5 Big Mistakes Executors Make and How to Avoid Them
A client of mine recently came to me for advice. He’d just been named the executor of a friend’s estate and though he’d accepted the job with a lot of joy, he confided in me how nervous he was. It was a huge honor, but he’s a smart guy. He knows what a giant responsibility […]
Shapes of Economic Recovery
The National Bureau of Economic Research, or the NBER, announced on June 8, 2020, that February of that year marked the beginning of a recession. The NBER defines a recession as “a decline in economic activity that lasts more than a few months.” Another common definition of a recession is two or more quarters of […]
How Tax Planning Changes Through 4 Stages of Retirement
Every year, more clients are shocked by how much they have to pay in taxes. Whether it’s their IRA, 401(k), or another tax plan, they seem less prepared every year, and that’s understandable. Everyone knows the tax code is a convoluted mess, but few realize just how many hidden penalties lurk in the paperwork and […]
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The Many Benefits of Building a Family Brand
A brand is what a company’s known for — may it be their tagline, logo, statement, or image that relates to them. It is something that immediately communicates with your customers, and for many entrepreneurs, branding helps define the company’s mission and values. However, is branding just for businesses? Let’s stop for a moment and […]
Is a Private Wealth Management Firm for You?
For a long time, the Super Rich (those with a net worth of $500 million or more) have had connections to the most outstanding financial advisors for their specific situations. They’ve been able to join forces with those professionals via family offices, something with which you might be familiar. Family offices, in essence, are organizations […]
Wealth Planning: What Is Private Wealth Management? Why Does It Matter?
The world of private wealth management is so important to people just like you — high-net-worth individuals and their families, and those who are quickly becoming wealthier. There are a lot of moving parts involved in managing high-value estates, businesses, assets, and portfolios, and it’s far too common for predators and pretenders to look for […]
3 Mistakes to Avoid in Retirement Planning
It’s easy to get overwhelmed just thinking about preparing for retirement. With so many variables to consider, it’s hard to know what you should do about developing a strategy for retirement income. If you’re having trouble wrapping your hands around what you should do, you might want to begin by focusing on what you shouldn’t do. Here are three […]
Long-Term Care: Should I Insure or Self-Fund?
https://www.youtube.com/watch?v=l4Xds9rC3hI&t Transcript: Crystal Oculee: Hi, I know you joined us a couple of weeks ago, or I should say probably a month ago, not even a couple of weeks ago. Time flies by when you’re on a lockdown during 2020, right? Sometimes it freezes, sometimes it passes by. We had a longterm care Q and […]
Dealing with Periods of Crisis
Transcript: A crisis is a turning point, a time when you have to make crucial decisions that will affect your future. While you can’t have a plan to deal with all possible risks, you can plan for likely and unlikely events. Any plan you make for dealing with a future crisis should be flexible. One […]