Financial institutions are changing from being 0transaction specialists0 to becoming 0relationship managers0 0 experts and counsellors in an expanded set of complex areas such as tax and retirement, general planning, and estate planning. High net-worth clients and the mass-affluent market are migrating to firms that can articulate and deliver world-class advice and guidance. The fact is that there is more money flowing today than there ever has been at any time before. High net worth individuals are awash with wisdom in investment opportunities, and thus, they are becoming richer by the day.
Where is the high net worth individual investing? One of the popular investment targets is “offshore”. What does this mean? It simply means investing in a country which is other than the one in which you reside. What are the motivations behind investing offshore? Countries with low taxes (or, better still, no taxes) are the most frequently targeted zones for foreigners, for both personal or corporate investments. The investments made are in stocks, bonds and securities, and real estate ownership. Legal and taxation laws are often unique for foreign investors, whether investing as an individual or as a business.
Following the stock market crash that occurred in […]
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The open enrollment period when you can sign up for a Medicare supplement insurance policy (also known as a Medigap policy) lasts for only six months after you turn 65. If you forget to enroll during this time period, the insurance company may refuse to cover you, based on your pre-existing health conditions. They may also be able to charge you more for the insurance.Medigap Plans were set up to help you pay some of the expenses that are not covered by Medicare. These policies are sold by private insurance companies and are intended to supplement the Original Medicare Plan coverage. If you are in the Original Medicare Plan and you have a Medigap policy, then both your Medicare and your Medigap will pay their share of your covered health care expenses.The benefits to having a Medigap policy include: Reduced out-of-pocket costs, Freedom to choose your own doctors, hospitals, and other health care providers, and Coverage for Medicare’s deductibles and co-payments.If you are interested in purchasing a Medigap policy, the best time to do it is during your Medigap open enrollment period. Your open enrollment period lasts for six months and begins on the first day of the month in which you […]
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