Financial Planning

The 2020 election has proven to be one of the most contentious in recent history. Pair this with the fact that 2020 has been anything but ordinary and you have an election year truly like no other. In our Market Insights piece published on October 7th, our Head of Investment Research Wayne Yi considers the impact that the 2020 presidential election could have on financial markets. In this piece, it is my hope to explain what each candidate’s proposed tax plans would mean for Americans. Let’s look at some of the key differences between the tax plans being presented by the two candidates leading up to the 2020 election.

Turning 62 is a milestone to be celebrated. At this point in your life you’ve built a career that you can be proud of and you may be starting to think about what’s next.

As the primary breadwinner, what would happen to your family if something were to happen to you? Would your family have to sell the house? Move to a more affordable neighborhood? Switch schools? Or would your family have enough money to last a lifetime?

Almost half of Americans say running out of money in retirement is their number-one fear.[1] Their second biggest fear is declining health. Although these two fears may seem independent, they’re actually related. The state of your health in retirement can be a major determining factor in how long your money lasts.

If you’ve worked at multiple companies throughout your career, you probably have accumulated several different retirement accounts. You may even have so many accounts that it’s hard to keep them all straight.

The dream for many entrepreneurs is to start a business, grow it, and then sell it for top dollar before moving on to the next chapter of their lives. The key to making all this come true successfully is to be clear on what it is you want to accomplish and to plan accordingly. 

Do you want to leave a lasting legacy that spans generations to come? If you’re like most of our clients, the answer is a resounding yes! And while this is a noble goal to have, many wealthy individuals underestimate the unique challenges that come with leaving behind generational wealth. Today we’re going to talk about the top 5 financial planning challenges of generational wealth (and what you can do to combat them).

When you are part of a successful family, the intricate details of wealth and lifestyle management can be overwhelming. Thankfully, there are people dedicated to helping families build and preserve their wealth while managing the complex challenges that come with it. My long career has been focused on doing just that.