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
Luxury Lifestyle Logistics | Jennifer Laurence
About Jennifer Laurence Jennifer is the founder and President of Luxury Lifestyle Logistics. She is a consummate hospitality professional who has loved domesticity for as long as she can remember. Early in her college career, she discovered the world of professional home management and private service through an estate management internship and knew she…
The State of Silicon Valley | Russell Hancock
About Russell Hancock Russell Hancock is President & CEO of Joint Venture Silicon Valley, a position he has held since 2003. In this role Dr. Hancock is best described variously: as a civic leader, community gatherer, institution builder, social entrepreneur, and outspoken advocate for regionalism. Since taking the helm of Joint Venture he has quadrupled…
Learning to Live Abroad | Keith Van Sickle
About Keith Van Sickle Keith grew up in Alameda, California, the son of public school teachers. He got his first taste of overseas life while spending a college term in England and later backpacked around the world for six months. Grateful for the scholarships that helped him pay for college, in 1987 he started…
Becoming Part of the Solution | Troy Downing
About Troy Downing Troy is a strong supporter of smaller government, the 2nd Amendment, and economic prosperity for all through lower taxes. An avid outdoorsman and huntsman, Troy firmly believes that we need true political outsiders in Washington to stand up for Montana against the federal government whenever necessary. Troy started as a Research Scientist,…