Giving Strategically: Maximizing the Impact of Your Charitable Contributions
If you’re helping support your parents and your kids at the same time, you already know how it feels: there’s never quite enough time, attention, or money to go all the way around. This stage of life has a name, the sandwich generation, and if you’re in it, you’re not alone and you’re not failing […]
Selling a business to an outside buyer is not one decision. It is a sequence of them, and most of the ones that determine the outcome get made long before a buyer is in the room. Who the likely buyer is, how clean the books are, how dependent the business is on the owner, and […]
Putting together a trust, a will, and the related healthcare and financial documents can feel like a project that gets pushed to “someday.” Our estate planning service was built to remove that friction. Instead of open-ended legal drafting, we pair you with a purpose-built software platform and sit with you, in person or over Zoom, […]
A retirement income plan converts accumulated savings into predictable cash flow. It answers three questions: how much is needed each year, which accounts that money comes from, and in what order those accounts are drawn. The work is different from saving for retirement, and it calls for a different set of decisions. Here is how […]
Choosing a financial advisor comes down to four things: whether the advisor is held to a fiduciary standard, how the advisor is paid, what credentials the advisor holds, and whether the advisor regularly works with people whose situation resembles yours. Office location, firm size, and marketing polish matter far less than those four answers. Those […]
A trust or will isn’t a document you sign once and forget about. It’s built around your life at a specific moment, and life doesn’t hold still. Below is a checklist of the life events that most often mean it’s time to take another look.
“We’ll change our will to leave you less—or nothing at all!”
In the heat of a moment, it’s a threat some parents use to gain leverage over their kids. But in reality, with a correctly written estate plan, a will often has very little power.
Here’s why…
Many of our clients with closely held businesses have plans to one day transfer ownership to their children, and our last two articles have focused on how to keep the peace when financial stability isn’t the primary goal for the first generation. But not everyone has children to inherit the family business, and others have kids who simply aren’t interested in taking over.
I mentioned in my last article that I’ve experienced family business from multiple angles.
Many of my clients are successful business owners who, when it comes time to retire, don’t need a substantial profit from the sale of their business to support their retirement lifestyle.
Financial planning isn’t something you do one time; it’s a way of continually tracking your financial progress toward your goals.
Charitable contributions can be a meaningful way to live out your values and support causes you care about. For high-net-worth individuals, they can also enhance your overall financial plan—making it important to give intentionally and strategically.
Selecting a financial advisor is one of the most important decisions anyone will make in their financial journey, but it is especially critical for women of high net worth. You face unique challenges and opportunities others do not, and working with a knowledgeable and empathetic advisor can help you navigate complex financial scenarios with confidence and peace of mind.
We spend our lives building wealth to support ourselves during our retirement. If we are successful with this task, we find ourselves living off our nest egg’s earnings, not taking away from the principal. When this is the case, the question of how to pass the wealth on to the next generation, or generations, can become a topic that needs to be addressed.
We spend our lives building wealth to support ourselves during our retirement. If we are successful with this task, we find ourselves living off our nest egg’s earnings, not taking away from the principal. When this is the case, the question of how to pass the wealth on to the next generation, or generations, can become a topic that needs to be addressed.
“Put money in the retirement plan—get started early in life so you’ll have a bigger account when you get older.” “Dollar cost average into the plan, so when markets go down, you’re buying cheaper.” “You don’t pay any tax now; you pay it later, when you’re in a lower tax bracket…” —Wait, what? All this […]
According to ChamberOfCommerce.org, 99.9 percent of businesses in the United States are “small businesses.” But they define small business as 500 employees or less. That’s a pretty big number to be “small.” When I think of small business, I think of “family-owned business”—the kind where a family works together. And when a family works together, […]
Divorce can be one of the most stressful life events you will ever experience. You shouldn’t have to make decisions that will affect the rest of your life without the help of a divorce financial professional. We specialize in helping people facing divorce make financial decisions with confidence.
Last week I spoke with a client who was excited to tell me he had left his job and started his own consulting company. I was happy for him, and as his advisor, was curious to learn more about it. Learn more about our conversation.
Once all the paperwork has been filed and approved by the court, you are officially moving on to your post-divorce life. Before too much time passes, be sure to address these steps to get you started on the right path.