The Financial Strategies and Solutions You can't afford to miss out on
Recently as my business travels took me to Belize, Switzerland and Panama I realized two things.
One, I really need to brush up on my German and Spanish, and two - language aside - a staggering amount of people worldwide are risking losing their money by not looking after their foundations of income.
My company Advisor Ink's mission is to increase clients' overall net worth with tax, investment and real estate strategies both in the US and internationally.
By working carefully to best preserve their wealth we help out clients to sleep soundly at night safe in the knowledge that they'll have a guaranteed income for life.
During my years as president of Advisor Ink, my team and I have identified five areas of planning where financial needs and goals need to be focused helping clients globally to boost their bucks (or euros or yuan).
Everyone will be exposed to market and tax risk in personal, estate, business, real estate, succession and real estate planning and to put it simply – when you snooze you lose.
But having your own Wealth Team to keep abreast of the constantly changing financial environment and to concentrate on your unique situation will help to protect your current estate and a financial future for the generations to come.
For success in today's financial world, I believe you need a simple approach concentrating on three key areas: preserving your wealth, protecting your assets and saving on taxes. So here's my guide to setting foot on the road to all-encompassing financial security:
Preserving your wealth
If you have found a Wealth Advisor you trust and whose aim it is for you to have an income for the rest of your life, you're on the right path for a worry-free retirement.
That advisor should be helping you to secure your existing savings, your income and the investments you desire both in your home country and internationally.
Or if this sounds like an asset you need to add to your arsenal then Advisor Ink is here to help with a free consultation: [WEBSITE/EMAIL/NUMBER?]
Protecting your assets
We all have different needs for protecting our assets with multiple entities and goals for the future. And planning what happens after your death is every bit as important as what happens while you are alive.
The goods news is that there are many new innovative ways to protect your estate from the financial burden of home health care and nursing home costs without jeopardizing your money longevity and lifestyle. Then there are the methods of protecting your accumulated wealth from estate taxes. Simple strategies can be put in place to protect your wealth for many generations.
Saving on Taxes
The key to saving on taxes is having an advisor that communicates with the CPA. At Advisor Ink we implement strategies to save on income taxes each year depending on a client's taxable income and overall profits from businesses. As a result we have several clients taking advantage of onetime oil and gas tax deductions to offset gains from investment property and Roth conversions this year.
Still not convinced you need a wealth advisor? Well here's a success story…
At Advisor Ink we are proud of our success stories and recently our efforts to perfect the ultimate financial plan for an $11 million net worth client solved several market and tax risks.
It transpired that a large trust company, brokerage firm and small CPA firm were not communicating, causing my client to be unaware of current estate gifting rules that could their estate up to $5.2 million.
In more good news for our happy customer we were able to reveal that their true net worth was $5 million more than they thought.
To conclude, in this fast-paced, ever-changing financial world it is all about running, not walking, with this type of planning. With no time to lose, you can't afford to stagnate and having your own Wealth Team on hand to simplify the process and ensure the best long-term financial strategies and solutions will reap dividends.
Isn't it time you preserved your wealth, protected your assets and saved on taxes? If so, we look forward to helping you soon!
About the Author
Roger A. Rekate, CPA is an Investment Advisor Representative based in Missouri, USA. He has over eighteen years experience in the insurance and annuity industry and holds a Bachelor's degree in Accounting from Missouri State University.
Mr. Rekate has been recognized in several areas over the years including a special recognition from Entaire Global for his service to small business owners - presented by Buzz Aldrin, the first astronaut on the moon. He has also been interviewed by the Wall Street Journal representing the Entaire Global group of companies.
Roger and his wife Theresa have been blessed with a daughter together and a total of five children and two grandchildren. Roger enjoys sports, hunting and riding his tractor on the farm.
