When selecting a wealth management seminar, you should look for smaller size classes containing 25 people or less. Topics should include estate planning, financial planning, retirement plans for small businesses and the self-employed, savings and investing for retirement, understanding your 401(k) and employer fiduciary responsibility. Investing in times of trouble and economic market outlook are among other topics that should be covered.
One strategy recently discussed in a wealth management seminar I attended was using the equity in your primary residence as an investment vehicle and asset protection play, however, it is a risky proposition.
Here are the details, you take out a low interest mortgage on your home, you then you invest the proceeds in investments that are protected from creditors. This achieves a few things, first, this keeps creditors from viewing the house as an easy target for legal judgments personally as the home has very little equity due to the mortgage.
And secondly, lets assume you were able to acquire a mortgage at 6% interest. If your investments return 9%, you are ahead 3%. But dont make the mistake of taking out an...
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