Charles Kenahan | Managing Director/Financial Advisor | Newport, Rhode Island

Yacht racing is an exhilarating sport that challenges sailors to push their limits while embracing the beauty and unpredictability of the sea. While it may seem daunting to newcomers, competitive sailing offers an accessible entry point for anyone willing to learn the basics. It requires more than just speed; teamwork, strategy, and an understanding of the rules make yacht racing a complex and thrilling endeavor. Whether you aspire to sail competitively or simply want to experience the joy of racing, this guide will help you get started on the right course. Getting to Know the Essentials of Yacht Racing   Yacht racing is far from a simple dash from one point to another. Competitors navigate a course filled with markers, strategic challenges, and shifting weather conditions. Each race is unique, testing a sailor’s ability to think critically while managing their boat. From short sprints around a series of buoys to multi-day offshore races, the variety keeps the sport dynamic and exciti

Wealth management is like navigating an intricate maze. It’s a journey that requires careful planning, strategic decisions, and the flexibility to adapt when the unexpected arises. Whether you're building your wealth from the ground up or preserving it for future generations, the process involves more than just smart investing . It’s about crafting a holistic strategy that protects, grows, and ultimately passes on your legacy. Let’s explore the key strategies for mastering the art of wealth management with creativity and insight. 1. Wealth Management: More Than Just Money Wealth management is about far more than accumulating dollars and cents. It’s about aligning your financial resources with your life’s goals and passions. Think of wealth as the fuel that powers your life’s engine, allowing you to pursue dreams, support loved ones, and leave a lasting legacy. To begin, ask yourself: What does wealth mean to me? Is it about financial independence, securing your family’s future,

 Yacht racing is a dynamic and challenging sport that combines the thrill of competition with the beauty of seafaring. Participants must not only be skilled in handling their vessels but also adept in strategy and quick decision-making. The sport is marked by prestigious events that test the mettle of the world's best sailors, where strategic planning, team coordination, and mastery over navigational tactics play crucial roles in achieving victory. As the sport evolves, so does the technology and approaches, including the increasing focus on sustainability and technological integration to improve performance and reduce environmental impact. This summary encapsulates the essence of yacht racing, highlighting the key aspects that make it a unique and compelling competitive activity. Yacht Racing Essentials Yacht racing combines the thrill of competition with the beauty of sailing, attracting enthusiasts who crave adventure on the high seas. The sport has evolved from its humble begin

Estate planning is an essential part of financial management . It ensures that your assets are distributed according to your wishes and that your family is provided for in the event of your passing. Unfortunately, many people delay or avoid estate planning due to misconceptions or a lack of understanding. This guide will help you navigate the critical components of estate planning and protect your legacy with confidence. The Basics of Estate Planning At its core, estate planning is about deciding how your assets will be handled during your life and distributed after your death. While many think estate planning only applies to the wealthy, it is beneficial for everyone, regardless of financial status. A well-crafted estate plan ensures your wishes are respected and can save your loved ones from potential legal battles or costly taxes. Creating an estate plan also provides peace of mind by addressing other essential matters, such as healthcare decisions and the guardianship of minor chil

Wealth management is more than just growing your assets—it's also about preserving them by minimizing tax liability. In today's complex tax environment , effective tax strategies can significantly affect the growth and protection of your wealth. By employing a tax-efficient strategy, you can retain more of your hard-earned money and optimize your financial future. Here are key strategies to help you minimize tax liability while maximizing returns. The Benefits of Tax-Deferred Accounts One simplest and most effective way to minimize tax liability is to take advantage of tax-deferred accounts such as traditional IRAs, 401(k)s, and 403(b)s. These accounts allow you to contribute pre-tax income, reducing your annual taxable income. The money in these accounts grows tax-deferred, meaning you won't pay taxes on the earnings until you start making withdrawals in retirement. By deferring taxes until later in life, you can allow your investments to grow without the drag of taxes eac