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Harold is a middle-aged man living a peaceful suburban life with his family. He has accumulated quite some wealth through operating a small business. He wants his assets and wealth to be proportionately distributed between his wife and children. Harold hires an attorney to create a document specifying this distribution. Which phase of the financial life cycle is Harold in?

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the answer is wealth distribution phase
Tundexi

The phase of the financial life cycle that Harold is in is known as the wealth distribution phase.

What happens in wealth distribution phase?

In this distribution phase, an individual do no longer work and are usually in retirement and their assets are now producing the income for them to live on.

They also tend to distribute their wealth proportionately between his wife and children.

Therefore, the phase of the financial life cycle that Harold is in is known as the wealth distribution phase.

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