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The Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad

Overview

Finalist, 2010 Independent Book Awards

Praise for the First Edition

"Vanclef utilizes his expertise as a financial planner and investment strategist to offer suggestions on how to invest wisely no matter the status of one's portfolio or the economic forecast. . . . Concrete economic suggestions for staying afloat."
Kirkus Reviews

Praise for the Second Edition

"I recommend this book to advisors, ...

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Overview

Finalist, 2010 Independent Book Awards

Praise for the First Edition

"Vanclef utilizes his expertise as a financial planner and investment strategist to offer suggestions on how to invest wisely no matter the status of one's portfolio or the economic forecast. . . . Concrete economic suggestions for staying afloat."
Kirkus Reviews

Praise for the Second Edition

"I recommend this book to advisors, do-it-yourselfers, and those who want a different perspective on what your financial advisor should do with your hard-earned money. It was a greatly informative read and even though you would think the topic is dry, Jason makes it entertaining, interesting and sometimes laugh-aloud funny."
—Matthew Halloran, MS, Certified Coach; President, Top Advisor Coaching; and author of The Social Media Handbook for Financial Advisors

"In these uncertain times, everyone is looking for financial advice they can truly understand, thanks to the brilliant insights and wisdom of my friend Jason Vanclef. This book reveals a unique and powerful method to diversify risk and create cash flow, which can help your financial security with peace of mind now and in the years to come."
—Vinay Kumar, CEO, KBR Capital Partners

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Product Details

  • ISBN-13: 9781118483367
  • Publisher: Wiley
  • Publication date: 1/29/2013
  • Edition number: 1
  • Pages: 304
  • Sales rank: 947,021
  • Product dimensions: 6.30 (w) x 9.00 (h) x 1.10 (d)

Meet the Author

Jason Vanclef is a financial planner and strategist and the mastermind behind the unique Wealth Code Asset Class Diversification model used by his firm to help their clients better defend against the economic storm of 2007—2008 and potentially provide more "peace of mind" for future tough economic conditions that consistently ravage retirement goals. As a national mentor and speaker to successful financial advisors around the country, Vanclef trains finance professionals in his strategies for building worst-case-scenario portfolio's for their clients and in taking a more commonsense approach to the economy and what lies ahead. Education is the core of his diversification model and he spends the majority of his time teaching current clients about the various investment ideas and how they relate to each other. The Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad is the culmination of his years spent teaching his clients through stories to simplify very complex investment strategies and concepts that have allowed the informed rich to stay rich in these tumultuous times.

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Table of Contents

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 Diversifi cation 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 Diversifi cation 31

Infl ation 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: Benefi ciary 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

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