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while we wait lets look at this, Investment ideas
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Re: while we wait lets look at this, Investment ideas
Any annuity will have "fees," actually penalties for taking out too much over the life of the contract. Typically with the ones I deal with as a licensed agent the amount that can be withdrawn without a penalty is 10% a year. Some exclude the first year, some allow you to take out more if you did not withdraw the year before. Typically the contract life is between 5 and 10 years with the 8 - 10 year time period being the most common.
Wenlee I think, is mixing up INDEXED annuities, with VARIABLE annuities. An indexed annuity is a FIXED annuity that is tied to some equity index typically with some sort of cap or participation rate. A variable annuity is very similar to a mutual fund in that it is invested (not tied) to an equities fund. With an indexed annuity there is no market risk, while with a variable annuity there is.
Life insurance and annuities most definitely have a place in financial planning. But they are not the only things to be considered. Anyone who has sizable assets needs to have a financial team, tax layer, insurance agent and financial planner at a minimum who will work with them AND with each other to develop a comprehensive plan of wealth management and succession. Choose carefully, but I would not limit myself to just the big three or big four. Almost any insurance company will be more stable than a bank in hard times by the nature of their business and the types of investments that are made.
Wenlee I think, is mixing up INDEXED annuities, with VARIABLE annuities. An indexed annuity is a FIXED annuity that is tied to some equity index typically with some sort of cap or participation rate. A variable annuity is very similar to a mutual fund in that it is invested (not tied) to an equities fund. With an indexed annuity there is no market risk, while with a variable annuity there is.
Life insurance and annuities most definitely have a place in financial planning. But they are not the only things to be considered. Anyone who has sizable assets needs to have a financial team, tax layer, insurance agent and financial planner at a minimum who will work with them AND with each other to develop a comprehensive plan of wealth management and succession. Choose carefully, but I would not limit myself to just the big three or big four. Almost any insurance company will be more stable than a bank in hard times by the nature of their business and the types of investments that are made.
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Re: while we wait lets look at this, Investment ideas
What a great thread! One of the most valuable I have seen in a while.
4silver, asked a question towards the begging of this thread with regards to taxes. I know this is a touchy subject especially for US citizens, but I live in Panama and my wife is Panamanian. We already met with our attorney last week to discuss any relevant tax issues that could arise from our cashing of the Dinar here.
Basically, after much discussion and back and forth, he determined that if the Dinar was cashed in my wifes name´, that under Panama law there would be no tax issue pertaining to income or capital gain taxes.
I know this does not apply to most here in the forum, but at least for now we seem to be covered from our end down here.
Regarding investments post RV: I also agree with H20 that entertainment and leisure are good bets especially if there simply part of the overall diversification. I have thought about some amount into a small yacht charter business. i know yachts are money pits, but I do know of a guy in the US whom has developed technology that can converts larger heavy duty diesel engines to run solely on hydrogen gas generated from salt water. So in essence, if I could do this then the largest operational expense of such a business could easily be halved.
As such, we enjoy owning and operating a local charter business that is very competitively priced and also take advantage of the beautiful marine destinations, activities, and tourist areas that Panama has to offer.
Aaron
4silver, asked a question towards the begging of this thread with regards to taxes. I know this is a touchy subject especially for US citizens, but I live in Panama and my wife is Panamanian. We already met with our attorney last week to discuss any relevant tax issues that could arise from our cashing of the Dinar here.
Basically, after much discussion and back and forth, he determined that if the Dinar was cashed in my wifes name´, that under Panama law there would be no tax issue pertaining to income or capital gain taxes.
I know this does not apply to most here in the forum, but at least for now we seem to be covered from our end down here.
Regarding investments post RV: I also agree with H20 that entertainment and leisure are good bets especially if there simply part of the overall diversification. I have thought about some amount into a small yacht charter business. i know yachts are money pits, but I do know of a guy in the US whom has developed technology that can converts larger heavy duty diesel engines to run solely on hydrogen gas generated from salt water. So in essence, if I could do this then the largest operational expense of such a business could easily be halved.
As such, we enjoy owning and operating a local charter business that is very competitively priced and also take advantage of the beautiful marine destinations, activities, and tourist areas that Panama has to offer.
Aaron
awilliams- New Member
- Posts : 17
Join date : 2012-01-22
Re: while we wait lets look at this, Investment ideas
There are many investment newsletter companies out there...The one I have subscribed to for nearly a year now is Stansbury and Associates. I recieve daily E-mail reports. These investment reports are real money makers when you follow their recommendations....These guys are the real deal and offer different advisory products for all types of investments. You recieve their advice and do your own investing and trades. After the RV check them out, or if you are actively trading now, you owe it to yourself to look at what they offer. It would be great if they were paying me to recommend them, but I am shareing this because I'd like to see my family here prosper....just an FYI.
H2OMAN- Forum Fanatic
- Posts : 196
Join date : 2011-07-18
Location : AZ
Re: while we wait lets look at this, Investment ideas
Thanks H2O,I googled them,very interesting. :cheers:
*****************
"Success is not final, failure is not fatal. It's the courage to continue that counts."
Winston Churchill
(1874-1965)
dinarstar- VIP Member
- Posts : 2367
Join date : 2011-10-09
Re: while we wait lets look at this, Investment ideas
H2OMAN wrote:There are many investment newsletter companies out there...The one I have subscribed to for nearly a year now is Stansbury and Associates. I recieve daily E-mail reports. These investment reports are real money makers when you follow their recommendations....These guys are the real deal and offer different advisory products for all types of investments. You recieve their advice and do your own investing and trades. After the RV check them out, or if you are actively trading now, you owe it to yourself to look at what they offer. It would be great if they were paying me to recommend them, but I am shareing this because I'd like to see my family here prosper....just an FYI.
Thanks.
Last edited by punisher on Sun Feb 19, 2012 6:34 am; edited 1 time in total (Reason for editing : error)
Guest- Guest
Re: while we wait lets look at this, Investment ideas
One thought I have been considering is to buy up a grocery wholesale house. Not only would this allow to make profits by the resale of goods but also allow to use these less cost goods to be distributed (given away) to needy families. The more profit, the more that could be given away, and still be ahead. ...rick152
*****************
Love understands, Love supports, comforts and, cares for. Love forgives. Love also honors, respects and, believes
so please;
Love each other and yourself ...rick152
rick152- VIP Member
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Join date : 2011-06-19
Age : 66
Location : Eastern Ohio
Re: while we wait lets look at this, Investment ideas
rick152 wrote:One thought I have been considering is to buy up a grocery wholesale house. Not only would this allow to make profits by the resale of goods but also allow to use these less cost goods to be distributed (given away) to needy families. The more profit, the more that could be given away, and still be ahead. ...rick152
This is quite admirable Rick however, you would be dependent on someone else (most likely a corporate entity) to provide the product for you. In this corrupt corporate world, it seems to be the wiser choice to choose those plans and investments where we are not dependent on the corporate entity. It is my personal belief that in addition to all the economical and political changes we are witnessing, we will also see the corporate structure topple in the near future (unless of course the entity is/was created and designed for the good of all).
IMHO
GG
GoodGosh- Elite Member
- Posts : 294
Join date : 2011-11-18
Muni bonds
pheasant hunter
I show as a novice on Okie but I am not a novice on Muni's. Buy only Texas bonds with the Permanent School Fund backing will have the highest rating possible. Becareful about chasing the rate because the bonds are priced on rate of return based on current interest rate ( rates change). The rates are lower for quality.
I show as a novice on Okie but I am not a novice on Muni's. Buy only Texas bonds with the Permanent School Fund backing will have the highest rating possible. Becareful about chasing the rate because the bonds are priced on rate of return based on current interest rate ( rates change). The rates are lower for quality.
slimpickens- New Member
- Posts : 9
Join date : 2011-12-14
Re: while we wait lets look at this, Investment ideas
With so many different types of business ideas here I thought I would add this...
Especially in businesse(s) plural for a single owner.
Lets look at the real estate part for our example here tonight.
Lets say one wishes to obtain several rental properties as income (rentals). It matters not whether they are single family homes, duplexes, quads or, apartment blocks. One should first form a "parent" corperation, and each individual "set" would be "enveloped" "under" the said corperation. Appearing as seperate companies with seperate bank accounts and seperate accounting.
Each seperate would be responsible to the parent, (allocating monies to the parent) AND seperate as to take care of themselves, IE funding, insurance,etc. Being "seperate but of the same would go a long way to "protect" the parent from the unforseen. One seperate fails the corp/parent remains healthy.
The other part would be to have most if not all employees of said companies/seperates be "contract" workers. In this said employee would be paid cash and be individually responsible for there own taxes, ssi, etc. These employees could be paid more money weekly to accomidate for those taxes but keeping them seperated from the company and the corperation. "Contract" employees are submitted each year a 1099 form instead of a W2. Other incentives could also be offered to said employees like medical insurance etc. A "withholding" account could also be offered, as a sort of "savings account" for taxes later due by the employee. Given to said employee around tax time.
These type applications can fit any type of multiple business scenario's. Keep them seperate and safe.
Look at major corps that do just this. Pepsico has Frito lay and Taco Bell all seperate. Same pattern.
If anyone has any to add to this, please bring it on.
Again I am not a tax advisor nor a attorney (heaven for bid) so please consult the approiate professional
...rick152
Especially in businesse(s) plural for a single owner.
Lets look at the real estate part for our example here tonight.
Lets say one wishes to obtain several rental properties as income (rentals). It matters not whether they are single family homes, duplexes, quads or, apartment blocks. One should first form a "parent" corperation, and each individual "set" would be "enveloped" "under" the said corperation. Appearing as seperate companies with seperate bank accounts and seperate accounting.
Each seperate would be responsible to the parent, (allocating monies to the parent) AND seperate as to take care of themselves, IE funding, insurance,etc. Being "seperate but of the same would go a long way to "protect" the parent from the unforseen. One seperate fails the corp/parent remains healthy.
The other part would be to have most if not all employees of said companies/seperates be "contract" workers. In this said employee would be paid cash and be individually responsible for there own taxes, ssi, etc. These employees could be paid more money weekly to accomidate for those taxes but keeping them seperated from the company and the corperation. "Contract" employees are submitted each year a 1099 form instead of a W2. Other incentives could also be offered to said employees like medical insurance etc. A "withholding" account could also be offered, as a sort of "savings account" for taxes later due by the employee. Given to said employee around tax time.
These type applications can fit any type of multiple business scenario's. Keep them seperate and safe.
Look at major corps that do just this. Pepsico has Frito lay and Taco Bell all seperate. Same pattern.
If anyone has any to add to this, please bring it on.
Again I am not a tax advisor nor a attorney (heaven for bid) so please consult the approiate professional
...rick152
*****************
Love understands, Love supports, comforts and, cares for. Love forgives. Love also honors, respects and, believes
so please;
Love each other and yourself ...rick152
rick152- VIP Member
- Posts : 2574
Join date : 2011-06-19
Age : 66
Location : Eastern Ohio
Re: while we wait lets look at this, Investment ideas
rick152 wrote:With so many different types of business ideas here I thought I would add this...
Especially in businesse(s) plural for a single owner.
Lets look at the real estate part for our example here tonight.
Lets say one wishes to obtain several rental properties as income (rentals). It matters not whether they are single family homes, duplexes, quads or, apartment blocks. One should first form a "parent" corperation, and each individual "set" would be "enveloped" "under" the said corperation. Appearing as seperate companies with seperate bank accounts and seperate accounting.
Each seperate would be responsible to the parent, (allocating monies to the parent) AND seperate as to take care of themselves, IE funding, insurance,etc. Being "seperate but of the same would go a long way to "protect" the parent from the unforseen. One seperate fails the corp/parent remains healthy.
The other part would be to have most if not all employees of said companies/seperates be "contract" workers. In this said employee would be paid cash and be individually responsible for there own taxes, ssi, etc. These employees could be paid more money weekly to accomidate for those taxes but keeping them seperated from the company and the corperation. "Contract" employees are submitted each year a 1099 form instead of a W2. Other incentives could also be offered to said employees like medical insurance etc. A "withholding" account could also be offered, as a sort of "savings account" for taxes later due by the employee. Given to said employee around tax time.
These type applications can fit any type of multiple business scenario's. Keep them seperate and safe.
Look at major corps that do just this. Pepsico has Frito lay and Taco Bell all seperate. Same pattern.
If anyone has any to add to this, please bring it on.
Again I am not a tax advisor nor a attorney (heaven for bid) so please consult the approiate professional
...rick152
Sounds like good advise Rick.
Guest- Guest
Re: while we wait lets look at this, Investment ideas
While we wait for the gag order to be done, there is a lot here to read to keep us busy ... I am sure there are several members who could add to it
Ponee- Admin
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Join date : 2011-08-09
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