We no longer support this browser. Using a supported browser will provide a better experience.

Please update your browser.

Close browser message

Wealth Planning

Preserving your wealth

Managing factors within your control that impact your wealth, such as spending and saving, and preparing yourself for factors you cannot control, such as down markets and changes in financial and tax policy, are essential when thinking about how to hold and invest your wealth. Whether your goal is to enjoy your wealth during your lifetime, create a lasting legacy for your family members, engage in philanthropy, or all of the above, there are multiple factors that can affect whether you will have sufficient assets to achieve your goals.

Know and monitor your spending

Monitoring spending is a critical factor in preserving wealth, in particular because your spending is within your control. Expenses generally fall into two categories: necessary spending (e.g., housing costs, food) and discretionary spending (e.g., restaurants, vacations, gifts, second residences). Monitoring your spending is an easy way to identify discretionary spending that can be curtailed if necessary. This includes reducing spending not only in times of global or market uncertainty, but also when expenses arise that were unexpected but become necessary over time (e.g., caring for an aging parent, home improvement).

Your spending habits and rate of savings can also impact your ability to retire. A low current spending rate coupled with a high current saving rate could provide for sufficient future income to allow you to retire earlier than anticipated. On the other hand, spending more now may require that you continue to work past your desired retirement age in order to amass sufficient savings to provide for retirement.

Knowing your spending habits will enable you to adapt them as necessary from time to time; this can have a meaningful effect on whether your portfolio will be able to last for the long term and enable you to retire when you’d like.

Benefits of diversifying a portfolio

Diversifying your portfolio can also help ensure that your wealth is positioned well to bear the brunt of forces beyond your control (e.g., market volatility and changes in tax policy). While it is almost impossible to eliminate the wealth-eroding effects of external forces, there are ways to temper them. Asset allocation is one of the most effective long-term investment techniques. Asset allocation generally can be more significant than asset selection or even market timing when considering the likelihood of a portfolio’s success, since it balances an investor’s risk tolerance (i.e., willingness to take risk) against his or her financial situation and risk capacity (i.e., ability to take risk and potentially lose money). Though the returns of a fully diversified portfolio may not always be as high as they might otherwise be with a less-diversified portfolio, losses are usually lower, which can help to protect an investor’s wealth in times of financial decline.

A holistic view of your portfolio, with an eye to the long term, can help to set you on the path to live the life you want to live and leave the legacy you want to leave. Contact your J.P. Morgan Advisor to review or create a wealth management plan that helps protect against wealth erosion.


This material is intended for educational and information purposes only. This material is intended to help you understand the financial consequences of the concepts and strategies discussed here in very general terms. The strategies discussed often involve complex tax and legal issues, which require discussion with a qualified tax and legal advisor. JPMorgan Chase & Co., its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.


We believe the third party information contained in this material to be reliable and have sought to take reasonable care in its preparation; however, we do not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. We do not make any representation or warranty with regard to any computations, graphs, tables, diagrams or commentary in this material, which is provided for illustration/reference purposes only. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of J.P. Morgan or views expressed for other purposes or in other contexts, and this material should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circumstances. Forward looking statements should not be considered as guarantees or predictions of future events. All examples, case studies and scenarios are shown for illustrative purposes only, are not a guarantee of future results and should not be relied upon as advice or interpreted as a recommendation.

Risks, Considerations and Additional Information
There may be different or additional factors which are not reflected in this material, but which may impact on a client’s portfolio or strategy. The information contained in this should not be relied upon in isolation for the purpose of making a decision. Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document is intended to constitute a representation that any investment strategy or product is suitable for you. You should consider carefully whether any products and strategies discussed are suitable for your needs, and to obtain additional information prior to making an investment decision. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees, irrespective of whether or not such communication was given at your request.

“J.P. Morgan Securities” is a brand name for a wealth management business conducted by JPMorgan Chase & Co. and certain subsidiaries. J.P. Morgan Securities offers investment products and services through J.P. Morgan Securities LLC, member FINRA and SIPC. Bank products and services are offered by JPMorgan Chase Bank, N.A. and its bank affiliates.

Investment Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

©2019 JPMorgan Chase & Co. All rights reserved. 

Wealth Planning

Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck

To learn more about J. P. Morgan’s investment business, including our accounts, products and services, as well as our relationship with you, please review our  J.P. Morgan Securities LLC Form CRS and  Guide to Investment Services and Brokerage Products.

This website is for informational purposes only, and not an offer, recommendation or solicitation of any product, strategy service or transaction. Any views, strategies or products discussed on this site may not be appropriate or suitable for all individuals and are subject to risks. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circumstances of an investor's own situation. 

This website provides information about the brokerage and investment advisory services provided by J.P. Morgan Securities LLC (“JPMS”). When JPMS acts as a broker-dealer, a client's relationship with us and our duties to the client will be different in some important ways than a client's relationship with us and our duties to the client when we are acting as an investment advisor. A client should carefully read the agreements and disclosures received (including our Form ADV disclosure brochure, if and when applicable) in connection with our provision of services for important information about the capacity in which we will be acting.


Equal Housing Opportunity logo

J.P. Morgan Chase Bank N.A., Member FDIC Not a commitment to lend. All extensions of credit are subject to credit approval 

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

Please read additional Important Information in conjunction with these pages.