Financial Planning

Summertime is here at last! If you haven’t made plans already, there’s a good chance you’re thinking about where you’d like to spend the warmer months this year. 

With graduation season just around the corner, now is a good time to think about how you’ll pay for your child’s or grandchild’s college education. The rising costs of higher education can make financing college challenging even for affluent families — especially if you plan to send your children to private universities.

Individuals and families choose to give money to charitable organizations for many different reasons. Sometimes, these reasons are personal — for example, to support a specific cause or organization or to leave a personal or family legacy.

After spending decades working long hours as an entrepreneur or executive, you may be dreaming of the day when you can enter a leisurely and relaxing retirement. You might even be thinking about retiring before what is generally considered to be the traditional retirement age in the U.S. of 65 years old.

If you’re like many successful Americans, you may find it hard to achieve the right work-life balance. Two-thirds of U.S. employees currently say they don’t believe they have a proper work-life balance while one-third say they regularly work on weekends and holidays. 

A growing number of couples and individuals today are facing the dual challenge of raising children while also providing financial and caregiving support for aging parents. Sometimes referred to as the “sandwich generation,” many of these families are dealing with both emotional and financial stress as they balance these competing responsibilities and demands.

If you’ve ever thought about moving to Florida, you’re certainly not alone. Many affluent New Jersey residents have considered both the financial and lifestyle benefits of relocating to the Sunshine State.

Whether or not to pay off your mortgage early is an important decision. When you own a home, and are making regular payments, it’s natural to think about how nice it would be to eliminate mortgage payments every month. However, before you decide to put a large chunk of capital towards your mortgage, consider the following factors.