John D. Rockefeller established the first family office in 1882 to manage his family’s wealth but much has changed over the last century. Family offices and family office services are no longer reserved for just the ultra-wealthy. Rather, the goals and circumstances dictate the need for family office services. You may ask yourself, “What exactly …
Taking control of your future is the key to organizing your financial life, compounding your wealth, and building the legacy of your dreams — and it is attainable working with a family office. Traditionally, many wealthy individuals and families have worked with separate financial experts that produced disjointed advice. Now, many families opt for using …
We now offer a comprehensive suite of cohesive financial services under our new name, TSP Family Office. Estate planning, risk management, day-to-day money management, document organization, tax savings strategies — we do it all and more. We work with entrepreneurs like you who have significant goals between your business and personal finances, and you need …
You’ve done all the right things. You worked hard all your life and built a successful career or created a profitable business. You have saved and invested and met your financial goals. Now, how do you hang on to it? You need a plan to preserve the wealth you’ve worked so hard to build. You …
Roth conversions are often used by high income earners to move money from a traditional IRA, which is taxed when you withdraw money in retirement, by converting the account to a Roth IRA, which is taxed at the time of conversion. This is beneficial since your retirement investment is meant to increase, as likely as …
Savvy real estate investors should know you can defer paying capital gains taxes when selling an investment property – perhaps forever – by swapping it for a similar one in a Section 1031 like-kind exchange. One advantage of this transaction is that by deferring capital gains taxes, investors preserve equity or purchasing power while moving from …
We now offer a comprehensive suite of cohesive financial services under our new name, TSP Family Office. Estate planning, risk management, day-to-day money management, document organization, tax savings strategies — we do it all and more. We work with entrepreneurs like you who have significant goals between your business and personal finances, and you need …
Taking control of your future is the key to organizing your financial life, compounding your wealth, and building the legacy of your dreams — and it is attainable working with a family office. Traditionally, many wealthy individuals and families have worked with separate financial experts that produced disjointed advice. Now there is a better way. …
For many high-net-worth individuals, a family office may be familiar, but not without questions on which pieces of your financial life this type of consultant should handle. A family office is a private wealth management firm made up of a team that helps you make financial decisions. They serve high-net-worth individuals and families by providing …
December 31st is quickly approaching. And as of this date, you will not be able to put any strategies in place to maximize your tax savings for 2021. Have you taken all the steps necessary to maximize your tax savings for 2021? During this discussion, Tom Gibson, CPA, and Kami Elhert discuss the most important …
