Henry worked hard to get here. A great income, a beautiful home, a loving family, and a calendar that fills up faster than can be cleared. Somewhere between the promotions, Zoom meetings, kids' activities, and lifestyle creep, Henry's financial picture quietly got more complicated. Life got bigger, the stakes got higher, and finding time to update the financial plan has gotten that much harder. Henry is ready for the next level of advice.
Are you a High Earner Not Rich Yet (HENRY) or is there a HENRY in your life?
That is exactly who AdviceLab was built for. Our financial planning service is designed to meet HENRYs where they are — organized, forward-thinking, and built around the opportunities that matter most at your income level. Here are the 7 things AdviceLab helps every HENRY address:
1. Maximize the Tax-Advantaged Opportunities Available to YouFrom 401(k)s and HSAs to Roth conversions and cash balance plans, the tax-advantaged opportunities available at your income level are worth exploring fully. Using all of them strategically is one of the most powerful wealth-building moves you can make.
2. Your Taxable Brokerage Account Is a Powerful ToolOnce tax-advantaged accounts are maxed, a taxable brokerage account offers flexibility, control, and wealth-building potential that most high earners underutilize.
3. What You Own Matters. But So Does Where You Own It.Asset allocation and asset location work together. Knowing which investments belong in which accounts can meaningfully reduce your tax drag every single year.
4. Build a Foundation That Works as Hard as You DoAn emergency fund isn't just a safety net. For high earners it is also an opportunity fund that keeps you from making the wrong move at the wrong time.
5. Not All Debt Is Created EqualThe question isn't always pay it off. Knowing which debt to eliminate, which to leverage, and how to make sure none of it is working against you is one of the most underrated wealth-building skills at any income level.
6. Preserve What You've BuiltYour insurance coverage should grow with you. As your income and assets evolve, the term life, disability, and umbrella coverage you put in place years ago may no longer reflect what you have built or what your family depends on.
7. Your Future and Your Legacy Are Worth Planning ForThe people and things that matter most to you deserve an intentional plan. A will, updated beneficiary designations, and the right trust* structure make sure everything unfolds exactly the way you intend.
If you know someone navigating this stage of life, feel free to pass this along—we’re here to help!
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.
LPL Financial does not provide legal advice or services, or tax advice or services.
Asset allocation does not ensure a profit or protect against a loss.
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial. They also have access to non affiliated third parties that specialize in creating trusts and wills for use by LPL advisor’s clients.