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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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Date: September 19, 2022
