Planning for the appropriate use of equity in real estate
There is an old philosophy inherited from the days our parents or grandparents lived through the depression of the 1930’s, that an ultimate financial goal should be to be mortgage free. Due to laws, that have since changed, exiting at the time of the depression, many an American homeowner lost that home to the mean old banks of the time.
Most large fortunes built on real estate have used leverage to achieve their holdings. Book after book has been written to show how dormant equity earns zero return, and in fact, can place the owner in greater risk than those with substantial leverage. Marian Snow, writer of best seller, Stop Sitting on Your Assets, as well as Douglas Andrew, writer of Missed Fortune, Missed Fortune 101, and Last Chance Millionaire, devoted these four books to make the case. There are others as well.
We will be adding more material to this segment as time permits, but if you are intrigued by the above, and want to know more, call or email Mike.
Individual Services
- Financial Planning
- Exit strategies from IRA, 401k's & other qualified plans
- Planning for the appropriate use of equity in real estate
- Strategies for the term reduction of your mortgage without increase in your present payment schedule (reduce the years by 1/2 to 2/3rds)
- Premium financing of life insurance
- Life settlements: we broker the sale of unneeded or unwanted policies
- Life insurance you actually WANT to buy versus the typical sold due to a particular NEED
- Strategy for the "tax free" withdrawals from retirement plans
- Outstanding alternatives to bank CD's
- Mutual Funds, Variable Annuities, Variable Universal Life Insurance
- Proprietary Formulaic Investment Funds
- Alternative Investment opportunities
- Long Term Care and Disability Insurance
- Pension & Retirement Planning
- Estate Planning & Probate Avoidance Strategies
