by Ronald J Adkisson
|
| List Price: | $14.95 |
| Amazon Price: | $13.45 & eligible for FREE Super Saver Shipping on orders over $25. |
| You Save: | $1.50 (10%) |
| Average Rating: |  |
| Lowest New Price: | $8.99 |
| Availablitiy: | Usually ships in 24 hours |
|
 |
|
Product Description
Accounts receivable financing is one of today's hottest marketed business strategies. It involves borrowing against your receivables on an interest-only basis and then investing the proceeds in a tax-deferred annuity or life insurance product. The first goal is to successfully arbitrage the simple interest you pay on the loan against the compounded growth within the annuity or life insurance product to increase your retirement funding. The second goal is to remove the value of the accounts receivable away from the reach of business creditors and place it into an asset protected environment. But are these goals really met? Yes or No, depending on how the program is structured. Not all accounts receivable financing programs are alike and, as you may find out too late, nobody looks out for your interests in these transactions. Financing Accounts Receivable for Retirement and Asset Protection presents a candid look at the subject, including the mechanics of such programs, economic underpinnings, asset protection and tax issues. An overview of the types of annuities and life insurance products used in accounts receivable financing is included, plus information on alternative programs, factoring and finding the right program for you.
Customers who bought this item also bought
Average Customer Review:
2 of 2 people found the following review helpful:
 Review of "Financing Accounts Receivable", 2007-01-10
The book promises a bit more than it delivers. The author clearly articulates explanations of different insurance products. However the author indicates early on that he will divulge which accounts receivable financing programs are good ones but he nevers names any of them. I am an insurance broker and I have been approached by several organizations representing these programs. I was hoping that the author would discuss specifics such as which programs will not work or which programs include poor performing insurance or annuity products. Instead he writes in numerous places that professional guidance is required and that his brother is an attorney who specializes in analyzing these programs.
7 of 10 people found the following review helpful:
 Extremely Candid Book on A/R Financing, 2005-09-23
Having read and enjoyed Jay Adkisson's book on asset protection, I took a chance on the book of his father even though I can't say that I had any particular interest in accounts receivable financing. I was not disappointed, though it should be pointed out in advance that the topic matter is obviously much drier and this book is more in the way of a technical explanation of how these programs work and often don't work. This is a much smaller book, but then again how much can one write on a program of this nature.
The book gets right to the down-and-dirty of what A/R financing is, and why people would or would not consider it for their business. There is a good description of the economics of the programs, which then surprisingly concludes that many existing A/R financing programs make no sense because the cost of borrowing will exceed the expected returns. There is a description of the numerous faults of programs as they relate to asset protection: For this alone, the book is a must-read. (I'm sure that Jay contributed quite a bit through here and it shows). There is also a discussion of various tax issues, which concludes something along the lines of "don't believe the promises of the promoters".
Much of the rest of the book is a very general summary of annuity and life insurance products that are used in A/R financing, which appears to be included for those who don't know much about annuities or life insurance. I simply glanced over it and doubt that I missed much. Professional insurance agents certainly will not get anything out of that part of the book, but it probably is helpful to somebody like a doctor who doesn't know whole life from UL.
I would guess that if you were considering an A/R financing program for your business, this book would be greatly helpful, but it certainly is nothing like a business book of general reading nor does it hold itself out a being one.
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
|
Store Categories
|