The Rising Cost of Long Term Care Insurance Recently, Long Term Care Insurance [LTCI] policy-holders are reporting that their premiums are becoming unpredictable. The most dramatic increases are affecting customers who have had these policies for the longest amount of time. I don’t know that we can fully blame long term care insurance companies. They… Read more »
For immigrants who are planning on moving to the US, the IRS will welcome you with open arms. But for wealthy individuals, this embrace can be “very expensive”. They say that prior planning prevents poor performance; and protecting your assets from US taxes before a move to the US could save you and your children… Read more »
Slow and steady wins the race, so they say. But what happens if just before the finish line, the hare picks up the tortoise, places him back at the halfway point, and races to an unheralded victory? Think of your retirement savings as the tortoise, and taxes as the hare. After you have accumulated your… Read more »
With Rachel pregnant and on bed-rest, Andy needed quick and healthy foods for his wife and yet-to-be-born daughter. It was the year 1987, and even in California, he simply couldn’t find anything organic and ready-to-serve on the market. With that, a new business idea was born. Thank You, Small Business Owners According to the Harvard Business Review,… Read more »
With the 2017 tax reform, there were a few items that could have drastically changed estate planning strategies for the affluent individual. But, let’s keep a few things in mind: The bill passed with zero Democrat support. When Democrats get back the majority, they are likely to do whatever is in their power to dismantle… Read more »
Does this look like the plan for your IRA? Amass as much money as you can, compounding interest and deferring taxes until you retire. At that point, you’ll likely be in a lower tax bracket, so you will receive a higher payout. Everything you don’t need will go to your children. I Hate to Burst… Read more »
A wealthy foreign national (let’s say his name is Benson) with heirs in the United States could have a problem. The 2017 Tax Cuts and Jobs Act has created a land mine of penalties and taxes for those who are not careful when transferring assets to US-based individuals. Outlined below are a few solutions to help… Read more »
In case you were wondering, Ultra High Net Worth (UHNW) individuals are busier than ever when it comes to planning for estate and income taxes. The new tax laws have presented some opportunities that may not exist in a few years, and those who are extremely wealthy (and smart) intend to get their fair share… Read more »
“Dad, Sandra and I have been thinking about how we can best take care of you when you get older. When can we set aside some time to talk about your plans and expectations?” Chances are, your parents have been thinking about this very issue, but didn’t know how to bring it up. When you finally… Read more »
Have you ever felt like you were sitting in a quagmire of new tax regulations, wondering if you will ever emerge from the fog of confusion? Not only that, but finding a way to benefit from the tax changes seems as elusive as the morning dew. But just when you feel all hope is lost,… Read more »
