Financial Stages
There are broadly speaking two financial stages in your life. Common
sense and your own experience tell you that the goals and priorities
that you have financially are different when you are younger than when
you are older. The approach you take with your money ought to reflect
those changing objectives.
Depending on where you are in life effects the approach you take and
the letters "R.O.I." will stand for two entirely
different things:
Most people, yourself included, probably know
what R.O.I. stands for during the accumulation stage
of your financial life.
However, when you want to preserve and
distribute your assets,
then R.O.I. represents something altogether different.
Notice: this is
not intended as tax, investment or legal advice. Consult a tax, legal,
or financial professional as to the applicability of any financial,
tax, or legal strategy for you.
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