Tag: high net worth individual

Tactical Social Security Planning for High Net-Worth Individuals

As you approach retirement, understanding the impact of Social Security becomes a significant piece of an already complex puzzle known as retirement planning. For affluent individuals, the challenge isn’t just about choosing when to start benefits but also knowing how those choices impact your taxes and retirement income.  You might be wondering:  When is the best time to claim benefits?  How will this affect my taxable income?  Should my spouse and I coordinate our claims?  Are there tactical planning tips […]   Read More
Date: May 13, 2024

Are You Affluent? Understanding How Heritage Capital Defines Wealth

When I speak with people about managing their money, it always surprises me how often they don’t believe they are affluent or considered “high-net-worth,” even if they have $500,000 or more of investable assets. Since this happens fairly often, I decided to write a blog based on the true definition of wealth because it means different things to different people. Determining wealth is a personal journey that goes far beyond mere numbers. It’s about matching your life goals and values […]   Read More
Date: March 11, 2024

Today’s Millionaires: Exploring What “High Net Worth” Really Means

Many individuals and families we provide wealth management services do not consider themselves rich or categorized as “high-net-worth” when they should be. So, what does it really mean to be a high-net-worth individual? In today’s blog, we’ll examine what it means to be a high-net-worth individual and explore how far $1 million will last during your retirement years.  As an independent, accredited investment fiduciary in New Haven, CT, we specialize in helping high-net-worth individuals create sophisticated retirement plans that set […]   Read More
Date: February 12, 2024

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