Tax-free Wealth Transfer- Saving you and your family a lot in taxes!

No matter how much money or possessions you amass in life, they will be of no use when you die. Unfortunately, taxes in this country are so rampant and repugnant, wealth planning at the hands of inexperienced or ill informed advisers can make your money a tax magnet for every government leach on the dole for your hard earned money.

This is why you need Tax-Free Wealth Transfer to help put the power of your money back in your hand and keep it away from those who didn’t work for it.

The Secret is Out In The Openphillipwassermaninsurancelogo.png

Consider a situation where you worked for years at the same job, and struggled every day to take care of your family and set some money aside for a rainy day.

While you have been paying tax on every dime of interest you earned, rich people have been getting off scot-free because they know how to invest their money in specialized life insurance plans. This one tiny secret and loophole in the tax code is so highly guarded, it is often referred to as the “770 Club”.

Normally, you don’t get access to this “club” or find out about it unless you have the very best wealth planner and enough money to associate with elites that know the secret.

Today, more people are finding out about Tax-Free Wealth Transfer. If you have annuities, IRAs, regular life insurance, stocks, bonds, and other investments, they can all be transferred into a tax free haven in a matter of moments.

We will give you all the information you need, as well as provide you with a list of the best and most stable insurance companies. Don’t wait another minute to protect your assets from estate taxes and secure them for future generations in the bargain.

– Phil Wasserman

“The 10 Most Common Mistakes People Make With Their Money…” By: Alan Haft (Part Four)

common-money-mistakes Alan HaftPhil Wassermans partner, Alan Haft, reveals his fourth most common mistake people make with their money. Alan Haft has written many educational books and articles to help retirees navigate through the confusing world of retirement.

Mistake Four:  “Too Much Tax!”

“Have you ever had the paranormal experience of holding a mutual fund that went down in value, only to discover that you somehow wound up owing taxes on it? As strange as it sounds, it could happen. How and why it happens is beyond the scope of this preview, but the bottom line is sad but true — when investing in a managed mutual fund, you have virtually no control of the taxes you pay while holding the fund.

If someone is interested in reducing tax, one of the first things they should ask themselves is whether or not they are investing in managed mutual funds outside an IRA. Investing in managed funds outside an IRA could result in taxable consequences that are beyond your control. As a result, paying taxes each year on a fund only reduces your return and that’s certainly not an efficient way to invest.

How much tax does your fund cause? Your tax return should give you a good idea as to how much tax you’re paying on your funds. Another way of checking out the taxable consequences of holding a fund(s) is to investigate something called “turnover” and is a good place to research this.

“Turnover” simply means “the amount of times a year the fund manager replaces the portfolio with a different set of stocks.” If the fund manager changes the portfolio once a year, that’s a 100% turnover. If the fund manager changes the portfolio two times a year, that’s a 200% turnover, if the manager changes
half the portfolio that’s a 50% turnover, etc., etc.. Each time the fund manager “turns over” a portfolio, that usually leads to one
thing: paying tax, and in some cases, too much tax.

Certainly, there are some funds out there that are more tax efficient than others, but as far as I’m concerned, the simplest way to reduce taxes on managed mutual funds is to invest in the indexes instead.

Remember: an index is a “passive” investment. There is no one trading stocks within the index and given there are typically few trades (if any) done within the index, there is often zero “turnover” that would cause taxable events from taking place. Investing in the indexes often puts you in control of when you pay the tax, not a fund manager out there making those decisions for you.”

By Alan Haft 

Diversifying Your Portfolio

Phil Wasserman, Sarasota FL.

“In uncertain times, you need to diversify a portfolio to protect your capital, and capture the upside of markets. When you diversify you look toward uncorrelated or lesser correlated items. Diversification allows you to spread your money into different stable economies around the world. Diversification is what helps to protect you and your money for the future. The “Rainbow Strategy” allows for you to never have to guess or worry about global growth. A Rainbow Strategy spreads capital between different markets around the world. Talk with your financial planner about how advantageous this strategy is to your portfolio.”

The Top Ten Retirement Planning Tips

  1. Have money in your savings.
  2. Save on fees.
  3. Save on taxes.
  4. Be realistic about life expectancy.
  5. Use annuities for guaranteed income.
  6. Don’t listen to what neighbors, friends or relatives say about money.
  7. You don’t need 2-3 homes. Ever hear of a hotel?
  8. Question your doctor and get a second opinion.
  9. Enjoy your money. After all, you cant take it with you.
  10. Don’t believe everything you read. Everyone has an agenda. 

Accelerated Benefits for Annuities

Today it is common for annuities to allow for accelerated benefits to pay for the following:

  • Home Health Care Rider
    •  If you require Home Health Care Services by a licensed Home Health Care provider as a result of being impaired in performing two out of six activities of daily living.
  • Nursing Home Benefit Rider
    •  If you are confined to a licensed nursing home for more than 60 days, and your confinement begins at least one year after the annuity’s effective date.
  • Terminal Illness Benefit Rider
    •  If a licensed physician certifies that you have been diagnosed with an illness or condition that causes your life expectancy to be less than one year.

These powerful benefits are usually included at no cost, although not all annuities have them.


“The 10 Most Common Mistakes People Make With Their Money…” By: Alan Haft (Part Three)

common-money-mistakes Alan Haft

“The 10 Most Common Mistakes People Make with Their Money,” written by Phil Wasserman’s partner, Alan Haft. In this section we are going to show you the third mistake people make with their money.

 Mistake Number Three; “Using the Wrong Gas.”

Let’s go back to my very simplistic “diversified”
portfolio outlined in Mistake #2:
1. US Stocks: 20%,
2. International Stocks: 20%,
3. Technology: 20%,
4. Real Estate: 20%,
5. Flavors of the Day: 20%.
If the above portfolio met the investor’s requirements for diversification, the next logical step would be to select “something” to represent each sector within the portfolio. The “something” I’m referring to basically comes down to one of three possible choices:

1. Rocket fuel: Individual stocks,
2. Watered-down fuel: Managed Mutual Funds
3. Diesel Fuel: Stock indexes

By Alan Haft