You can spend decades accumulating assets while several different risks develop around them. A concentrated investment position creates one kind of exposure, an interruption in household income creates another, and an extended care need can put pressure on retirement savings in a completely different way.
Asset protection planning becomes more useful once those risks are separated instead of being treated as one vague need to “protect wealth.” John Mateyko is a Fiduciary Financial Planner and Managing Partner at IDEX Financial, where Asset Protection is one of the firm’s identified planning areas alongside investments, income, tax management, long-term care, and estate planning.
