Wealth Regeneration at Retirement E-Book

Kaycee Krysty

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Bloomberg Professional
• Sprache: Englisch

Seitenzahl: 250

Veröffentlichungsjahr: 2012

Beschreibung

Tailoring retirement for successful business leaders 

Traditional retirement planning fails to meet the needs of wealthy baby boomers, particularly those who are business leaders. There is no “one size fits all” answer. 

Wealth Regeneration at Retirement: Planning for a Lifetime of Leadership presents an alternative – one that acts more like a GPS.   The authors, Kaycee Krysty and Bob Moser, leaders of the highly regarded Seattle-based wealth management firm, Laird Norton Tyee, use a proprietary discipline, Wealth Regeneration®, to calculate the route to retirement and beyond for those at the top.

The authors challenge successful boomers to redefine retirement on their own terms. They outline a process to create a sustainable plan to achieve retirement objectives. Their years of experience in counseling CEO’s and business founders through transitions is reflected throughout.  For many successful boomers, the answer to the prospect of retirement has been, “I’d rather not.” Yet change is inevitable. Wealth Regeneration at Retirement provides a thoughtful and thorough way for leaders to move onward. 

Describing Wealth Regeneration in a digestible, actionable format, the book provides the framework, tools, and techniques that successful baby boomers and their advisors need to incorporate this innovative approach for a lifetime of leadership and legacy. Packed with learning aids, including graphics, diagrams, worksheets and exercises, the book helps readers build a unique life plan that is about more than simply retirement.

The book includes:

• A proprietary approach to retirement planning that changes seamlessly when times and circumstances change
• A four component  methodology  - Where You Are; What You Want; What to Do; and Make it Happen – to ensure continuous feedback, accountability, and measurement of lifetime goals
• Retirement planning expertise from wealth management firm Laird Norton Tyee   

Wealth Regeneration at Retirement: Planning for a Lifetime of Leadership is artfully illustrated and filled with practical advice for wealthy baby boomers and the financial advisors they rely on.    It explains exactly how to build a personalized and sustainable plan for retirement no matter where life may lead.

Leseprobe

Contents

Acknowledgments

Foreword

Introduction: Where to Begin?

Part I: Redefining Retirement

Chapter 1: It’s All about You (Really It Is)

We versus Me

It’s Time for It to Be All about You

Real Life, Real Money

Wealth Regeneration, What’s That?

Old Money

New Wealth

The Principles

What’s Next?

You Have to Sleep at Night

Chapter 2: The “R” Word

There Are Lots of Us

Now What?

The Hero’s Farewell

What about Me?

What We’ve Learned

Where Do You Fit?

Chapter 3: The Grab Bag of Life

Change Has Impact

Managing Change

The New Rules

Chapter 4: It’s Not Rocket Science

Strategic Planning

Change Management

Financial Forecasting

Risk Assessment

Building Teams

Holding People Accountable

Meaningful Work

You’ve Got This Wired

Chapter 5: Leading in a New Way

What Is Generativity?

Generativity Is Leadership

Have It Your Way

It’s About Regeneration

Part II: The Wealth Regeneration Discipline

Chapter 6: The Concept of the Wheel

Circle to Wheel

Dealing with Change

What’s Next?

You Know How to Do This

Get It Rolling

A Kick in the . . .

Looking at What Happens

Chapter 7: Know Where You Are

Defining Your Wealth

Lifestyle Analysis—How Much Is Enough?

How Sustainable Is Your Wealth?

Toolkit

Chapter 8: Know Who You Are

Recognizing the Crucible

Facing the Questions

Back to the Future

Seriously, Try This Now

And When You Have a Partner

Flow

So Enough Touchy-Feely Already?

Toolkit

Chapter 9: Know Where You Want to Go

Embracing the Endgame

Getting Strategic

Your Purpose

Now for That Vision Thing

How Does It Look from the Top of the Mountain?

Tookit

Chapter 10: What to Do to Get There from Here

Keeping It Real

Begin at the Beginning

Purpose Is the Destination

What’s Nonnegotiable?

What’s Just Ahead?

Then, Get Going

What to Do If You Still Don’t Know What to Do

Finally, Let’s Talk about Money

What If the Scenarios Suggest I’m Spending Too Much Money?

A Word about Investment Policy

You Can Do This

Toolkit

Chapter 11: Rolling It Forward

Have a System

The Quick Look Check-In

The Sit-Down

Now for the Deep Dive

Keeping the Plan

Where the Rubber Most Likely Meets the Road

The Big Picture

When Stuff Happens

What to Share with Your Advisor

The Time Is Now

Chapter 12: Legacy

There Are Challenges

What a Letter of Intent Looks Like

Seriously, This Isn’t That Hard

Legacy Is Generativity in Action

Toolkit

And in Conclusion

Appendix 1: How to Choose a Wealth Advisor

Appendix 2: How to Vet a Personal Financial Forecast

Appendix 3: Cash Flow Management

Appendix 4: Wealth Regeneration Interview Format

Recommended Reading

About the Authors

Index

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Copyright © 2012 by Laird Norton Tyee. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

Wealth Regeneration® is a registered trademark of Laird Norton Tyee Trust Company.

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Library of Congress Cataloging-in-Publication Data:

Krysty, Kaycee W. author.

Wealth regeneration at retirement : planning for a lifetime of leadership/Kaycee Krysty with Robert Moser.

pages cm. — (Bloomberg financial series)

Includes index.

ISBN 978-1-118-27656-3 (cloth); ISBN 978-1-118-33340-2 (ebk); ISBN 978-1-118-33129-3 (ebk); ISBN 978-1-118-33057-9 (ebk)

1. Retirement—United States—Planning. 2. Retirement income—United States. 3. Executives—United States. 4. Baby boom generation—United States. I. Moser, Robert, author. II. Title.

HQ1063.2.U6K79 2013

306.3’80973—dc23

2012020165

For our spouses, Michael and Candy, the people in our lives who hold us accountable and keep us turning the wheel forward. Thanks for all the nudging!

Acknowledgments

This book would not have been possible without the help, support, and wisdom of many people.

First we would like to acknowledge the Laird Norton family. Their openness and rigor in stewarding both their human and financial capital are an inspiration every day. They set the standard for Wealth Regeneration®.

We would also like to acknowledge our many clients over the years who have taught us so much about what it means to lead a generative life and leave a positive legacy. They allowed us to push them and prod them, asking all the difficult questions that went into formulating the ideas presented in this book. We have been honored to be their partner as they plan for Wealth Regeneration. A particular thanks goes to those clients of long standing (and you know who you are) who were willing co-experimenters when we were just taking baby steps.

So many professional colleagues have helped along the way that it is impossible to mention them all. Our desire is to reciprocate, so that more and more individuals and families have good counsel on the road ahead. We would like to particularly acknowledge Jay Hughes, whose many years of mentorship and substantive writings have so clearly informed our work; Bill George, whose work on authenticity has inspired a generation of business leaders; and Pamela MacLean and Frederick Hudson, whose clear-eyed view of change sets the stage for facing the future with intention.

And finally our sincere appreciation to our colleagues at Laird Norton Tyee. Wealth Regeneration is a team sport, and we are privileged to play on the same team as some of the best in the business. To quote Theodore Roosevelt: “Far and away the best prize that life offers is the chance to work hard at work worth doing.” At Laird Norton Tyee we get to do that every day.

Kaycee and Bob

June 2012

Foreword

Generativity or Stagnation? These are the two states of being, the great psychologist Erik H. Erikson, in his book Childhood and Society, offers to those of us either entering or living in the third stage of life. How stark and yet how accurate these two terms are for defining our lives from about 60 to 80. Don’t worry that I am cutting your life short; there is another stage for 80–100, where the two options are Ego Integrity and Despair. Getting the Generative self right creates a high probability that you will have one more stage, the stage of Ego Integrity, toward leaving this life fulfilled and flourishing right to the final second. Despair as the state of one’s being at the end of life? Unthinkable!!!