Reported 2 days ago
As wealth accumulates rapidly for many Americans, with over 379,000 new millionaires in a year, newly wealthy individuals face challenges in managing and growing their fortunes. This article outlines four typical mistakes they often make: neglecting tax planning, overlooking traditional investment strategies, feeling pressured to invest in friends or family businesses, and failing to hire appropriate financial advisors. Each of these pitfalls can hinder wealth growth and jeopardize financial security.
Source: YAHOO