Mission Financial Planning helps clients plan ahead, so their heirs avoid the overwhelming and frustrating circumstances of inheriting an unorganized estate.
Services include recommending features and strategies to be included in estate plan documents as well as compiling necessary papers and contact information for various accounts and the professionals that you work with.
It's been a little while since we visited the topic of alternative investments. In the last piece, published in January, we tried to wrap our arms around what the term 'alternative' really means. Today we're going to look at how alternatives are actually used. While the focus is on the asset side of the equation (as opposed to the strategy side), this snapshot can give you an idea of how real world investors position alternatives in their portfolios.
One thing I wanted to point out is that there are some alternatives that can not or should not be used in certain parts of your portfolio. For example, collectibles are generally an outright no-no in your IRA. Also, while limited partnerships are allowed, they are fraught with peril in IRAs due to a tax term called Unrelated Business Taxable Income (UBTI), which could subject the IRA to current taxation.
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