Tencap Wealth Coaching

08/23/2024

Ensuring your family's financial future goes beyond just saving—it's about smart financial planning. Focus on key areas like your children’s education, long-term investments, and protective measures.

By mastering estate planning, insurance, and tax strategies, you can safeguard and grow your family’s wealth. Partnering with a financial advisor can help you build a lasting legacy that benefits your loved ones for generations.

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When it comes to worrying about what’s best for your family, there are certain things you cannot ignore. Whether you aim for the education needs of your children, personal financial security in the future, or planning for future generations, planning in the financial aspect is compulsory. The last...

08/19/2024

In uncertain times, financial stability is key. To safeguard your family's financial future, preparation and education are your most reliable allies. We’ve compiled 8 essential money tips designed to empower you and help your family navigate any challenges with confidence!

With our team of experienced financial advisors by your side, your financial future is in great hands. Let’s secure your future together!

Learn how Tencap's comprehensive financial planning services can empower high-net-worth individuals and families to navigate uncertain financial landscapes with confidence. From creating emergency funds to diversifying income streams and prioritizing debt repayment, discover eight essential strategi...

08/16/2024

Why do the high-net-worth individuals seek the expertise of financial advisors? The answer lies in the profound benefits of comprehensive financial planning.

At Tencap, our financial advisors offer a personalized approach in analyzing your financial situation to create a detailed financial strategy. Our mission is to provide clients with the tools and strategies needed for lasting financial success.

Learn more about what a financial planner can do for you in this guide:

At its core, comprehensive financial planning (should) give you access to a credentialed professional who will help you transform the way you organize and

08/08/2024

Securing your family's well-being involves thoughtful financial planning. From funding your children's education to preparing for future generations, every step matters.

Discover how to create an estate plan that protects your assets, ensures smooth transfers to beneficiaries, and maximizes tax exemptions. Take steps today to protect your loved ones' future!

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When it comes to worrying about what’s best for your …

08/05/2024

What level of service should you expect from your financial advisor? What standard of care is possible?

If you are not experiencing excellence, it's probably time to interview another firm.

Read our blog to learn the signs that you may want to interview a new financial advisor:

If your current financial advisor isn't prioritizing your interests, a new one might. Read this blog to learn the process of switching financial advisors.

08/02/2024

For most, amassing significant amounts of money takes a lot of wisdom, discipline, hard work and tenacity.

What sets high-net-worth individuals (HNWIs) apart from regular earners? How can you become an HNWI yourself? Find out in this article.

Increasing your net worth is one way to be financially secure. Learn what a high-net-worth individual is in this blog.

07/28/2024

Do you know what a 401(k) plan is? How about a fiduciary or the term dollar cost averaging? You may encounter these terms and more when managing your finances and working with a financial advisor.

Don't fret—we're here to guide you through the maze of confusing jargon.

Check out our glossary of financial planning terms:

You'll encounter many financial planning terms when working with a financial advisor. Learn about them with our glossary.

07/27/2024

A will is a blueprint of how your assets will be distributed upon death. However, what happens to your wealth if you pass away without proper estate planning?

It’s simple, you still have an estate plan, you just have a government sponsored estate plan, not your own.

In Utah, intestate succession laws are an attempt to organize and clarify situations where a professional estate plan has not been created.

Learn more about Utah's intestacy laws in this article:

Where do your assets go upon death if you don't have a will prepared? Let's explore Utah's intestate succession laws to help you get clear on this.

07/26/2024

Discover Utah's healthcare landscape with insider tips on insurance, preventive care, and financial empowerment from Tencap. Elevate your health and wealth today!

The Beehive State's healthcare system has advantages and concerns. Discover the state of healthcare in Utah and its implications in this guide.

07/25/2024

Don't let taxes diminish your Social Security benefits! Regardless of your net-worth, tax strategy should be top-of-mind for everyone! Our guide shares 9 ways to potentially reduce tax implication on your retirement benefits!

Yes, your social security benefits are taxed. Fortunately, you have some options to reduce the IRS’ cut on your hard-earned money. Here are some of them.

07/24/2024

Financial planning is essential for executives, considering the high-stakes nature of their roles. In our experience executives often have to give an egregious amount of time to their positions. As such many overlook important aspects of an enduring financial plan. That causes them to miss out on significant wealth-building opportunities.

Let us help you get to a place where you can retire. From there, you can decide when to retire.

What are those oversights, and how can executives turn them around? Learn more:

Financial planning for executives is essential, given your role’s demands. What aspects of your financial plan might you be overlooking?

07/23/2024

High-net-worth individuals, are you maximizing your tax savings? Tencap is leading each client through a tax planning conversation. Here are several strategies you can use to mitigate your tax liability.

The higher your income bracket, the more you feel the burden of taxes. However, there are ways to mitigate taxes. Learn about high-net-worth tax strategies here.

07/01/2024

Tencap's CEO cites several business fundamentals that have made a meaningful difference in building and scaling multiple financial planning firms.

If you are a manager or executive, it's likely you will take something away from this read.

If you are looking for a financial advisor, you can get a sense for who Tencap Wealth Coaching is and if this is the type of firm you want to interview.

Consistently hitting excellent results starts with language and a culture of excellence. Results and performance start with structured leadership

06/11/2024

Navigating divorce and finances is far from easy. Get insights on untangling assets, tax implications, and financial strategies for a smooth transition.

For a smoother transition during divorce, you need expert advice on effective finance management on top of legal counsel. Read our comprehensive guide.

05/24/2024

Are you retiring soon? Or perhaps you'd like to get a head-start on retirement planning?

Many dream of settling in Utah because of the stunning landscapes and outdoor activities. But there's more to it than meets the eye. Learn about the state's tax-friendly policies and tax considerations for optimal retirement.

Don't miss out on this essential guide for planning your golden years in the Beehive State!

Whether retirement is far off or near, it's best to prepare early. Learn the ins and outs of Utah taxes for retirees and other considerations.

05/15/2024

When was the last time your financial advisor helped you deploy tax strategies that even your CPA couldn’t see? If the answer is never, it may be time to interview another financial planning firm. The tax code is constantly changing. Here are some IRS changes Tencap is tracking for 2024. Find out what some of them are in this article to maximize your financial strategy and plan around these new changes.

https://www.tencap.com/blog/irs-tax-changes/

The 2024 tax changes bring about new challenges and opportunities. Learn more about them in this article and adjust your financial plan accordingly.

04/21/2024

Our latest blog shares practical wealth management tips tailored for high-net-worth individuals. Learn how to optimize tax efficiency, why you should include philanthropy in your financial plan, and many more. Don't miss out on boosting your financial literacy and unlocking the potential to building and securing your wealth.

Wealth management comes with challenges, especially with high-net-worth individuals. Learn financial planning tips and insights here.

04/19/2024

Is a financial planner worth the cost? What value could a financial planner add to your financial world?

Discover where/how a financial planner can add value and what to look for as you interview various financial planners.

Achieving your long-term financial goals is doable with the right strategies. Learn how to find a reputable financial planner in this guide.

04/18/2024

Are you considering the services of a financial advisor?
There's no need to navigate personal finance alone, especially if you're a high-net-worth individual.

Consider these tell-tale signs it's time to partner with a financial professional in this post.

Plus, discover the role financial guidance plays in attaining your financial goals and securing your future.

The right financial advisor adds tremendous value and organization to our clients lives. Know the milestones that suggest when to consider hiring a financial advisor.

04/15/2024

Take control of your financial future with these eight tips! Our guide helps you overcome the complexities of wealth management with confidence. Don’t let financial disorganization hinder your prosperity – start organizing and optimizing today!

Knowing how to organize finances can maximize return, and reduce risk. Don’t miss any of the prudent ways to keep more of your hard-earned money! Secure your financial future and be organized and responsible in each category of your finances! Learn high-level strategies here

03/04/2024

Don't let taxes erode your Social Security benefits! Regardless of your net worth, tax strategy should be top-of-mind for everyone! Our guide shares 9 ways to potentially reduce tax implications on your retirement benefits!

Yes, your social security benefits are taxed. Fortunately, you have some options to reduce the IRS’ cut on your hard-earned money. Here are some of them.

03/04/2024

Navigating the golden years requires a healthcare compass. Read this article to learn more about Medicare in Utah for a healthy and financially secure future.

Keep your golden years healthy with a comprehensive healthcare plan. Read here to learn how to achieve a healthy and wealthy future with Medicare in Utah.

02/25/2024

If you are ready to build a financial plan, or if you would like a second opinion on your existing plan, call our team, today!

Transforming Your Investing Experience

02/15/2024

Did you know that Utah is the most debt-ridden state?

From living below means to negotiating rates, learn savvy strategies and practical tips to discover how you and residents alike can conquer this mounting problem.

Read on to uncover more ways to address Utah's debt and secure your financial future!

Discover what you can do to help ease Utah's debt challenges while forging a path toward your personal financial goals.

02/02/2024

Managing your finances can be overwhelming, especially for high-income earners. This is where a financial advisor comes in.

An experienced and knowledgeable financial advisor can help you wade through the complexities around your financial world. On the other side of working with a group like Tencap is a level of preparation and responsibility that you don’t know exists.

What should you be clear on as you interview advisors or evaluate the one you are working with now? Review this blog to know which type of financial advisor makes the most sense for you.

Need help managing your wealth? Read on to learn about different types of financial advisors and how they can help you manage and even grow your finances.

01/31/2024

Understanding the differences between the various certifications for financial advisors can help you reach financial success.

In this article, discover how these designations can shape your path to a secure and informed financial future.

There are different certifications for financial advisors, each representing a unique set of skills and expertise. Read this article to learn more about them.

01/23/2024

One of our financial advisors had setup a financial plan for a family years ago. In October of 2023, a wife and mother was looking for ways to reduce costs. She phoned her advisor and asked if their life insurance policy was really worth keeping or not. Our advisor strongly advised her not to cancel such a thing and to look elsewhere for cost savings.
Within 30 days her husband died unexpectedly, leaving her to raise her family alone.
This wife and mother has plenty to manage and deal with, but she is financially secure. Dealing with the death of a loved one is always heavy, but dealing with the death of a spouse and trying to fend for your family financially is a level of hard I do not wish on anyone!
I implore you - if you do not have a solvent financial plan with an advisor that is capable of reviewing everything that rolls up into your financial life, it’s time to get serious about the solvency and responsibility around your:
-Estate planning
-Insurance coverages (all insurance coverages – home, auto, umbrella, disability, life, etc.)
-Money Management
-Tax Strategy (Tax Planning)
If you are interested in a second opinion, or if you need to get started on creating a financial plan, give us a call.

01/23/2024

Elevate your financial game with the Roth IRA Conversion Ladder! Discover key strategies for tax-smart transitions and long-term success.

Master strategies for long-term financial freedom upon retirement. Convert your retirement accounts with the Roth IRA conversion ladder. Read how.

01/11/2024

Over our careers we have watched dozens of high-income earners have to deal with a surprise tax bill. To say that another way, people often are uninformed about the tax implication of various decisions and transactions going on in their lives. When do these individuals and families learn what the tax bill is? When they file and it’s too late to do anything and they have to come up with the cash!

This world of complexity and lack of coordination between your CPA and Financial Advisor can so easily be avoided. Tencap is reviewing our clients tax returns each year. We are looking for intelligent yet ethical way to reduce your tax bill and make sure that our clients have intelligently accounted for their tax noise for the year and they are informed and prepared.

If you are interested in working with a financial planning firm that is paying attention to your tax planning and your investment planning, Tencap would like to introduce ourselves and earn your business.

Transforming Your Investing Experience

12/22/2023

https://www.msn.com/en-us/news/other/tencap-wealth-coaching-experiences-explosive-growth/ar-AA1lPLst?disableErrorRedirect=true&infiniteContentCount=0

We are very proud of what our team has been able to accomplish thus far! Tencap is full of bright talent and grit.

With the high-level comprehensive financial planning that we offer, an intelligent and academic investment methodology and one of the most sophisticated spend-down strategies I have ever seen, you can count on additional banner years from our group!

We are thrilled with our explosive growth and we are excited about the future!

Nothing validates a company's success like explosive growth. With the recent announcement of the opening of three new o