Category: Financial Planning

Long Lives & Tech Leaps: The Role of Generational Wealth Today

We continue to see the promising potential for extended life spans in an age of rapidly advancing technology and medicine. If you are 20, you have a 50% chance of living to be 100 or more. If you are already 60, you have a 50% chance of living to be 90 or more. Plus, there are emerging technologies that could extend lifespans even longer.    While this is a somewhat futuristic perspective, we should ask ourselves: Are we prepared for our […]   Read More
Date: August 28, 2023

Why High-Net-Worth Individuals Need a Fee-Only Fiduciary Financial Advisor

Navigating financial markets can be as challenging as sailing uncharted waters. For high-net-worth individuals, these waters can often be laden with an even greater array of complex financial decisions, strategies, and outcomes. What is a realistic solution?  Hire an experienced guide. But not just any guide. Hire a fee-only financial advisor who, as a fiduciary, must put your financial interests first. In this blog, I’ll explain why highly successful individuals like yourself should consider working with a fee-only, fiduciary financial […]   Read More
Date: June 26, 2023

Will the Economy Always Be Like This?

Without an adequate understanding of where their financial security stands in times like these, even high-net-worth investors sometimes feel as though stability is out of reach. However, with a firm grasp of economic trends and practices—and the insight for making informed investment decisions when times are tough—there is hope for a prosperous future.  The important thing now is to remember that we aren’t in a recession, not yet. It looks increasingly likely for the fourth quarter of the year or […]   Read More
Date: May 22, 2023

Getting Defensive Against a Recession

Affluence can make it easy to believe that you are immune to economic downturns. After all, it typically involves having substantial assets, investments, and resources at your disposal. History has shown us time and again, however, that even the wealthiest individuals can be impacted by financial crises. That is why it’s essential to prepare for a 2023 recession: You need a solid plan in place to protect your savings and assets. In the sections below, I discuss the unique challenges […]   Read More
Date: May 8, 2023

How a Roth Conversion Could Lower Your Tax Costs

Now more than ever, even high-net-worth individuals should be looking for ways to reduce taxes. Inflation, like market volatility, affects everyone: Having a million dollars in a savings account today may buy more goods and services than it could tomorrow. With this in mind, a Roth conversion could be an option worth exploring if you want to reap the benefits of reduced taxes and greater financial flexibility.  In a sense, this allows you to have a little cake and eat […]   Read More
Date: January 23, 2023

Festive Lights & Financial Planners in Connecticut

The holidays are supposed to be a time for cheer and relaxation, but for many affluent investors, they can also be a time of stress. Between trying to find the perfect gifts and spending time with family, it can be hard to focus on your financial life in general, much less your investments.  That’s where wealth management comes in: The right professional can help you relax more—by taking care of your investments for you. While you recharge, mentally and physically, […]   Read More
Date: December 13, 2022

It’s Tax-Loss Harvest Season

Happy Thanksgiving! I hope your holiday is meaningful, safe and happy. However—with an appreciation for the beloved November holiday—there is another, less celebrated time that we can recognize this year, as well.  It is not just harvest season; it’s tax-loss harvest season. In times when even the affluent can be at risk of losing wealth to inflation, that’s a good thing. This article explains these topics:  Tax-loss harvesting: what is it & how does it work? Even the affluent need […]   Read More
Date: November 21, 2022

Is Your Financial Advisor Overcharging You?

As you get older, it’s important to have a financial plan in place. This can help to make sure your golden years are secure and comfortable—and for most people, that means hiring a wealth manager. However, with so many options on the market, it can be difficult to know whether your financial advisor is really making the best decisions for your money over the long term.  If you’re concerned that you might be getting overcharged, there are some signs to […]   Read More
Date: September 19, 2022