#wealth-management

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#personal-finance

How younger Americans can avoid the most common regrets we heard from over 3,300 older Americans

Many older Americans regret not preparing adequately for retirement.
Starting to save early is crucial to avoid retirement regrets.
Financial setbacks can significantly impact retirement security.

I just inherited a little over $100k and at 44 years old, I have zero saved up and nervous that I will mismanage this opportunity

Inheriting wealth requires financial literacy to manage it responsibly and avoid mismanagement.
Anxiety about managing newfound wealth indicates a willingness to learn and make informed decisions.

My brother just burned through $1.4 million of his trust fund - these were his big mistakes

Siblings can manage inherited wealth very differently, affecting family dynamics and financial legacies.

My horses cost me $20k a year - can I still retire early and keep my passion?

Prioritize personal financial goals over generic rules; early retirement is achievable even with high hobby costs.

I'm 29 and inherited $6m in real estate, but I came from humble beginnings and not sure how to go from here

Inheriting large sums of money can lead to unexpected emotional struggles, even as it promises financial relief.

Ramit Sethi says this "super conservative calculation" can still turn a low-earner into a millionaire

Ramit Sethi emphasizes simple yet effective strategies to achieve a $1 million net worth based on investing time and amount.

How younger Americans can avoid the most common regrets we heard from over 3,300 older Americans

Many older Americans regret not preparing adequately for retirement.
Starting to save early is crucial to avoid retirement regrets.
Financial setbacks can significantly impact retirement security.

I just inherited a little over $100k and at 44 years old, I have zero saved up and nervous that I will mismanage this opportunity

Inheriting wealth requires financial literacy to manage it responsibly and avoid mismanagement.
Anxiety about managing newfound wealth indicates a willingness to learn and make informed decisions.

My brother just burned through $1.4 million of his trust fund - these were his big mistakes

Siblings can manage inherited wealth very differently, affecting family dynamics and financial legacies.

My horses cost me $20k a year - can I still retire early and keep my passion?

Prioritize personal financial goals over generic rules; early retirement is achievable even with high hobby costs.

I'm 29 and inherited $6m in real estate, but I came from humble beginnings and not sure how to go from here

Inheriting large sums of money can lead to unexpected emotional struggles, even as it promises financial relief.

Ramit Sethi says this "super conservative calculation" can still turn a low-earner into a millionaire

Ramit Sethi emphasizes simple yet effective strategies to achieve a $1 million net worth based on investing time and amount.
morepersonal-finance
#financial-planning

We are in our 50s with $8 million in net worth and are worried about telling our children just how much money we really have

Not revealing the exact inheritance amount can help maintain a child's motivation and drive for personal success.

Mega Millions Lottery Hits $1.15 Billion - Here's What Not To Do If You Win

Winning $1.15 billion in Mega-Millions raises important financial and lifestyle questions for winners after taxes are taken into account.

My mother is 71 and wants to withdraw her entire 401(k) by January 2025 - is this advisable?

Many workers have not fully utilized the benefits of 401(k) retirement programs, leaving many retirees with insufficient savings.

I'm about to turn 50 and have saved millions - why am I still unsure if I can retire comfortably?

Retirement involves mental readiness alongside financial preparedness; many struggle with this transition, causing anxiety about retirement.

I just inherited $1 million worth of a single stock - what should my first investment move be?

Diversifying investments is crucial to mitigate single-stock risk when inheriting significant shares.
Hiring a wealth planner can provide valuable guidance for managing inherited stock portfolios.

What Can We Learn from Shannon Csapilla?

Shannon Csapilla's journey teaches that small decisions can lead to significant life changes and emphasizes personalized planning in wealth management.

We are in our 50s with $8 million in net worth and are worried about telling our children just how much money we really have

Not revealing the exact inheritance amount can help maintain a child's motivation and drive for personal success.

Mega Millions Lottery Hits $1.15 Billion - Here's What Not To Do If You Win

Winning $1.15 billion in Mega-Millions raises important financial and lifestyle questions for winners after taxes are taken into account.

My mother is 71 and wants to withdraw her entire 401(k) by January 2025 - is this advisable?

Many workers have not fully utilized the benefits of 401(k) retirement programs, leaving many retirees with insufficient savings.

I'm about to turn 50 and have saved millions - why am I still unsure if I can retire comfortably?

Retirement involves mental readiness alongside financial preparedness; many struggle with this transition, causing anxiety about retirement.

I just inherited $1 million worth of a single stock - what should my first investment move be?

Diversifying investments is crucial to mitigate single-stock risk when inheriting significant shares.
Hiring a wealth planner can provide valuable guidance for managing inherited stock portfolios.

What Can We Learn from Shannon Csapilla?

Shannon Csapilla's journey teaches that small decisions can lead to significant life changes and emphasizes personalized planning in wealth management.
morefinancial-planning
#financial-independence

We're in our mid-30s with no kids and $4 million saved - do we have enough to quit our jobs and travel the world?

A couple in their mid-30s has achieved financial independence with $4 million, allowing for early retirement and travel opportunities.

My wife makes over $1 million per year and is now demanding post nuptial agreement - is it a smart idea to sign it?

Wealth doesn't protect against relationship issues, illustrating the complexities of financial and emotional bonds in marriage.

I'm only 28 but a lucky stock pick has pushed my net worth to over $3 million - should I realistically stop working?

Transitioning from accumulation to management of wealth is mentally challenging, despite having financial independence.

I'm 36 and have amassed $6 million through "boring" investments - why do the rich old guys I know seem to do things so differently?

Diverse perspectives in retirement planning yield better strategies, contrary to popular Reddit advice.

Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks

Passive income allows for revenue generation with minimal ongoing effort, aiding financial independence and expense coverage.

I'm worth over $20 million but I still insist on renting almost every luxury in my life

Renting luxuries can save substantial money, challenging traditional views on ownership in financial planning.

We're in our mid-30s with no kids and $4 million saved - do we have enough to quit our jobs and travel the world?

A couple in their mid-30s has achieved financial independence with $4 million, allowing for early retirement and travel opportunities.

My wife makes over $1 million per year and is now demanding post nuptial agreement - is it a smart idea to sign it?

Wealth doesn't protect against relationship issues, illustrating the complexities of financial and emotional bonds in marriage.

I'm only 28 but a lucky stock pick has pushed my net worth to over $3 million - should I realistically stop working?

Transitioning from accumulation to management of wealth is mentally challenging, despite having financial independence.

I'm 36 and have amassed $6 million through "boring" investments - why do the rich old guys I know seem to do things so differently?

Diverse perspectives in retirement planning yield better strategies, contrary to popular Reddit advice.

Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks

Passive income allows for revenue generation with minimal ongoing effort, aiding financial independence and expense coverage.

I'm worth over $20 million but I still insist on renting almost every luxury in my life

Renting luxuries can save substantial money, challenging traditional views on ownership in financial planning.
morefinancial-independence
#finance

With a $5 million net worth - how do I find a bank that best serves high-net-worth clients?

Large banks are intensely focused on increasing assets under management due to heightened competition.

It's Time to Flip the Script on Risk - Non Profit News | Nonprofit Quarterly

Finance must prioritize community and environmental risks rather than the conventional investor-centric risk model.

I currently have over $10 million but am wondering if I should go for $50 million - is there a big difference?

Financial comfort varies based on personal goals and lifestyle aspirations, even at significant wealth levels.

Dave Ramsey gets real and shares that there is a vast difference between a billionaire and millionaire

There is a significant disparity between the lifestyles of millionaires and billionaires.
$1 million does not afford the lavish lifestyle many believe it does.

With a $5 million net worth - how do I find a bank that best serves high-net-worth clients?

Large banks are intensely focused on increasing assets under management due to heightened competition.

It's Time to Flip the Script on Risk - Non Profit News | Nonprofit Quarterly

Finance must prioritize community and environmental risks rather than the conventional investor-centric risk model.

I currently have over $10 million but am wondering if I should go for $50 million - is there a big difference?

Financial comfort varies based on personal goals and lifestyle aspirations, even at significant wealth levels.

Dave Ramsey gets real and shares that there is a vast difference between a billionaire and millionaire

There is a significant disparity between the lifestyles of millionaires and billionaires.
$1 million does not afford the lavish lifestyle many believe it does.
morefinance

Stanley Druckenmiller Closed Out 22 Positions And Rolled the Proceeds Into These 3 Stocks

Druckenmiller achieved 30% annual returns over 24 years at Duquesne Capital before shifting to a family office model.
#financial-advice

Our Kids Are Set to Become Really Rich When We Die. We Think It's Going to Do More Harm Than Good.

Gradual distribution of wealth through a trust can prevent children from being overwhelmed by sudden wealth.

What Retirement Accounts Should I Withdraw From First?

Retirement financial management focuses on cash flow rather than net worth accumulation, requiring a major mindset shift for retirees.

I make $400k and am an avid saver for retirement - when do I stop flooding Roth accounts and focus on my tax deferred ones?

High-income earners face unique challenges and opportunities in retirement planning that require specialized strategies and professional expertise.

We're in our 60s with $9 million saved for retirement - we are excited but can't stop thinking about the large tax liability coming up

Retiring with significant savings requires tax strategies to minimize government taxes and maximize funds available for enjoyment.

Dave Ramsey Says 'You've got to tell your money what to do or it will leave' and I Agree

Avoid outdated financial advice from figures like Dave Ramsey.
High-yield savings accounts can combat inflation effectively.
Educate yourself on financial tools for wealth preservation.
Banks may not have consumer interests at heart.

I just hit $10 million in liquid assets - how do I avoid overspending now?

Transitioning from saving to spending requires a strategic approach to preserve wealth and avoid overspending.

Our Kids Are Set to Become Really Rich When We Die. We Think It's Going to Do More Harm Than Good.

Gradual distribution of wealth through a trust can prevent children from being overwhelmed by sudden wealth.

What Retirement Accounts Should I Withdraw From First?

Retirement financial management focuses on cash flow rather than net worth accumulation, requiring a major mindset shift for retirees.

I make $400k and am an avid saver for retirement - when do I stop flooding Roth accounts and focus on my tax deferred ones?

High-income earners face unique challenges and opportunities in retirement planning that require specialized strategies and professional expertise.

We're in our 60s with $9 million saved for retirement - we are excited but can't stop thinking about the large tax liability coming up

Retiring with significant savings requires tax strategies to minimize government taxes and maximize funds available for enjoyment.

Dave Ramsey Says 'You've got to tell your money what to do or it will leave' and I Agree

Avoid outdated financial advice from figures like Dave Ramsey.
High-yield savings accounts can combat inflation effectively.
Educate yourself on financial tools for wealth preservation.
Banks may not have consumer interests at heart.

I just hit $10 million in liquid assets - how do I avoid overspending now?

Transitioning from saving to spending requires a strategic approach to preserve wealth and avoid overspending.
morefinancial-advice

Family holidays, Rolex and luxury yachts on company expenses: How the rich evade tax

Wealthy individuals in Spain use tax strategies to minimize or evade taxes, prompting a response from the Tax Agency to monitor and recover funds.
#estate-planning

The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here's how it works.

Private-placement life insurance allows ultra-wealthy individuals to avoid estate taxes and significantly cut tax bills, with potential legislative changes on the horizon.

How I Secured My Family's Financial Future Through a Trust | Entrepreneur

Trusts can ensure your assets benefit future generations and avoid probate and estate taxes.
Creating a trust helps maintain privacy, efficiency, and growth of wealth.

The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here's how it works.

Private-placement life insurance allows ultra-wealthy individuals to avoid estate taxes and significantly cut tax bills, with potential legislative changes on the horizon.

How I Secured My Family's Financial Future Through a Trust | Entrepreneur

Trusts can ensure your assets benefit future generations and avoid probate and estate taxes.
Creating a trust helps maintain privacy, efficiency, and growth of wealth.
moreestate-planning
#retirement-planning

Here's What You'd Need to Invest to Generate $75,000 a Year In Retirement

Long-term investing is essential for worry-free retirement planning.
Starting investments early maximizes the benefits of compounding.
A $1.875 million portfolio is needed for $75,000 annual income at a 4% withdrawal rate.

We're in our 40s and wanted a target of $3 million net worth but ended up saving a lot more - how do we stop moving the goalposts?

The pursuit of wealth can become insatiable, making it crucial to set definitive goals for retirement.

Baby Boomers: Don't fall for these all-too-common retirement myths

Retirement myths, like the belief that living costs will decrease, can significantly impact financial planning for retirees.

How Many Americans Have Banked a Cool $1 Million for Retirement?

A $1 million retirement is achievable with proper financial planning.
Inflation has made saving for retirement more difficult for many Americans.

If your household brings in $400k per year, this is how much you should have saved by your mid-40s

Aim to save $1.83 million by age 45 for a comfortable retirement if earning $400,000 annually.

I'm a 59 year old workaholic who made $250k a year and constantly worried about financial safety and I just quit my job

Financial worries often stem from uncertainty rather than insufficient resources.
Gaining clarity on financial goals helps build confidence in financial planning.

Here's What You'd Need to Invest to Generate $75,000 a Year In Retirement

Long-term investing is essential for worry-free retirement planning.
Starting investments early maximizes the benefits of compounding.
A $1.875 million portfolio is needed for $75,000 annual income at a 4% withdrawal rate.

We're in our 40s and wanted a target of $3 million net worth but ended up saving a lot more - how do we stop moving the goalposts?

The pursuit of wealth can become insatiable, making it crucial to set definitive goals for retirement.

Baby Boomers: Don't fall for these all-too-common retirement myths

Retirement myths, like the belief that living costs will decrease, can significantly impact financial planning for retirees.

How Many Americans Have Banked a Cool $1 Million for Retirement?

A $1 million retirement is achievable with proper financial planning.
Inflation has made saving for retirement more difficult for many Americans.

If your household brings in $400k per year, this is how much you should have saved by your mid-40s

Aim to save $1.83 million by age 45 for a comfortable retirement if earning $400,000 annually.

I'm a 59 year old workaholic who made $250k a year and constantly worried about financial safety and I just quit my job

Financial worries often stem from uncertainty rather than insufficient resources.
Gaining clarity on financial goals helps build confidence in financial planning.
moreretirement-planning
#cryptocurrency

The Money Isn't Fixed Yet

Bitcoin's rise to $100k highlights the importance of both luck and self-discipline in achieving financial success.

Nexo Integrates AI-Powered News Feed to Transform Digital Asset Management | HackerNoon

Nexo has launched an AI-powered news digest to enhance decision-making for users by providing personalized, relevant market updates based on their portfolio holdings.

The Money Isn't Fixed Yet

Bitcoin's rise to $100k highlights the importance of both luck and self-discipline in achieving financial success.

Nexo Integrates AI-Powered News Feed to Transform Digital Asset Management | HackerNoon

Nexo has launched an AI-powered news digest to enhance decision-making for users by providing personalized, relevant market updates based on their portfolio holdings.
morecryptocurrency

We need to get more women in financial services roles to improve financial confidence at home

Increasing female representation in financial services is essential to meet women's unique financial needs and empower them in managing their wealth.

MacKenzie Scott donates another $2 billion in 2024

MacKenzie Scott has donated $19.2 billion since 2019, focusing on economic security and for-profit solutions to poverty.
#financial-literacy

We owe $150k on car loans - should we just sell our house and use the equity to wipe out our debt?

Simply making a lot of money doesn't guarantee wealth; lifestyle choices and debt can overshadow high income.

I run a group for individuals worth at least $100 million. Our members want their kids to have purpose - and prenups.

Wealth for R360 members goes beyond money; fostering purpose and self-worth in children is vital.

My grandfather used to gift each family member $10k annually - is this helpful or does it create entitlement?

Giving wealth while alive can bring satisfaction but may hinder financial literacy in recipients.

We owe $150k on car loans - should we just sell our house and use the equity to wipe out our debt?

Simply making a lot of money doesn't guarantee wealth; lifestyle choices and debt can overshadow high income.

I run a group for individuals worth at least $100 million. Our members want their kids to have purpose - and prenups.

Wealth for R360 members goes beyond money; fostering purpose and self-worth in children is vital.

My grandfather used to gift each family member $10k annually - is this helpful or does it create entitlement?

Giving wealth while alive can bring satisfaction but may hinder financial literacy in recipients.
morefinancial-literacy

Google's Quantum Leap

Vanguard is restructuring its wealth management business to attract a larger, financially diverse customer base with reduced entry-level investments.

Smart Wealth Planning Tips for Expats Living in Switzerland

Expatriates in Switzerland must strategically navigate tax systems and inheritance laws for effective wealth management.
#automation

How Farther is building a wealth management platform in the age of AI - Tearsheet

AI is transforming wealth management by automating tasks, allowing advisors to focus on higher-value activities while enhancing client relationships.

Zeplyn Raises $3M to Streamline Meetings for Wealth Managers with its AI Assistant

Financial advisors can save significant time on administrative tasks with Zeplyn's AI Meeting Assistant, enhancing focus on client relationships.
Zeplyn transforms client interactions into organized, actionable notes, easing the documentation burden for financial advisors.

How Farther is building a wealth management platform in the age of AI - Tearsheet

AI is transforming wealth management by automating tasks, allowing advisors to focus on higher-value activities while enhancing client relationships.

Zeplyn Raises $3M to Streamline Meetings for Wealth Managers with its AI Assistant

Financial advisors can save significant time on administrative tasks with Zeplyn's AI Meeting Assistant, enhancing focus on client relationships.
Zeplyn transforms client interactions into organized, actionable notes, easing the documentation burden for financial advisors.
moreautomation

People Who Won Millions In The Lottery Revealed How Their Lives Changed For The Worse, And It's Tragic

Winning the lottery can bring unexpected challenges, transforming lives in often unfortunate ways.

Charts: Tech Impact on Global Fund Managers, Q4 2024

Disruptive technologies are significantly improving efficiency and revenue in asset management, according to a PwC report.

London listed wealth management to cut 500 jobs - London Business News | Londonlovesbusiness.com

St James's Place plans to make 500 employees redundant as part of a £200 million savings initiative.

Billionaire Bill Gates Owns Way More Than You Think

Bill Gates retains a $160 billion net worth through diverse investments after selling most of his Microsoft shares.

Here's how the Trump family spends their billions, from a $11 million beachfront estate in St. Martin to a $13 million fleet of private aircraft

Donald Trump's net worth is estimated at $5.6 billion, with the entire Trump family's worth potentially over $6.7 billion.
#morgan-stanley

Leaked Morgan Stanley documents reveal 1 in 4 ultra wealthy clients raise a red flag

24% of Morgan Stanley's high-net-worth accounts flagged for money laundering risks highlights serious issues with client asset vetting.

Morgan Stanley partners with Carta to serve startup employees after lucrative IPOs

IPOs are rebounding after a two-year slowdown, with Morgan Stanley partnering with Carta to target founders before their wealth increases.

Leaked Morgan Stanley documents reveal 1 in 4 ultra wealthy clients raise a red flag

24% of Morgan Stanley's high-net-worth accounts flagged for money laundering risks highlights serious issues with client asset vetting.

Morgan Stanley partners with Carta to serve startup employees after lucrative IPOs

IPOs are rebounding after a two-year slowdown, with Morgan Stanley partnering with Carta to target founders before their wealth increases.
moremorgan-stanley

I have $3m invested in stocks like Tesla and Apple and I want to diversify my portfolio, but if I sell now, I will lose money

Diversification beyond tech stocks is crucial for wealth stability, but high taxes complicate decisions for high-income earners.

12 tactics America's wealthiest use to save big on taxes, from putting mansions in trusts to stashing fortunes for a 1,000 years

Wealthy Americans exploit tax laws to pass on substantial assets tax-free, primarily benefiting a small percentage of taxpayers.
#investment

Robinhood's $300 million wealth management platform acquisition shows the company is growing up with its investors

Robinhood's acquisition of TradePMR marks a strategic shift to meet evolving investment needs of its younger customer base.

Trust Funds: an Investment For Your Family

Trust funds are essential for passing wealth smoothly and efficiently to family in today's economy.

Robinhood's $300 million wealth management platform acquisition shows the company is growing up with its investors

Robinhood's acquisition of TradePMR marks a strategic shift to meet evolving investment needs of its younger customer base.

Trust Funds: an Investment For Your Family

Trust funds are essential for passing wealth smoothly and efficiently to family in today's economy.
moreinvestment

Life is a series of hellos and goodbyes

Career setbacks can lead to unexpected, more suitable opportunities in life.
Personal failure can often redirect individuals to their true calling rather than the one they initially envisioned.

I became a millionaire at 28 but it took me a long time to find joy in my financial security

Hazel Secco aims to break the generational trauma surrounding money, teaching her children that it's a tool for joy and meaningful experiences.

HSBC to open London wealth centre' in effort to draw in premier clients

HSBC is launching a wealth center in Mayfair aimed at attracting affluent clients with personalized banking services and exclusive events.

Non-Rich People Are Revealing Their Encounters With "Old Money" Vs. "New Money," And It's Wild

New money holders view wealth as an end goal, while old money holders see it as a means to achieve broader success.

Bernard Arnault, the LVMH CEO who built a luxury giant, is one of the world's wealthiest people

Bernard Arnault's rise in luxury goods has established him as a key figure in the industry, with a significant family influence in LVMH.

SEC Fines Robo-Advisor for Athlete Endorsement Violations

The SEC is intensifying scrutiny over misleading marketing practices in the financial advisory sector.

EXCLUSIVE: How Goldman Sachs turns founder equity into private jets, yachts, and more private equity

Goldman Sachs is refocusing on servicing ultra-rich founders, helping them unlock wealth tied up in their business stakes.
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