Explore how strategic retirement planning can lead to significant tax savings with the stories of the Averys and the Bradleys, showcasing the benefits of allocation between traditional 401(k)s and Roth IRAs.
Understand the risks of irrevocable distribution decisions and creditor status in deferred compensation plans, considering the T.A.G. test—Tax Efficient, Access, Growth Opportunity.
Beware the wealth-sapping influence of behavior and seek guidance from a financial planner aligned with your goals, adjusting your portfolio only when necessary.
I invest in a $3 million 20-year term insurance policy to bridge a $3.5 million gap in family needs, contrasting potential investment scenarios to achieve the same net worth in 20 years, emphasizing the importance of wise investing and choosing the right financial tools.
Begin your financial planning with clear goals, using T-charts to assess risks and savings targets, and consider consulting a financial planner for expert guidance.
Top 10 Financial Must-Dos: From Diversification to Charitable Giving, Expert Advice to Secure Your Future.