Wealth Accumulation - Mac McMinn
Most Americans fail to recognize their limited Money Management skills and inability to focus what little free time is actually allotted to planning their financial future. Because of lack of time, information or ineffective planning, money trickles out of income continuously, unnecessarily and unknowingly reducing savings and life style.
While increasing rates of return on saved assets is always helpful the associated increase of risk is not. Today, many people are investing more aggressively in hopes higher returns will recover lost earnings or close a savings gap. To close a savings gap or increase wealth accumulation, most financial professionals recommend maximizing the tax-efficiency of your portfolio, reviewing your asset allocation, and of course, “saving more and spending less.” Always good advice, but you have taken these courses of action to the best of yours and your advisors capability and find it is not enough. Now, apparently your only option is to spend less and reduce your standard of living or ramp up investment risk in hopes higher returns will close the savings gap.
Instead of searching for the perfect investment formula; we find the greatest potential for wealth accumulation is not higher return on your investment, but finding those places where inefficiency and resultant opportunity cost drain away income for savings and life style. We call this drain “Wealth Transfers”; defined as unnecessary and unknowingly transfers of income out of the family. It is not unusual to find wealth transfers of 15, 20% or more of earned income within a family. We think stopping wealth transfers and redirecting part to saving and part to life style is more effective, safer and satisfying than taking additional investment risk.
We are Planned Assets and we would like to have a conversation with you about a subject you or your financial advisor may not be familiar with, Wealth Transfers. Everyday wealth transfers erode saving and reduce life style by stealing income from Americans. Saving 10, 15, even 20% of income due to wealth transfers is more effective and safer than increasing rates of return.
If spending a small amount of time having this type conversation makes sense to please register at [link], call (888 270 870) or email ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it. ) Hubert W. McMinn. There is no cost for the conversation just a small investment of your time and the return could be significant.