The Reby Way to Lifestyle Sustainability™ – Four Step Process
- The Life Transformation Clarifier
The first step in the Reby Way to Lifestyle Sustainability™ is to arrange a mutually convenient time as we extend a complimentary consultation with one of our experienced financial planning teams. It is in this exploratory meeting that the following will be explained and discussed:
- How we can strive to minimize the risks to your family’s lifestyle by analyzing your entire financial picture in a measurable way!
- What has to happen in the next three to five years for you to look back and feel happy about your progress?
- What are the dangers, opportunities, and strengths (D.O.S.) in your family’s financial situation?
- How our proprietary Lifestyle Sustainability Scorecard™ might benefit you.
- How you can take steps now to possibly minimize the risk of outliving your assets and income.
- What you can do to potentially improve and strengthen what you have already begun.
- How we earn our fees for advice as a fiduciary in a fee-based manner.
- The next step!
- The Lifestyle Preservation Enhancer
The second step in the Reby Way to Lifestyle Sustainability™ includes the following in a formal document you own:
- Provide an analysis of the possibility of outliving your income and assets.
- How to potentially improve your Return on Behavior by remaining flexible.
- We strive to increase the possibility of sending less of your hard earned money on a one-way trip to Washington, D.C. (Income Taxes).
- A detailed understanding of your income capability (explaining your "three legged income stool").
- The importance of your Lifestyle Sustainability Score™ and what advice is recommended to help improve your score.
- Explanation of Step III
- The Lifestyle Sustainability Solidifier
The third step in the Reby Way to Lifestyle Sustainability™ is about clarity, direction, confidence and comfort.
- Let us review the prospective opportunities after you have digested the formal proposal.
- Develop consensus in the recommendations (where we can) based on your comfort level.
- The importance of an Investment Policy Statement as a fiduciary.
- Explain Step IV as an introduction to a potential long-term relationship.
- The Expectations for Lifestyle Sustainability
The fourth step in the Reby Way to Lifestyle Sustainability™ focuses on expectations and includes the following:
- We will explain how to “keep score” of your financial progress in a systematic way.
- We will explain in detail what you can expect from us in a potential long-term relationship throughout a calendar year.
- We will explain the roles and responsibilities of your advisory team and how they can be accessed in a timely manner.
- We will explain how we report to you.
- We will explain how we earn our fees for advice on an ongoing basis including our fiduciary responsibility.
- We will ask for feedback on how we can improve our Four Step Process.
This material is meant for general illustration and/informational purposes. Investors should note that there are risks inherent in all investments. There is no guarantee that a diversified portfolio will outperform a non-diversified portfolio in any given market environment as no investment strategy can guarantee a profit or protect against loss in periods of declining values.
LIFESTYLE SUSTAINABILITY SCORECARD™
Our Lifestyle Sustainability Scorecard™ is a pragmatic, four step proprietary financial assessment and planning tool designed to measure how well you are minimizing the risks to your family’s lifestyle.
Life Policy Clarifier
- Are your goals adequately documented and clear?
- Are your assets aligned properly toward your short and long term goals?
- Are your goals still on track?
Liquid Purpose Fund
- Have you set aside sufficient funds for unplanned expenses?
Income Capability
- Do your portfolio withdrawals allow for a lifetime of income?
- Is your income protected from catastrophic illness or death with proper insurance planning?
- Have you protected your income generating assets from liability risks?
- What is your asset withdrawal rate that will allow you not to exceed your speed limit?
Lifestyle Preservation Enhancer
- Addressing the issue of living longer than you are supposed to.
- The importance of your income growing with rising prices and taxes.
- What is more important than your average rate of return?
- The dangers of buying high and selling low.
- Identify your sources of income, i.e., portfolio, annuities, pensions, etc.
Income Tax Minimizer
- Are you sending too much of your income on a one way trip to Washington, D.C.?
Legacy Assurance
- Identify level of tax efficiency and certainty of legacy.
- Are your documents outdated or incomplete?
IndependenceAssurance
- How important is it for you not to be a burden to your loved ones?
Debt Management
- Review debt impact on lifestyle continuation.
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.