Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Jeff Altman Founder of Altman Advisory Group, Interviewed on the Influential Entrepreneurs Podcast Discussing Accumulation Phase of Life vs Distribution

Jeff Altman discusses financial strategies for every stage of life

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-jeff-altman-founder-of-altman-advisory-group-accumulation-phase-of-life-vs-distribution/

 Jeff Altman discussed the accumulation phase of life, where individuals build assets through risks and efforts over many years. This phase spans a significant portion of one’s life, during which individuals work, invest, and save to accumulate wealth for the future. Jeff noted that many of his clients are conservative individuals who have taken risks and made efforts to build a nest egg over time. These individuals engage in activities like sports, travel, and family time while working to build their financial assets.

The distribution phase marks a shift from accumulating assets to managing them to enjoy the fruits of labor without the risk of outliving assets. Altman stressed the importance of understanding market volatility during this phase, citing a period from 2014 to 2020 with zero market growth. This highlights the risks individuals face when taking distributions from their assets during such periods.

Altman emphasized the need for a mindset shift as individuals transition from the accumulation phase to the distribution phase. While individuals may have been willing to take risks and seek higher returns during the accumulation phase, the focus shifts to protecting the principal and ensuring a stable income stream during the distribution phase.

To navigate this transition effectively, Altman recommended a diversified portfolio management approach. By using financial products that guarantee the principal while providing opportunities for market gains, individuals can protect their assets during market downturns. This approach allows clients to benefit from market growth while safeguarding their wealth during volatile periods, ensuring a stable income stream during the distribution phase.

Jeff shared: “I focus on strategic planning to ensure that principal is safe creating peace of mind for my clients”

In conclusion, the accumulation phase involves efforts and risks to build assets, while the distribution phase focuses on managing those assets to enjoy a comfortable lifestyle without the risk of outliving wealth. By understanding the differences between these phases and adopting a strategic approach to portfolio management, individuals can navigate financial planning complexities and secure their financial well-being throughout their lives.

 

About Jeff Altman

I have been in the financial services industry for over 50 years. I am a certified financial educator and approved to teach continuing education to CPA’s by the state of Nevada. I reside in Nevada with my wife of 30 years. I have two children and two grandchildren. I am a combat veteran of the Vietnam War and devote time to helping other vets in need. I derive great satisfaction from allowing clients to benefit from my experience

 

Learn More: http://altmanadvisorygroup.com/

 

 

 

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