In this podcast, Abacus CEO Spencer Sherman talks to Krishna Pendyala, author of Beyond the PIG and the APE: Realizing SUCCESS and true HAPPINESS, about how we can create our own yardsticks for measuring success in life.
With embedded giving, we don’t get to plan out the gift, nor do we receive a tax deduction.
Since May 26, 1896, there have been 1,227 record Dow days, which is almost 4% of total market days.
The other day, I was sitting on the deck of my best friend's new waterfront apartment, a mere two days after he signed his lease. Sipping a martini and watching the boats go by, he said, "With a view like this, I don't know if I'll ever leave." I can't say I blame him. And financially, he may be better off.
Once a family has significant wealth, the problem becomes how to preserve it for future generations—a surprisingly difficult task. Effective multigenerational wealth management requires a family to tackle the personal issues that determine who should benefit from the wealth, the tax hurdles that stand in the way of its efficient transfer, and the capital markets' uncertainties that make it challenging to invest it prudently.
Abacus CEO Spencer Sherman discusses the various facets of our true net worth, including creativity, sense of humor, cultural and spiritual wealth, friends and family, and our health, and explains how a broader understanding of wealth can help us live richer, more peaceful and happier lives.
As I get closer to my due date and the reality of having my first child, I've come to feel a deeper understanding of how uncertain life is. When you are having a baby (unless it's a scheduled C-section) you have no idea when it will arrive, how it will come, and who he or she will be. As a financial planner, it's in my very nature to plan things, especially when it comes to the calendar. However, this is one very big life transition I have to completely surrender to.
When word got out that Russian President, Vladimir Putin had signed a bunch of anti-LGBT laws, the LGBT community responded by saying: "Boycott Russian vodkas." Easy enough. I followed the lead of pro-human rights bar owners and consumers and ditched the famous Russian beverage. I switched to Tito's Vodka from Texas, because we all know how well Texas treats the LGBT community. Heck, even my dad said he'd stop buying his favorite rare treat, Stoli Elit. (Good call Dad—it's too expensive!)
A few years ago, I received a surprising call from my aunt. She told me that she was updating her estate plan, and she asked me if I would be the agent for her advanced healthcare directive, an important estate planning document that specifies your healthcare choices if you are unable to make decisions.
When markets crash, it can be hard to stay the course.