Broker Check

Three Phases of Wealth

Accumulation • Distribution • Conservation

In the wealth accumulation phase, your earned income is saved for both current and future needs and desires. While in this phase, many wealth-eroding factors could interfere and prevent you from trying to build the maximum wealth possible.

Wealth Distribution
During the wealth distribution phase, some people no longer work and earn an income. They are usually in retirement and their assets are now producing the income for them to live on. Serious financial issues could potentially derail one’s retirement if strategies are not designed to work under fluctuating economic conditions and help solve the problems that may arise.

Wealth Conservation
During the wealth conservation phase, the major concern for most individuals is how to efficiently and effectively pass on their wealth to future generations and charities. Many pitfalls can arise that prevent the smooth and effective transition of wealth to the next generation.

Have a Question?

Thank you!