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
What Philanthropy Really Is
What Philanthropy Really Is What comes to your mind when you hear the word philanthropy? Perhaps you think of giving away money to a great cause in order to help further its purpose. Maybe it’s a large donation to a school, a community service or a new building designed to help many. Of course, philanthropy…
How to Be a Leader: Dispelling the Myths
How to Be a Leader: Dispelling the Myths No matter what position you hold in your company, your ability to lead will greatly determine the extent of your success. Leadership skills enable you to guide customers effectively, get team members and company leadership to buy in to your ideas, and develop the respect and reputation…
What Makes a Great Boss Unforgettable?
What Makes a Great Boss Unforgettable? Have you ever had one of “those” bosses? You know the type. The kind of person that walks around like a prison guard, always peering over your shoulder through his or her mirrored glasses, ready to pounce on you like a lion at the first sign of trouble. Of…
Habits to Ditch So You Can Retire by Your 40th Birthday
Habits to Ditch So You Can Retire by Your 40th Birthday Are your retirement plans set? Are you going to call it quits when you turn 65 and spend your goldenyears traveling the world, lavishing your grandkids with gifts and good times, and spending your down time relaxing in the sun by a crystal-clearpool? It…