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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 […]
Posted on November 27, 2023 by Dan Pascone
6 Reasons You Need a Customized Financial Plan
Everyone has financial goals, but many people don’t have a roadmap that lays out how to achieve them. A financial plan that’s customized to your objectives becomes that roadmap—helping you reach your destination, whatever it might be. If you’ve never thought about how financial planning can help you live the life you have in mind, […]