Infiniti Wealth Management

09/14/2021

“Inflation destroys wealth.

A bag of groceries costing $20 in the year 1980, would have cost $32.62 in the year 2000 and costs $63.08 today.

The dollar loses value over time.

Invest accordingly.” - Peter Mallouk

08/30/2021

"...about half of people turning age 65 will require some type of paid long-term care in their lifetimes. Women will need 3.7 years of care, on average, while males will need an average of 2.2 years. The cost of nursing-home care in a private room has passed the $100,000/year mark, and in major urban areas, the cost of care runs even higher than that."

Many people put off creating a long-term-care plan. This step-by-step guide can help you get over inertia, dread, or both.

11/19/2020

https://www.usatoday.com/story/money/investing/2020/11/11/biggest-investing-mistakes-financial/43051303/

Investing is key to building wealth, but you could undermine your efforts if you make some common errors.

11/19/2020

A lot of good information about investing...

Investing is key to building wealth, but you could undermine your efforts if you make some common errors.

10/16/2020

According to a new study by Charles Schwab, Baby Boomers on average have $920,400 saved for retirement but expect to spend $135,100 per year to sustain their ideal lifestyle in retirement. That means their savings would run out after seven years. Not a good plan!!

10/13/2020

"Through divorce or widowhood, eight out of 10 women will end up solely responsible for their financial security during their lives."

It’s not just a matter of principle. When women defer long-term money decisions to their partners it leaves them exposed.

08/24/2020

https://www.riskhedge.com/outplacement/why-owning-stocks-is-the-single-best-way-to-get-rich/RCM

The world’s richest man just made history. Amazon (AMZN) founder Jeff Bezos set a new record when his net worth jumped by $13 billion in one day.

08/12/2020

https://www.thinkadvisor.com/2020/07/22/7-things-your-clients-estate-plan-might-be-missing-morningstar/?kw=7%20Things%20Your%20Client%27s%20Estate%20Plan%20Might%20B

You may have all the documents in order, but these extra steps can make life much easier for heirs, Morningstar's Christine Benz writes.

07/28/2020

https://www.thinkadvisor.com/2020/07/27/how-much-money-does-it-take-to-be-wealthy/?kw=How%20Much%20Money%20Does%20It%20Take%20to%20Be%20Wealthy?&utm_source=email&utm_medium=enl&utm_campaign=dailywire_2storytemplate&utm_content=20200727&utm_term=tadv

Schwab asked Americans this question in January and again five months later, and it found a significant shift.

07/14/2020

"66% of wealthy investors say COVID-19 has impacted how they think about money."

Newly-released UBS data revealed that at least 75% of wealthy investors think “life will never be the same again.”

07/13/2020

"Be a yardstick of quality. Some people aren't used to an environment where excellence is expected." - Steve Jobs

06/24/2020

"Taking better care of you today ups the odds that you will enter retirement in better health. That’s going to be worth so much, as a healthier you can make the most of enjoying retirement." - Suze Orman