The Wealth Code 2.0
How the Rich Stay Rich in Good Times and Bad
Published on 10. January 2013
304 pages
978-1-118-48390-9 (ISBN)
Description
A thoroughly revised and expanded update to the book thatcritics are calling the first true investing book for the "newnormal"
You entrusted your financial security to the"experts," and now you're wondering whatit'll take to recover from the economic crisis and get backon your feet. In this updated and expanded edition of hiscritically-acclaimed guide to staying rich in good times and bad,financial planner and investment strategist Jason Vanclef deliversmore straight answers and solid solutions--and he takes awell-earned poke or two at Wall Street in the process. According toVanclef, True Asset Class Diversification is the best way to buildthe solid financial foundation you need for a secure future. And heputs his money where his mouth is with a comprehensive,easy-to-understand and use plan for maximizing yourinvestments--not just cutting your losses.
* Learn the unvarnished truth about "tried and true" Wall Streetpractices and why stocks and bonds are not the answer--andwhich investment vehicles are
* Find out how to diversify into oil/gas, equipment, ,notes, realestate, bullion and rare coins the way the super-richdo--information that Wall Street doesn't want you tohave
* Get priceless advice on whether or not to pay off your home orpay cash for a car and how to build your wealth moreefficiently
* Discover the pitfalls of insurance and Variable/Fixed/IndexFixed annuities that agents will never tell you about
* Get the lowdown on advanced income tax reductionstrategies, discounted Roth IRA conversions, and asset protectiontechniques that will help protect your hard earned wealth.
More details
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01/2015
1st Edition
Wiley
€37.50
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01/2013
1st Edition
Wiley
€34.90
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Person
Jason Vanclef is a financial planner and strategist andthe mastermind behind the unique Wealth Code Asset ClassDiversification model used by his firm to help their clients betterdefend against the economic storm of 2007--2008 and potentiallyprovide more "peace of mind" for future tough economic conditionsthat consistently ravage retirement goals. As a national mentor andspeaker to successful financial advisors around the country,Vanclef trains finance professionals in his strategies for buildingworst-case-scenario portfolio's for their clients and in taking amore commonsense approach to the economy and what lies ahead.Education is the core of his diversification model and he spendsthe majority of his time teaching current clients about the variousinvestment ideas and how they relate to each other. The WealthCode 2.0: How the Rich Stay Rich in Good Times and Bad is theculmination of his years spent teaching his clients through storiesto simplify very complex investment strategies and concepts thathave allowed the informed rich to stay rich in these tumultuoustimes.
Content
Preface xi
Acknowledgments xiii
Introduction xvii
Chapter 1 Freeing Your Estate from Conventional Thinking1
An Unconventional Approach 2
In Summary 3
Chapter 2 The Best Portfolios Are Mixtures of Many DifferentAsset Classes 5
The Real Meaning of Portfolio Diversifi cation 6
In Summary 9
Chapter 3 The Key to Protecting and Building Wealth in GoodTimes 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 toYour 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 This152
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
