Profile cover photo
Profile photo
Robert B. Ritter Jr.
65 followers -
I help financial service professionals identify, understand, and capitalize on planning opportunities that exist or arise due to market conditions or tax law.
I help financial service professionals identify, understand, and capitalize on planning opportunities that exist or arise due to market conditions or tax law.

65 followers
About
Robert B.'s posts

Post is pinned.Post has attachment
Blog #142: Increased Taxes Are Coming

http://www.robert-b-ritter-jr.com/2016/08/30/blog-142-increased-taxes-are-coming/

Ron Grove, an attorney friend practicing in San Francisco, is very concerned that Washington will severely increase taxes to cover the monstrous, hyper-growth of the current federal deficit of 19+ trillion? He brought the following Letter to the Editor to my attention that appeared in the August 12, 2016, edition of The Wall Street Journal:
My quick internet search revealed that the total of the U.S. federal debt, plus the unfunded liabilities (Social Security, Medicare, etc.) is on the order of $120 trillion. A second search showed that the total net worth of the entire 300 million-plus U.S. population is only about $75 trillion.
You can imagine my surprise (and shock) when I realized that even if the federal government took every dime from every U.S. citizen—rich, poor and in-between—it still wouldn’t have enough money to pay everything it owes. This gave me an entirely new perspective on our country’s current financial situation.
Photo

Post has attachment
Blog #162: Creative Financial Presentations

http://www.robert-b-ritter-jr.com/2017/05/22/blog-162-creative-financial-presentations/

The basic life insurance illustration has lately become a compliance document. I saw one recently with 52 pages, some of which were close to incomprehensible. Part of the problem is that the basic illustration must serve too many masters: legal, actuarial, sales, and, often excluded, artistic. Fortunately, InsMark’s supplemental illustrations deal only with sales and artistic.

Photo

Post has attachment
Blog #161: Self-Financed Life Insurance Meets Wealthy and Wise® (Part 2 of 2)
http://www.robert-b-ritter-jr.com/2017/05/08/blog-161-self-financed-life-insurance-meets-wealthy-and-wise-part-2-of-2/

In Part 1 of this series (Blog #159), we presented a Case Study in which Tom and Donna Anthony, ages 55 and 50, loan money to an intentionally defective irrevocable trust (IDIT) for the purpose of acquiring a survivor life insurance policy insuring their lives. The IDIT is a grantor trust formed on behalf of their children. The funding strategy is Loan-Based Private Split Dollar (LB-PSD), one of the modules in the InsMark Loan-Based Split Dollar System.
Photo

Post has attachment
Blog #160: The Benefits Of Collaboration

http://www.robert-b-ritter-jr.com/2017/04/27/blog-160-the-benefits-of-collaboration/

As you may know by now, we have recently launched a new program called the InsMark Advanced Consulting Group or “ACG”. The basic idea with ACG is to connect life producers who are experts in certain niche markets with other producers for joint business.

Photo

Post has attachment
Blog #159: Self-Financed Life Insurance Meets Wealthy and Wise® (Part 1 of 2)

http://www.robert-b-ritter-jr.com/2017/04/19/blog-159-self-financed-life-insurance-meets-wealthy-and-wise-part-1-of-2/

Good as bank-funded premium financing is, self-funded premium financing is often a sound alternative, particularly where there are sufficient liquid assets to support the premium loans needed. In Blog #126, we examined a client with net worth of $13,600,000, all but $4,000,000 of which was tied up in rapidly appreciating real estate. A considerable amount of trust-owned life insurance was needed. The premiums illustrated ($1,937,112 a year for five years) were substantial enough that the client was uncomfortable using liquid assets to fund them. It was a perfect case for bank-funded premium financing.
Photo

Post has attachment
Blog #158: Integrating Executive Benefit Plans with Retirement Planning

http://www.robert-b-ritter-jr.com/2017/04/03/blog-158-integrating-executive-benefit-plans-with-retirement-planning/

Participating policy loans on max-funded Indexed universal life (“IUL”) policies can provide serious supplements to retirement cash flow (see Blog #58). The same can be said for executive benefits funded with IUL. A life insurance illustration needs to be intelligently integrated within an overall retirement plan in order to communicate its use effectively. It is not enough to have a comprehensive retirement plan where the life insurance illustration is shown separately and disconnected. Nor is it enough to just show the life insurance illustration and say, “Look at this great retirement cash flow. Isn’t this a wonderful addition to your retirement?”

Photo

Post has attachment
Blog #157: Another Good News / Bad News Benefit Plan™ (Part 2 of 2) -
http://www.robert-b-ritter-jr.com/2017/03/17/blog-157-another-good-news-bad-news-benefit-plan-part-2-of-2/

Blog #157 will stress-test Loan-Based Split Dollar (LB-SD) as an alternative to the Controlled Executive Bonus Plan described in Blog #156.
Photo

Post has attachment
Blog #156: Good News / Bad News Executive Benefit Plan™ (Part 1 of 2) -

http://www.robert-b-ritter-jr.com/2017/03/06/blog-156-good-news-bad-news-executive-bonus-plan/

In Blog #154, we examined the use of a personally-owned Indexed Universal Life (“IUL”) policy as an alternative to a deferred Profit Sharing Plan (“PSP”) for Jennifer Hunt, president of Midland Oil Supply, Inc., an S corporation family business. Jennifer is in a 40% income tax bracket counting the pass-through of the company’s taxable income.
Photo

Post has attachment
Blog #155: Marketing Magnification (Using Online Video)

http://www.robert-b-ritter-jr.com/2017/02/28/blog-155-marketing-magnification-using-online-video/

There are a couple things happening in the world of marketing that virtually every business needs to understand. Online Video is the new king. It’s the king of advertising . . . now reaching more customers every day than TV, radio and print media.
Photo

Post has attachment
Blog #154: Smart Alternatives to Traditional Retirement Plans (Part 4 of 5)

http://www.robert-b-ritter-jr.com/2017/02/21/blog-154-smart-alternatives-to-traditional-retirement-plans-part-4-of-5/

Jennifer Hunt, age 40, is President and sole shareholder of Midland Oil Supply, Inc., a successful S corporation with 50 employees. She is in a 40% income tax bracket. Her adviser has suggested she consider installing a Profit Sharing Plan (“PSP”).
Photo
Wait while more posts are being loaded