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 17 of 88
Most retail guidance on ETF capital gains tax stops at "ETFs are tax-efficient." That's true as far as it goes. But if you're sitting on a $3M taxable account with a mix of broad-market and specialty ETFs, the headline story misses the details that actually move your tax bill. The combined federal r
The hedge funds vs wealth management question looks simple on the surface. It isn't. At the $5M to $20M wealth tier, the choice carries real consequences for after-tax returns, liquidity, estate planning, and tax complexity. This isn't a retail investor decision. It's a structural one.
The short answer: yes, several countries impose zero capital gains tax on investment gains. The longer answer is that for most readers here, your home country's tax rules follow you across borders, treaty networks determine your real after-tax return, and substance requirements make genuine relocati
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. For high-net-worth sellers, the combined federal and state tax stack can reach 37% or more on a single transaction be
AUM wealth management refers to the total market value of client assets a firm actively oversees, and for $5M+ investors, it's one of the most consequential metrics you'll use when evaluating an advisor relationship. The number tells you something real: how much institutional leverage a firm carries
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. Stack that on top of the 20% federal long-term rate plus the 3.8% Net Investment Income Tax, and high-net-worth Vermont residents face a combined m
Norway's capital gains tax rate is 22% flat for both individuals and corporations. That headline number is accurate and also incomplete. For share investors, the shareholder model (aksjonærmodellen) applies an upward adjustment factor of 1.72 to gains above the shield deduction, pushing the effectiv
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. Use a $3M SBLOC backed by your equity portfolio to buy more investments, and the interest is potentially deductible. U
Momentum investing has three decades of academic support and a real implementation problem for large portfolios. The 1993 Jegadeesh and Titman study in the Journal of Finance documented that stocks with strong 3-12 month past returns continued to outperform over the following 3-12 months. That findi
Capital gains tax in the Philippines runs 6% on real property and 15% on unlisted shares, but the real number is almost always higher than investors model. BIR zonal values, Documentary Stamp Tax, transfer fees, and treaty nuances stack up fast. On a ₱100M Metro Manila property, the total exit cost
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. Loan proceeds are debt, not income, which means a cash-out refinance is one of the few ways high-net-worth real estate investors can
The wealth management industry trends that matter most in 2025 are not the ones your private banker's marketing deck leads with. They are the ones with direct dollar consequences: a TCJA sunset that cuts estate tax exemptions roughly in half after December 31, 2025, fee structures that vary by 10x d