Never. Lose. Money.

Free No-Strings Wealth Protection Review

Personal Wealth Protection is not a product, it’s a process. It’s a state of mind that helps you prioritize, see risk clearly, and make decisions accordingly. 

It’s also a series of defensive strategies you employ to protect your nest egg. It’s the way people handle money who can’t afford to lose money. It means developing a sharp eye and a tight fist!

Being a good investor is no longer good enough in retirement. You must become skilled at money protection and preservation. That means handling your money on a day-to-day basis with the utmost care and attention that you gave to portfolio building in all the decades prior.  It’s about financial sustainability. 

What is Personal Wealth Protection?

Personal Wealth Protection is the process of taking inventory.

First, we take a snapshot of your current situation, including assets, income sources and importantly, your goals, attitudes, behaviors and biases regarding life and money.

After understanding all of this input, we will collaborate together, coach and client, to come up with the most relevant protection plan.

Our Personal Wealth Protection model is based on two foundational standardized practices:

• The ICF Professional Coaching model.

• The CFP® Board for Certified Financial Planners® six step planning model.

Throughout the coaching engagement, we ask many questions and encourage collaborative dialogue, to establish and define your goals and expectations, gather the information we require to understand your current financial situation, analyze and evaluate your current financial picture, present a range of appropriate solutions for improvement, implement the new solutions, and then monitor the progress against the benchmark of your past experiences.

This standardized and comprehensive approach ensures that each client receives the same level of care and attention. There are no “big clients” measured by the size of their wallet. What matters are the problems you need to solve and the goals you wish to achieve.

Where are you on the wealth spectrum?

Wealth accumulation is the name of the game before we retire. Think mid-twenties through mid-sixties. We work hard to earn as much as we can, save as much as we can, invest as successfully as we can, all of it leading up to that magical day when we can put all that behind us. 

In this phase, some of the most important things to consider are:

• Budget
• Debt usage, consolidation and reduction
• Spending management
• Saving money
• Buying a home
• College Planning
• Maximizing qualified retirement account funding
• Life Insurance ownership, adequacy and beneficiary analysis
• Asset location modeling
• Indexed Asset Management
• Income Tax Minimization Strategies

Wealth Preservation is the number one goal of most retirees. Retirees cannot afford to lose money. That means protecting our assets from loss, and creating dependable income streams that we cannot outlive. At this stage it’s important that we refine our objectives, lower our exposure to risk, and decide what are the best, most tax-friendly ways to protect what we have and create the income we need.

Successful wealth protection depends on a careful coordination of strategies involving risk management, investments, tax planning, retirement planning and estate planning.

In this phase, some of the most important things to consider are:

• Protect and preserve your assets
• Generate dependable income you cannot outlive.
• Risk Management
• Insured Guaranteed Principal Protection
• Pre- and Post-retirement Financial Planning
• Income Tax minimization
• Estate Tax minimization
• Ownership strategies
• Gifting strategies
• Eliminating the risk of income loss
• Eliminating the risk of capital loss
• Qualified and Non-Qualified Income Distribution Planning

Principal Protection Strategies

Principal protection means  eliminating the possibility of market losses. Deciding to take profits is harder than it sounds since human nature persuades us to “hang in there just a little longer” in hopes that we can capture even more gain. This is the “hogs get slaughtered” mentality. Switching to a “risk-off” posture means deciding to take profits from risk based assets, especially those stocks in your tax-deferred retirement accounts that have done well, and pouring them into insured, principal-guaranteed solutions.

Preserving Purchasing Power

Inflation is back, and the higher prices never go down. This means that you cannot afford to delete growth from your objectives. How can I protect myself against the loss of purchasing power but guarantee my principal so that I never lose money? 

Generating dependable lifetime income streams

Paychecks are wonderful things, but just as all good things come to an end. Like paychecks. Throughout your life and career you had that dependable, steady paycheck, and you did your best to handle all the day-to-day necessities of life with it, and you were diligent in setting some aside for tomorrow. Well, tomorrow is here and the paycheck is long gone. Now you live on some combination of social security, pension payments and accumulated assets in personal retirement plans, but you need to create income that you cannot outlive.

And how quickly you take it is critical. If you take too much, then assets will deplete at a faster rate, thus harming your preservation goals. If you take too little, then the quality of life suffers, but isn’t a great quality of life the point of building up your asset base in the first place?  The bottom line is we want dependable lifetime income, but we don’t want our assets to erode.

Insuring Your Family’s Legacy

You may be asking, “How can I leave my spouse and family a legacy of worry-free financial comfort?” If real assets are not going to be sufficient to allow a sufficient income and also allow your surviving spouse to live in such a way that alleviates fear and worry after your passing, then estate creation becomes a critical discussion.  Longevity concerns, and existing health conditions are the problems to solve.

Winning by Not Losing.