想搞个免费的financial planning 讲座

[Peterwch]

[QUOTE=temptemp]QUOTE]
When insurance product is not only deal with insurance, the product could be very tricky and complicate. I am really not familliar with it, but I believe there are two things you can not avoid: TAX and Death.

I read the book you mentioned before, it's as good as Money 101, Money 201, which give you a roughly idea about personal finanical planing.
(yes, it is simple, there are also some good tips to follow easily. for example, how to deduct the interest of you mortgage.)
If you want to know more about tax, I recommend Tax Planning for you and your family 2005, publish by KPMG. It give you more detail, but unfortuanatly, not much info about insurance.
(thanks! will check out. I am also reading this book, with many doable tips,e.g. how to decrease the withholding tax from your paycheck.
The tax freedom zone : pay less tax than ever before /
by Cestnick, Timothy J., 1966- Viking Canada, 2002.
)

For the third point you mention, non-residencial tax is 25%, not Zero.[/
(in the book you also read, it do read 0 tax for non-residencial insurance policy, but 25% for RSP withdraw. but that book was published in 96'. are you sure your info updated?)

[Peterwch]

作者: beibeifu

我读完你的文字很是喜欢，因为它已经脱离了讲座本身，更多是关于人生的感悟。其实归其我办讲座的根源，我也不避讳寻找客户的初衷。但我更喜欢脱离这些我以为略显功利的行为本身，去谈我入这行的原因，因为我酷爱投资，我渴望成为通晓全局的投资家。所以我放弃我原来的专业，放弃小富即安的生活，在这里完成蜕变。干自己想干的事是我以为的最大幸福，当然它的背后就是一些现实的困顿。其实讲座也罢、投资也罢、职业的取舍也罢，无不是人生的选择，都会有对错，都会有阶段性的成败，关键要看有没有一颗智慧而坦荡的心。在这个陌生的西方世界里，我唯一想做的是结识志同道合的朋友，利用我们不同领域的知识一同去探究，实现真正意义上的成功。我不知道这种理想主义的梦想何时会被现实生活所粉碎，但至少目前我还愿意、还能够、还有勇气走下去，希望国人也是如此。

送君十字，与君共勉。

少时不言怕，老时不言悔。

good boy, you will success, I can image.

[vivien_wj]

作者: beibeifu

我读完你的文字很是喜欢，因为它已经脱离了讲座本身，更多是关于人生的感悟。其实归其我办讲座的根源，我也不避讳寻找客户的初衷。但我更喜欢脱离这些我以为略显功利的行为本身，去谈我入这行的原因，因为我酷爱投资，我渴望成为通晓全局的投资家。所以我放弃我原来的专业，放弃小富即安的生活，在这里完成蜕变。干自己想干的事是我以为的最大幸福，当然它的背后就是一些现实的困顿。其实讲座也罢、投资也罢、职业的取舍也罢，无不是人生的选择，都会有对错，都会有阶段性的成败，关键要看有没有一颗智慧而坦荡的心。在这个陌生的西方世界里，我唯一想做的是结识志同道合的朋友，利用我们不同领域的知识一同去探究，实现真正意义上的成功。我不知道这种理想主义的梦想何时会被现实生活所粉碎，但至少目前我还愿意、还能够、还有勇气走下去，希望国人也是如此。

送君十字，与君共勉。

少时不言怕，老时不言悔。

谢谢你的赞赏。其实，写下这些文字，一来是有感而发，二来也是出于自勉。有些时候，我们的确是需要一些自励的文字的。能够结识一些有思想，有野心的朋友，也是我所期望的。无论你做任何事，在不同的人眼中总会有不同的评价，但不论怎样，能够坚持做自己想做的事，实现自己的理想和愿望，这样才不枉此生。既然决定了，那么就继续坚持下去吧。
希望你能够如你所愿。

[temptemp]

[QUOTE=Peterwch]

作者: temptemp

QUOTE]
When insurance product is not only deal with insurance, the product could be very tricky and complicate. I am really not familliar with it, but I believe there are two things you can not avoid: TAX and Death.

I read the book you mentioned before, it's as good as Money 101, Money 201, which give you a roughly idea about personal finanical planing.
(yes, it is simple, there are also some good tips to follow easily. for example, how to deduct the interest of you mortgage.)
If you want to know more about tax, I recommend Tax Planning for you and your family 2005, publish by KPMG. It give you more detail, but unfortuanatly, not much info about insurance.
(thanks! will check out. I am also reading this book, with many doable tips,e.g. how to decrease the withholding tax from your paycheck.
The tax freedom zone : pay less tax than ever before /
by Cestnick, Timothy J., 1966- Viking Canada, 2002.
)

For the third point you mention, non-residencial tax is 25%, not Zero.[/
(in the book you also read, it do read 0 tax for non-residencial insurance policy, but 25% for RSP withdraw. but that book was published in 96'. are you sure your info updated?)

(in the book you also read, it do read 0 tax for non-residencial insurance policy, but 25% for RSP withdraw. but that book was published in 96'. are you sure your info updated?)
Rather to confirm it with me, why not just ask your insurance broker, see what's the answer and how to implement. Don't hesitate to share with me, will appreciate that.

[Peterwch]

作者: vivien_wj

谢谢你的赞赏。其实，写下这些文字，一来是有感而发，二来也是出于自勉。有些时候，我们的确是需要一些自励的文字的。能够结识一些有思想，有野心的朋友，也是我所期望的。无论你做任何事，在不同的人眼中总会有不同的评价，但不论怎样，能够坚持做自己想做的事，实现自己的理想和愿望，这样才不枉此生。既然决定了，那么就继续坚持下去吧。
希望你能够如你所愿。

VIVIEN， 你听了很多SEMINAR，知不知如何从UNIVERSAL LIFE INSURANCE 中拿钱啊？多谢！愿献CAFE一杯，请教。

[Peterwch]

作者: temptemp

(in the book you also read, it do read 0 tax for non-residencial insurance policy, but 25% for RSP withdraw. but that book was published in 96'. are you sure your info updated?)
Rather to confirm it with me, why not just ask your insurance broker, see what's the answer and how to implement. Don't hesitate to share with me, will appreciate that.

if the brokers I met can answer this clear to me , I already bought UL policy, won't ask question here.
some of them even know less than me.

[vivien_wj]

作者: Peterwch

VIVIEN， 你听了很多SEMINAR，知不知如何从UNIVERSAL LIFE

coffee倒是免了，不过尽我所知道的吧。
看你是从哪家公司买的产品，一般他们的软件里都包含相应的表格。也许会收些罚金或管理费。当然这就意味着以后当你真正要CLAIM的时候，你所获得的保额中要扣除WITHDRAW 的钱。

[temptemp]

作者: Peterwch

if the brokers I met can answer this clear to me , I already bought UL policy, won't ask question here.
some of them even know less than me.

Just notice the green point you gave me, thanks for that, haha

If they don't know the answer, that's ok, but if they don't even bother to find out the answer for client, that's a problem.

My understanding is, if unfortunatly, the insured dead or disable, the beneficiary or insured got insurance compensation which is tax free. If you just take out your funds for personal use, you still need to pay tax for the preceeds.

For segregate fund or garuntee investment fund, there's one more benefit, your principal is garuntee and you can reset the fund value which you can realize the gain and make it safe.

Anyway, find a broker who provide you service.

[vivien_wj]

insurer 通常是指保险公司
insured 指的是受保人。
上贴中含义不明。

[temptemp]

作者: vivien_wj

insurer 通常是指保险公司
insured 指的是受保人。
上贴中含义不明。

Opps, you are right, already make the correction. Thanks.

Anyone got confuse of my post, pls ref to this post.

[Peterwch]

作者: Peterwch

VIVIEN， 你听了很多SEMINAR，知不知如何从UNIVERSAL LIFE INSURANCE 中拿钱啊？多谢！愿献CAFE一杯，请教。

I have some idea about this, how the policy loan work.
for example, I have an UL policy, paid off , and I am 65 now.
insurance face amount 300K,
investment value 300K,i.e. if I die immediately, the beneficary get face amount+ investment value =300K+300K=600K.
fortunately, I live well, I take a loan about 300K for daily living expense from bank with this policy. bank is the 1st-class beneficary, and give me some part of 300K monthly until 85, meanwhile bank counts me interest, but no need pay right now. when I die before or at 85, the insurance company pay out 600K, bank will take 300K investment value for their premium capital, and deduct the accumulated interest from face amount, the balance pass to other beneficary. that's why they say this method save you tax.

I will call AIG to verify this later.

[Peterwch]

last Friday, I called Mxxxlife, XXG life, TrXXXXXlife for the UL policy loan . here's their answers.
for example, my policy face amount 200K, investment value 200K, total death benefit 400K. surender value =investment value 200K.
I can take a loan , up to 85% of investment value.
and the interest of 2005 is 10%, much more than the NO. I guessed 4%. you don't pay any interest until you pass away.
when you go to heaven or....,
the bank or credit union who lend money to you is the 1st beneficiary. they take 400K death benefit first, deduct the loan capital, and interest, give the balance to your families. if you borrowed the money for over 10 years, I guess almost nothing left due to the extrme high interest 10%.

so I don't think UL is a good option for normal people 's retirement.

anyone else has comments??

[zhongbang]

作者: beibeifu

想搞个免费的financial planning 讲座，我可以当主讲人，就是不知道这里搞这东西有什么讲究，和什么机构或社团联系，哪位可以支招？

您的讲座到底什么时候办呢？我支持您！

[beibeifu]

作者: zhongbang

您的讲座到底什么时候办呢？我支持您！

你是开会计事务所的？或许我们可以合作。

[temptemp]

作者: Peterwch

last Friday, I called Mxxxlife, XXG life, TrXXXXXlife for the UL policy loan . here's their answers.
for example, my policy face amount 200K, investment value 200K, total death benefit 400K. surender value =investment value 200K.
I can take a loan , up to 85% of investment value.
and the interest of 2005 is 10%, much more than the NO. I guessed 4%. you don't pay any interest until you pass away.
when you go to heaven or....,
the bank or credit union who lend money to you is the 1st beneficiary. they take 400K death benefit first, deduct the loan capital, and interest, give the balance to your families. if you borrowed the money for over 10 years, I guess almost nothing left due to the extrme high interest 10%.

so I don't think UL is a good option for normal people 's retirement.

anyone else has comments??

It's interesting, I always thought it's the insurance company who lent you the money, if it was borrowed from the Bank, how the insurance company know what's the interest would be?

Is the 10% interest fixed? or variable? Fyi... Prime rate right now is 4.25% which you can get it by secure either your real state or securities. Consider all the processing fees, tax benefit and the money currnet value, I think Prime ~ Prime+4 is reasonable. Since the current rate is historical low level, so I don't know how you expect the rate for that age.

Just share my opion, not going to buy it though.

[Peterwch]

作者: temptemp

.temp

see my words in blue after yours.
It's interesting, I always thought it's the insurance company who lent you the money, if it was borrowed from the Bank, how the insurance company know what's the interest would be?
(sorry for confusion. you can borrow money from either bank,credit union or insurance company.)
Is the 10% interest fixed? or variable?
(it is variable, 10% is just for 2005. it seems their formula is prime + 5.5%)
Fyi... Prime rate right now is 4.25% which you can get it by secure either your real state or securities. Consider all the processing fees, tax benefit and the money currnet value, I think Prime ~ Prime+4 is reasonable. Since the current rate is historical low level, so I don't know how you expect the rate for that age.

Just share my opion, not going to buy it though

这么多天了，不知BEIBEIFU 问到答案了吗？

[风铃]

这个讲座什么时候开始呀？有兴趣

[beibeifu]

作者: 风铃

这个讲座什么时候开始呀？有兴趣

因为下个礼拜长周末，考虑很多朋友会出去搞活动，所以打算打算放在本月的最后一个周末，请各位留意我的贴子，我会提前一个多星期公布出来。