Investment
Basics
Basics
Owning this type of security represents fractional ownership in a corporation, giving you a claim on its assets and earnings.
Stock
Around 25% of working adults will go through this event that lasts at least 6 months.
Disability
This strategy involves transferring funds from a traditional IRA into a Roth account, paying income taxes on that amount now in exchange for tax-free growth and withdrawals later.
Roth conversion
Name 3 things life insurance can help replace or cover should someone pass away.
Income, college, mortgage, funeral expenses, nanny, taxes
Also the name of the UC Berkeley Cal Mascot, this is Lia's Bernedoodle
Oski
This security functions as a loan made by an investor to a borrower, such as a corporation or government, which pays periodic interest.
Bond
Around 70% of adults 65 and older will need this kind of assistance.
Long Term Care assistance
This practice involves selling investments at a loss to offset capital gains tax liabilities from profitable investments.
Tax-loss harvesting
As a business owner, getting life insurance on your top employees is known as this.
Key person insurance
Matt has named all of his animals after foods. Pistachio and Mozzarella the cats. His dog is named after this Japanese dessert.
Mochi
This investment vehicle pools money from many investors to buy a basket of securities, but its shares are priced only once per day after the market closes.
Mutual fund
This kind of life insurance lasts for a set period of years, typically 10-30 years.
Term life insurance
This comprehensive process evaluates an individual's current and future financial state to build a step-by-step roadmap for goals like retirement, education, and estate management.
Financial planning
Not all disability insurance is the same. Some disability insurance will stop paying if you can still do any job. Other disability insurance will continue to pay as long as you can’t do your job. This type of DI is known as what.
Own occupation
Despite having visited over 50 countries, this Scandinavian country where Lia recently spent a week in a campervan with her family was one she had never been to.
Norway
This security is also considered a basket of assets but it usually tracks an index and trades on a public stock exchange throughout the trading day like a regular stock.
ETF (Exchange-Traded Fund)
This kind of life insurance is permanent and grows from interest and dividends from the insurance company.
Whole life insurance
Often summarized as "not putting all your eggs in one basket," this technique spreads investments across various asset classes to minimize total portfolio risk.
Diversification
When parents want control from the grave, they will name this ….. as the beneficiary for their life insurance.
Trust
Matt had a handlebar mustache similar to this famous Oakland A’s pitcher.
Rollie fingers
If you want a customized basket of securities, you would buy individual securities through this type of investment, which also allow for distinct tax strategies.
SMA (Separately Managed Account)
This is how life insurance proceeds are taxed.
Tax free
Distinct from asset allocation, this strategy optimizes tax efficiency by strategically placing specific investments into taxable, tax-deferred, or tax-exempt accounts.
Asset location
For married couples with more than $30 million in assets, they will create this as a form of tax strategy using life insurance.
ILIT (Irrevocable Life Insurance Trust)
Due to their close collaboration with clients, Lia and Matt have often referred to themselves as this Dynamic Duo in past presentations.
Sherlock and Watson