The key is determining the appropriate amount of risk for the reward you are seeking. This balancing of risk and reward is the foundation of all the work we do for clients and is critically important to long-term financial success.
Amassing wealth comes with many benefits, but having a substantial estate comes with the repercussions of elevated taxes. Gifting portions of your assets to mitigate tax ramifications is possibly a reasonable strategy.
Watch Sand Hill Global Advisor's video about the most important things to consider before buying your dream vacation home in this frenzied real estate market, such as the cost, location, investment potential, tax impact, and exit strategy.
Many Americans reignited long-forgotten passions amidst the exhausting and traumatic months of lock-down caused by this pandemic. With stress at an all-time high and the CDC heavily cautioning against face-to-face socialization, they turned to interests they hadn’t partaken of in years. Here are some of the top pastimes they pursued.
Recently, investors are expanding into the realm of luxury collectibles to augment their portfolios. With the right passion and knowledge, high-end collecting can offer potential monetary gains. This decade-long trend is well documented, and it’s easy to see why it has captured the imagination of investors and venture capitalists around the world.
Many DAF donors want to then help special unique causes or projects, or new charities that have not yet received IRS approval to function as a qualified 501(c)(3) organization; in turn, this can result in such targeted support being rejected or delayed, causing frustration for the donor and recipient charity alike. This is where “fiscal sponsorship” can be helpful.
In the competitive start-up culture of the Bay Area, how your personal finances are managed can be a critical factor in achieving long-term success. Sand Hill Global Advisors, a trusted independent wealth management firm in San Francisco and Palo Alto, recognizes the unique challenges faced by entrepreneurs and offers the following considerations in managing your personal finances.
As innovative industries continue to fuel growth in the Bay Area and housing supply remains limited, homeownership has become a challenging aspiration for many individuals and families. The allure of owning a home in this vibrant region is undeniable, but it requires thoughtful financial planning to navigate the unique challenges of the local real estate market.
As a professional in the tech industry, your work may involve innovation, cutting-edge technology, and rapid growth. However, navigating the world of personal finance requires a different set of skills. At Sand Hill Global Advisors, we understand the unique financial challenges faced by tech workers and offer tailored investment strategies to help you make the most of your wealth.
According to The Goldhill Group, 75% of business owners surveyed regret selling their business after it’s been sold. This is an alarmingly high percentage. Did these business owners not set goals for what they envisioned life would be like on “Monday” after the sale? Did these business owners not have a team of professionals surrounding them that were all aligned in the common goal of helping the business owner and his or her family meet their goals and achieve their legacy creation?
To those of us that are parents, many would agree that our greatest asset is our children. We do our best to raise happy, healthy, and kind kids that will hopefully make the world a better place. We teach them how to deal with adversity. We teach them how to overcome rejection. We strive to provide them with everything they need to be successful in hopes they will grow to be the best they can be.
Normally a dry and straightforward topic, inherited IRA rules have been anything but over the last several years due to a number of recent changes to the SECURE Act of 2019. As a result of legislative changes (and the government’s need for tax revenue), there are now significant differences between non-spouse inherited IRA accounts inherited before and after January 1, 2020.
In a period increasingly driven by technology and the pursuit of better health outcomes, innovation in weight loss drugs and Generative Artificial Intelligence (GenAI) have emerged as two promising avenues to address some of the most pressing issues facing society today.
A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity that allows a donor to contribute, receive an immediate tax deduction, and recommend grants to charitable 501(c)3 organizations from the fund over time. There are several considerations when using a DAF that will help you make the most of their benefits.
Earlier this year, two seemingly unrelated events took place at opposite ends of the technological spectrum. While a countless number of people were amused by the parlor tricks of ChatGPT and its artificial intelligence abilities, a smaller group of Silicon Valley residents were suffering financial losses from the manipulation and forgery of checks stolen from the U.S. Mail.
There are countless reasons for building an Accessory Dwelling Unit (ADU) on your existing property. Defined as a self-contained residential unit located on the same lot as an existing single-family home, these units can be ideal for many scenarios.
If you are in the midst of a severe medical emergency and you are by yourself, how will an emergency medical professional know your blood type, any medications you might be taking and the dosage, and if you have children or pets at home that need care if you become hospitalized or incapacitated?
Social media has transformed our lives, so much so that it has gained a sort of legitimacy as a means of communication and information sharing. Many “internet celebrities” have ridden this wave, despite having little to no background or expertise in the areas related to their posts.
For those new to the relatively recent and rather profound paradigm shift in internet search, the next generation of chatbots can realistically simulate human conversation by mining huge samples of texts and images available on the internet.
Chefs, from the classically trained to the rock-and-roll celebrity types, cling tightly to the concept of mise-en-place when running their kitchens. French for ‘putting in place’ and a concept derived from the military, mise-en-place is the tightly coordinated planning and organization of the inputs needed to precisely execute the production of a meal.
If you’re in the market for an electric vehicle (EV), you’re probably already aware that the recently signed Inflation Reduction Act puts into place some new rules around EV tax credits—some of which make it harder to claim the full credit after the end of this calendar year. But with some careful financial planning, and a little bit of research, you can still offset the cost of your purchase significantly.
A Generation Skipping Trust is an irrevocable trust utilized to transfer significant wealth from the grantors (trust creators) to their grandchildren (or anyone at least 37.5 years younger). Doing so skips their own children, known as the “skip generation”, by passing the wealth directly to the grandchildren.
For founders, early-stage employees, and executives alike, the opportunity for a sizable personal liquidity event is the result of considerable talent, tremendous amounts of work, and a little bit of luck. But while building a company or product has brought them to the doorstep of an IPO or sale of a concentrated position, it’s at the end of the journey where operational execution is required to harvest the full rewards of their efforts.
A sleepy area of the bond market known as Series I Bonds has exploded in popularity this year, catching the attention of investors with its eye-popping 9.62% current yield. In a year in which most asset classes have delivered negative returns, a stable, predictable government guaranteed savings bond may seem appealing. And yet, while there are real benefits associated with I Bonds, there are also nuisances and limitations that investors should be aware of before getting too excited about investing in them.
Talking to your children about money and finances is one of the most nuanced topics parents can encounter. It often feels taboo and some parents do not feel equipped to tackle the topic. But with a little finesse, patience, and a proactive approach, talking to your kids about finances does not have to be so daunting.
