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Now it is all about wealth preservation.
"This family is into wealth preservation.
"It's not wealth preservation, it's wealth accumulation.
"A lot of what is happening at One57 is about wealth preservation," she added.
Insurance essentially serves as a risk management and wealth preservation tool.
A family that is a bit more conservative and is more interested in wealth preservation, he said, "might do better offering a higher base salary".
Similar(21)
Somewhere just past age 50, wealth preservation--in addition to capital appreciation--must be part of your investment planning.
While the funds have some advantages over previous choices, he said, the problem is that they are being sold as wealth-preservation tools for retirement.
Wealth-preservation efforts -- which are cautious rather than pessimistic -- intensified after last April's Nasdaq crash and continued to rise through the recent market turmoil.
Since then, the controversy has threatened to lift the veil of Swiss banking secrecy, which has driven a vast wealth-preservation industry that over decades has made Switzerland the world's largest repository of hidden wealth.
It is important to remember that, once you retire, you are now in the wealth-preservation phase.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com