It sounds as if you are now enjoying an ideal level of freedom of time, money, relationship and purpose.
That is wonderful. This is the state we help people get to and maximize once they initially reach this milestone.
The first order of business is to better understand what amount of your wealth – with room to spare - is needed to maintain your desired standard of living and what amount is available for optimal wealth transfer (now or in the future) to the next generation and/or charities.
In the process, we’ll examine the state of systems, structures, support and disciplines you have in place, related to portfolio management, wealth management and retirement planning, to see what is solidly in place and what, if anything needs to be upgraded in the process.
It is with clarity about your own strengths, weaknesses and vulnerabilities (if any) that you can best engage in integrated wealth management that also involves the next generation(s) and charities that support causes you are most interested in supporting. In our terms, your freedom of money allows you to enjoy the freedom of time, relationship and purpose (such as your family and the charities/causes you love).
We think it is best to examine possible new scenarios in a test environment, and our Lifestyle Protection Analysis (LPA) tool is one such simulation tool we can tap on your behalf. Here, we can simulate different wealth transfer and/or giving schemes that you are considering (or those you should consider), to test them out before making any commitments.
Similarly, since tax and estate planning often become important inputs, we have estate and tax planning scenario tools to assess your exposure to such taxes and review how different tax-advantaged transfer techniques can be used to best serve your needs and goals.
All of this planning is best done in the context of your journey on the Stages of Financial Freedom and ultimately the journey of each generation in your family that is a part of the plan.
Accordingly, we can review ways we can support you and the next generation(s) of your family, who are on different points of the Stages of Financial Freedom.
To begin the confidential conversation, call us at 303-721-7000.
