Avoiding FOMO and Embracing Personalized Strategies for Financial Success
“The Dow is taking off like a rocket and XYZ stock tripled in value already this year, so why am I invested in treasury bills and an underperforming conservative portfolio?” With the Dow Jones Industrial Average notching the ninth straight day of gains and certain stocks recording remarkable returns, the fear of missing out (FOMO) […]
Empower Your Heirs to Handle Their Inheritance Responsibly
At EsqWealth, we recognize the paramount importance of guiding our clients through the intricate process of wealth transfer, particularly in light of the impending “great wealth transfer.” Over the next two decades, an astounding $72 trillion will be passed on to younger generations, while an additional $12 trillion will be directed towards charitable causes.[1] With […]
Protecting Your Wealth: The Implications of a Reduced Lifetime Gift Tax Exemption in 2025
As a high-net-worth individual, it is essential to be aware of potential changes to the lifetime gift tax exemption and their implications for your wealth transfer strategies. In this article, we will delve into the current state of the lifetime gift tax exemption, including the generous 2023 limit and the anticipated reduction in 2025. By […]
These 3 Moves Can Have a Ripple Effect on Your Retirement Account
At EsqWealth, we encourage our clients to have a comprehensive long-term financial plan. We also believe that the financial plan should be reviewed on an ongoing basis. This process should involve monitoring and tweaking it over many years to ensure you will not outlive your money and be able to meet all your retirement goals. […]
Financial Pitfalls for Lawyers and Doctors: The 8 Most Common Behavioral Mistakes
Comprehensive financial planning is a complex endeavor, and professionals such as lawyers and doctors are particularly susceptible to making mistakes in this domain. The demanding nature of their careers, coupled with unique factors related to their professions, can contribute to behavioral mistakes and biases that hinder their investment success. While many people believe they can […]
Today’s Annuities: A Powerful Tool for Retirement Planning and a Recession Hedge
For the past several months, you could not open the financial news without seeing articles about the looming recession. As economists and financial advisors anticipate a recession around the corner, and some claim it’s already here, investors are becoming increasingly wary of market volatility. However, there is one investment vehicle that is not only a […]
Lessons from 5 Celebs About Financial Mistakes
It is common to examine “best practices” in order to pick up new behaviors, but today we’re going in the opposite direction. To borrow a quote attributed to Eleanor Roosevelt, “Learn from the mistakes of others. You can’t live long enough to make them all yourself.” In this article, we examine the financial decisions affecting […]
Which Investment Strategy is Better for You, Active or Passive Investing?
Investing is a critical aspect of wealth creation, and it’s essential to have a well-thought-out investment strategy to achieve your financial goals. When it comes to investing, there are two primary approaches: active investing and passive investing. Both methods have their merits and drawbacks, and understanding the pros and cons of each can help investors […]
A Lesson from Lisa Marie Presley, Tony Hsieh, & Howard Hughes About Estate Planning
Everyone knows the expression “More Money, More Problems.” But you can add orders of magnitude to this proverb if you die with more money and less estate planning. As we have seen in the past with Howard Hughes’ dubious will materializing in odd locations, and more recently with the tragedy of Tony Hsieh, the wunderkind […]
