Copyright 2003
Go Navy!
Copyright 2003 ASSET ACCUMULATION, PROTECTION, PRESERVATION, and TRANSFER, LLC Registered Investment Advisory Firm John A. Cory, Member Securities offered through Resource Horizons Group, LLC, Member FINRA/SIPC
Copyright 2003 FEE versus COMMISSION Resource Horizons Group, LLC commission FINRA, SIPC APT fee SEC ADV COMPENSATION
Copyright 2003 RETIREMENT PLANNING DO YOU HAVE YOUR ACT TOGETHER?
Copyright 2003 RETIREMENT PLANNING DO YOU HAVE YOUR ACT TOGETHER? Financial Business Investments Estate
Copyright Have you identified your financial goals and ascertained your risk level with respect to your investments?
Copyright Are your investments realizing the return your risk level warrants? What is your effective overall annual cost? $
Copyright Have you utilized an Investment Policy Statement to translate you risk/return expectations to actual investments? INVESTMENT POLICY STATEMENT
Copyright Do you understand that asset allocation provides 91.5% of you return, security selection 4.6%, and market timing 1.7%? Source: Brinson
Copyright % Asset Allocation 4.6% Security Selection 1.7% Market Timing
Copyright Should you utilize a money manager or mutual funds?
Copyright Should you diversify into international funds, and utilize index funds or Exchange Traded Funds?
Copyright Should you consider investing in an income tax deferred fixed or variable annuity and perhaps improve potential Medicaid eligibility? FA or VA?
Copyright Should you consider investing in an Equity Index Annuity with guarantees not to lose money? FA or EIA?
Copyright Should you consider the combined insurance and investment features of a variable life insurance policy, which if you meet the seven pay test, may result in income tax free loan distributions?
Copyright Should you combine the estate tax liquidity features of survivorship life with the investment performance of variable life with a joint second to die flexible premium life insurance policy?
Copyright Should you address remarriage issues and include qualified terminable interest provisions in your Will?
Copyright Have you arranged your estate so that you would be fully utilizing the $1,500,000 unified credit (in 2005) against estate taxes?
Copyright $3.5M 2002 $1M 2004 $1.5M 2006 $2M Unified Credit
Copyright Does the ownership of your assets facilitate this?
Copyright Should you consider a revocable living trust and avoid probate? Will Being of sound mind … I give, devise and bequeath….
Copyright Whom should be your Executor and Trustee?
Copyright Whom should be the Guardian of your minor children?
Copyright Is a substantial portion of your estate in qualified retirement plan or IRA assets and, if so, should you pass those assets utilizing a trust to take advantage of the unified credit? IRA, 401(K), TSA, Pension, Profit Sharing
Copyright Have you considered naming your grandchildren as beneficiaries of your qualified plans and IRA's to "stretch-out" distributions and achieve considerable income tax deferral? ……………..IRA……….…….
Copyright Are you taking advantage of the $11,000 per done annual gift tax exclusion?
Copyright Should you consider gifting the $1,000,000 gift tax exclusion amount to your children? $1M
Copyright Are you taking advantage of the $1,000,000 grandchildren exemption to the generation skipping estate tax? $1M
Copyright Should your residence be part of your unified credit trust (or personal residence trust)?
Copyright Is your estate liquid enough to pay all estate tax in cash on the ninth month anniversary of your death?
Copyright Should the insurance on your life be placed in an irrevocable trust to avoid estate taxation of the proceeds?
Copyright Should you consider a special needs trust for your mentally incapacitated spouse or handicapped child?
Copyright Will your financial institutions honor your power of attorney for business affairs? AGENT?
Copyright Have you executed a “durable” power of attorney for health care and/or living will?
Copyright Should you put all of your stock certificates in street name for administrative simplicity?
Copyright Should assets be transferred to the older spouse’s name, to obtain a step up in income tax basis upon death?
Copyright Should you consider an Incentive Trust for your grandchildren?
Copyright Should you consider a Section 529 college savings plan or Coverdale educational IRA for your children or grandchildren?
Copyright If charitably inclined, should you consider naming a charity as the beneficiary of your qualified retirement plans and IRA's, or a charitable remainder trust?
Copyright Should you consider tax qualified Long Term Health Care insurance (in addition to your disability policy) for nursing home, assisted living, and home health care?
Copyright Do you have an executed buy-sell agreement for your business?
Copyright Have you evaluated whether your business should be restructured as a limited liability company or family limited partnership in the context of malpractice liability, creditor or asset protection and valuation discounts? Structure? benefits, taxes, cost…
Copyright Are you conducting at least annual shareholder and director meetings for your corporation and are there written minutes?
Copyright What are you doing with our life’s resources, gifts, talents, opportunities, and abilities?
Copyright 2003 Go Dawgs!!!