The Importance of Wealth Distribution

We are taught by the traditional financial world to focus mainly on the accumulation of money. We are told to save money, place it in accounts such as a 401k, and wait until we reach the age when we can withdraw the money and hope it’s enough to live on during retirement. But wealth accumulation is just one of three phases in your Financial Treatment Plan. Today, we challenge you to look beyond accumulation and consider phase two: wealth distribution.

What is wealth distribution?

We define wealth distribution as the spending and enjoyment of personal assets both today and in the future without the fear of ever running out of money. For most people, this is the ideal situation: have your cake and eat it too. You get to have and enjoy the life you want now, with guarantees built into your plan so you don’t have to sacrifice your lifestyle or take an income cut in retirement. Not to mention that this will also give you peace of mind so that you can avoid retirees’ number one fear of running out of money.

The importance of a distribution strategy

So, how do you position yourself to have maximum retirement income in the future while still enjoying your hard earned money now? It all comes down to strategy. The accumulation of assets by retirement is meaningless if you don’t have exit or distribution strategies in place. Building a solid distribution strategy in to your Financial Treatment Plan will allow you to turn your assets into income streams, and potentially add hundreds of thousands (or even millions) of dollars into your model. 

You should begin thinking about your wealth distribution strategies and desires while you are still working, and continue the rest of your life. When you go to make any investment, think about the long-term benefits, as well as how you will get the money out (or if you will be able to) in the future to enjoy. Work with your financial advisor to implement a distribution strategy, and resist the temptation to put all your money away and simply let it accumulate. We want you to be able to enjoy every part of life, whether you are 20 years from retirement or 5 years in!

You can learn more about wealth distribution and creating a Financial Treatment Plan in our upcoming book, Your Retirement Smile. If you are interested in our services to help set you up financially for the retirement you’ve always wanted, visit our website and get in touch. We’d love to help you achieve financial freedom so you can smile through your retirement!

How You Can Enjoy Your Wealth Now Without the Fear of Running Out

On the financial path to retirement, there are numerous trade-offs and choices along the way. These trade-offs and choices affect your lifestyle in the present and have ramifications for your future. Spend a lot of money now, and you up your lifestyle now but at the expense of your nest egg. Live too frugally, and you’ll have more money in retirement but at the expense of enjoying yourself in the prime of life. 

At least, that’s what we’ve been led to believe all our lives. What if you could both enjoy the wealth you’ve created now while also feeling secure about your financial future? 

What Financial Success Really Is 

To us, financial success means having the maximum benefits from a maximum money supply at all times in your life. It means having the foundation and peace of mind to be able to enjoy your wealth now and have the certainty that you’ll never run out of money in the future. 

Sounds pretty great, doesn’t it? 

This is the kind of financial success we aim for with our clients. With our Financial Treatment Plan, we create a situation where income doesn’t stop once retirement starts, and our clients effectively don’t take a pay cut just because they’ve stopped working. 

How to Enjoy Wealth and Preserve Wealth at the Same Time 

This may sound too good to be true, but we swear it isn’t. It simply requires a different approach to money. 

Stop listening to the rainmakers. That’s what we call the government, financial institutions, and corporations. They dole out the same bogus wealth-building advice you’ve heard all your life, advice that preaches accumulating money and relying on compound interest and the like to help grow it over time. This strategy works out wonderfully for them but not so great for you. 

Instead, you need to shift your focus from accumulating wealth to accelerating wealth. Acceleration strategies effectively employ every dollar in more than one job at a time, creating a new rate of return with additional benefits and accelerating wealth.  

Guess which strategy the rainmakers follow themselves. That’s right, they’re leveraging acceleration strategies, not the accumulation strategies they advise you to follow. Interesting, isn’t it?

When you swap accumulation for acceleration, that’s when you really take control of your wealth. With smart planning, you can put yourself in a position where you’ll be able to enjoy the fruits of your labor now while knowing that you’re not sacrificing your future for it. 

Think About Wealth Differently 

This is just a brief overview intended to get you thinking differently about how your money works for you. There’s much more to learn, and you can do that by checking out our website. Be sure to be on the lookout for our upcoming book, Your Retirement Smile, too, which is all about helping dentists take charge of their financial future and maintain their wealth and income through retirement.

Related post: Don’t Let Poor Planning Take A Bite Out Of Your Retirement Adventures