Base Capital

Purpose & Objectives

•   Preservation of Capital
•   Income Generation
•   Lifestyle Maintenance
•   Future Needs

Investment Capital Considerations

•   Annual Income Needed
•   Current & Expected Inflation
•   Liquidity
•   Age
•   Distribution Rate/Taxation

Investment Capital

Purpose & Objectives

•   Appreciation of Capital
•   Philanthropy
•   Purchases/Extra Expenses
•   Providing for Future Generations

Base Capital vs. Investment Capital

•   Second Home Purchases/Gifts
•   Growth Oriented Investments
•   Real Estate Investments
•   Hedge Funds/Private Equity
•   Private Business Investments