It's Your Wealth-Keep It: The Definitive Guide to Growing, Protecting, Enjoying, and Passing on Your Wealth

NO ONE MAGIC HAMMER
Keeping your wealth doesn’t mean using one tool—one financial product—to solve every problem.
In It’s Your Wealth—Keep It: The Definitive Guide to Growing, Protecting, Enjoying, and Passing On Your Wealth, John Smallwood shares how financial plans should have seven fundamental goals: 1. Reduce taxes by taking advantage of all deductions. 2. Reduce risk by limiting volatility with diversified asset classes and types of stocks. 3. Reduce fees and costs by identifying and dealing with leaks in your plan. 4. Increase your savings rate to 15 percent or more of your income and have half your annual income in liquid savings for immediate access. 5. Increase your retirement income by maximizing participation in company retirement plans and having whole life insurance. 6. Put more benefits and protection around your wealth by maximizing life, disability, long-term care, and other types of coverage. 7. Pass more money on to the family by employing wills and trusts.
Once developed, your plan should be reviewed and updated on an annual basis to ensure a more predictable financial future. It’s a long-term approach to wealth creation and preservation that meets your demands, desires, and needs in a continually changing economic environment.

JOHN L. SMALLWOOD is president of Smallwood Wealth Management and affiliated companies. A Certified Financial Planner, John provides investment consulting and financial plan design using a macro view of wealth creation and preservation to maximize the efficiency of every dollar.

Through the Wealth Curve process that John created, he helps reposition assets to reduce taxes, risk, and fees and costs; increase savings rate and retirement income; put more benefits and protection around your wealth; and pass more money on to your family.

John is the recipient of the Five Star Wealth Manager Award and author of 5 Ways Your Wealth Is Under Attack.