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All of this is made much worse when the loss comes unexpectedly early. You were planning for years of life, income, and enjoyment, and then suddenly, someone very close to you is gone. How do you react? What do you do now? There are several stages of grief. But at some point, you will have … Read more
10 Ultra-High Net Worth Retirement Mistakes to Avoid at All Costs For ultra-high net worth families, retirement offers the prospect of great reward for your years of hard work. This is the time to enjoy the fruits of your labor and start doing those things you never had time for while burdened with work and … Read more
The surprising truth is, you won’t likely avoid those unwanted feelings in retirement if you use the methods that almost everyone else uses – the ones developed and employed by Wall Street, big banks, and brokerage houses. Keeping reading to discover the three specific steps you can take to secure a retirement of financial serenity … Read more
Sick of Retirement Goals? High Net Worth Secrets Performance Secrets of Consistently Maximizing Retirement Investment Performance “I have calculated that I need a 70/30 portfolio” or “I think I need to make 6-8%” That’s the one of the first things many pre-retiree tell us when we ask them about retirement goals and plans. Many of our … Read more
The surprising truth is – no one is immune from the risk of skyrocketing costs from caring for their aging relatives or friends. Even more surprising, these costs can outpace the costs of caring for children, even those with special needs. Forbes reported on a study estimating that from birth through age 17, the average family … Read more
How to Protect Your Retirement Accounts During High Net Worth Divorce 7 Smart Tips to Ensure Your Divorce Doesn’t Derail Your Long Term Financial Prosperity Divorce is messy. For high and ultra high net worth households and their retirement accounts, divorce is really messy. Depending on how contentious your potential divorce is shaping up to be, you … Read more
There’s a second and related truth to that. Investment performance rises and falls. No one earns market-defying gains year after year. But investment costs – those just keep on coming. While some investment costs are tied to performance, many are not. As you’re about to see, you should stop asking so many questions about performance, … Read more
Withdrawing money from your savings accounts for retirement is more complicated than saving the actual money. Understanding how and when to make these withdrawals becomes a huge problem. You’re up against what we could call ‘The Lord of the IRS: The Two Towers.’ In this case, the towers are required minimum distributions (RMDs) and taxes. … Read more
Demystifying Life-Long Retirement Income Planning Regardless of how much money you save for retirement, the real challenge for a High Net-Worth (HNW) family is to save enough money to live without compromising their lifestyles in retirement. Stabilizing your financial condition once you stop working is the culmination of a well-thought out financial plan. There is … Read more
Traditional Financial Planning Is Hazardous To Your Wealth We have heard and seen many stories over our 18 years as wealth managers. From widows and widowers forced to reduce their retirement income by 30 percent to 50 percent to make their wealth last their lifetime; to retired couples having to sell their homes when their … Read more