7.21.2010
7.15.2010
$328 Million in Savings
George Steinbrenner, billionaire and long term owner of the New York Yankees, left this world with a great sense of timing. Steinbrenner passed away last week, leaving his heirs possibly hundreds of millions more. Since he died in 2010, his heirs do not have to pay an estate tax on his estate, estimated to be worth $1.1 Billion.
According to an article on MSNBC:
"Forbes magazine has estimated Steinbrenner's estate at $1.1 billion. The federal estate tax in 2009 was 45 percent, with the $3.5 million per-person exemption. If he had died last year, his estate could thus have faced federal taxes of almost $500 million, depending on how the estate was structured.
That doesn't mean his heirs permanently escape all taxes related to his assets. They will still have to ultimately pay a capital gains tax if and when assets are sold. And due to a change in tax law this year, the tax would be applied to the amount by which the assets have appreciated since Steinbrenner acquired them."
Click here for the complete article: http://www.msnbc.msn.com/id/38232917/ns/business-personal_finance/
This article is a great reminder to talk to your clients about estate planning and how you can help them. Call or email anytime I can help further.
Stay Focused.
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
According to an article on MSNBC:
"Forbes magazine has estimated Steinbrenner's estate at $1.1 billion. The federal estate tax in 2009 was 45 percent, with the $3.5 million per-person exemption. If he had died last year, his estate could thus have faced federal taxes of almost $500 million, depending on how the estate was structured.
That doesn't mean his heirs permanently escape all taxes related to his assets. They will still have to ultimately pay a capital gains tax if and when assets are sold. And due to a change in tax law this year, the tax would be applied to the amount by which the assets have appreciated since Steinbrenner acquired them."
Click here for the complete article: http://www.msnbc.msn.com/id/38232917/ns/business-personal_finance/
This article is a great reminder to talk to your clients about estate planning and how you can help them. Call or email anytime I can help further.
Stay Focused.
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
7.13.2010
Fannie Mae & Freddie Mac - Delisted from NYSE
Fannie Mae and Freddie Mac delisted from stock exchange
Below are some good conversations points to have with your clients that think the economy is turning around. Indicators may show them otherwise, including Freddie Mac and its sister company Fannie Mae have continued to rack up losses. US home loan giants Fannie Mae and Freddie Mac are to cease trading on the New York Stock Exchange (NYSE). The state-sponsored lenders were ordered to leave the exchange by the Federal Housing Finance Agency (FHFA).
They have both continued to suffer heavy losses in the aftermath of the financial crisis. Their share prices have slumped to the NYSE's minimum level of $1 a share - requiring them to try to boost their stock, or delist. The FHFA said the decision to exit the exchange did not "constitute any reflection on [Fannie Mae and Freddie Mac's] current performance or future direction".
FHFA's acting director Edward DeMarco added that delisting the shares "makes sense and fits with the goal... to preserve and conserve assets".
Below are some good conversations points to have with your clients that think the economy is turning around. Indicators may show them otherwise, including Freddie Mac and its sister company Fannie Mae have continued to rack up losses. US home loan giants Fannie Mae and Freddie Mac are to cease trading on the New York Stock Exchange (NYSE). The state-sponsored lenders were ordered to leave the exchange by the Federal Housing Finance Agency (FHFA).
They have both continued to suffer heavy losses in the aftermath of the financial crisis. Their share prices have slumped to the NYSE's minimum level of $1 a share - requiring them to try to boost their stock, or delist. The FHFA said the decision to exit the exchange did not "constitute any reflection on [Fannie Mae and Freddie Mac's] current performance or future direction".
FHFA's acting director Edward DeMarco added that delisting the shares "makes sense and fits with the goal... to preserve and conserve assets".
The two lenders, which provide mortgage finance to other lenders, were placed under government control in September 2008 after being severely hurt by the collapse in the mortgage market. Both have continued to make heavy losses, however, so far costing US taxpayers $145bn in bail-out costs.
Stay Focused.
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
6.29.2010
How to Throw A 4th of July Party ~ With a Twist
Are you ready to throw a 4th of July party your clients, friends and family won't soon forget? Horsesmouth.com is a fantastic website for financial advisors, giving unique ideas for improving your practice. In an article posted on the website last week, an idea for a great 4th of July party for your clients was shared.
The key part of client appreciation events is to make them memorable experiences for your clients. With that being said, think about this opening sentence from the article: "The U.S. Constitution is the foundational text of our great country and its amazing, self-renewing American Dream. It's the bible to our civil religion…The operating rules for the successful operation of the longest-running Democracy in history… Yet, I believe you'd be hard-pressed to find a copy of it in very many homes in this country. It's the most important, largely invisible document in America!"
Now onto how to use this fact at your upcoming 4th of July party... From horsesmouth.com, naturally, your party will mostly be like all other Fourth of July parties: cookout, drinks, fun and games if kids are around, sports events like horseshoes, badminton, softball, Frisbee; and fireworks. But you might want to take a few moments to call everyone together and ask them to participate in a short, patriotic moment. After all, the reason everyone is there is because we're celebrating the birth of the nation.
Here are some ideas of what might come next: Make a short speech, thank everyone for coming and tell them you wanted to take just a minute to ask everyone to reflect on the meaning of the Fourth of July. Contact me today for a few examples of what this speech may sound like. Once done with the speech, thank them for coming and offer direct them to a table where they can receive a copy of the U.S. Constitution.
Remember on this 4th of July what the celebration is all about. Take time to remember the fact with your family, your friends and your clients. And enjoy the holiday - you definitely deserve it.
Stay Focused.
MJN
Empowering the Country’s Best Advisors to Become Better.
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
6.18.2010
Forget Stocks, Buy and Hold Annuities Instead
In an article posted on the website for Boomer Market Advisor, Kerry Pechter (an industry expert) gives his take on annuities after attending the Retirement Income Industry Association’s spring conference.
Most of the speakers had similar undertones about getting out of the market and older retirees needing fixed assets. Below is the most poweful part of the article:
"In the conference’s featured presentation, finance professor and retirement income expert Moshe Milevsky argued that advisors shouldn’t encourage people who are mortality risk-averse—that is, scared of living to age 95 and running out of money along the way—to invest in stocks. “Risk is risk,” he argued, and people who are risk-averse to mortality will be equally risk-averse to equities.
Such clients should use immediate annuities or, alternately, deferred income annuities (aka “longevity insurance”) to lengthen the lives of their portfolios, Milevsky said. They should buy equities only with money they can afford to lose.
The conference’s overall message, which happens to be RIIA’s theme, is that retirees should buy a “floor” of risk-free income-producing assets before considering equities. After Wall Street’s recent madness, that makes sense."
For a complete copy of the article, contact me today. Thank you for the tremendous beginning to 2010 and putting June on pace for another record month for Advisors Excel, your firm and your clients.
Stay Focused.
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
Most of the speakers had similar undertones about getting out of the market and older retirees needing fixed assets. Below is the most poweful part of the article:
"In the conference’s featured presentation, finance professor and retirement income expert Moshe Milevsky argued that advisors shouldn’t encourage people who are mortality risk-averse—that is, scared of living to age 95 and running out of money along the way—to invest in stocks. “Risk is risk,” he argued, and people who are risk-averse to mortality will be equally risk-averse to equities.
Such clients should use immediate annuities or, alternately, deferred income annuities (aka “longevity insurance”) to lengthen the lives of their portfolios, Milevsky said. They should buy equities only with money they can afford to lose.
The conference’s overall message, which happens to be RIIA’s theme, is that retirees should buy a “floor” of risk-free income-producing assets before considering equities. After Wall Street’s recent madness, that makes sense."
For a complete copy of the article, contact me today. Thank you for the tremendous beginning to 2010 and putting June on pace for another record month for Advisors Excel, your firm and your clients.
Stay Focused.
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
6.09.2010
$9 Billion and No Taxes
An interesting article from NBC.com came across my desk today. The 74th richest person in the world passed away earlier this year, and since he died in just the right year, his beneficiaries will collect their inheritance tax free.
Because of a lapse in the Estate Tax laws for 2010, Dan L. Duncan's estate valued at over $9 billion will pass on to his children and grandchildren free of estate tax. This means his beneficiaries will received billions more than they would have any other year.
This article is a great reminder to talk to your clients about estate planning and how you can help them.
Read the complete article here: http://www.msnbc.msn.com/id/37588278/ns/business-personal_finance//
Stay Focused.
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
Because of a lapse in the Estate Tax laws for 2010, Dan L. Duncan's estate valued at over $9 billion will pass on to his children and grandchildren free of estate tax. This means his beneficiaries will received billions more than they would have any other year.
This article is a great reminder to talk to your clients about estate planning and how you can help them.
Read the complete article here: http://www.msnbc.msn.com/id/37588278/ns/business-personal_finance//
Stay Focused.
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
6.04.2010
25 Questions ~ Is the Economic Recovery Real?
Welcome to the summer! Now is the time where top producers separate themselves from the pack…
A top producer I consult recently shared the enclosed article “25 Questions to Ask Anyone Who is Delusional Enough to Believe This Economic Recovery is Real”. My advisor is using these questions as new seminar PowerPoint slides and as appointment talking points to generate business. I feel this is information you can generate business from also.
The article covers how many in popular media portray the American economy as recovering. Yet, the hard facts and economic indicators tell a different story. These 25 key questions are for clients who believe the media, and hopefully it can open their eyes to reality and how you can help.
Read the complete article here: http://www.businessinsider.com/questions-to-ask-anyone-who-is-delusional-enough-to-believe-that-this-economic-recovery-is-real-2010-5#is-richard-russel-wrong-22#ixzz0pbcEsVCW
I look forward to talking with you soon to have a successful 2nd half of 2010!
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
A top producer I consult recently shared the enclosed article “25 Questions to Ask Anyone Who is Delusional Enough to Believe This Economic Recovery is Real”. My advisor is using these questions as new seminar PowerPoint slides and as appointment talking points to generate business. I feel this is information you can generate business from also.
The article covers how many in popular media portray the American economy as recovering. Yet, the hard facts and economic indicators tell a different story. These 25 key questions are for clients who believe the media, and hopefully it can open their eyes to reality and how you can help.
Read the complete article here: http://www.businessinsider.com/questions-to-ask-anyone-who-is-delusional-enough-to-believe-that-this-economic-recovery-is-real-2010-5#is-richard-russel-wrong-22#ixzz0pbcEsVCW
I look forward to talking with you soon to have a successful 2nd half of 2010!
MJN
Empowering the Country’s Best Advisors to Become Better.
Click Here for More on "The Advisor's Advisor"
1300 SW Arrowhead Dr, Ste 200 ::: Topeka, KS ::: 66612
866.363.9595 ::: matt.neuman@advisorsexcel.com
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