Knowledge Base
Lee Anderson writes about tax strategy, estate planning, and wealth management for FatFire, covering the questions that matter to high-net-worth households pursuing financial independence. Every article draws on primary sources including IRS guidance, fund prospectuses, and academic research, and is reviewed against the FatFire editorial standards (fatfire.com/editorial-standards/) before publication.
516 articles — page 11 of 43
The BNY Mellon wealth management minimum sits at $5 million in investable assets for entry into its flagship Wealth Management division, though the firm's actual practice targets clients closer to $10 million. That gap between the marketed floor and the operational reality matters if you're sizing u
Massachusetts taxes non-residents on capital gains from Massachusetts-source income, including real estate sales and business asset dispositions.
ActBlue tax deductibility follows a simple rule: political contributions processed through the platform are not deductible on your federal return. Full stop.
Most tax planning focuses on deductions you can take today. That framing misses half the picture.
The distinction matters more at high income levels than anywhere else. Tax-deductible contributions reduce your taxable income in the year you make them.
Wells Fargo wealth management fees for accounts above $5 million typically run 0.50% to 1.25% annually on assets under management, based on Cerulli Associates research on major wirehouse pricing.
The hedge funds vs wealth management question looks simple on the surface. It isn't.
Selling out-of-state investment property triggers capital gains tax in at least two jurisdictions simultaneously: the state where the property sits and, potentially, your home state.
Vermont taxes capital gains as ordinary income at the state level, with a top marginal rate of 8.75% on income above $213,150 for single filers in 2024.
SBLOC interest tax deductibility is real, but it is not automatic. The IRS determines deductibility based entirely on what you do with the borrowed funds, not what secures the loan.
Momentum investing has three decades of academic support and a real implementation problem for large portfolios.
Refinancing does not trigger capital gains tax. The IRS confirms in Publication 544 that refinancing a mortgage does not constitute a taxable disposition of property.