Core Insights - Households with retirement portfolios exceeding $2.5 million are in the top 8% of American households, significantly above the average retirement savings target of $1.26 million [1][2] Group 1: Asset Management Strategies - Reassessing asset allocation is crucial for wealth preservation, shifting towards a more conservative and diversified asset mix [3][4] - The average ultra-wealthy family allocates approximately 28% in public equity, 26% in private equity, 12% in cash, 10% in fixed income, 9% in private real estate, and 6% in hedge funds, suggesting a diversified approach to protect portfolios [4] Group 2: Debt and Tax Management - Minimizing leverage is recommended for multi-millionaires, as reducing or eliminating debt can enhance financial stability [5] - High-net-worth Americans prioritize tax strategies, with taxes being a greater concern than outliving retirement savings, highlighting the importance of effective tax planning [6] Group 3: Inflation Concerns - Inflation poses a significant risk to wealth, affecting retirees and those on fixed incomes, necessitating strategies to guard against its impact [7]