What Are the Wealthy Really Worried About?

At GROCO we work very closely with some of the most highly successful people in the world and because of that we know what makes these types of individuals tick. We understand how they think and how they operate and we offer top notch business consulting to help them be successful. We also know what the wealthy are really worried about. And when it comes to investing, wealthy investors’ biggest concern is to protect their wealth, even more so than big returns.
In fact, wealthy investors typically focus on a few particular strategies as they ultimately make plans to pass on their values and their wealth to future generations. Because we work with many of these individuals we are able to share with you the most common strategies employed by the highly successful. Let’s take a closer look.
Creating an effective cash-flow model is at the top of the list of most wealthy investors. Another common strategy used by many of the wealthiest clients we have is to maximize their retirement accounts. That means that they contribute as much as they can to their retirement accounts. Backdoor Roth conversions are also another popular move commonly employed by the wealthy.
Wealthy investors also focus on lowering their income and their capital gains taxes, as well as doing everything they can to avoid estate taxes. Lastly, many of the wealthiest people we work with put a strong emphasis on philanthropy. They not only put a plan in place to distribute their wealth but also their values.
At GROCO, we know that the wealthy have a lot of things to be concerned about, not the least of which is protecting that wealth. That’s why we help the highly successful prepare for the future with careful tax planning and business consultation, among other things. We can help you, too. Just click here to contact us or give us a call at 1-877-CPA-2006.
Are You Prepared to Take Advantage of the Soaring Stock Market?
Are You Prepared to Take Advantage of the Soaring Stock Market? With all the turmoil going on in Washington and new reports of wrong doing popping up every day, you might not have noticed the stock market lately. However, if you haven’t been paying attention, the market is doing quite well. That is good news…
Seven Keys to More Happiness
Seven Keys to More Happiness We all want to be happy, but what is happiness and how do we become happier? Happiness is not a destination, but rather a way of being. Author Margaret Lee Runbeck described it this way: “Happiness is not a station you arrive at, but a manner of traveling.” Many people…
A Look at the Evolution of Online Education
A Look at the Evolution of Online Education Like almost every other industry, the education industry has experienced a lot of change in the last two decades. Just as the Internet has influenced everything else, it has also had a great affect on education. Twenty-five years ago if you wanted to earn a college degree…