Four Points of Wealth

POINTS OR TRANSISTIONS 

      Although most people and certainly Wall Street concentrate and obsess about building assets, it is only one of the four points to truly managing your wealth. 

      As you go through life you begin by building your wealth.  Then attention is paid to protecting what are building or have built. 

      Much later in life the thinking turns to transferring your wealth to family members upon your demise.  This point is often not addressed for that very reason of having to think about our own mortality. 

      The most overlooked point, distributing is usually only considered when a person turns 70 ½ and the IRS says you must start taking required minimum distributions from IRA’s and other retirement plans. 

THE PERFECT STORM 

      We know from the academic world and our day to day work in the trenches with people just like you, it is too frustrating to try to beat the stock market.  It is a suckers bet.  One that costs you tons in terms of expenses and transaction costs. 

      However, even assuming that you have learned, and you can, how to get market returns to continue building your wealth, while reducing fees and expenses, the game changes without you being told or realizing. 

      The perfect storm comes as you are no longer investing new money in your accounts BUT because of the magic age of 70 ½ you actually have to start selling stock market investments to take your IRS mandated distributions. 

COACHING IS THE KEY 

      Without a coach most people never come to realize that the perfect storm they are caught up into could actually cause their assets to be depleted quite substantially if they are forced to sell stock market investments in a declining market.   

      What we have learned through years and years of research and much trial and error is that the best strategy for most people to adopt during this point of distributions is to always make sure they are always spending their monies or taking their distributions from a guaranteed source.   

      The rest of the assets can be managed the way that we teach through a philosophy of earning market returns on any monies that are not needed during the short term. 

      The advantages to this approach are to cover both short terms and long term needs, earmarking accounts to fund those needs, keeping taxes as low as possible, and still benefiting from the long term uptrend that the stock market provides without the worry of the day to day fluctuations. 

IN A NUTSHELL MAKING SURE YOU DON’T OUTLIVE YOUR MONEY 

It all begins with the Investor Inventory.

Why not get started now.  Call 410-766-0900.