Managing Wealth and Legacy Planning

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This chapter provides guidance to a listener named Eugene, a high-net-worth individual seeking advice on managing his finances, including investments, insurance, and legacy planning. It discusses the importance of increasing income for individuals with significant assets, explores the role of insurance in retirement planning, delves into estate tax implications, and highlights the need for a comprehensive financial plan aligned with long-term goals.

#499: Eugene and his wife are retiring with a $10 million net worth and a guaranteed income that exceeds their annual budget. Do they still need things like life insurance and a financial advisor?

The next question, at 30:24, comes from an anonymous caller. Her HOA costs have doubled since she bought her condo. She’s wondering if it’s still a good investment. Should she keep it or sell it?

We answer Nandini’s question at 48:14. Nandini and her husband save tons every month toward no goal in particular. What should they do with all their extra cash?

Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.

Enjoy!

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For more information, visit the show notes at https://affordanything.com/episode499

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