In the world of financial planning, there’s offense and there’s defense. Offense is the accumulation of wealth by making savvy investments and accruing valuable assets. Great offensive strategies are what pump up your overall value.
Defense, on the other hand, is the act of fending off things that threaten to decrease your value. Taxes are a big one, but litigation and creditor claims can also be quite costly and time consuming.
A good offensive strategy is key in both financial planning and retirement planning because they create the nest egg you’ll depend on when you leave the workforce. Defense is equally important because it creates a much-needed barrier around your nest egg. Think of it as the financial solution that proactively prevents problems and mitigates your overall risk.
In an ideal world, you make it to retirement with your entire nest egg without getting hit hard by taxes or unforeseen litigation regarding your assets or estate. This is exactly where Foresight Financial Design and our innovative financial planning strategies come into play.
Private wealth management and financial planning aren’t just about growing wealth – you’ve got to build in plenty of safeguards. Our firm has the knowledge and experience to know what safeguards need to be in place to protect you and your assets from things like taxation and seizure of assets and property. We prepare you for worst-case scenarios that would impact you, your heirs, and your estate.
Some people and businesses have tried to do this on their own, but end up getting flagged for things like asset concealment and fraudulent fund transfers. Our methods of protection planning are both effective and completely legal.
Defense is essential in the financial planning game. Not being prepared for the unexpected leaves you vulnerable to hefty taxation and loss of assets. As a company that deals with everything from small business finance to financial management for wealthy clients with large estates, we can tell you that defense does indeed win games.
To set up an appointment to go over your protection planning options, call us at (321) 213-9848
Contact us today to learn more.