EPISODE #029

EXPLAINING THE SAVINGS RATE BALANCE

PERSONAL FINANCE TIPS DELIVERED DIRECTLY IN YOUR INBOX

Subscribe to our free newsletter and get strategies you can use right away.

By submitting your name and email you are allowing us to store your personal data and send you emails
2018 Business Owner's Guide

TAX GUIDE

Leverage the latest tax law changes to increase wealth.

Savings Rate Balance

Welcome to the Wealth Curve Talk Podcast, in which John Smallwood, a certified financial planner, identifies key areas of pressure on your wealth and strategizes with you to reduce it.

In this episode, John continues his series on the Wealth Curve Blueprint. This time he explains the savings rate balance, which is how your savings is allocated among different types of vehicles and tax structures for optimal performance.

John is the author of 5 Ways Your Wealth is Under Attack. He has lectured at various educational institutions such as John Hopkins, Haas School of Business, UC Berkeley and UNC Chapel Hill. He has consecutively received the Five StarSM Wealth Manager Award since 2011, and is the former president and chairman of the Rotary Club of Red Bank Foundation.

John’s strength lies in his ability and commitment to continually improve the level and quality of the financial planning process. His macro view approach and dedication to his clients’ growth involves an evolving strategy that strives to meet the demands, desires, and needs of his clients in a continually changing economic environment.

Today’s podcast includes these vital points:

  • Achieving a savings rate balance means your assets should be spread around multiple types of savings vehicles and more than one tax structure.
  • Each dollar that you put into savings should build your liquid savings, short-term savings, defensive savings, and long-term savings.
  • If your savings are allocated in a lopsided fashion, you put yourself at risk: Clients who have all of their money in 401Ks frequently end up in credit card debt or with 401K loans.
  • You also want your money in a variety of tax structures, so that for some you pay taxes upfront (think Roth IRA) and for others your tax payments are deferred (think 401Ks and 403Bs).
  • You want to work to make sure that you will be in a lower tax bracket in retirement, so that you will benefit from your tax-deferred savings, rather than losing out.

When you work with us to put your assets into the Wealth Curve Blueprint, you will quickly see where your plan is overweight. Then, depending on your circumstances, you can reallocate some savings. The balance will be unique to you.

For more, listen above. Then schedule a time to come in and make your Wealth Curve Blueprint and Scorecard. Call us at 732-542-1565.

I hope to hear from you soon!


Are you ready to increase your profit growth by 25%? John will show you how in the 2018 Business Owner’s Guide To Maximizing Your Benefits From The 2017 Tax Cuts.

Click here to get your complimentary copy.

2018 Small Business Guide To Maximizing Tax Cuts

New Jersey     |     New York     |     Connecticut

Talk to a Smallwood Wealth Management Financial Advisor

No Cost, No Obligation.

savings rate balance

SHARE

SUBSCRIBE

To go deeper on the insights from Smallwood Wealth Management, request your FREE COPY of 5 Ways Your Wealth Is Under Attack 

Everyone is impacted by these 5 problems. The question is, how big are yours? What impact do they have on your wealth potential? CLICK HERE TO GET THE BOOK