If you’re a high net worth individual, chances are you have worked very hard to amass your wealth. Now, it’s vital to work equally as hard to manage that wealth to continue to benefit you and your family. That means paying close attention to your unique circumstances and being thoughtful and diligent about your high-net-worth financial planning.

New Year’s Day always seems to bring an air of magic along with it. It’s a new beginning, an opportunity to wipe your slate clean, make big changes, and start fresh. That’s what new year's resolutions are all about. Perhaps you want to work out more or spend less time watching tv and more time reading, or pursue that hobby you’ve always been interested in but never made the time for. Whatever your new year's resolutions are, the magic isn’t in making of the resolution itself, but in sticking to it.

One resolution that you hear often is financial health, and the new year is the perfect chance for people to finally change their money habits and gain a more robust understanding of their personal finances. Financial fitness can be a difficult resolution to stick to and achieve, but these five resolutions can help you increase your financial health today and throughout 2021.

Caring for children can quickly leave you feeling overextended, and caring for aging parents can, too. When you’re doing both at the same time, however, it can be challenging to manage the stress. This internal battle is waged every day by mothers in the “sandwich generation.” These are women aged 35-54 who are balancing the needs of both growing children and aging parents. It’s a demanding, delicate act and it’s causing sandwich generation mothers to face levels of stress far greater than others, including financial stress. After all, when you’re trying to save for college, fund your own retirement savings, and care for your parents’ growing needs all at once, your paychecks can easily be stretched to an uncomfortable degree. If you find yourself in this situation, read on for tips to help you cope with the pressure.

There is so much to consider when making investment decisions, especially when you’re working toward meeting specific short- and long-term financial goals. This is certainly true of the tax implications of your investment strategy, as taxes can reduce your investment returns from year to year and jeopardize your ability to achieve your goals. This is especially true if you fall into a higher federal income tax bracket, making it even more important to consider the impact of taxes when making any changes to your investments. While you should always consult with a tax professional regarding your unique investment and tax scenarios, the following six tax-efficient investing strategies may be beneficial to your finances.

The passing of a family member is always a painful time. Sometimes, however, the pain can be compounded by financial stress. This is especially true if your loved one died with outstanding debts that must now be paid. A complex process exists for handling debts of a decedent in estates, and it requires careful planning that we’ll discuss below.