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

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...

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...

Active vs Passive

What is better, active management or passive investing? Those in the financial industry will debate this as ferociously as most arguments involving politics and religion. Active management implies owning mutual funds, while passive investing refers to owning an index...

An Ultramarathon on the Midstate Trail

I've been enamored by ultramarathons for the last few years. Done with being a spectator, on Jan 1, 2020, I signed up for a 50k and 50mi race. Knowing I was in uncharted waters, I chose to hire a coach. I was introduced to Joe McConaughy. Joe's not only a great person...

3 Year-End Tax Planning Ideas

For most, tax planning becomes a focal point at the end of the year, if it happens at all. The most effective tax planning starts before the next tax year. Meaning, 2021 tax planning usually begins in the last quarter of 2020. That said, the three tax planning...

The Dividend Yield Trap

Owning dividend paying companies can be part of a well-diversified portfolio, but it can also be a mathematical trap. As a quick refresher, companies have the option of paying their investors dividends in cash or stock. Most dividends are paid in cash and are on a...