With all the resources we put into our homes, it’s almost impossible to think that an unforeseen disaster could take them away. Of course, we see that happening more and more to people all around the world. There were more billion-dollar weather disasters in the last decade than in any decade before, which is making it even more challenging to protect ourselves from the unexpected. While we might naturally assume we’re in the clear if we have homeowners insurance, there are often unseen risks lurking in our policies that leave us exposed to things like floods, wind, water backup, or…

Imagine walking into a wealth management firm in 2034 and finding half the desks empty. This isn’t a far-fetched scenario—it’s a looming reality. According to a recent McKinsey report, the industry could face a shortfall of nearly 100,000 financial advisors over the next decade. As experienced professionals retire and fewer young advisors enter the field, the shortage is going to be much more than just a hiring headache, it’s going to be an existential crisis for firms that don’t adapt. Why does this matter? Because a shrinking advisor workforce means more than just open job postings—it affects client relationships, firm…

For the last two years there has been an ongoing imperative for estate planning and other professionals to get their clients who have an interest in a small corporation, limited liability company or limited partnership to report their personal information in compliance with the Corporate Transparency Act (CTA). Now, in a dramatic regulatory shift, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that rewrites major portions of the CTA, that domestic companies—and U.S. citizens who are beneficial owners of foreign entities—are now exempt from the beneficial ownership reporting requirements originally mandated under the CTA. This development…

After briefly hitting correction territory in the previous week, which is defined as a 10% decline from an earlier high, stocks had a modest rebound last week. The S&P 500 sits 7.6% below its mid-February high. The Magnificent 7, consisting of Microsoft (MSFT), Meta Platforms (META), Amazon.com (AMZN), Apple (AAPL), NVIDIA (NVDA), Alphabet (GOOGL), and Tesla (TSLA), has faired worse with a drubbing of 18.5% since mid-December. The pressure on stocks stems from an economic growth scare and policy uncertainty surrounding tariffs. Stock Correction: Implications Of A 10% Decline In Stock Prices With the S&P 500 closing over 10% below…

Does the Trump economy have you on edge? Send money overseas, using this sortable list of Best Buys in international funds. For most of the 21st century, investors have been in love with the U.S. and lacking a motive to send money abroad. This year they have, for some reason, changed their thinking. So far foreign stocks are up 9% (dividends included), U.S. stocks down 5%. If you want to join the flight overseas, use this guide to cost-effective index funds. They all have expenses no higher than 0.16% ($16 a year per $10,000), assets of at least $50 million…

Say what you will about Shiv Roy, one of the four scheming children of media mogul Logan Roy in the hit HBO show Succession, but she’s no pushover. Immediately after her billionaire father’s stroke wakes everyone to his inevitable mortality, Shiv, despite her lack of experience in business, starts jostling for power with her brothers, her husband, and assorted other men hungry to take over. Though her approach isn’t always exemplary, Shiv steps up in a way that any woman set to inherit family wealth can learn from: by rolling up her sleeves, learning what she needs to know, and…

As the 2025 tax season unfolds, the Internal Revenue Service (IRS) has unveiled its annual “Dirty Dozen” list of tax scams. This list highlights the most prevalent scams taxpayers need to be wary of and offers strategies to safeguard against becoming a victim. Additionally, understanding the tax implications of losses incurred from these scams is crucial for those affected. Understanding the Most Dangerous Tax Scams of 2025 Tax scams are at their peak during the filing season, but they persist year-round as fraudsters continually innovate new ways to steal money and personal information. Here are the top scams to watch…

Given the current inflation rate investors are looking for ways to beat inflation, the traditional 60/40 stock-bond portfolio may no longer provide the same level of growth or yield as it did in scenarios with lower inflation. So there is a need to think outside the box and find new investment ideas to help deal with inflation and grow the capital. Real Estate And Infrastructure To Beat Inflation Real Estate Investment, via REITs, DST’s and Reg D offerings:  Real estate often acts as a natural hedge against inflation. Investing in incoming product, which offer income through dividends from property-related income,…

In his book Drive, Daniel Pink introduces a concept that resonates deeply with many individuals approaching or transitioning out of their primary careers: encore careers. This term refers to a new professional chapter after the conclusion of one’s primary career. For those seeking fulfillment, purpose, or a change of pace in their later years, an encore career may be the perfect solution. What Is an Encore Career? An encore career is a second act—a career pursued after retiring or stepping away from one’s primary profession. Importantly, it’s not just a job change within the same field. For example, a doctor…

In an era of increasing scrutiny on offshore accounts, the U.S. government has aggressively pursued individuals who fail to disclose their foreign financial holdings. The recent case of U.S. v. Leeds, (D. Idaho 2025) serves as a reminder of the consequences of noncompliance with the Report of Foreign Bank and Financial Accounts (FBAR) requirements. U.S. v. Leeds: A Cautionary Tale Richard Leeds, a U.S. citizen, maintained undisclosed Swiss bank accounts for over three decades, utilizing banking practices designed to conceal assets from U.S. authorities. When the IRS investigated, it found that Leeds had willfully failed to file FBARs for the…