Knowledge Base
Tax strategy, healthcare before Medicare, the post-FIRE identity shift, and the financial decisions that get more complicated after you stop earning.
1054 articles — page 15 of 88
Most business owners know company events can generate tax deductions. Fewer know that the difference between a 50% deduction and a 100% deduction on a $50,000 year-end event is roughly $9,250 in federal tax at the 37% rate. The rules under IRC §274 are specific, the post-TCJA changes are permanent u
Northern Trust wealth management fees run roughly 0.50% to 1.50% of AUM annually, but that published range is a starting point for negotiation, not a fixed price. For FatFIRE-level clients, the more important numbers are the breakpoints, the hidden layers, and the post-Tax Cuts and Jobs Act reality
Wealth management at the FATFIRE level is not a product you buy. It is a coordinated system covering tax optimization, asset protection, estate transfer, and investment strategy, all running simultaneously across a portfolio complex enough that a single misstep in one area can cost more than most pe
Most of your monthly co-op maintenance fee is not deductible. The portion that is comes down to two pass-through items: your allocable share of the building's real estate taxes and your allocable share of the underlying mortgage interest. Under IRC Section 216, those two components qualify for itemi
Capital gains tax in Spain combines progressive rates for residents (19% to 28%), a flat rate for non-residents, and a holding-period rule that can push short-term gains into income tax territory at rates approaching 47%. If your gains routinely exceed €300,000, the headline 19% rate you see in most
Yes, private foundation donations are generally tax-deductible under IRC Section 170, but the deduction limits are materially lower than what you get with public charities or donor-advised funds. For cash contributions, you're capped at 30% of adjusted gross income versus 60% for public charities. F
No. New Jersey offers zero state income tax deduction for 529 contributions, including contributions to its own NJBEST plan. For residents paying the state's top marginal rate of 10.75% on income over $1 million, that's a real cost relative to neighbors in Pennsylvania and New York. The federal bene
UTMA capital gains tax follows the child's ownership, not the custodian's. The minor legally owns every asset in the account from day one, which means gains are taxed at the child's rate until the kiddie tax kicks in, at which point they're taxed at yours. For high-net-worth families, that distincti
Yes, and the bill is often larger than expected. The IRS taxes U.S. citizens and resident aliens on worldwide income, including gains from foreign real property, regardless of what you paid locally. For a FATFIRE investor selling a €3M villa with a €1.5M gain, the combined federal rate can hit 23.8%
The best books on tax strategies for high-net-worth individuals cover territory that standard filing guides never touch: qualified opportunity zones, QSBS exclusions, charitable remainder trusts, entity restructuring before liquidity events, and the mechanics of multi-state domicile planning. If you
UBS wealth management AUM crossed $5.7 trillion in total invested assets following the completion of its Credit Suisse integration, according to UBS's Q3 2024 earnings release. That number makes UBS the largest wealth manager in Europe and the second largest globally. Whether that scale works for or
UBS wealth management fees for high-net-worth clients range from roughly 0.50% to 2.50% of AUM annually, but that published ceiling is not what sophisticated clients actually pay. If you have $5M or more in investable assets, you are in the strongest negotiating position of any UBS client tier. Most