Banach Wealth Management Mar. 22 Letter Draft Guide Ch. 5 & Ch. 6
Lifetime Wealth Flows Guide
Section III Wealth Foundation & Factors
Chapter 5 Wealth Goals & Objectives
Key Points
- Wealth goals signfiy values
- Objectives are based on goal statements
- Grasp link between risks and objectives
- Wealth distribution or growth objectives?
Chapter 6 Wealth Flow Factors
Key Points - Significant 7 Wealth Factors
- Household time horizon (longevity)
- Retirement spending (withdrawal rate)
- Risk tolerance (portfolio volatility)
- Investment returns (portfolio volatility)
- Gift commitments (sharing with others)
- Inflation (political policy)
- Taxes (manage efficiently)