Category: Asset Protection
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Canada Overseas Retirement Plan and Hong Kong Pension Law
A specific type of Hong Kong pension law framework, when structured compliantly, can produce a cross-border financial structure that is government regulated, registered and recognized to reduce the cost of tax for cross-border investment into and out of Canada. A Hong Kong ORSO is after tax contribution with the idea that withdrawals after age 55…
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The Netherlands is world’s biggest conduit to offshore tax havens
[box]The Netherlands is the biggest conduit to offshore tax havens in the world, with almost a quarter of fiscal constructions having a Dutch link, according to researchers at a specialist unit at the University of Amsterdam.[/box] ‘Only five big countries act as conduit-OFCs,’ the researchers from Corpnet said in a new report. ‘Together these five…
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Hong Kong ORSO Schemes for Overseas Retirement
[box]ORS402(b) compliant registered ORSO scheme is an exempt, non-reporting Financial Institutions for CRS reporting purposes under Part 2 of Schedule 17C to the Inland Revenue Ordinance (IRO). When the Hong Kong ORSO schemes is not exempt from CRS/FATCA reporting it is not recognized internationally for deferral of income.[/box] Knowing the differences in Hong Kong ORSO…
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Hong Kong ORS and CRS (Common Reporting Standard)
The Hong Kong ORS is not exempt from CRS/FATCA reporting; which means the ORS is not recognized internationally for deferral of income. ORS402(b) is an exempt from CRS and FATCA reporting exempt beneficiary financial account. WE provide the whitepapers to explain the difference between a Hong Kong ORS and our private label ORS402(b). Overseas Financial…
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402(b) Foreign Financial Account
Governments around the world know more than ever before about the activities of Foreign Financial Account holders that maintain undisclosed accounts and the financial institutions where those accounts are maintained. [box type=”alert” size=”large” style=”rounded” border=”full”]Governments now have unprecedented access and insight into the hidden world relating to the maintenance of offshore accounts.[/box] Much like Foreign…
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How To Set Yourself Up for Early Retirement
A lot of people want to retire. Early retirement is a fun goal in life, as it gives a chance for us to contribute to social life more than those who are working full time. Sadly, it is often hard to save enough money to retire comfortably. Social Security payments give out enough for a…
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Experts Prove Most Financial Advisors Aren’t Giving the Best Retirement Advice
[box]William Reichenstein and William Meyer, founders of Retiree Income, share their research on where financial advisors go wrong with their retirement advice.[/box] LEAWOOD, Kan., April 27, 2017 /PRNewswire/ — In their article “How to Beat the Conventional Wisdom: Part 1” published in Financial Advisor Magazine, retirement planning experts William Reichenstein, PhD, Principal, Retiree Income, and William…
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Trust Builders Expands Online Retirement Readiness Solutions for Financial Advisors
DALLAS, Ore., April 20, 2017 /PRNewswire/ — Trust Builders, Inc. is announcing the release of the Maximum Allowable Contribution (MAC) module for the TRAK-Online retirement readiness portal. The MAC module allows advisors to calculate the maximum annual contribution to a 403(b) account and a 457 account, including the 402(g)(7) limit and double-up options. “Helping advisors…
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The Walking Dead – Using Private Placement Variable Deferred Annuity Contracts to Enhance the Investment Return in Life Settlement Contracts
I have always been a film fan. Growing up in the Panama Canal Zone, one of my Mother’s jobs for the Panama Canal Company was serving as the manager of the Balboa Theater. We used to watch initial screenings of movies together on the Big Screen as a private viewing while eating lunch from the…