You've met the DINKs (Dual Income No Kids).
Now meet the HENRYs.
High Earners Not Rich Yet.
HENRY's earnings are usually between $250,000 to $500,000, but have not saved or invested enough to be considered rich....YET.
HENRYs can be all different ages and have reasons they are not rich yet.
They may need to reduce debt for example.....college, credit card, mortgage.
Primarily they need help increasing contributions to retirement accounts and reducing tax obligations.
They need a financial advisor.
If a W2 worker, help them save into their corporate retirement plan, IRA, or taxable savings accounts.
If they happen to own a business, a retirement plan can move them from HENRY to rich!
Find your business owner HENRYs and let me know if we can talk to them about a starting retirement plan.
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