Accumulation is almost always where investing starts. You may find yourself trying to pin down how and where to start. You might find yourself eligible for your company’s 401(k). You might find that you’ve noticed you are starting to grow a surplus in your bank savings. Or maybe your CPA or tax preparer is recommending you start putting money aside for retirement or they keep saying the words “tax deduction.” In the Accumulation phase, you start to grow the snowball that will become your future wealth. The sooner you get started, to more time you’ll have to let the power of compounding work to your advantage. Delaying that first step never cuts off the front-end of the accumulation curve.

Accumulation also involves choosing the right investment vehicle such as 401(k)s, IRAs, Single Name Accounts, Roth IRAs – each comes with its own set of rules and benefits. Your Wealth Advisor has the knowledge to guide you through the choices that today will help you grow that snowball into the retirement of your dreams. When you stick to your investment strategies and commit to Accumulating financial assets, that snowball could grow enough to get you to wealth Preservation.