Today a family is not what it used to be; stepparents, stepchildren, half-siblings, even stepsiblings on alternating weekends is hardly uncommon. All the more reason to set financial and legal obligations of a new couple on paper long before anyone says, “I do.”Prenups can help couples eliminate much of the financial uncertainty associated with setting up a household together.
If you collect items that you’re passionate about— whether they are cars or wine or jewelry or even autographed baseballs—you may be wondering about the value of your collection, its potential future value, and how it fits into your overall plan for financial security. Here are some tips about how to maximize the investment value of your collection.
Managing concentration, tax, market, and longevity risk can be key to financial security.Each stage of your business brings distinct financial risks.Examine your financial life—particularly your investments—from a new perspective to ensure the next stage is as rewarding as the last.Before passing control of your business to the next generation, be sure to lay the groundwork for your own financial security.