Financial Planning For High-Income Earners
Reduce Taxes • Invest Smarter

Prepare for the Enhanced Child Tax Credit

Starting July 15th, monthly Child Tax Credits (CTC) will go out to U.S households. The American Rescue Plan increased the credit from $2,000 to $3,000 for children aged 6 to 17 and $3,600 for children under 6. Per the IRS website, they will pay half the total credit...

Hits and Home Runs

Do you know Joe Jackson, Tris Speaker, and Harry Heilman? If not, you’re not alone. How about Barry Bonds, Hank Aaron, Babe Ruth, Alex Rodriguez, and Sammy Sosa? All these guys played Major League Baseball. The first three names are in the all-time top-10 for career...

A Tale of Two Returns

When things are going right, no one questions their investment strategy. It’s more challenging to find the same level of conviction when you’re watching the market nosedive. Your conviction was tested in 2020. If you stayed the course, you were likely rewarded. If you...

The Map vs The Terrain

Before my first ultra-marathon, I reviewed the course map a lot. The map showed 4,700’ of elevation gain. A gain I struggled to conceptualize. For perspective, the Boston Marathon has roughly 800’ of elevation. The Manchester City Marathon had 1600’ of elevation gain....

Pump the Brakes

The narrative we create in our minds isn’t always accurate. Look at the financial media’s recent coverage of the NASDAQ’s performance. “The intense sell-off” has been a daily breaking news headline. The top 5 weightings in the NASDAQ 100 are Apple, Microsoft, Amazon,...

How to Reduce Taxable Income for High-Income Earners in 2021

If you’re a high-income earner wanting to reduce your taxable income, start with these five strategies. Max Out Your 401(k) The contribution limit for an individual in 2021 is $19,500. A married couple can reduce taxable income by $39,000. That's a tax saving between...

Discipline Equals Freedom

My life has been thousands of planning iterations. It started with planning around sports in grade school and evolved into planning wartime operations in the Middle East. Fast forward to the present, and I am helping families plan for what's important to them....