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
Derek Lobo’s Brilliant “Self Funding House”: The Dream has Not Passed You By
Introducing Derek Lobo, author of Self Funding House Derek Lobo, CEO & Broker of Record of SVN Rock Advisors Inc., is a recognized housing expert in Canada’s expensive and highly competitive housing markets. As Derek puts it, the affordability gap between home ownership and renting has become a full-fledged crisis. Current interest rates are not…
The Self Funding House with Derek Lobo, Commercial Real-Estate Titan
Derek Lobo talks with Alan Olsen, CPA and Host of the American dreams show about his book; “The Self Funding House”. Transcript (software generated): Alan Olsen Welcome to American Dreams. My guest today is Derek Lobo. Derek, welcome to today’s show. Derek Lobo All him great to be here, man. Alan Olsen Derek…
Daniel Hammond Customer Driven Leadership LLC – A Servant Leadership, Entrepreneurial Problem-Solving Model
Daniel Hammond is the Managing Partner of Customer Driven Leadership LLC, an organization dedicated to transforming businesses through servant leadership and entrepreneurial problem-solving. Founded by Dr. Ted Anders, Customer Driven Leadership LLC has a mission to help over 1,000 ethical organizations reach their goals and provide exceptional service to their customers. Daniel Hammond is the…
Episode 32: Year End Tax Planning
Ron Cohen talks about year end tax planning. Transcript: Today we discuss: -A review of year end tax planning issues and strategies About Ron Cohen’s Show: Hello and welcome. This is Ron Cohen. I’m a tax partner with the firm of Greenstein, Rogoff, Olsen & Co., LLP and we’re located in beautiful downtown Fremont, California.…