Uncommon Solutions

Uncommon Solutions

By SchechterBusinessInvesting
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Uncommon Solutions episodes

  • How High-Income Earners Can Proactively Navigate Biden's Tax Proposal
    President Joe Biden has proposed increasing the highest marginal long-term capital gains tax rate from 20.0% to 39.6%. For those earning $1 million or more annually, the new top rate, along with the net investment income tax, means that federal capital gains tax rates for wealthy investors could exceed 40%. With the proposed increase in capital gains rates, asset location becomes even more critical, and earners subject to the highest rates have likely maximized many of the tax-advantaged account options available. However, for certain qualified investors, there may be an alternative in the form of Private Placement Life Insurance and annuity contracts.
    25 min
  • Unpacking Section 7702: What it Means for You & Your Clients
    We take a comprehensive look at the amendment to the Internal Revenue Code’s Section 7702. The change, enacted as part of the Consolidated Appropriations Act, 2021 (H.R. 133), redefines how policies qualify as life insurance contracts under the tax code. It also spells out how much cash can accumulate inside a policy without being taxed. We walk you through what to expect and how to navigate this change for your clients.
    30 min
  • The Death of LIBOR & What It Means for Financed Life Insurance
    For over 40 years, the London Inter-Bank Offered Rate (LIBOR) has served as the globally accepted key benchmark interest rate that indicates borrowing costs between banks. However now, amid a flurry of scandal and manipulation, LIBOR will soon be put to bed. In this episode, we explore its potential successors and what effect this change will have on the life insurance premium financing industry.
    12 min
  • Why Policy Review is 2021's Best Conversation Starter
    A new year means new conversations. So when was the last time you talked to your client about the life insurance policy collecting dust in their portfolio? In this episode, we explain the importance of life insurance portfolio review – for you and your client – and why it should be your first call in 2021.
    20 min
  • The "Jim Harbaugh" Strategy for Retaining Key Business Executives
    There's a lot of Xs and Os in structuring life insurance. In this episode, we talk about its use as a deferred compensation option. Split-dollar life insurance is a trend many top universities are using to retain high-caliber coaches, such as Jim Harbaugh. But its usefulness extends past the coaching ranks. We explain why what's good for Jim, might be good for other key executives.
    11 min
  • Introducing Uncommon Solutions
    On Uncommon Solutions, we explore the intersection of creativity and financial services. The podcast is produced by Schechter, a boutique, third generation, financial services firm in Birmingham, MI.
    3 min

About Uncommon Solutions

From the publisher's feed

Uncommon Solutions, presented by Schechter, provides a unique perspective on an assortment of advanced financial topics for high-net-worth clients and advisors.