Sign In

Daniel A. Hochler

Managing Associate at Forest Hills Financial Group

Daniel A. Hochler

Daniel A. Hochler is a Managing Associate at Forest Hills Financial Group (FHFG), a full-service financial planning firm based in New York City and Melville, Long Island.123456 He has been a Financial Representative with Guardian Life since 2013, working out of the New York City office of FHFG.13

Hochler's primary focus is being a resource to his clients for both their professional and personal needs. He understands that going above and beyond to meet the needs and desires of his clients is crucial to building a referral-only practice.1 Keeping high-trust, long-standing relationships with his clients, attorneys, accountants, and property & casualty brokers is based on trust and integrity.1

Always enterprising, Hochler's business career started at age 12 when he developed his own consignment eBay business involving sports cards and memorabilia.1 He graduated from Hofstra University with a B.A. in Psychology.1

Hochler is actively involved as Vice President of BNI Chapter 47 – The Founders Club; as an Active Board Member of Transitional Services New York, a Non-Profit Mental Health Organization; Active Member of The Young Professionals of Gotham City Networking; and a member of The Friars Club, a Fraternal Organization made up in a large part of celebrities, entertainers and comedians.1 In his spare time, he enjoys collecting and trading sports cards and memorabilia, playing poker and going to rock concerts.1

Highlights

Aug 27 · linkedin

As a high net worth individual preparing for the potential sunset of estate tax provisions, consider the following strategies:

  1. Review and Update Your Estate Plan: Work with an estate planning attorney to review your current estate plan. Ensure it aligns with potential changes in estate tax laws and your long-term goals.

  2. Utilize the Current Estate Tax Exemption: If the exemption amount is currently high (as under recent laws), you might consider using this opportunity to gift assets to heirs or establish trusts that can take advantage of the higher exemption before it potentially decreases.

  3. Establish Trusts: Consider setting up irrevocable trusts, such as a Grantor Retained Annuity Trust (GRAT) or an Irrevocable Life Insurance Trust (ILIT), to transfer assets outside your estate while taking advantage of current tax benefits.

  4. Make Annual Exclusions and Gifts: Maximize annual gift exclusions and other gifting strategies to reduce your taxable estate over time.

  5. Consider Charitable Giving: Charitable donations can reduce the size of your estate while supporting causes you care about. Explore charitable remainder trusts or donor-advised funds.

  6. Evaluate Life Insurance: If your estate might be subject to taxes in the future, having a life insurance policy that covers the potential tax liability can be a strategic move.

  7. Stay Informed and Flexible: Monitor legislative developments and consult with your financial and legal advisors to adapt your strategy as needed based on changes in the law.

Proactively addressing these areas can help you manage potential estate tax impacts and ensure your estate plan is effective regardless of future changes.

#HNW #EstatePlanning #TaxLaw #TaxPlanning #EstateAttotney #Gifting #LifeInsurance

Aug 25 · linkedin

Obtaining inexpensive convertible term life insurance now can be advantageous for several reasons. You may also be able to obtain up to $3,000,000 of coverage with no medical exam. So why now?

Affordability: Term life insurance is generally more affordable than permanent life insurance, allowing you to get coverage at a lower cost while you're young and healthy.

Conversion Option: Convertible term life insurance includes a feature that allows you to convert your term policy to a permanent policy without needing to provide evidence of insurability. This can be valuable if your health changes or if you want lifelong coverage in the future.

Financial Flexibility: Locking in a lower premium now can be beneficial if you anticipate that premiums might increase as you age. Conversion options provide flexibility to adjust your coverage as your financial situation or needs change.

Peace of Mind: It provides coverage for your beneficiaries in the event of your death during the term, giving you peace of mind knowing they would receive financial support.

Overall, this type of insurance offers both immediate cost benefits and future flexibility.

#lifeinsurance #termlife #financialplanning

Related Questions

What specific financial strategies does Daniel Hochler offer to millennials?
How did Daniel Hochler's early business ventures influence his career in finance?
What are Daniel Hochler's roles in BNI Chapter 47 and Transitional Services New York?
How does Daniel Hochler balance his professional and personal life?
What inspired Daniel Hochler to transition into financial services?
Daniel A. Hochler
Daniel A. Hochler, photo 1
Daniel A. Hochler, photo 2
Add to my network

Location

New York City Metropolitan Area