Rojeck Wealth

The Ultra-High Net Worth Guide to Growing and Protecting Assets
1. Auflage 2019
ISBN: 978-3-030-24497-2
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 137 Seiten

Reihe: Progress in Mathematics

With few exceptions, books on personal finance focus on investing.  And with few exceptions, these same books focus on the general public.  This book takes a comprehensive approach to the subject, directed to the ultra-high net worth reader, filling this void. While there is no shortage of experts in legal, tax, investment, and other matters, in many ways, ultra-high net worth individuals are underserved, even as they are confronted with potentially increasing challenges to the growth and protection of their wealth.  Planning strategies lacking a foundation of client-driven values and purpose, coordination and a mechanism for ongoing review and maintenance result in suboptimal outcomes. As a Certified Financial Planner Professional with over 30 years of experience serving individuals with substantial wealth, Richard Rojeck presents an alternative approach, one based upon a comprehensive planning process.  He addresses the eight key planning areas for the ultra-high net worth individual, describing the top strategies within each.  He challenges you to assess your current planning and provides guidance on how to select an often-missing member of the advisory team. With a readable and approachable style, this book will help you more effectively grow and protect your assets for yourself, your family, and your charitable causes.


Richard P. Rojeck specializes in helping business owners, senior executives, and other high net worth individuals enjoy their wealth today while growing and protecting it for tomorrow. He has earned the CERTIFIED FINANCIAL PLANNER™ professional certification and the Accredited Investment Fiduciary designation. He has over 30 years of experience in developing and helping implement comprehensive financial plans that integrate financial independence analysis, estate and business succession planning, investment and risk management, and more. His goal is for his clients to enjoy clarity and confidence regarding the accumulation and preservation of wealth for themselves, their families, and their charitable causes. Prior to beginning his financial planning practice, Rich served for six years as a commissioned Naval officer. He served on the national board of the International Association for Financial Planning. As its chairman, he was instrumental in a merger, leading to the creation of the Financial Planning Association, today the profession's largest. In 2010, Rich was elected to the board of the CFP Board of Standards, the standards setting and certifying body for CERTIFIED FINANCIAL PLANNER™ professionals. He served as its chairman in 2015. From 2004 to 2016, he was a Managing Director with Lincoln Financial Advisors, the broker-dealer with which he is affiliated. Rich holds a Bachelor's Degree in business administration from Oregon State University and an MBA in finance from San Diego State University.

Autoren/Hrsg.

Rojeck, Richard P.

Inhaltsverzeichnis

1;Preface;6
2;Acknowledgements;8
3;Contents;9
4;List of Figures;10
5;List of Tables;11
6;1 Wealth;12
6.1;By the Numbers;13
6.2;Enough Already;15
7;2 Estate Planning;17
7.1;Shirtsleeves to Shirtsleeves;18
7.2;Planning for Success;19
7.3;George and Linda;21
7.4;Advantage—Lifetime Transfers;22
7.5;A Matter of Trust;25
7.6;IDGTs, GRATs and QPRTs;26
7.7;The Freeze;29
7.8;A Taxing History;30
7.9;Thinking About the Unthinkable;32
7.10;Postscript—Keys to a Family Flourishing;33
7.11;Questions to Consider;33
8;3 Charitable Planning;35
8.1;CRATs, CRUTs, CLATs, and CLUTs;36
8.2;Private Foundation;39
8.3;Advantage-Lifetime Transfers (Again);41
8.4;Other Strategies;42
8.5;Final Thoughts;44
9;4 Business Succession;47
9.1;Sale to a Co-owner;48
9.2;All in the Family;50
9.3;Sale to Employees;54
9.4;Sale to Outsiders;55
9.5;Is It Time Yet?;55
10;5 Asset Protection Planning;57
10.1;SLATs, BDITs, and DAPTs;58
10.2;Captive Insurance Company;61
11;6 Life Insurance;64
11.1;Types of Insurance;65
11.2;Policy Taxation;67
11.3;Ways to Pay Estate Tax;67
11.4;The Economics of Life Insurance;69
11.5;Other Uses;70
12;7 Investment Management;72
12.1;Modern Portfolio Theory;73
12.2;A Model of Efficiency;74
12.3;Asset Class Diversification;76
12.4;The Penalty for Missing the Market;76
12.5;Stocks;78
12.6;Risk and Return as a Function of Time;79
12.7;Stocks and the Economy;80
12.8;Slicing and Dicing—Large vs. Small Company Stocks;80
12.9;Slicing and Dicing—Value vs. Growth Stocks;81
12.10;Slicing and Dicing—Domestic vs. Foreign Stocks;81
12.11;Factors;82
12.12;Bonds;82
12.12.1;A Comparison;83
12.13;Real Estate;83
12.13.1;Real Estate Economics;85
12.14;Tax Benefits;87
12.15;Commodities;88
12.15.1;Investing in Commodities;89
12.16;Principles of Portfolio Construction;92
12.16.1;Implementation;94
12.17;On-Going Management;97
12.18;Time for a Family Office?;99
13;8 Income Tax Planning;101
13.1;Deferral;102
13.2;Earned Income;103
13.2.1;Retirement Plans;103
13.2.2;Individual Retirement Accounts;103
13.2.3;C Corporation/January 31st Fiscal Year;104
13.2.4;Salary and Bonus Deferral;105
13.3;Investment Income;106
13.3.1;Charitable Remainder Trust;106
13.3.2;Deferred Annuity;106
13.3.3;Employee Stock Ownership Plan;106
13.3.4;Health Savings Account (HSA);107
13.3.5;Installment Sale;107
13.3.6;Private Placement Life Insurance;108
13.3.7;Qualified Opportunity Zone;108
13.3.8;Qualified Small Business Stock;109
13.3.9;Tax Deferred Exchange;109
13.3.10;Tax Free Reorganization;110
13.3.11;Tax Loss Harvesting;110
13.4;Conversion;111
13.4.1;Corporate Loans to Shareholders/Employees;111
13.4.2;Death;111
13.4.3;Educational Savings Account;111
13.4.4;Municipal Bonds;112
13.4.5;New State of Residence;112
13.4.6;Rent in Lieu of Salary;113
13.4.7;Roth IRA;113
13.5;Diverting;114
13.5.1;Gifts to Children;114
13.5.2;Pass-Through Distributions in Lieu of a Salary;115
13.6;Deductions;115
13.6.1;Charitable Contributions;116
13.6.2;Cost Segregation;116
13.6.3;Home Mortgage Interest;117
13.6.4;Incomplete Non-grantor Trust;117
13.7;AMT;118
13.8;Stock Options: The Risks and Rewards;118
14;9 Selecting a Financial Planner;120
14.1;Choose Wisely;121
14.2;Credential;121
14.3;Experience;123
14.4;Educational Background;123
14.5;Specialization;124
14.6;Disciplinary Actions;124
14.7;Affiliation;125
14.8;Compensation;125
14.9;References;126
14.10;Fiduciary Status;126
14.11;What to Expect;126
14.12;The Team;127
15;10 Tying It All Together;128
15.1;Financial Independence;128
15.2;Vision and Values;129
15.3;Involving the Next Generations;129
15.4;Estate Planning;129
15.5;Philanthropy;129
15.6;Business Succession Planning (If a Business Owner);130
15.7;Asset Protection;130
15.8;Life Insurance;130
15.9;Investment Management;131
15.10;Income Tax;131
15.11;How Did You Score?;131
16;Index;133