Lifestyle Money
- Expandable or shrinkable
- Maslow’s Hierarchy
- Housing
- Clothing
- Social Support
- Rejuvenation & Recreation
Safety Reserves
- No less than 6-12 times your Lifestyle Costs
- Credit Reserves
- Insurance Coverage
- Friends & Family
- Community
- God/Universe
Family Bank
- Qualified Plans IRAs, 401ks, etc.
- Non-Qualified Growth Investments
- Primary & 2nd home Mortgage
- Section 72(e) and 7702 Guaranteed
Savings Contracts - Real Estate Investments
- Passive Business Investments
- Stocks, Bonds, CDs, Annuities
- Cash-Value Life Insurance
- Managed Accounts
Contributuions
- Charitable contributions
- Religious contributuions
Luxuries
- Early Retirement
- Travel
- Cruises
- Giving special surprise gifts
- Family Reunion Vacations
- Spoiling the Grandkids
When we discuss money it all starts with your circle of wealth. We all have a circle
of wealth and we have divided it into three areas, Accumulated Money, Lifestyle Money, and
Transferred Wealth. The two areas we are going to focus on are Accumulated Money and how
Transferred Wealth, more importantly taxes, can have a significant impact on your future
retirement.
Prior to the recent stock market crash, bank failures and unforeseen market risk many
of us thought our retirement plan was moving in the right direction. But, with a 40%
decrease in our portfolios and an increasing uncertainty about the US economy we find it
more difficult than ever to know what to do.
Find out more at one of our live seminars.
