Michael D. Barone SGWP

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42% of Americans wouldn’t know what to do if a family member died today, and that jumps to 56% among those without an es...
08/27/2026

42% of Americans wouldn’t know what to do if a family member died today, and that jumps to 56% among those without an estate plan.

📄 Get organized before you talk: Have your plan in place, then make sure family knows where to find your will, financial information, and other important documents.

❤️ Explain choices that may surprise them: Unequal inheritances or unexpected decisions can create tension, so sharing the reasoning behind them may help reduce confusion later.

👥 Choose who’s in charge carefully: One executor with alternates, or a neutral third party, may be simpler than asking multiple people to make every decision together.

See six ways to make estate-planning conversations easier and more productive: https://bit.ly/3UbRjHP

It can be hard to talk about estate planning, especially when it comes to your parents, siblings or children. Here's how to get past the awkwardness.

Building wealth is one thing. Keeping it is a whole different skill set. 📊 Know what you have: Take stock of your cash, ...
08/26/2026

Building wealth is one thing. Keeping it is a whole different skill set.

📊 Know what you have: Take stock of your cash, retirement accounts, real estate, investments, and business interests so you have a clear picture of your finances.

🎯 Plan your spending, not just your saving: Think ahead to travel, healthcare, charitable giving, and other goals so your money continues to support your priorities over time.

📉 Manage debt and taxes: Paying down high-interest debt can reduce what you lose to interest, while thoughtful withdrawal and tax planning may help you keep more of what you’ve built.

See the full checklist for managing and protecting wealth over the long term:

A step-by-step framework to protect, grow and pass on your wealth across generations.

“If you have to ask, you can’t afford it” may work for yachts. When it comes to your portfolio, not asking could be cost...
08/24/2026

“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: https://bit.ly/4hRCd42

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

A mini-fridge isn’t the only college essential worth checking off the list. Before move-in day, have a talk to help your...
08/21/2026

A mini-fridge isn’t the only college essential worth checking off the list. Before move-in day, have a talk to help your student build a strong financial foundation.

💵 Cover the basics: Help your college-bound student understand how everyday financial choices around spending, saving, and borrowing can affect their future.

🏦 Build an emergency fund: Setting aside cash for unexpected costs can help them avoid debt or tapping long-term savings when life throws a curveball.

💳 Explain credit: A credit card is borrowed money, not extra income. Show them how unpaid balances can add interest and affect their credit history.

Want more ways to stay involved in your student’s finances without hovering? Read more: https://bit.ly/4gvnhY6

Your child might have all their dorm supplies, but have they got everything they need to be financially independent when they start college?

Moving near the grandkids can sound like the perfect retirement plan, but there’s more to consider than family time.🤔 Ch...
08/20/2026

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: https://bit.ly/4wzTfHu

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.

Retiring doesn’t have to mean retiring your friendships, but staying connected may take more effort once the office rout...
08/19/2026

Retiring doesn’t have to mean retiring your friendships, but staying connected may take more effort once the office routine disappears.

-Reach out first: Schedule regular coffee chats, calls, or meetups with former coworkers.
-Build community: Join clubs, classes, or volunteer groups to expand your social circle.
-Find new common ground: Connect over hobbies, travel, or other interests beyond work.

Learn why workplace bonds often fade after retirement and what can help keep meaningful connections strong: https://bit.ly/4hxELUO

When you retire, you lose more than a job — you lose daily connection. Here are ways to keep your favorite colleagues in your life after you step away

Turning 26 soon? Here's what you need to know before losing your parents' health insurance. Depending on your state, you...
08/17/2026

Turning 26 soon? Here's what you need to know before losing your parents' health insurance. Depending on your state, you might be able to extend your coverage—or need to explore new options. Get the details and make sure you're prepared: https://bit.ly/3TJfSZl

And how to get your own health insurance.

Only 16% of Gen X workers say they’re very confident they can retire comfortably. If you’re feeling behind, there are st...
08/12/2026

Only 16% of Gen X workers say they’re very confident they can retire comfortably. If you’re feeling behind, there are still ways to strengthen your savings.

📊 Check your progress: Fidelity suggests having about 6x your salary saved by age 50; compare your current balance with your own retirement goals.
💰 Use catch-up contributions: In 2026, workers 50+ can contribute an extra $8,000 to a 401(k) or $1,100 to an IRA, above standard limits.
🏥 Make the most of an HSA: If eligible, contributions offer tax advantages, unused funds can be invested, and qualified medical withdrawals are tax-free.

Explore more strategies for building retirement savings in your 40s and 50s: https://bit.ly/4g3S3WK

Saving for your retirement in your 40s and 50s may mean playing catch-up. Here's how to save more and pay less in taxes now and after you retire later.

88% of U.S. adults report feeling financial stress. A clear plan can help turn money worries into practical next steps.📊...
08/11/2026

88% of U.S. adults report feeling financial stress. A clear plan can help turn money worries into practical next steps.

📊 Take inventory: Gather statements for your bank, retirement, investment, credit card, and loan accounts, then compare your monthly income with your spending.
🎯 Set real goals: Think about where you want to be in 3, 5, and 10 years, then connect today’s finances to those priorities.
🔄 Automate and revisit: Put savings on autopilot where possible and review your plan yearly or after major life changes.

Learn how a financial plan differs from a budget and how to start building yours: https://on.wsj.com/4wlNT2A

A personalized roadmap for reaching your goals.

Inheriting an IRA can be both a gift and a challenge. The rules are complex, but knowing the basics can help protect you...
08/10/2026

Inheriting an IRA can be both a gift and a challenge. The rules are complex, but knowing the basics can help protect your retirement:

-The 10-Year Rule: Most beneficiaries must fully withdraw all funds within 10 years of the original owner's death.

-Minimize Taxes: Spreading out withdrawals over the 10-year period can help you manage your tax bracket and reduce your tax burden.

-Consult & Communicate: If there are multiple beneficiaries, consider separating the account.

Learn what steps to take when managing an inherited IRA: https://bit.ly/fgufjsuoiklW

Managing inherited IRA distributions can be a tricky proposition. Take the time to learn the process and avoid prohibitive tax penalties.

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110 John Robert Thomas Drive
Exton, PA
19341

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