How much conservative money should I have? Should I have a 6040 portfolio?

Should I invest in a little dividend paying stock so I can live just on the dividend income going forward?

Should I worry about Roth conversions? Because I see a lot of wealthy people. I'm in these friend groups and they're always talking about them.

But I know I also have a lot of money I inherited because I'm part of that sperm and egg club. So does that apply?

How do I use this money to help support my family, my children, my grandchildren? How do I pass

this on most effectively? Do I need a basic trust or are there more complex things that I need to

look out for because of how much money I have and might really have? What tax strategies are most

important when I have more than $10 million

in my portfolio versus when I have less? How many people do you think have a net worth

north of $10 million in the United States? Ten million is a lot. I think it's a low percentage,

but there's a lot of people in America. I'm going to say 25,000.

25,000 is a good guess, but according to Fidelity, you're off by about $100,000, because you can see Fidelity says here in 2023, there were 147,000 individuals that were considered ultra high net worth. Now, what is ultra high net worth? Well,

Fidelity says it's someone who has 30 million or more in investable assets. That is a lot more

than I would have thought. And today's show, this is a collaboration between myself, James Kanole,

Ari Taubli, Ari is the chief growth officer at Root Financial. I'm the chief executive officer at Root Financial. And today we're going to go through a case study that's not too dissimilar from maybe what Fidelity is referencing there, from what we see in a lot of our work at Root working with clients. All right, what's the plan for today? What's the case study that we're going to look at today? We're looking at a sample case study of a couple that has

north of $10 million as a net worth, and it's going to be a fun one. I do want to say, James,

I imagine a lot of people who have just heard this intro are thinking something like this comment

here from Ben Virgil 1573, who says, and this is from a previous video, thank you, Ari, I don't have anything

remotely close to 20 million, but I still got benefit from this video.

Congratulations to those who have achieved this, although it is not my goal.

So this video is a sample case study of many clients who reach out to root seeking guidance

on what the heck do I do.

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