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Hubert Bromma, Founder and CEO of The Entrust Group

Hubert Bromma, Founder and CEO of The Entrust Group

Hubert Bromma is a well-recognized pioneer in the field of alternative investments in tax-free and tax-deferred environments. Since 1967, Mr. Bromma has had a long and distinguished career in banking, financial institution consulting, mergers and acquisitions, and real estate investing. In 1981, Mr. Bromma developed the first truly "Self-Directed IRA" for a number of banks. In 1993, he consolidated a banking and pension management practice that he had owned since 1981 into Entrust, and began to build what is now the only national network of local branded offices providing account administration and education services for self-directed retirement plans. Mr. Bromma has written numerous articles and several books, including "How to Invest in Real Estate and Pay Little or No Taxes," "Do Your Own Qualified Retirement Plan," and "How to Invest in Offshore Real Estate and Pay Little or No Taxes." He has also been a frequent guest on CNBC, Bloomberg, MarketWatch, and other financial media programs, and conducts presentations on self-directed investing throughout the year. In addition, he is a member of the board of directors of several businesses and philanthropic organizations.
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Author's Posts

Presidential Candidates Agree on Americans Not Saving Enough to Retire

Hubert Bromma, Founder and CEO of The Entrust Group

Estimated reading time: 3 minutes

Those of you who’ve hung in there with me through this six-part analysis of presidential campaign politics and retirement saving know that we’ve already set the stage with my first post in the series What the 2016 Presidential Candidates Have to Say about Retirement, we also looked at the demographics that will drive retirement over the next decade with  7 Ways Retirement Demographics Have Changed in 80 Years. In addition, we examined the candidates’ views on privatizing Social Security with the article, A Rare Topic of Agreement Among the 2016 Presidential Candidates, and their positions on expanding and paying for social security with Social Security Funding and Eligibility. We also compared the three candidates’ positions to the established Democratic and Republican party positions with Positions on Retirement Security: Democratic vs. Republican.

Topics: Current Events and News
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Positions on Retirement Security: Democratic vs. Republican

Hubert Bromma, Founder and CEO of The Entrust Group

Estimated reading time: 4 minutes 

Ideally, the positions of the candidates on retirement policy should mirror the platform of their party.  In this unusual election year however, there are some disconnects. As mentioned in my first post: What the 2016 Presidential Candidates Have to Say about Retirement, the candidates’ parties may not necessarily reflect what the public thinks the party is: The Republican Party’s putative candidate, Donald Trump, may not reflect the current party’s policies or platform, nor may Bernie Sanders or Hillary Clinton, those of the Democratic Party.

Topics: Current Events and News, Financial, Plan Resources
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Election 2016: Funding and Eligibility for Social Security

Hubert Bromma, Founder and CEO of The Entrust Group

Estimated reading time: 5 minutes and 45 seconds

Social Security is the primary safety net which contributes 41% of the average retirees income.  The other 58% comes from retirement plans, and other savings.   Studies show that less people are eligible for benefits, and will be using them as earnings beyond age 67 for their future years. Although it is estimated that the self funding program of social security will have a lack of funding by 2032, the previous practice, of over 80 years, indicates that changing the funding percentages and borrowing could stabilize the funds beyond 2032. Just to give you an idea, Trump wants to specifically sequester the funds.  Sanders proposes a major tax  overhaul to fund future contributions and thus payouts.  Clinton’s proposal tends to “kick the can down the road”. Let's take a look at where the presidental canditates stand on this issue:

Topics: Current Events and News, Financial
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Privatizing Social Security: A Rare Topic of Agreement Among the 2016 Presidential Candidates

Hubert Bromma, Founder and CEO of The Entrust Group

Estimated reading time: 3 minutes

So far, I’ve set the political and demographic context for a discussion of the presidential candidates’ positions on retirement savings for Americans. This post will present a few of those positions. The most important positions address what is generally accepted to be the bedrock for retirements: Social Security.

Topics: Current Events and News, Financial
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7 Ways Retirement Demographics Have Changed in 80 Years

Hubert Bromma, Founder and CEO of The Entrust Group

Estimated reading time: 3 minutes 30 seconds

Any discussion of the candidates’ positions on retirement must be prefaced by a synopsis of how the U.S. population and public laws and policies related to retirement have changed. There are two key dates: 1935, the year Social Security (as we call it today) was enacted into law. Then in 1974 the Employee Retirement Income Security Act (ERISA) came into being.

Topics: Basics of Self-Directed IRAs, Plan Resources, Current Events and News, Financial
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