ENJOY

The third step in becoming a financial powerhouse is to enjoy the fruits of your careful planning., At this economic phase you unlock the value and harvest what you’ve worked so hard to grow. You might also think of this as the distribution phase. It’s about enjoying a stable and efficient income (, which may be partially or fully passive)and liquidity after years of working, saving, and investing. It’s like landing a plane. if you consider your career, building your start-up, your investment and assets the takeoff of your personal financial powerhouse plane and the journey as your flight, this phase would be the smooth landing. The objective of your journey isn’t just taking off, it is also landing and arriving to your destination safely. In this phase it’s important to have both your money and other people’s money working for you efficiently. With the Passive Approach, people use retirement accounts to derive income during their distribution phase. Generally, this income comes from accounts such as 401(k)s, Traditional IRA, real estate investments, and or business income, all of which are taxable.  And the general passive money financial instruments used for income are CDs, bonds, Mutual Funds, annuities, and retirement accounts. Some might also rely on Social Security payments, or a pension that they receive from past employers.

People building their financial powerhouse and growing their income with the Smart Money approach, on the other hand, diversify the Passive Money methods to derive income by focusing on non-taxable or tax-advantaged accounts. They may use income-producing instruments that will generate income in perpetuity, income that they could never outlive. Some of those instruments could be, Roth IRA’s, Roth 401(k)s, participating dividend cash value life insurance, tax-advantaged real estate income, and passive business income. Smart Money people also manages their tax brackets better, paying close attention to income and  capital gains taxes. They, become familiar with the laws of the state in which they reside or do business in order to save on taxes, and they make sure they optimize the tax treatment of their investments—all of , which means they get to keep more for themselves and their family, or have more money available to give to charity.

enjoy main
enjoy main

ENJOY

The third step in becoming a financial powerhouse is to enjoy the fruits of your careful planning., At this economic phase you unlock the value and harvest what you’ve worked so hard to grow. You might also think of this as the distribution phase. It’s about enjoying a stable and efficient income (, which may be partially or fully passive)and liquidity after years of working, saving, and investing. It’s like landing a plane. if you consider your career, building your start-up, your investment and assets the takeoff of your personal financial powerhouse plane and the journey as your flight, this phase would be the smooth landing. The objective of your journey isn’t just taking off, it is also landing and arriving to your destination safely. In this phase it’s important to have both your money and other people’s money working for you efficiently. With the Passive Approach, people use retirement accounts to derive income during their distribution phase. Generally, this income comes from accounts such as 401(k)s, Traditional IRA, real estate investments, and or business income, all of which are taxable.  And the general passive money financial instruments used for income are CDs, bonds, Mutual Funds, annuities, and retirement accounts. Some might also rely on Social Security payments, or a pension that they receive from past employers.

People building their financial powerhouse and growing their income with the Smart Money approach, on the other hand, diversify the Passive Money methods to derive income by focusing on non-taxable or tax-advantaged accounts. They may use income-producing instruments that will generate income in perpetuity, income that they could never outlive. Some of those instruments could be, Roth IRA’s, Roth 401(k)s, participating dividend cash value life insurance, tax-advantaged real estate income, and passive business income. Smart Money people also manages their tax brackets better, paying close attention to income and  capital gains taxes. They, become familiar with the laws of the state in which they reside or do business in order to save on taxes, and they make sure they optimize the tax treatment of their investments—all of , which means they get to keep more for themselves and their family, or have more money available to give to charity.

Passive Money Vs Smart Money

  • Pension & Social security

    Passive Money

    pension

    Coordinated Income Plan

    Smart Money

    EMERGENCY FUND

  • IRA/401(k)

    Passive Money

    Checking

    Roth IRA/ROTH 401(k)

    Smart Money

    Roth-Roth-401k

  • REAL ESTATE INCOME

    Passive Money

    real-estate-income

    Tax-Advantaged RE Income

    Smart Money

    Debt Management

  • Work Income

    Passive Money

    Savings-CD-MMA

    Passive Income Streams

    Smart Money

    Income Planning

  • Bonds

    Passive Money

    Use Debt

    Tax advantaged Bonds

    Smart Money

    Risk Management Planning

  • Cash/CD/MMA

    Passive Money

    Cash/CD/MMA

    CVLI and Annuities

    Smart Money

    Legal Docs & Contracts

Named Advisor of the year by National Association of Insurance and Financial Advisors
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