The Iceberg

See why 90% of people are giving from the wrong assets.

The clearest way to understand the iceberg opportunity is to build out a spreadsheet of your assets.

Name the asset and include columns for:

What is it
When it was bought
Is it still doing what you bought it for? Like the “family recreation property” that really isn’t being used much
Your cost basis (after all depreciation and depletion)
Present profit
Is there a loan on it
What are the terms for the loan, interest rate, amortization, assumable, ballon
Is all of the profit long term (held for at least a full year)
How much do you enjoy owning it
Would you still be able to live well without the use of this asset
Would you like to convert the equity to a tax advantaged income stream
Is this a complex asset that my surviving spouse could and would be able to effectively keep up with
Expected future appreciation
Might it be “too much of your assets”
How is it titled? I.E.individually partnership, retirement asset, trust.
Will this asset get a step up in basis upon your passing. Presently, personally held assets like real estate, businesses and a stocks do. Annuities and IRAs do not.
Is it presently exempt from creditors.
Are there any underlying unique death benefit or income features that might be included specifically in annuities with death benefit or income riders.

Then, what you’re looking for are assets with the highest long-term gain and assets you’re not keen about holding for a long period of time.