Center for Wealth Management

09/02/2026

Building wealth that lasts beyond your lifetime takes more than luck. The right structures, investments, and family habits can help support a longer-term legacy.

🏛️ Create a clear plan: Trusts and other estate-planning tools can guide how assets are managed, transferred, and used.
🏠 Build varied income sources: Rental property, dividend-paying stocks, and bonds may provide income while spreading risk.
📚 Teach the next generation: Share your financial approach with heirs so they are better prepared to manage what they receive.

Explore more ways retirees can use passive income and planning to build generational wealth:

09/02/2026

Teaching your kids about money could save you from future financial headaches. Experts suggest discussing spending habits, offering allowances, and even turning savings into a competition. Learn creative ways to make finance fun for children:

Set your kids up for long-term financial success by teaching them early about money.

09/01/2026

“If you have to ask, you can’t afford it” may work for yachts. When it comes to your portfolio, not asking could be costly. Building wealth and managing it well are two different skills.

📉 Know your returns: A complicated investment strategy doesn’t automatically mean better results. Make sure you know how your investments are actually performing over time.

🎯 Don’t assume the same approach still fits: The risks that helped build your wealth may not make sense once your goal shifts to managing it for the future.

📊 Measure what matters: Look beyond your account balance to understand how your investments are performing, how much risk you’re taking, and how easily you can access your money.

See why measuring the right things may matter more than adding another strategy:

Building a fortune is one thing, managing it successfully through a family office is another. Investor and philanthropist Michael W. Sonnenfeldt has a solution.

08/31/2026

Skipping a bank account beneficiary could leave your money tied up in probate when loved ones need it most. Naming one can help funds pass directly to them and typically takes precedence over what your will says. See how to choose the right beneficiary:

What happens to the money in your bank accounts when you die? Hopefully, it goes to a loved one who needs it. Naming a bank account beneficiary ensures that happens. Here's what to know about bank account beneficiary rules.

08/28/2026

You can plan for retirement down to the dollar, but what will you actually do once you get there? Here’s how to navigate year one.

🧭 Treat it like a sabbatical: Give yourself time to decompress, then experiment with hobbies, volunteering, or part-time work to see what gives your days meaning.

💰 Build a flexible financial plan: Only 1 in 4 Americans in their 60s has a written strategy. Use this time to review spending, withdrawals, and Social Security timing.

🎯 Know what you’re retiring to: Think beyond leaving work and consider what will give structure, connection, and fulfillment to this next chapter.

Wondering how much to withdraw each year or when to claim Social Security? Read the full guide:

As a record number of Americans turn 65, staying flexible — in your finances and your plans — will be key to achieving your best post-work life.

08/27/2026

“You’ll pay less tax in retirement” isn’t always true. Combining Social Security with required minimum distributions can trigger the “tax torpedo,” potentially raising the effective tax rate on additional withdrawals. See how careful planning may help:

Your Social Security income and RMDs will most likely combine to deliver a tax torpedo, but there are ways to reduce your income in retirement to pay less tax.

08/26/2026

Moving near the grandkids can sound like the perfect retirement plan, but there’s more to consider than family time.

🤔 Check expectations: Make sure your adult kids are on the same page about how often you’ll see each other, what role you’ll play, and whether the location fits your life beyond family.

💰 Price the move both ways: Factor in taxes, cost of living, and added family spending, plus what it could cost to move again if plans change.

🏥 Plan for future care: Consider whether the area has the healthcare, transportation, and support you may need if the caregiving roles eventually reverse.

Not ready to commit full-time? See how a seasonal or trial move could offer more flexibility:

Moving near the grandkids sounds like a retirement dream, but it can quickly become complicated. Ask these three crucial questions before you pack your bags.

08/26/2026

Half of retirees feel unsure about spending the money they spent decades saving. A new survey found that those with a spending plan are far more confident managing retirement income. See how a withdrawal strategy can help make spending feel more manageable:

A new study says half of retirees fear spending their savings — and it could be keeping them from enjoying retirement

08/25/2026

Claiming the “no tax on overtime” deduction should be simpler for 2026. Employers will now report eligible pay directly on W-2s, reducing the guesswork. See what may qualify, how much you could deduct, and why it still pays to double-check your W-2:

Taxpayers who were unsure whether they qualified or how much they could claim will likely have an easier time when they file their 2026 tax returns, experts say.

08/24/2026

It takes more than money to be a rich retiree. Maintaining wealth and happiness in retirement requires a combination of smart financial habits and intentional lifestyle choices:

1. Spend with Purpose: Balance a mindful budget with enjoying your wealth on experiences that bring you joy.
2. Invest Wisely: Diversify your portfolio and determine a safe withdrawal rate to ensure your wealth lasts.
3. Prioritize Well-being: Live with a sense of purpose, stay active, and build a team of trusted professionals to help manage your legacy.

Discover 12 habits wealthy retirees use to stay rich and happy:

From prioritizing spending and investing wisely to using debt thoughtfully, rich retirees get it right. Ready to build a roadmap for your meaningful journey?