{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The DOC Podcast","title":"Rethinking Wealth: Why Traditional Advice May Be Holding You Back (w/Mark Miller) [Ep.130]","html":"","width":"100%","height":180,"duration":3584,"description":"In this episode, I welcome Mark Miller, a financial powerhouse with nearly 40 years of experience advising business owners, doctors, 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.\"\nKey Topics Discussed:\nRetail vs. Smart Money Investing:\nMark 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.\nThe Family Office Model:\nLearn 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.\nTax Efficiency and Qualified Plans:\nThe 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.\nPortfolio Diversification and Alternative Investments:\nMark 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 He emphasizes the need for true diversification beyond the outdated 60/40 model.\nActionable Tips for Professionals:\nMark’s top advice for listeners:Prioritize safety and security in your investments....","thumbnail_url":"https://img.transistorcdn.com/Wf6VIMhB_ulpfJzsJlix0BOF0i4W9yk8xxJ6-5X1Y6E/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQxOTI3LzE2OTg2/MzExNDktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}