How Will Tax Code Changes Affect High-Net-Worth Investors?
Taxes were a huge part of President Trump’s campaign but so far the Trump administration hasn’t announced any new legislation. However, even though no big tax changes have been made to our country’s tax system they are almost certainly on the way. Depending on your financial status, the expected changes could have a huge impact on you going forward.
Particularly, high net worth individuals are expected to benefit greatly from President Trump’s new tax code. However, when it comes to investing there is a lot of uncertainty as to how any possible tax changes will affect the portfolios of high net worth investors.
Trump has promised to lower taxes on both individuals and corporations. Part of his strategy is to lower capital gains, which would be good news for all investors. However, in order for top investors to stay on top they will have to buy into the right investments to maximize their tax savings.
Many wealth managers are already gearing up for the expected changes and several agree that private placement life insurance is a good bet. According to one wealth-planning manager, PPLIs “provide cash value appreciation based on a segregated investment account and a life insurance investment.”
PPLIs have long been a popular choice for the extremely affluent since the early 1990s, but they are now available to an even larger group of wealthy investors, and they are a great way to accumulate wealth and achieve large tax benefits. Therefore, it’s very likely that many high-net-worth individuals will be adding PPLIs to their portfolios as tax changes take place.
http://www.forbes.com/sites/russalanprince/2017/02/07/changes-in-tax-code-will-lead-to-changes-in-high-net-worth-investment-portfolios/#ce634f681e99
12 Traits of Highly Successful Entrepreneurs
What are the traits of successful entrepreneurs that set them apart from everyone else? What trait do entrepreneurs like Bill Gates, Steve Jobs, Lawrence Ellison, and Richard Branson have that the ordinary entrepreneurs don’t? All these questions are going to be answered in this article. After understudying the lives of successful entrepreneurs, I have been…
9 Characteristics That Millionaire Business people Have in Common
9 Characteristics That Millionaire Business people Have in Common In May 2005, Forbes magazine reported that there were 691 billionaires in the world. 1400 people across the world turn into millionaires every day. Want to become one of them? Of course, you do. Everyone wants the freedom to do business in the way they choose.…
Effectively Managing Your Goals
Effectively Managing Your Goals In effectively managing your goals, you need to know where you are going, start with the end in mind. In order to do this, it is important to establish an effective process to carry out your goals. Some goals may take only days to accomplish while others may take years. In…
What do both Goal Failure and Goal Success have in Common?
What do both Goal Failure and Goal Success have in Common? The other day I was asking my 12-year-old son how basketball practice went (he is playing goal success goal failure with a new year-round competitive team), and how he feels he is doing. He said, “Good.” That’s the typical answer I get from him,…