Attention all entertainment and creative industry professionals: Join me on an upcoming important seminar about managing your finances as an entertainment professional.
getting a second opinion on your financial plan is probably just as important as getting a second opinion before you're going to go do a surgical procedure.
We hear this conversation all the time about markets being overheated, being overvalued. But that's really a function of time, right? So do markets go up, do markets go down? Absolutely.
Time horizon is different for each person. If you're in your 20s, you have a very different time horizon than someone who might be in their 30s, 40s, 50s, 60s, or 70s. So time horizon is specific actually to what you need the money for.
While bonds have historically been an important part of everybody's portfolio, you must understand that a bond, which represents debt, produces a fixed return on its coupon.
People have built significant wealth in non-traditional assets like Ethereum, Bitcoin, altcoins, and blue chip NFTs like BAYC and Punks, but if you die (rather, when you die), what happens to those assets?
Clearly, the needs of retirees, who are busy spending down their retirement savings, are quite different from the needs of employees, who are (or should be) busy building up their retirement savings.
If you ask experts when it makes sense to start saving for college, they tend to agree most families should save as early as they can. This is partly due to the fact college is expensive, but it's also because the cost of higher education seems to go up every year.
Index funds are recommended by billionaire Warren Buffett and are often touted as one of the most popular ways to reach FIRE (Financial Independence, Retire Early).
While 401(k) plans typically come with benefits that promote long-term saving, you might find some drawbacks as well. Understanding the potential downsides of 401(k)s can help you better plan for your financial future.
Millions of Baby-Boomers are retiring every year and preparing for income needs and expenses in retirement is always at the top of mind. During the pandemic, an additional 1.7 million Americans retired earlier than what would have been expected.
Over the past 18 months, Americans have faced uncertainty surrounding work and health, forcing many to put planning and savings to the side. No matter your income, building a budget will help you get a clear picture of where your money is going.
You may think you don’t need a financial advisor if you’re not rich, but the truth is that, depending on your situation, having one may benefit you. For many people, the expert advice and guidance they receive from working with one of these professionals far outweigh the costs.
You may not know this, but your Traditional IRA comes with a not so silent partner waiting to take their cut of your retirement account: the IRS and most likely the State you live in.
Technology choices and cyber security are one of the topics that business managers and entertainment advisors wrangle with the most. The cost of changing technology platforms is huge, and it is typically very difficult to evaluate.
Join a panel of art sellers, managers, and business experts to help you understand the pitfalls of planning in order to save substantial money, taxes, and frustration.
