More than 15 years ago, I got referred to a teacher and her husband who had just won the lottery. I’m not talking about a couple hundred bucks from a scratch-off ticket—they won the whole thing. The prize, before taxes, was probably around $50 million.
The $50 Million Mistake: Planning for Sudden Wealth
How Florida Is Outgrowing Old Money Financial Advisors
A few years ago, my family and I joined the ranks of newly minted Floridians. Our move to Florida was driven by a number of factors, among them were the appeals of the tax environment and the all-winter outdoor weather. It’s been wonderful calling Florida home.
How to Build a Resilient Retirement Timeline
While retirement can be filled with rewarding milestones, it doesn’t always follow a precise
timeline. More significantly for executives, their peak earning years can experience a wide range
of financial changes. You may experience everything from highly valuable equity compensation
to liquidity events to layoffs. With such a range of financial variables, we want to help clients
plan for flexibility and freedom in their retirement timeline.
Should I Sell My Employer Stock
We get this question often from clients who work at great companies, whose stock performance has been extremely strong. Some of our clients have built significant wealth by holding onto their employer stock. As Warren Buffett likes to say, “It’s not a bad thing to keep the tax man away from your pocket for as […]
What We’re Thinking About During Tax Returns
Tax planning isn’t just about crunching numbers—it’s about making sure your money is working for you in the most efficient way possible. The best strategies aren’t always the most obvious, and sometimes, a little creativity can go a long way.
4 Things We Wish More Families Knew About College Funding
Funding college is among the most significant–and expensive–decisions families face. Even for families with plenty of money, it’s one of the largest investments they will make. The role of financial planning is to create a thoughtful path to save for and fund the ideal college selection you want for your kids or grandkids.
The Intersection of Marriage & Money
One of the first pieces of advice I received as a young advisor had to do with how best to serve couples. Never work with just one spouse without the other one being present. (At least, most of the time.) As just about any married couple can attest, financial conversations are never just about money.
Setting Accurate Expectations with Our Financial Planning
As we reflect on the past year and look ahead to the future, it’s an excellent time to reassess where we stand financially and recalibrate our goals. One of the core principles of successful financial planning is managing expectations—a concept that plays a vital role in pursuing long-term financial stability.
How to keep your money safe
What happens if my bank fails? How can I protect my money? Should I switch banks? I’ve been fielding questions like these since the recent failures of technology-focused Silicon Valley Bank (SVB) and Signature Bank. Google has too. The search engine’s data reveal that the week the two banks buckled, there was a 43% increase […]
Why divided government can be good for your portfolio
You’ve likely seen the “gridlock,” “polarization” and “stalemate” headlines to describe what the state of affairs will likely be in Washington, D.C., over the next two years of divided government. As an American, it can feel deflating, no matter which party you ascribe to.