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Retirement Planning

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Buy, Borrow, Die: Not Best for Everyone

With interest rates near historic lows and the market near all-time highs, there are more people borrowing against their portfolios than ever before. Using debt wisely to increase wealth and reduce taxes is not a new concept; however, recently, there has been a spotlight shined on the concept from Wall Street Journal’s article “Buy, Borrow, […]

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Top Considerations for Your Post-COVID Travel

At BDF, our mission is to help clients enjoy a full life. And for many, that full life includes travel. Unfortunately, we have been unable to travel over the past eighteen months as we did before the pandemic. Yet, as more of us become vaccinated and as the world gradually reopens, there is hope for […]

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Leaving Your Job? 4 Executive Compensation Considerations

Thinking about leaving your job? You’re not alone. 2021 is turning into the “Big Resignation,” with millions either quitting or thinking about leaving for greener pastures. If you are a professional falling into this camp, what does that mean for your Executive Compensation? Here are key considerations if you’re thinking about making a leap. 1. […]

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RainCatching™ Revisited

As the economy continues to get back to normal, lawyers are busier than ever.  With private equity firms and public company balance sheets brimming with cash, there continues to be historically high M&A and other activities that require the work of lawyers. Given how well many law firms are performing, I thought it would make […]

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Working Wealthy – Prioritize Your Estate Plan

Maybe we should start calling estate planning something other than an estate plan. For some, it feels like an imposing name or phrase, an estate plan. When I think of an estate, I think of the English countryside with rolling green manicured lawns and a stately mansion nestled in the middle of all the green. […]

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Top 5 Ways To Help Aging Loved Ones

When your aging parents or other loved ones need help, it can be unsettling and overwhelming.  It often happens gradually and perhaps unnoticed, and then suddenly can become urgent to figure out what they need, understand the many options, and then step in to make decisions.  From talking to our clients, we have identified 5 […]

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How Do I Gift My Carried Interest?

After meeting with your personal CFO and financial team, you have determined, as a private equity professional, that gifting carried interest fits within the scope of your long-term financial goals. You have reviewed future cash flows, potential income and estate tax savings, and the amount of estimated growth you are shifting to future generations. The […]

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3 Important Tips To Help Business Owners Prepare for Life After the Business

How many times have you heard someone say, “When I retire, I want to move somewhere warm and play golf”?  Does that sound familiar?  While it certainly sounds nice and may work for some people, it is hardly an effective retirement plan.  It goes without saying – if that is the only planning being done, […]

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Key Ingredients: Time, Health, and Money

What factors have made your retirement so successful? This is the very question I asked Doug and Debbie over dinner in their Florida condo overlooking the Gulf of Mexico. I have been fortunate to know Doug and Debbie for over a decade, and they have truly mastered the art of retirement. Deb, as usual, cut […]

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Counselor Cobbler, Do Your Children Have Shoes?

There is an old (very old, I think) saying that goes something like this… “the cobbler’s children have no shoes.”  The idea, of course, is that the cobbler is so busy making shoes for other people that he doesn’t take time to make sure his children have shoes.  In my experience, lawyers can quite often […]

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Working Wealthy – It’s Not Easy Waiting

This past winter, I built an ice rink in our backyard. It was a labor of love—for every hour of work that went into it, we probably enjoyed about 10 minutes of equivalent ice time. Even with that trade-off, it was entirely worth the effort. Attempting to be a good neighbor in our new home, […]

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Gifting of Carried Interest – A Strategy To Save Estate Taxes

One of the common pain points for financial professionals (private equity professionals, investment bankers, and asset managers) that we hear is “I pay too much in taxes.” Most professionals typically are talking about income taxes; however, estate taxes often get overlooked. If you are a private equity professional, one of the great tactics unique to […]

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