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Today's Key Question:
Have you heard of Late Start Split Dollar!? It is yet another version of the popular life insurance funding mechanism.
See the article below from JD Supra.
"Family Offices Consider Digital Assets"
* Traditionally, multigenerational family offices are risk averse, focusing on wealth preservation rather than rapid new wealth creation. Bitcoin and other cryptocurrencies continue to be too high risk to make it into the general family portfolio. The millennial generation within the families, however, see the potential, often holding a modest investment in digital assets in personal portfolios, while allocating family assets into ‘flight to safety’ assets like gold and real estate, earning a modest return on investment.
"Worried about another slump, many firms hire temporary workers instead of permanent staffers"
* “We didn’t want to have to lay off more people,” Ginger says, adding the initial round of cuts “was brutal.”
So the Diazes instead hired three contract workers who don’t receive health care, vacation or other benefits and could be let go at any time.
"Why Americans Fear the COVID-19 Vaccine"
"It’s (Not) Too Late, Baby! Using Late Start Split Dollar to Create Financial and Tax Leverage"
* I have been writing for several weeks on Split Dollar Life Insurance and specifically the Loan Regime Method of Split DollarTM. The Loan Regime Method of Split DollarTM is a planning strategy that should be on the top of the planning list for financial advisors and life insurance agents.
Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here