A good leader starts by leading themselves. I had the pleasure of talking with my good friend Mary Rauchenstein on my podcast this week about what qualities a good leader posses, and what the differences are between a leader, mentor, coach and manager. You can use these strategies to start managing your own financial life.
Author Archives: DuPont Wealth Solutions
How to be Financially Resilient
The worst way to invest is by acting on emotions. When unexpected changes occur in the economy, most people tend to panic. Financial resilience isn’t about avoiding all those bad things that can happen to you (for example, a pandemic, or getting laid off) because, inevitably, those things will happen. Instead, financial resilience is about being able to deal with those things when they do happen.
Types of Life Insurance and How They Can Be Used in Estate Planning
Types of Life Insurance and How They Can Be Used in Estate Planning Many of us start thinking about life insurance when we get our first full-time job and the company’s HR representative asks us “Do you want to enroll in the employer’s group life insurance policy?”. Most people think “Why not?” and sign up,Continue reading “Types of Life Insurance and How They Can Be Used in Estate Planning”
5 Common Tax Planning Mistakes
Over the past few weeks, I’ve been asking my clients to send me their most recent tax return. By looking through their returns for missed opportunities and mistakes, there’s a few patterns I’ve noticed.
5 Ways to Get The Most Out of Your Life Insurance Policy
Permanent life insurance policies offer both a death benefit and cash value, which you can withdraw from at almost any point in your life. Life insurance offers more flexibility, and ROI than many other savings options.
Minimizing Taxes with Private Annuities
A private annuity arrangement supplies the annuitant with a stable retirement income, keeps assets within the family, and minimizes the tax burden for heirs.
How to Pick the Best Insurance Product to Secure Your Wealth
Life insurance is a great tool that you can use to compound your wealth. The problem is that many life insurance and annuity companies advertise insane promises that they can’t keep and aren’t transparent about their business practices. You need to research these companies before working with them.
You Need to Take Emotions Out of Investing
Instead of risking your retirement savings on individual stocks due to overconfidence and fear of missing out, it’s important to take action to protect your money against future economic hardships.
4 Ways to Protect Your Life Savings from Estate Taxation
The future increase in estate taxes could cause problems for your inheritance and retirement income down the road. To protect yourself from heavy taxation, know what tax laws are changing, be proactive in your retirement planning, and look at perusing difference inheritance strategies such as gifting and life insurance.
Is Bitcoin Safe from The Government?
Many people are investing in digital currency with the belief that it is safe from government overreach and economic trouble. Although cryptocurrencies operate independently from third parties through their own trusted technologies, that does not mean that governments cannot indirectly affect your investments in them. They can still heavily tax your investment, penalize you for them, and restrict your access to them in some form. Bitcoin can be a good investment if you go into it with an informed mindset, and a dangerous one if you don’t.