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The Wealth Code 2.0
How the Rich Stay Rich in Good Times and Bad
Jason Vanclef (Author)
9781119087014, Wiley
Paperback / softback, published 23 January 2015
306 pages
22.9 x 15.2 x 1.6 cm, 0.413 kg
A thoroughly revised and expanded update to the book that critics are calling the first true investing book for the "new normal" You entrusted your financial security to the “experts,” and now you’re wondering what it’ll take to recover from the economic crisis and get back on your feet. In this updated and expanded edition of his critically-acclaimed guide to staying rich in good times and bad, financial planner and investment strategist Jason Vanclef delivers more straight answers and solid solutions—and he takes a well-earned poke or two at Wall Street in the process. According to Vanclef, True Asset Class Diversification is the best way to build the solid financial foundation you need for a secure future. And he puts his money where his mouth is with a comprehensive, easy-to-understand and use plan for maximizing your investments—not just cutting your losses.
Preface xi Acknowledgments xiii Introduction xvii Chapter 1 Freeing Your Estate from Conventional Thinking 1 An Unconventional Approach 2 In Summary 3 Chapter 2 The Best Portfolios Are Mixtures of Many Different Asset Classes 5 The Real Meaning of Portfolio Diversification 6 In Summary 9 Chapter 3 The Key to Protecting and Building Wealth in Good Times and Bad 11 General Practitioner versus Specialist 11 In Summary 15 Chapter 4 The Process of Wealth 17 Wealth Bucket 101 19 Buy Assets to Pay For Liabilities! 21 Fortune 400 Secret 23 Brokerisms 25 In Summary 27 Chapter 5 Leaks in the Bucket 29 Not Following Common Sense 30 Limited Investment Diversification 31 Inflation 35 Investment Fees 42 Income, Income, Income 49 Taxes 51 Poor Estate Planning 55 Poor Asset Protection 57 Liquidity 59 Summary: Leaks in the Bucket 61 Chapter 6 True Asset Class Diversification 63 The General Asset Classes 63 20,000 Foot Viewpoint on Money 72 Liquidity Leak Reexamined 87 Chapter 7 Foundations for Your Financial Table 91 Matching Beliefs to Your Asset Choices 91 Time and Real Assets 93 Direct Participation Programs 94 Accreditation of Investors 96 Commissions and Fees 99 Prioritization and Placement of Portfolio Investments 101 In Summary 103 Chapter 8 Building a Strong Financial Table 105 Step One: Know Yourself 106 Step Two: Liquidity Time Lines 108 Step Three: Income Needs 113 Step Four: Growth Needs 120 Step Five: Beneficiary Needs 125 Putting Together a Financial Plan 127 In Summary 142 Chapter 9 Life Insurance, Annuities, and How They Relate to Your Wealth Code 143 General Need for Life Insurance—Family Liabilities 144 Federal Estate Taxes 146 Annuities 149 Index Universal Life and Index Fixed Annuities 150 MVA versus Non-MVA Annuities and Why You Need to Know This 152 In Summary 153 Conclusion: Time to Take Action! 155 Appendix A: Case Studies 159 Appendix B: Different Investment Asset Classes 185 Appendix C: Discounted Roth Conversions 243 Appendix D: 1031 Real Estate Exchanges 265 About the Author 275 Index 277
Subject Areas: Finance & accounting [KF]
