1. Waves and Squalls
&
Tides and Currents
Navigating to Your Number
Joseph R. Birkofer, CFP ®
Principal
Legacy Asset Management, Inc.
713-355-7171
jbirkofer@legacyasset.com
www.legacyasset.com
5. Currents
Male 85 92
Age 65
50% chance of 25% chance of
living to 85 living to 92
88 94
Female
Age 65 50% chance of 25% chance of
living to 88 living to 94
92 97
Couple
At least one person
(Both Age 65) 50% chance of has a 25% chance
living to 92 of living to 97
5
6. Business Owners Focus:
Waves and Squalls
Sales
Supplies
Human Resources
Competition
Regulation
Risk management
7. Boomer Business Owners
High Tide Low Tide
Sellers market Buyers market
Competitive advantage No barriers to entry
Strong staff Disengaged employees
Loyal customers Commodity customers
Exit strategy One day at a time
8. A rising tide raises all boats.
A falling tide shows who is swimming
naked!
10. What does all of this nautical terminology
have to do with your “Number” ?
Your “Number” is not a dollar amount
Your “Number” is the Location you are
trying to get to
15. Provision Planning
How are you going to eat?
How will you stay sheltered?
How will you stay healthy?
How will you manage illness?
How are you going to enjoy Life?
How will you leave a Legacy?
20. Paying for the Journey
With the Course planned out,
With the Costs of provisioning known,
With the Vessel shipshape and the crew at the
ready:
21. Paying for the Journey
Calculating the cost for the journey becomes a
pretty straight forward exercise
Finding the right “Sponsor” becomes a function of
“when”, not “hope.”
22. Paying for the Journey
There will still be waves and squalls to contend with
but there will a plan, and pilots, to guide you.
23. Questions & Comments
Thank You!
Joseph R. Birkofer, CFP
Principal
Legacy Asset Management, Inc.
713-355-7171
jbirkofer@legacyasset.com
www.legacyasset.com
24. Gary Cooper, CPA Carlos Lopez Joseph Birkofer Matt Register
Succession Planning Auditing Wealth Management Investment Banking
Director
Patrick Murphy Darrell Hail Devin Hunter Don Kelly
Attorney Risk Management Human Resources Strategic Planning
www.forwardresults.com