As a new year and decade begin, the election in 2020, negative interest rates, aging demographics, and the growth of passive investing will likely have the biggest impacts on the financial markets going forward: The Election For the past 40+ years, we have lived in a world where business has become more global while politics…
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Fiduciary Income Tax Basics – January 2020
Income tax plays a critical role in day-to-day investing, yet for many the concepts can get disorganized. What are the key issues that drive fiduciary income taxation, and how can we best tackle the concepts for optimal results? First, we need to start with some basics.
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Charitably Inclined: Donor Advised Funds – December 2019
Since 1931, donor-advised fund (DAFs) have been offered by local community foundations and more recently have become available through numerous broker-sponsored charitable gift funds. They are something akin a marriage between a private foundation and a mutual fund. Generally, a DAF is a separately identified fund or account that is maintained and operated by…
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How You Can Benefit from Deferred Compensation Plans – November 2019
Why Deferred Compensation Plans? Sheltering your income can prove a beneficial task. Many employers offer creative, cutting-edge benefit programs to attract potential employees. It’s important to know what the different plans are and how a trusted advisor’s guidance can help you determine what works best for your financial situation. While deferred compensation plans…
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Powers of Attorney – October 2019
A power of attorney is an incredibly powerful instrument that all people, regardless of wealth or status, need to consider. Powers of attorney generally fall into two types: healthcare and financial. A power of attorney for healthcare, also called a living will in some instances, directs what medical treatment and life-sustaining measures are to be…..
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Do You Still Need An Irrevocable Life Insurance Trust? – September, 2019
You may have established an irrevocable life insurance trust (ILIT) as an integral part of your estate plan. An ILIT is a trust that is constructed to primarily hold a life insurance policy (or policies) on the grantor during the grantor’s lifetime. As the name indicates, an ILIT generally cannot be revoked, amended or modified…
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Ted Furniss – Leader of Inlet Private Wealth
As recently published by Gulfstream Media, Chief Investment Officer Ted Furniss is an independent thinker who enjoys the intellectual stimulation of analyzing investments. His firm, Inlet Private Wealth, differentiates itself from the rest by customizing the investments it manages for clients to meet specific financial objectives. The company caters primarily to those with $5 million…
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The Importance of Post-Mortem Planning – August 2019
Post-mortem planning is a concept derived from the inability of estate planners to predict the future. Given how quickly tax laws and circumstances can change, it is unlikely that a planner will be able to anticipate every variable that an executor or trustee will face after your death.
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LIBOR Pains – July 2019
The London Inter-Bank Offer Rate (LIBOR) currently underpins approximately $400 trillion of mortgages, bonds, corporate loans and derivatives globally. To help put this number in perspective, the World Bank estimates the annual value of global economic activity, or GDP, at $80 trillion which is “only” one-fifth of this amount. LIBOR is set by a group…
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2018 was a great year for the U.S. economy as unemployment fell to a 50 year low of 3.7%, gross domestic product grew more than 3% and with an assist from a reduction in the tax rate, corporate earnings grew about 22%.
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The first three months for Inlet Private Wealth are now in the books and what a quarter it has been! We are incredibly grateful to our clients and the professional community for their support which has contributed to our assets under management growing to nearly a quarter of a billion dollars and a robust pipeline…
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