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Wealth Preservation: Protecting Your Assets in Today’s Economy

  Michael K. Menerey, Partner, CFO Edge, LLC  
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  Article Summary  
Many CFOs are often asked for financial guidance in personal wealth matters by fellow C-level executives. In support of these requests for information, this article addresses wealth preservation and ways that forward-thinking executives can protect their assets and better prepare for future financial security.

In today’s economic climate, there continues to be a lot of uncertainty. As the current workforce approaches retirement age, hardly anyone feels secure that they will be retiring with sufficient money in the bank. This makes it especially crucial to understand your options and prepare carefully in order to protect your assets. With careful preparation, you can create a wealth preservation plan that is flexible, accounts for market fluctuations and inflation, and is based on assets you have at your disposal. Such a plan will create a more certain future for you and your dependents.

This article looks at wealth preservation through discussions of an action plan, assets, timeframes, goals, retirement, annual income, other earnings, cash, liquidity, lifestyle, investment income, pensions, Social Security, inflation, taxes, healthcare costs, and Monte Carlo analysis.

The process of preparing for the future is incredibly important for determining your future financial wellbeing. Los Angeles executives may want to consider consulting with a CFO services firm, a resource with experienced professionals who can run detailed analyses and give expert advice on how to structure your investments.

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