Select Page

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

Proposed Tax Legislation

The House Ways and Means Committee just released a draft of the Democrat’s highly anticipated tax legislation. While we’ll likely see changes to this version of the bill, I want to provide information on some of the most impactful changes – as we understand them...

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....

Why You Should Have an HSA

Health Savings Accounts (HSA) are an underutilized saving vehicle for current and future health care costs. HSAs are a tax-advantaged savings account available to individuals who are part of a high-deductible health plan (HDHP). Below are key facts and just a few...

Focus on Your Net Worth

Net Worth = Assets - Liabilities Three Truths and a Belief: Truth 1: A High Income ≠ A High Net Worth Your income doesn’t drive your net worth; what you do with it does. During the ‘what are your intentions’ conversation with my future father-in-law, he told me a...

3 Ways Tax Loss Harvesting Can Reduce Your Tax Bill

Key Takeaways You can use realized losses to offset realized gains and/or reduce up-to $3,000 of earned income in a tax year.Knowing the holding period of your investments is very important. Short- term gains have the potential to double your tax liability compared to...