Most Americans have no idea how much money they needlessly transfer away during their lifetime. What is certain is each dollar‘s loss, compounded by the additional income you could have earned by investing that dollar, makes them that much poorer as they work toward long-term financial goals.
We all want to accumulate more for retirement. We all need to save more, but, how do we accumulate enough? Reducing lifestyle, working harder or longer and increasing rates of return on saved money are all options. But, who wants to lower their lifestyle and you are already working as hard as you can. That only leaves increasing rates of return. Unfortunately, most asset and retirement strategists only focus on increasing rates of return without identifying or even considering the possibility of wealth being lost due to hidden wealth transfers, optimization. Increasing rates of return is important, but increasing rates of return always means increasing risk of loss.
Planned Assets believes stopping unnecessary wealth transfers first is a safer and more efficient strategy for increasing wealth. We feel the money you are saving for retirement or to educate your student as well as the equity in your home is safe money and we do not risk safe money. After stopping wealth transfers, we know of and use safe investments returning market rates of return without risk of loss.
Most Americans fail to recognize their limited Money Management skills and inability to focus what little free time is actually allotted to planning their financial future. Because of lack of time, information or ineffective planning, money trickles out of income continuously, unnecessarily and unknowingly reducing savings and life style.
While increasing rates of return on saved assets is always helpful the associated increase of risk is not. Today, many people are investing more aggressively in hopes higher returns will recover lost earnings or close a savings gap. To close a savings gap or increase wealth accumulation, most financial professionals recommend maximizing the tax-efficiency of your portfolio, reviewing your asset allocation, and of course, “saving more and spending less.” Always good advice, but you have taken these courses of action to the best of yours and your advisors capability and find it is not enough. Now, apparently your only option is to spend less and reduce your standard of living or ramp up investment risk in hopes higher returns will close the savings gap.
Instead of searching for the perfect investment formula; we find the greatest potential for wealth accumulation is not higher return on your investment, but finding those places where inefficiency and resultant opportunity cost drain away income for savings and life style. We call this drain “Wealth Transfers”; defined as unnecessary and unknowingly transfers of income out of the family. It is not unusual to find wealth transfers of 15, 20% or more of earned income within a family. We think stopping wealth transfers and redirecting part to saving and part to life style is more effective, safer and satisfying than taking additional investment risk.
We are Planned Assets and we would like to have a conversation with you about a subject you or your financial advisor may not be familiar with, Wealth Transfers. Everyday wealth transfers erode saving and reduce life style by stealing income from Americans. Saving 10, 15, even 20% of income due to wealth transfers is more effective and safer than increasing rates of return.
Is it time to talk to someone that can provide other options? Reducing your lifestyle at best is not fun, if in fact you could, increasing or adding to your income or working harder and longer may not be an option and increasing your rates of return on saved money is just not enough, adequate or safe . Let us show you how to get a handle on wealth transfers you may be making and then safely grow your assets without risk of loss.
As a business owner, wouldn’t a conversation concerning disposition of your business in the event of death or an exit strategy in the event of disability or the desire to retire make sense? Today is the best time to have this conversation please call Hubert McMinn at 888 270 9870 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it. for a confidential and informative conversation . “Do it today”!
For a free consultation and information concerning your situation: PLANNED ASSETS - POINT...INVEST...WIN!
