Updates

How do the ultrawealthy spend their free time?

How Do the Ultra Wealthy Spend Their Free Time?

We are all familiar with the old adage, “money can’t buy you happiness,” but there is a common misperception that the ultra wealthy are satisfied spending their lives making and counting their millions. This couldn’t be further from the truth. A recent study published by Wealth-X examined the interests, passions, and hobbies that highnet-worth individuals (HNWI) enjoyed most when they were not busy working. The study revealed that though there […]

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Is Digital Currency Being Used by Wealthy Individuals?

Is Digital Currency Being Used by Wealthy Individuals?

In general, wealthy folks are more open to taking risks with non-mainstream investments because their portfolio is diversified and deep enough to withstand the volatility of high risk/high reward investing. Yet many affluent individuals continue to be wary of investing in cryptocurrency. This may be partly due to the fact that the first form of digital currency, Bitcoin, was introduced just over a decade ago, and questions remain about whether […]

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Cyber Security is a Top Priority for My Clients: Here's Why

Cyber Security is a Top Priority for My Clients: Here’s Why

Owning a business in the digital era has changed the way we think about how to keep our company safe. With the fact that we now store and transfer sensitive information online, protecting your business assets and customer data from falling into the hands of computer hackers requires constant vigilance. The importance of cyber security has grown in response to the enormous amount of information that is maintained in digital […]

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How to save money for your grandchildren

How to Save Money for Your Grandchildren

One of the greatest joys in life is becoming a grandparent. When your adult children start having kids of their own, you will quickly realize that spending time with their babies is a lot more fun than being the one with the child-rearing responsibilities. That said, most grandparents still want to help in any way they can by spending time with their grandkids and/or saving money for their future. Every […]

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HNW Tax Problems

Tax Problems for Affluent Investors

While everyone is subject to taxation on income and investment earnings, high-net-worth individuals pay proportionately higher taxes than their peers in lower income brackets. Consulting with a tax advisor before deciding how best to invest your money can be a critical step in limiting your tax burden. Better yet, a coordinated effort involving anyone who is advising you on how to manage your assets, such as financial advisors, tax attorneys, […]

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How Long Can Family Wealth Last

How Long Can Family Wealth Last?

Protecting existing assets, such as money, a business, properties, and stock market investments is an important way to ensure your wealth is passed down to future generations. With proper financial planning, heirs will benefit from the hard work and fiscal responsibility you practiced in your lifetime. Along with affording a comfortable lifestyle or status, wealth you leave to your children and grandchildren can increase their ability to be successful through […]

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Estate Planning During The Pandemic

Estate Planning Becomes Even More Important During a Pandemic

The U.S. is seeing a steady growth of coronavirus cases as well as explosive increases in deaths. California just became the first state to add more than 30,000 new cases in one day, with Los Angeles County setting a record on December 10th with 12,600 new cases. The COVID pandemic reported in February 2020 will still be with us as we head into 2021. Even though there is hope on […]

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Is it Time to Sell Your Business and Retire?

Is it Time to Sell Your Business and Retire?

If you are like many small business owners, selling your business goes hand in hand with planning for retirement. For some selling their business and using the proceeds to retire comfortably is their only retirement plan. Even among business owners who have funded a traditional retirement savings plan, the majority of their personal wealth remains tied up in their business.  There are multiple factors to take into consideration when you’re ready […]

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What do to if a frivoulous lawsuit has been filed against you

Can You Defer a Frivolous Lawsuit Filed Against You

No one wants to be served with a lawsuit, especially in situations in which the case has no legal merit. While the majority of lawsuits filed in the U.S. involve legitimate claims, there are always frivolous lawsuits filed that have no basis in law or fact. Many wealthy individuals fail to address the threat to their personal wealth that can result from a frivolous lawsuit. Their higher profiles, combined with […]

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The Importance of Wealth Planning for Women Over 50

The Importance of Wealth Planning for Women Over 50

Women in their 50’s and 60’s who find themselves newly single due to divorce or the death of a spouse may run into some unique challenges when it comes to wealth planning and making the transition to financial independence. Facing retirement as a single person probably requires some strategy modifications. In fact, even before making the decision to retire, you will likely need to reconsider what to plan for and […]

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