The objectives of the WEALTH MANAGEMENT GROUP FORUM are to:
(1) Provide a support network for the exchange of information, resources and experiences geared to:
(a) Assisting the wealthy IQD investor to plan, develop and manage their personal IQD Wealth Management System (IWMS) to optimize their investment in a tax advantaged manner; and
(b) Increasing financial literacy in the multi-disciplinary activities commonly referred to as wealth management. These activities in their relative order of importance are:
(1) Provide a support network for the exchange of information, resources and experiences geared to:
(a) Assisting the wealthy IQD investor to plan, develop and manage their personal IQD Wealth Management System (IWMS) to optimize their investment in a tax advantaged manner; and
(b) 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.
