Life & Wealth
Select a Category
Posted on October 9, 2024 by Dan Pascone
Structuring a Comprehensive Financial Plan for High Earners: A 4-Part Series
In the words of personal finance celebrity Dave Ramsey: “You must gain control over your money, or the lack of it will forever control you.” Creating a solid financial plan is more than just a spreadsheet exercise—it’s a strategic roadmap that directs how your wealth grows, is preserved, and, eventually, how it supports your life’s ambitions. […]
Posted on September 30, 2024 by Dan Pascone
Smart Tech, Smarter Money: Using Personal Finance AI to Optimize Your Finances
Artificial Intelligence (AI) is far from the buzzword it was just a few years ago. It’s changing how we get stuff done, plan events, communicate, and, perhaps most interesting of all, for the financially savvy, manage our money. AI can be a lethal tool when paired with automation. From automating mundane tasks to providing personalized […]
Posted on September 16, 2024 by Dan Pascone
Why Trusts Are No Longer Just for the Ultra- Wealthy: A Practical Guide to Protecting Your Assets and Avoiding Probate
If you didn’t grow up in a family with a private jet and a nameplate estate, chances are you’ve heard of trusts but have never given them much thought. Trusts tend to carry an air of exclusivity—something only the ultra-wealthy need to worry about, right? Not so fast. While trusts are often associated with billionaires […]
Posted on September 3, 2024 by Dan Pascone
Credit Scores Demystified: The Key to Elite Financial Privileges
Imagine a financial world where every dollar you borrow comes at the lowest possible cost, every credit card you open offers elite perks, and your mortgage rate is the envy among your friends with home ownership aspirations. Those are just a few perks of an excellent credit score. Your credit score isn’t just a number […]
Posted on August 5, 2024 by Dan Pascone
How High Earners Can Thrive Between Jobs: Smart Emergency Funds
As careers progress and responsibilities change, the way we think about financial security evolves. When it comes to career transitions or even contemplating a career change, the financial safety net, specifically the emergency fund, gets a heightened priority. Although the often-prescribed six months of emergency funds may seem arbitrary, this guideline is designed to offer […]
Posted on May 28, 2024 by Dan Pascone
The High Earner’s Playbook to Donor-Advised Funds
Donor-Advised Funds (DAFs) are a key tool for charitable giving for high-earners because they offer a unique blend of immediate tax benefits and strategic flexibility for sustained philanthropic efforts. By making an irrevocable contribution to a fund managed by a charitable entity, donors can claim a tax deduction in the year the contribution is made […]
Posted on May 20, 2024 by Dan Pascone
Tax Savvy Moonlighting: Tax Strategies for Side-Hustling High-Earners
Moonlighting, or taking on additional work outside your primary job, is becoming increasingly popular for a variety of reasons, such as rising costs, ambitious future plans, or simply because it’s become rather easy to make a good extra payday on an in-demand skillset thanks to various talent marketplaces. Whether you’re freelancing, consulting, or pursuing a […]
Posted on May 7, 2024 by Dan Pascone
Beyond Saving for College: 529 Plans as Strategic Legacy Planning Tools for High Earners
Superfunding a 529 plan isn’t just about saving for your kid’s college—it’s a strategic financial move for high earners to maximize tax benefits, reduce estate size, and boost investment growth if the timing is right. With superfunding, you can significantly accelerate your child’s educational fund by contributing up to five times the annual gift tax […]
Posted on April 29, 2024 by Dan Pascone
Opportunity Zones 101: Opportunity or Overhype?
The tax advantages of Qualified Opportunity Zones (QOZs) sound great on paper—an uncapped capital gains tax that can be deferred and potentially tax-free treatment on the appreciation of your QOZ holdings. That’s enough to catch the attention of any high-earner, but are QOZs all they’re chalked up to be? The following article explores the Opportunity […]
Posted on March 4, 2024 by Dan Pascone
What are Capital Gains?
Capital gains (noun): The profits from your investments when you sell them for more than you paid. For tech high-earners, capital gains matter profoundly due to three primary reasons: Liquidity Events: An IPO or company sale could result in significant capital gains, which, if not managed properly, can lead to a hefty tax bill. Properly […]