Did you know that you could sell a business or a highly appreciated asset and not pay a dime in taxes? I know what you are thinking. Yes, it does sound too good to be true. However, this is not one of those cases. It is absolutely possible with a charitable remainder trust. Check out this video to find out how!
It never fails, when I have new clients coming in, they say they want all of the upside but none of the downside. Basically, they want their investment cake and to eat it too. However, the problem is you can’t invest without taking some risks. They need to understand the types of risk in investing that warrant concern and the ones that are best left to the experts to worry about. Let’s discuss the kinds and how to deal with them.
We recently had a new client come in for an interview. They were interviewing our firm, as they were looking for help when it came to their portfolio. As our conversation progressed in that meeting, I noticed that investment management is not what they really needed. What they actually needed was comprehensive wealth management. If you’re wondering what that entails, let me explain a little more.