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An investor met with me to consider his upcoming retirement from the workforce. He was youthful (in his mid-50s) and had accumulated $1 million in his various accounts. When I asked him the “why retire now” question, he said, “Why not, I’m a millionaire!” Eligible for Social Security, but not for a decade, he needed...

A second home is a dream for many people as they consider their retirement years, especially for those of us in the frozen north who love the idea of sunshine and no snow all winter. I’ve owned a second home for many years, and I enjoy it. But it is definitely not for everyone. Many...

Many individuals and couples agonize over the right end-of-life wealth distribution plan, and it’s understandable. Transferring the wealth you earn during your lifetime should be done only after very careful planning and consideration.  Still, many, if not most, benefactors fail to think about the most valuable transfer of all: the knowledge and mindset that it...

The ILIT, or Irrevocable Life Insurance Trust (pronounced eye-lit), is a financial strategy that can help transfer significant wealth to heirs while avoiding income, estate, and inheritance taxes and sheltering assets from creditors. If you are (or intend to become) wealthy and you wish to transfer significant sums to your heirs in a tax-efficient manner,...

The education planning discussion is often about the cost of college and how to save up part or all of the money needed for tuition, books, and room and board. But before we approach the money topic, let’s consider whether college is worth it!  Based on discussions I have had with the families of students,...