Do You Know How to Stay Wealthy?

Most wealthy people work tirelessly to obtain their wealth and then continue to practice the same principles to maintain that wealth. However, achieving wealth and maintaining wealth over the long haul are two entirely different things. Therefore, it’s important to have the right advance plan in place if you wish to hold onto the wealth that you’ve worked so hard to obtain.

So what kinds of measures should you take to keep your wealth? The simple answer is that it takes some careful planning ahead. Advance planning often takes the skilled help of an experienced accounting and wealth management firm. That’s because in order to effectively hold onto your wealth you need to utilize every necessary and legal measure it takes, including tax planning and financial planning.

There are three major components to effectively protecting your wealth. They include asset protection planning, wealth enhancement and estate planning. All three of these factors are important elements to advance planning and protecting your wealth. Asset protection planning means you take the necessary steps and planning to protect your wealth from being taken. Wealth enhancement consists of effectively planning and strategizing in order to keep your taxes to a minimum, and thus keeping more of your wealth to yourself.

Finally, estate planning is using legal measures to ensure that your assets and your loved ones are taken care of after you die. At GROCO, we can assist you with all of these kinds of advance planning tactics. Click here to learn more or give us a call at 1-877-CPA-2006.

Posted in
The Master of Retention with Lynn Thomas, CEO of Thomas Consulting Inc

The Master of Retention with Lynn Thomas, CEO of Thomas Consulting Inc

Alan Olsen: discusses how to be a master of retention with Lynn Thomas, CEO of Thomas Consulting Inc. Transcript (software generated) Alan Olsen Welcome to American Dreams. I’m here today with Lynn Thomas. Lynn, welcome to today’s show. Lynn Thomas Thank you for having me on. I’m delighted to be here. Alan Olsen So Lynn,…

The Extinction of Chronic Disease with Dr. Lee Hood, Co-founder of Institute for Systems Biology

The Extinction of Chronic Disease with Dr. Lee Hood, Co-founder of Institute for Systems Biology

Alan Olsen discusses the extinction of chronic disease with Dr. Lee Hood, Co-founder of Institute for Systems Biology (ISB). Transcript (software generated): Dr. Lee Hood If we succeed, the largest transformation of healthcare would be essentially if we could eliminate all chronic diseases. So we spend 86% of our $4 trillion a year in health care…

The Business Owner’s Dilemma with Ali Nasser, Serial Entrepreneur

The Business Owner’s Dilemma with Ali Nasser, Outstanding Serial Entrepreneur

Ali Nasser, Author, discusses his book The Business Owner’s Dilemma with Alan Olsen. Transcript (software generated): Alan Olsen Welcome to American Dreams. I’m here today with Ali Nasser. He’s the author, the business owners dilemma, and best selling author on Amazon. So welcome to today’s show, Ali. Ali Nasser Thanks so much for having me,…

I Will be Better in 2023

Why I will be better in 2023 than I was in 2022. Every year, millions of New Year’s resolutions are made on January 1st, and like mine, many of them never make it past the 31st. But this year I want to be better: better at setting goals and better at reaching them. I made this resolution in…