Rethinking Wealth: Why Traditional Advice May Be Holding You Back (w/Mark Miller) [Ep.130]

In this episode, I welcome Mark Miller, a financial powerhouse with nearly 40 years of experience advising business owners, executives, and high-net-worth individuals on how to legally minimize taxes, grow wealth, and build lasting legacies. Mark is the co-founder of Hilton Tax and Wealth Advisors alongside Bradley J. Hilton (grandson of Conrad Hilton) and author of "Hilton Wealth: How to Invest Like an American Dynasty."

Key Topics Discussed:

• Retail vs. Smart Money Investing:
  Mark explains the pitfalls of traditional retail investing—such as hidden fees, higher volatility, and risk exposure—and contrasts it with the “smart money” approach used by the ultra-wealthy and family offices. He details how institutional strategies focus on safety, security, and long-term wealth preservation.
• The Family Office Model:
  Learn how the family office concept, pioneered by the Rockefellers, brings together a team of experts (tax, investment, insurance, estate planning) to holistically manage and grow family wealth. Mark shares how Hilton Tax and Wealth Advisors are making these advanced strategies accessible to more people, not just the ultra-rich.
• Tax Efficiency and Qualified Plans:
  The conversation dives deep into the tax time bomb lurking in traditional qualified plans (401(k)s, IRAs), and why the wealthy prioritize tax-free withdrawals and efficient estate planning. Mark discusses Roth conversions, proprietary tax strategies, and the importance of planning for your largest lifetime expense—taxes.
• Portfolio Diversification and Alternative Investments:
  Mark outlines the “bucket” approach to portfolio construction, balancing safe and secure investments, income-generating assets, institutional-grade managed money, and alternatives like private equity and real estate. He emphasizes the need for true diversification beyond the outdated 60/40 model.
• Actionable Tips for Professionals:
  Mark’s top advice for listeners:
  1. Prioritize safety and security in your investments.
  2. Minimize fees to maximize long-term returns.
  3. Reduce portfolio volatility for better wealth growth.
  4. Have a proactive plan to lower your tax burden.

Resources & Contact:

• Book:
  "Hilton Wealth: How to Invest Like an American Dynasty" – Complimentary copies available at hiltonwealth.com
• Contact Mark Miller:
  Visit hiltonwealth.com to schedule a complimentary 20-minute consultation or request an assessment of your financial situation.
• Connect with Dr. Mike:
  • [e-mail]
  • Join The DOC Community on Facebook for more great content and discussions: https://www.facebook.com/share/g/1Cb9rkQVde/
  • Check out the DOC CE Courses: https://theorthocoach.com/ce-courses/

Disclaimer:
The content in this episode is for informational purposes only and does not constitute legal or financial advice. Please consult your own tax and legal professionals for guidance specific to your situation.

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