charitable lead trusts can eliminate estate taxes by having charity receive income for a period before assets pass to heirs.
http://ekinsurance.com/financial/what-are-annuities/
Annuities can be a great way to make your money work, but many people may not understand the risks, rewards, or the workings of their annuities.
Thinking of putting your property into a Property Protection Trust, we can help and offer advice with the process, our leaflet here can set you on the right path and advice if you can do this to avoid care home fees.
This document discusses how permanent life insurance can be a tax-advantaged investment asset that provides growth potential, access to cash value through loans, and benefits for heirs. It provides an example comparing returns from life insurance to traditional investments like interest, dividends, and capital gains, showing that life insurance requires less capital and risk to achieve the same results due to its tax advantages. While collateral loans involve risk, permanent life insurance is positioned as an effective strategy for managing assets, accessing funds, and preserving an estate over the long term.
This document discusses various topics related to life insurance, including:
- Claims and payment options for life insurance proceeds, such as lump-sum payouts, life annuities, or other structured payouts.
- Tax considerations for life insurance proceeds, including income tax treatment and estate tax treatment if the proceeds are included in the insured's gross estate.
- Uses of irrevocable life insurance trusts to hold policies and avoid estate taxes.
- How life insurance is used in buy-sell agreements and split-dollar arrangements between business owners.
- The role of life insurance in qualified retirement plans and other employee benefit arrangements.
Charitable remainder trusts (CRTs) allow individuals to benefit their chosen charity while also providing financial benefits for themselves and their families. CRTs come in two forms: charitable remainder unitrusts (CRUTs) which pay a percentage of the trust's value each year that may vary, and charitable remainder annuity trusts (CRATs) which pay a fixed annual amount. CRTs provide income tax deductions, avoid capital gains tax, and generate lifetime income streams for settlors and beneficiaries while also leaving remaining assets to charity upon death. They are an effective estate planning tool to reduce taxes and provide for families and philanthropy.
The document discusses net worth and how to calculate it. Net worth is calculated as total assets minus total liabilities. Assets are divided into liquid, semi-liquid, and non-liquid categories. Liabilities are divided into short-term and long-term debts. The document provides an example of calculating an individual's net worth and debt-to-equity ratio. It recommends strategies for increasing net worth such as higher investment returns, reducing debt, and saving more regularly.
A testamentary trust will provides advantages over a simple will. It can minimize taxes through a trust structure. It protects assets from beneficiaries' creditors through bankruptcy or marriage breakdown by holding assets in trust. It can ensure equal distribution of assets, including superannuation, contrary to a simple will. It also allows imposing conditions to protect vulnerable beneficiaries. Appointing roles like appointor and protector aim to protect the primary beneficiary's interests. A testamentary trust will can thus provide greater asset protection and tax benefits than a simple will.
Life Insurance & Charitable Remainder TrustsRussell James
A lecture on tax planning that combines life insurance with charitable remainder trusts, specifically through use of an irrevocable life insurance trust (ILIT)
A Charitable Lead Trust (CLT) makes payments to charity for a set period of time, after which any remaining assets pass to non-charitable beneficiaries designated by the donor. Donors use CLTs to reduce gift and estate taxes by taking advantage of the difference between the present value of projected charitable payments and the actual growth of the trust's assets over time. CLTs allow donors to transfer wealth to heirs in a tax-efficient manner while also providing benefits to charity.
Key, inside admissions considerations about Professional Science Masters (PSM) programs. Make good choices about programs and submit stronger applications.
The document provides an analysis of various album covers and music videos. It analyzes different elements of the album covers and videos, such as imagery, symbols, and themes, and how they relate to the genre of music and message the artist is trying to convey. Key points analyzed include a Kanye West album cover symbolizing graduation and youthfulness, and a Chris Brown music video using imagery of loneliness, coldness, and longing to portray emotions after a relationship breakup. The document also discusses the results of audience research conducted on music video preferences.
Este documento lista las principales características de una computadora, incluyendo ranuras PCI, USB, BIOS, ranuras para procesador, memoria, discos y fuente de poder, así como chipset.
This document discusses capital allowances, which allow commercial property owners to claim tax relief for expenditures related to plant, machinery, and integral features of their properties. Capital allowances help reduce tax bills by protecting profits or income from taxation. Many types of commercial properties are eligible for capital allowances, including offices, hotels, retail outlets, and more. Property owners can claim allowances for both owned and leased properties. The document provides examples of eligible plant and machinery, as well as integral features added since 2008. It invites readers to request a free review of potential capital allowance benefits.
The document summarizes an Earth Day event held at the Warren Tech Center in 2011. It lists various vendors and sponsors that attended the event, including KnightFM, GM, Chevy, Siemens, and Supply Pro. It also names several KnightFM team members who helped organize activities like passing out brochures and face painting. Photos are included of the KnightFM team, banners sponsored by GM, and other attendees of the 2011 Earth Day event.
This document discusses capital allowances claims that can be made on commercial property in the UK. Some key points:
- Capital allowances date back to the 1870s and are governed by the Capital Allowances Act 2001, with decades of case history refining interpretations.
- Capital expenditures that improve assets with enduring benefits to a trade can be claimed. Examples of qualifying plant and machinery expenditures are given.
- Making capital allowances claims can provide significant tax benefits by reducing taxable profits. Examples are given showing potential tax savings of thousands of pounds.
- Reasons claims may not always be made include lack of awareness by solicitors, accountant misconceptions, or concerns about clawbacks. The future
The document provides guidance for public speakers on audio/visual equipment and setup, including inspecting the venue in advance, understanding common PA system and microphone types, avoiding common pitfalls like lack of backups or relying too heavily on visual aids, preparing an "emergency kit," and including a technical rider detailing audio/visual requirements in speaking contracts to ensure needs are met.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses the results of a study on the impact of climate change on wheat production. Researchers found that higher temperatures and changing precipitation patterns due to climate change will significantly reduce wheat yields across major wheat-producing regions by the end of the century. Reductions in wheat production are projected to range from 6-25% depending on future greenhouse gas emissions and efforts to adapt farming techniques to new climate conditions.
This document provides a guide to developing effective oral presentation skills. It discusses the importance of preparation and planning, including determining the aim and main points, and considering the audience. The document outlines the key elements of a successful presentation structure, including an introduction to get the audience's attention, greet them, and introduce oneself. The body of the presentation should cover the main points, and the conclusion should summarize the main ideas and call the audience to action. Visual aids, body language, voice, and pronunciation are also addressed. Thorough preparation is emphasized as essential for a polished presentation.
Culture and interpersonal communicationaggiechick26
This document discusses culture and interpersonal communication. It defines key concepts like culture, enculturation, ethnic identity, and acculturation. It also examines how culture influences beliefs, values, and communication. Specifically, it explores how cultures can differ in terms of power distance, masculinity vs. femininity, ambiguity tolerance, individualism vs. collectivism, and high vs. low context. Finally, it outlines several principles for effective intercultural communication, such as educating yourself, reducing uncertainty, confronting stereotypes, and adjusting your communication style.
Allergy & Asthma Prevention- Main Street Medical Carekatherinestimson
The document is a survival guide for allergies and asthma presented by Dr. David Zahaluk of Main Street Medical Care. It provides information on the nature of allergies including how the immune system responds to allergens and the symptoms of allergies. It also discusses asthma including what causes it, common triggers, classifications of severity, and treatment options for both maintenance and acute exacerbations of asthma.
Information On Property Tax Lien Investinglschmidtcep
Earn Attractive Annual Yields by Investing in Tax Liens and Deeds purchased by Commercial Equity Partners, Ltd. Your funds are invested through the purchase of Property Tax Liens throughout the United States.
The document provides 13 tax strategies for saving money, as outlined by Mark Huber, CFP. Strategy #1 recommends lending money to a lower-income spouse at the prescribed interest rate of 1% so any investment gains will be taxed at the spouse's potentially lower tax rate. Strategy #2 suggests liquidating investments to pay down non-deductible debt and replacing them by borrowing to make the interest deductible. Strategy #3 recommends selling losing investments to offset capital gains.
Please review my information package explaining how reverse mortgages can help mature adults lead a more productive quality of life. Using a grown credit line that grows over time with no impact to social security or personal income tax liability
This document discusses annuities as safe money products that can help preserve wealth and provide financial growth and secure retirement. It provides information on different types of annuities including fixed annuities, which offer guaranteed minimum interest rates and tax advantages, and variable annuities, which carry investment risk. The document outlines benefits such as tax deferral, death benefits, and guarantees as well as factors to consider like fees, liquidity, and maturity dates when evaluating annuities.
This document discusses four important financial issues for retirees: generating sufficient retirement income, maintaining affordable health coverage, maintaining independence at advanced ages, and best leaving assets to heirs. It provides information on investing retirement funds for higher returns than savings accounts to cover health and long-term care costs if needed. The document also discusses Medicare options and the importance of supplemental coverage, as well as factors to consider regarding annuities and long-term care insurance due to the high likelihood of needing long-term care services.
Retirees: Important Questions About Finances309finance
Baby Boomers are retiring and approaching retirement age at a very fast rate and with a very high volume. Many of the baby boomers as well as anyone reaching retirement might have questions about financial security or personal finances. This slide presentation is just a quick guide to popular retirees questions that you might encounter as well as questions regarding retirement and finances.
Note: we are not making any recommendations or advice via the slides. Our goal is to provide information to help you research and understand the challenges being faced by retirees.
Presented by: www.309finances.com
The document provides a summary of common mistakes made by first-time home buyers and tips to avoid them. The top 5 mistakes are: 1) Not asking their lender enough questions to get the best mortgage deal. 2) Not making a quick buying decision and losing out to other offers. 3) Not finding the right real estate agent to guide them through the process. 4) Not making their offer appealing to sellers. 5) Not considering how long they plan to stay in the home and the costs of eventual resale. The document stresses the importance of working with knowledgeable professionals and doing thorough research to avoid costly errors when purchasing a first home.
The document discusses the process of purchasing a home through a mortgage lender called Fairway. It begins by outlining the benefits of owning a home over renting, as owning allows individuals to build equity over time instead of their monthly payments disappearing as rent. It then walks through the steps involved in the home buying process, including getting pre-qualified, processing the loan, underwriting, pre-closing, and closing. Key aspects of mortgages like principal, interest, taxes, insurance, points, and amortization are also defined.
A reverse mortgage allows homeowners aged 62 or older to convert equity in their home into tax-free cash without having to make monthly payments. Recent changes have made reverse mortgages safer and more effective for retirement planning by limiting how much equity can be borrowed and providing mortgage insurance. People are using reverse mortgages to pay off existing mortgages, supplement retirement income, finance home renovations for aging in place, and have emergency funds. A reverse mortgage may be suitable for homeowners looking for ways to maximize their retirement savings and income as part of a balanced retirement plan.
Tax letter overlooked strategy - transfer policy ownershipontario lifeline
relates to Fair Market Valuation of individual life policies in Canada either for transfer to individual's professional or business corporation or donation to a charity
This document contains information about sharing financial decisions with a spouse. It discusses how investing in a spouse's name can help cut taxes. Specifically, it provides four tax-efficient strategies for couples, such as investing in tax-free investments like the Public Provident Fund or equity mutual funds to avoid additional tax liability. The document also discusses how gifting gold jewelry instead of cash to a spouse does not generate any taxable income.
Loanseeker is Australia's Leading Online Mortgage Broker. With a fully stocked Resource Centre to help everyone become a property investing guru. visit http://Loanseeker.com.au for more info.
For Those Who Want to Prosper & Thrive in Retirementfreddysaamy
http://ekinsurance.com/financial/retirement/
Our core capital should be designed to outlive us. In fact, it’s important for you to start thinking about your money in terms of it outliving you, not the other way around. You don’t want to outlive your money.
Cindee Stone has over 15 years of experience helping people achieve homeownership through her mortgage lending expertise. She founded People Want Info to educate homebuyers on the loan process and stresses the importance of pre-approval to feel comfortable throughout the process. With her positive attitude and focus on clients, Cindee has achieved success in the mortgage industry by ensuring the best outcomes for each individual borrower.
10 Secrets to Successful Private Lending - July 2015Derk Hebdon
The document provides contact information for Derk Hebdon regarding joint venture real estate deals. It then discusses criteria for evaluating private lending deals, including maintaining a conservative loan-to-value ratio, obtaining first lien position, getting a promissory note, ensuring the lender is named as an additional insured on the property insurance, and purchasing lender's title insurance. The document is focused on strategies for private lenders to protect themselves and their investment.
Women have unique financial issues and needs. This presentation discusses 15 of the most common misconceptions women have about general financial strategies, retirement and estate planning, insurance, as well as money and relationships. It provides guidance on strategies to help women manage their finances.
Many clients assume that when retirement rolls around, they should draw
cash from their taxable accounts first. Generally, this is a good idea—
but not always.
Estate planning is important to ensure dependents are cared for after death and to protect hopes and dreams for them. When planning an estate, consider: 1) Having a simple will that is easy to understand and execute; 2) Using a testamentary trust if there are minor children or an ex-spouse; 3) Ensuring enough liquidity to cover taxes and liabilities; 4) Understanding implications of marriage contracts on asset distribution; 5) Choosing an expert executor to efficiently wind up the estate. It is also critical to have life policies to provide immediate cash flow and not fall under the executor.
1. asset
income plan
“Income for homeowners”
“Improved turnover for businesses”
Haven
INTERNATIONAL CONSORTIUM LTD
2. Are you affected by any of the following?
• Savings rates at record lows • Business struggling
• Poor investment returns • VAT man knocking at the door
• Volatile stock market • Bank withdrawn finance facility
• Pension plans not performing • Cash flow compromised
• Salary not keeping up with inflation
• Ever rising costs
• Danger of redundancy Are you struggling to find a solution?
• Can’t afford to retire
Do you own your own home or business premises?
• Forced to retire early
• Insufficient retirement income
Your biggest asset, your home or business
premises, could be the answer to your prayers...
The equity in your property, whilst it may have grown over the years, has never actually earned anything.
Traditionally there has always been a cost attached to accessing that wealth. Releasing equity has always been
seen as a “last resort” option with some or all of the associated downsides:
8 interest payments
8 debt
8 erosion of equity/inheritance
8 loss of title to the property
8 punitive early redemption clauses
Would you prefer your property to earn rather than cost money:
3 no debt or interest payments
3 no erosion of equity
3 no loss of title
3 no age requirements
3 no income requirements
The Asset Income Plan is the perfect opportunity to satisfy the needs of two disparate parties. You,
the property owner, can earn interest on your equity, paid for by the need for Insurance Companies
to increase their capital reserves, a demand made by the EU directive, “Solvency II”.
3. How does it work?
The Asset Income Plan has been created to How can the Insurance Companies afford to
enable property owners to benefit from a much pay you in return for the equity charge?
needed quarterly income linked to the value of Well, under solvency rules, Insurance
the property. An income obtained without Companies must have increased levels of
borrowing, without paying interest, without capital reserves to support the insurance
eroding the equity in the property and without business that they write, not an easy task in
losing title to the property.
today’s economic climate.
An independent financial adviser or mortgage
Adding packages of property charges to
broker will discuss the suitability of the plan
their balance sheets is a cost effective means
to make absolutely sure that it meets your
for them to write greater levels of business,
needs. If so they will let you have an illustration
with the associated increase in profit more
showing the income which the plan will provide
for you based upon the expected value of the than adequate to cover the quarterly
property. Assuming that you wish to proceed, payments to you, the property owner. In
perhaps after further discussions with your short, everyone wins, the Insurer can write
family and/or legal adviser, your property will more profitable business and the property
be valued and the quarterly income confirmed. owner earns an income in a way which has
never been possible in the past.
Your income will be paid to you by ‘A’ rated
or higher, nationally recognised Insurance
Companies to whom packages of equity in
many properties will be assigned. This helps
the Insurance Companies to comply with the
“Solvency II” EU directive which requires them
to increase their capital reserves in order to
continue to write their current levels and any
future insurance business. The contract term
will be for 10 years at which point the charge
will be automatically released with no debt or
interest payments due and retaining full title
to your property. For residential property
owners the contract can be terminated early by
giving 3 months notice, (during which time no
further payments will be received) for death,
divorce, bankruptcy, move to a care home or
moving home. For commercial property the
notice period is 6 months for death, divorce,
insolvency or administration. The contract may
also be renewed for a 2nd term according to
market conditions at the time.
4. *
Case Studies
Graham & Janet Parsons:
The Parsons paid off the mortgage on their 4 bedroom detached home on the south coast just over
2 years ago. In their late fifties, Graham is considering the possibility of semi-retirement which would
give them more opportunity to pursue their love of sailing, particularly in the summer months. However,
the reduced income could mean selling their current home and downsizing, which would affect the size
of inheritance for their children. Their IFA recommended the Asset Income Plan which would provide an
income of £13,750 every year for 10 years, more than enough to cover Graham’s reduced salary which
means they can stay in their current home.
Stuart Ashton
Stuart, 43, bought a small hotel 8 years ago with an inheritance of £600,000. He saw excellent growth
during the first 4 years but has suffered a fall in business since the infamous credit crunch hit. He loves
the business, is a very good host and does not want to sell the hotel. He feels his only other choice would
be to take a commercial loan, secured against the hotel, until business improves again, which he expects
to take another 2 or 3 years. He was lucky enough to broach the subject with his broker who suggested
the Asset Income Plan as an alternative. He is sure that the additional £15,000 per annum which the plan
will provide will help him through the hard times and increase his profit for the following 7 or 8 years.
Jim Overton
Jim is in his late seventies and is struggling to make ends meet as price rises continue to outstrip his small
pension increases. He owns his delightful cottage, worth about £160,000 and his two sons and daughter
want him to consider equity release as a way to enjoy his life more from the income it would provide. But
Jim is worried that this would severely diminish the inheritance that he would love to leave to his children.
By taking the Asset Income Plan that his financial adviser showed him, Jim can now comfortably live without
fear of debt or interest payments, secure in the knowledge that his family will still benefit from the full value
of his home.
*These case studies are fictitious, but should help to illustrate how the Asset Income Plan can change people’s lives for the better.
5. Questions & Answers:
Am I eligible for the Asset Income Plan?
Unlike most mortgage and equity release schemes
there are no criteria which might exclude applicants
other than owning a mortgage free property. There
are no age restrictions and no income or How much income can I expect?
employment restrictions. The Asset Income Plan pays 5% of the value of
the charge taken (up to 50% of the value of the
Are there any capital or interest property) every year for 10 years. A property
payments due? worth £200,000 would have a charge taken
Traditional equity release, lifetime mortgage or of £100,000 which would earn £5,000 every
reversion plans require interest payments, build year, a total of £50,000.
up a debt that needs repaying or erode the equity
in your property. With the Asset Income Plan What are the risks?
there are NO payments due, either now or in the The charge on your property will be assigned
future and NO loss of equity in your property. to financially strong, nationally recognised
Insurance Companies. The chance of such
Do I lose the title on my property? strong entities either defaulting on their
Absolutely not. A charge is taken on your payments or going into administration are
property and assigned to the Insurance very low, although not impossible. However,
Company, but the title remains yours and the should the Insurance Company become
charge is merely released at the end of the insolvent, the charge on your property will
term with nothing to pay and no loss of equity. be protected by an insurance policy which
will pay the value of the charge which can
How much will this cost me? then be released by the administrator. The
For residential property owners there are no only loss, therefore, would be of the
arrangement fees for setting up the Asset quarterly payments due during the
Income Plan, although a standard valuation remainder of the 10 year term.
fee is payable. For commercial property owners
the valuation fee would depend upon the Any other considerations?
complexity of the valuation. Should you decide It is important to understand that the
to take additional legal advice this would be at income produced is potentially taxable, paid
your own expense. Your financial adviser/ gross. The entitlement to certain State
mortgage adviser may charge you a fee for Benefits could be affected by this plan so
their advice. you should check with your financial adviser.
This plan will only provide an income; if you
require a lump sum then there are other
options that may be more suitable.