Phases of Wealth Management
- About
- Phases of Wealth Management
Phase 1:
Education
- A: Understanding your worth
- B: How to realize the difference between internal and external rate of return
- C: Saving vs Investing vs "Gambling"
- D: Three Buckets of Taxation
- E: Utilizing the power of time and compounding
Phase 3:
Increase and Preserve Wealth
- A: Frequently evaluate plan
- B: Monitor, and mitigate risk
- C: Create an Extended Health Care Plan
- D: Adjust strategies as needed
Phase 2:
Design and build your wealth plan
- A: Where am I now, where do I want to go?
- B: Identify your wealth potential
- C: Tax-Efficiency Analysis
- D: Asset Diversification
- E: Create Investment Policy
- F: Take Action
Phase 4:
Distribution, Estate and Legacy Planning
- A: Ensure your Standard of Living is properly funded for life
- B: Focus on Estate Tax Strategies to mitigate loss after death
- C: Unify team of advisors
- D: Make sure all necessary documents are in place
- E: Oversee a seamless transfer of assets
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