Using Qualified Plan Dollars to Buy Life Insurance
For your small-business-owner client, this strategy can ease the transition of the business upon the owner’s exit. Watch the details, however, especially on taxation.
Kotlikoff: Investors at Risk of Wipeout, SIPC a Fraud
Economist Laurence Kotlikoff says all Americans should close their brokerage accounts immediately because of what he calls a massive insurance scam by the SIPC.
‘Free Ports’ for Storing Clients’ Valuables: The Pros and Cons
Your high-net-worth clients may save on taxes by using free ports, but these warehouses filled with valuables are anything but free.
Good Times? Then ‘Rebalance’ HNW Clients’ Insurance Coverage
In this period of relative calm, financially speaking, review clients’ insurance policy coverage terms, conditions and, especially, financial limits.
Caution: Clients Who Volunteer Unknowingly Put Assets at Risk
Umbrella and charitable directors and officers’ insurance can provide affordable protection for boomers who want to give back to the community, but also want to protect themselves and their assets.
Matching HNW Clients’ Coverage With Their Risk Profile
Even, and especially, for the high net worth, make sure those clients’ insurance coverage matches their risk profile. Ask probing questions to determine their real, if often overlooked, risks.