Why are we less generous when our income grows? A new study by the Chronicle of Philanthropy indicates that the middle class gives a materially larger share of their discretionary income to charity than wealthier households. As a wealth manager, it’s something I’ve noticed over the years as well. Some...
Not everyone needs to withdraw money from their portfolios right now, but for many, it will happen sooner or later. With uncertainties high and appetites for risk as low as government bond yields, it’s more important than ever to stretch your portfolio dollar longevity. Becoming a miser and living in fear...
Contrary to the common approach of taking Social Security early, I've found that after running hundreds of financial plans, it’s often best to wait. The primary reasons people start early is the assumption they can earn better returns than the government or believe they might as well take what they...
Employee stock options can be a great way to achieve substantial wealth. The difficulty is it can disappear quickly if not addressed properly. Something that has really dawned on me after helping executives with these decisions over many market cycles, is that option wealth is usually a once...