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In fact, it can get even more complex.
Evenhigh net worthindividuals have stumbling blocks and points of confusion.
Will I Outlast My Wealth Or Vice Versa?
Surprisingly, many high net worth investors find themselves uncertain when faced with this pivotal question, Massimo said.
Can I Retire?
Even high net worth individuals are wondering about whether a comfortable retirement is feasible for them.
Katherine Fox, CFP, founder ofSunnybranch Wealth, often hears the question: Can I retire?
The answer to this question depends on two factors, Fox said.
How much money you have saved and how much income you need every year.
Many of Foxs clients are in their 20s, 30s and 40s and looking to retire early.
We then think about how to account forunforeseen retirement expenses, Fox said.
What Should I Do With My Inheritance?
Many high net worth folks came into their wealth or some of it via an inheritance.
Fox is frequently asked by such people what they should do with their gift.
First, pay off all high interest debt.
How Do I Talk to My Parents About Their Estate Plan?
For starters: Just start the conversation!
Dont get caught in a game of chicken that ends when your parents die.
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