WELCOME
The objectives of the WEALTH MANAGEMENT GROUP
are to assist the Post-RV
wealthy* IQD investor maximize the investment opportunity presented by
what has been described as
"the perfect
economic storm." Specifically by:
(1) Assisting in the development and management of a personal IQD Wealth Management System (IWMS)
which is comprised of an Asset Allocation Model (AAM),
implemented using a variety of tax advantaged wealth management
vehicles. It's objectives are to Keep More and Protect
What You Keep; and
(2) Increasing
financial literacy in the multi-disciplinary activities commonly
referred to as wealth management. These activities in their relative
order of importance are:
TAX PLANNING -
Considering the tax implications of individual or business decisions
with the goal of minimizing the tax liability. Tax planning is the #1
subject in any considerations about how to accomplish wealth management
objectives.
RETIREMENT PLANNING - In a
financial context, refers to the allocation of finances for retirement.
This normally means the setting aside of money or other assets to obtain
a steady income at retirement. The goal of retirement planning is to
achieve financial independence, so that the need to be gainfully
employed is optional rather than a necessity.
CHARITABLE
GIFT PLANNING - The donor-centered process of planning
charitable gifts, whether current or future gifts, that meets
philanthropic goals and balances personal, family, and tax
considerations.
ASSET MANAGEMENT - Prudent
administration of investable assets aimed at achieving an optimum
risk-reward ratio.
ASSET PROTECTION PLANNING
- The process of organizing one's assets and affairs in advance to
guard against risks to which the assets would otherwise be subject. The
phrase "in advance" warrants strong emphasis. One who is planning to
protect assets must be cautious and avoid the negative implications that
may follow if there are creditors who are entitled to remedies under
applicable fraudulent transfer and similar laws. Asset protection
planning may be applied to protect every type of asset.
ESTATE
PLANNING - Is the process of anticipating and arranging for
the disposal of an estate. Estate planning typically attempts to
eliminate uncertainties over the administration of a probate and
maximize the value of the estate by reducing taxes and other expenses.
Guardians are often designated for minor children and beneficiaries in
incapacity.
(3) Providing a network for exchange of
information, resources and experiences through the The Wealth Management Group Forum.
(4) Providing an informal group structure that allows for financial leverage in many areas, private banking, insurance, travel, etc.
We welcome any and all contributions, questions, analysis etc. since no one knows it all. In fact it has been said
"That When You Know What You Don't Know", is when you really start to learn.
*
For Tax Planning purposes means… You are
irrevocably subject to the highest income tax rate, highest dividend rate, highest capital gains and highest estate
tax rate. Irrevocable, as used here, means … You have
accumulated enough wealth so that come “Hell or High water,” without a good plan you will
never escape any of these four high brackets.