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Financial Planning for Polyamorous Families


Michael Golosovker
January 24, 2023

If you're in a polyamorous relationship, you know that managing your finances can be a whole other level of complexity, but the good news is that there is help for you! In this article, I'll explore some of the unique financial planning challenges that polyam families might face and provide some tips and resources to help you navigate them.

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Equity Compensation

aka "What is this other stuff I'm being paid with?"


Michael Golosovker
July 11, 2022

Equity compensation (or “equity comp” as we like to say, to try and sound more cool) is more common than you might think. The most famous type is probably stock options for senior executives, but they are just one out of many kinds of equity comp (see how ultracool I am?) that are out there.

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How much life insurance should you have?

It's not a strict formula


Michael Golosovker
May 10, 2022

There are a million articles and rules of thumb for how much life insurance you “should” have. “Should” is in quotes because life insurance is fundamentally an altruistic act. It's something you do for the people you leave behind because you feel a sense of obligation, duty, or generosity. It is, in short, a mix of financial elements and psychology (welcome to everything in finance!). So rather than a strict equation to determine how much to get, here is a list of categories to consider building into your total death benefit. For any category you want to include you decide how much money you want to cover it. At the end, you add up all the categories to get a final total that represents your specific desires for what you want to provide if you die unexpectedly.

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Tax Diversification


Michael Golosovker
April 3, 2022

You've probably heard of the concept of “diversifying your portfolio” before, probably when someone is talking about picking their investments. But diversification goes far beyond just investment choices and it's important to think about other ways it impacts your future and planning. One big way is something called Tax Diversification1 and it's a key factor for a successful retirement.

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Contact Us:
mike@champion-strategies.com
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Disclosure

Michael Golosovker is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of AZ, CA (CA Insurance License #0I52973), CO, CT, FL, MA, ME, NC, NH, NJ, NY, OH, OK, VA, VT, WA, and WI. No insurance business may be conducted outside the states referenced.

As a New York Life Agent, Michael Golosovker is licensed and authorized to offer insurance in California, but Champion Financial Strategies & Insurance Solutions may not be. For additional information on California licensure status, please click here.

Michael Golosovker is a Registered Representative of and offers securities products & services through NYLIFE Securities LLC, Member FINRA/SIPC, a licensed insurance agency, and a wholly-owned subsidiary of New York Life Insurance Company, 199 Pine Hill Rd, Hollis, NH, 03049, 857-544-3104. In this regard, this communication is strictly intended for individuals residing in the states of AZ, CA, CT, FL, MA, ME, NC, NH, NJ, NY, OH, OK, RI, VA, VT, WA, and WI. No offers may be made or accepted from any resident outside the specific states referenced.

Michael Golosovker is also a Financial Adviser with Eagle Strategies LLC, a Registered Investment Adviser, and a wholly-owned subsidiary of New York Life Insurance Company, offering advisory services in the states of AZ, CA, CT, FL, MA, ME, NC, NH, NJ, NY, OH, OK, RI, VA, VT, WA, and WI. As such, these services are strictly intended for individuals residing in the states referenced.

Champion Financial Strategies & Insurance Solutions is not owned or operated by NYLIFE Securities LLC or its affiliates.

Neither Champion Financial Strategies & Insurance Solutions nor its associates are in the business of offering tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.

For more information about NYLIFE Securities LLC and its investment professionals.

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