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

 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

 

Yacht racing has captivated sailors and enthusiasts alike for centuries, blending the art of sailing with intense competition and strategy. For many, the thrill comes from the unpredictability of the wind and water, combined with the precise execution of tactics that can mean the difference between victory and defeat. This article delves into the core strategies that drive success in yacht racing and recounts some of the most exhilarating stories from the seas, highlighting the skill, endurance, and teamwork that define this remarkable sport. The Evolution of Yacht Racing Yacht racing, once a leisurely pastime of European aristocrats, has grown into a highly competitive sport that demands precision and expertise. The history of yacht racing dates back to the 17th century when sailors first began competing in organized races. The creation of the America’s Cup in 1851 marked the beginning of international competitive yacht racing, and today, this trophy remains one of the most prestigio

 Effective asset allocation is the cornerstone of successful investing and is essential for optimizing wealth growth over time. By strategically dividing your investments among different asset classes , you can manage risk while seeking the best possible returns. This article explores how to allocate assets intelligently, helping you build a robust investment portfolio that aligns with your financial goals and risk tolerance.  Understanding Asset Allocation Asset allocation is the process of dividing your investment portfolio among various asset classes, such as stocks, bonds, real estate, and cash. The goal is to balance risk and reward by adjusting the proportion of each asset class based on your financial objectives, risk tolerance, and investment horizon. A well-designed asset allocation strategy is fundamental to achieving long-term financial success. The key to effective asset allocation is understanding the characteristics of each asset class. Stocks, for example, offer the pote