Tax avoidance

Five Ways to Avoid Taxes-Not Evade-Taxes

When it comes to lowering your tax bill, it is crucial to make sure you are avoiding taxes and not evading them. Here’s the difference: Tax avoidance is the use of governmentally-sanctioned legal methods to minimize, defer or eliminate your tax liability. Tax evasion is when illegal means are used to not pay your taxes. Evasion can include not reporting …

Obtaining goals, wealth management

The Power of Purpose in Reaching Audacious Goals

People who have reached the highest levels of success and built truly significant wealth tend to share a number of key traits that are responsible for their amazing results. There is typically a clear connection between having a strong sense of purpose and achieving excellence. With that in mind, take a minute to ask: • What makes you excited about …

life and work balance

Reclaim Your Time

Finding the right work-life balance happiness” into your life, look for ways to trim existing fat. For example: 1. Eradicate what you hate. There will always be necessary aspects of life that you don’t enjoy. But there’s a fundamental difference between necessary evils and unnecessary tasks that drain your reservoirs. At work: Are there weekly meetings you have or reports …

Your Personal CFO

Are you working with a Personal CFO?

We find that the affluent want to work with the best professionals in all areas of their lives—especially when it comes to the areas of personal and business financial management. Unfortunately, there are a plethora of different financial professionals seeking to do business with you. Identifying “the best” for you can feel like a Herculean task. Even differentiating one financial …

Creating a Succession Road Map for Family Businesses

Creating a Succession Road Map for Family Businesses

Dr. Jim Kestenbaum, President/Founder As is well known, family businesses are the cornerstone of the American economy. And as much as family businesses create major short term value for their local communities and economies, they also create even bigger long term value when they last from generation to generation. One of the main ways this is accomplished is through intergenerational …

wealth management team

Why You Need a Cohesive Wealth Management Team.

Why You Need a Cohesive Wealth Management Team You know that you need to tap the expertise of multiple professionals to pursue optimal financial results in your life because finding one single professional with the full depth and breadth of knowledge required to effectively address all of your wealth management needs and wants—especially the complex ones—does not exist. You may …