Protect
- Mitigate accumulation risk through appropriate insurance planning.
- Maintain healthy cash reserves and emergency funds.
Optimize
- 80/20 Rule: Live on no more than 80% while strategically savings a least 20%.
- Prioritize systematic, habitual savings.
- Take advantage of all “free” money: Matching, Employee Stock Purchase Plan discounts, RSUs, etc.
- Audit the three stages of taxation: accumulation, distribution, and transfer (legacy). Utilize tax-favored tools where available.
- Evaluate paying off debt other than mortgage (cars, student loans, etc.)
Accumulate
- Construct portfolios to align with desired outcomes: Time in vs Timing the market. Asset Allocation and Asset Location:
- What to own vs Where to own.
- Focusing on after-tax outcomes.
Distribute
- Growing money and spending money are like night and day.
- Planning for the distribution phase require analysis of: Tax Bracket Management, Time-weighted asset allocation, Social Security and RMD education planning. Planning for the 5 risks of Retirement
Legacy
- Our happiest clients live for a purpose bigger than themselves.
- Be deliberate about who and where your money goes to.
- You cannot take it with you. It goes to family, charity, lawyers or the Uncle Sam.
- Tax efficient transfer of wealth.
Financial Representatives do not render tax advice. Consult with a tax professional for tax advice that is specific to your situation.