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Finance

Broad Array of Roles for Disability Coverage

By John F. Nichols MSM, CLU Summary: Most people agree that protecting personal income with disability insurance is important however they have never thought about the role disability insurance can play with key employees, loans, divorces and more. In the world of disability insurance, most financial advisers think of personal income protection. This is only the beginning of the possibilities ...

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Effective Business Succession Planning

By Edward J. Waldron, In conjunction with Lincoln Financial Advisors Business owners invest significant amounts of time and financial resources to make their enterprises successful. Quite often, due to the quick pace of day-to-day operations, planning for succession of ownership is relegated to a low-priority task. But there comes a point in the lifecycle of any business when the owner ...

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Discovering the Las Vegas Medical District

The Las Vegas Medical District is evolving as one of Southern Nevada’s most important healthcare and economic development projects. By Faiss Foley Warren Public Relations Established by the Las Vegas City Council in 1997 to physically bring together a variety of medical services and providers near and around UMC (University Medical Center), the Las Vegas Medical District (LVMD) was created ...

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Captive Insurance Companies: Recent Law Change

A captive insurance company is created to insure the risks of a specific business. Even though a business can transfer risk to an insurance carrier, exclusions in conventional insurance contracts often force business owners to absorb the hefty costs of a claim.  Fortunately, owning a captive can minimize or even eliminate these exclusions. To create a captive, an individual typically ...

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Three Financial Scenarios (and Solutions) for Saving for Things Other than Your Retirement

By David Lockey Thought about making a practice shift toward something less stressful, but also less lucrative? What about taking an early or partial retirement? Ever wanted a second home, yacht or other expensive toy? Are you saving the right way for your children’s education? You’ve received plenty of advice about saving and investing for retirement, but there are other ...

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Medical Tourism: A Global Impact

Medical Tourism is defined as people crossing international borders for the purpose of receiving medical care. Traditionally people have moved to markets with greater expertise than available in their domestic markets, others by a desire to pay a lower price for care. Most sources reference prices in US dollars and site our country as having the highest relative prices. CDC.gov ...

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The Next Evolution of Long-Term Care Protection

As a faculty member of Massachusetts Continuing Legal Education (MCLE), I was recently asked to speak to a large group of attorneys about the ‘evolution’ of long-term care insurance. Clearly, since the emergence of the ‘modern’ mutual fund in the wake of the Revenue Act of 1978, few financial products have undergone such drastic change in such a short period ...

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Demystifying the Private Pooled Income Fund

Understanding and using privatepooled income funds for retirement In our roles as tax, legal and financial advisors, we have encountered many clients who can be fairly classified as ‘reluctant’ charitable donors. To clarify, we frequently remind them that, when it comes to their ‘gross’ income and their consequent income tax obligation, there are only three choices: (1) Pay yourself; (2) ...

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Tick Tock… and the Tax Trap

Almost 20 years ago, as a newly-minted prosecuting attorney in the district attorney’s office, I attended an educational workshop on effective witness cross-examination. The presenter was a 50-something year old, very accomplished litigation attorney from a major Boston law firm. In addition to the covering the fundamentals (such as: never ask a question to which you don’t know the answer), ...

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Cashflow Investing Done Right

Special Feature: The Physician’s Financial Health Series (As Published in the Southwest Edition 2015 Q1) By Ivan Oberon: Coast 2 Coast Investing Solutions/Bloomberg Radio There appears to be so many different types of investments these days and I believe that when determining what to invest your hard earned money into, everyone should consider those investments secured by real estate. An ...

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