Financial Planning Insights

It's almost tax time. Those words are not usually associated with a positive thought. That is why it is important to start now getting your tax information organized and take advantage of any last minute tax write-offs. Many high net worth individuals know that a big part of tax planning strategy is to be considering your tax situation all year..

You’ve worked your whole life to build what you have and you’ve acquired copious amounts of net worth. Having life insurance in place is always a good idea, even when you have vast means to leave to your beneficiaries after death. We’ve reviewed a few of the biggest reasons high net worth individuals need life insurance.

In 1969 Congress passed a law to stop a few high earners from avoiding paying any income tax. The original intent was good, to take away some of the loopholes that millionaires were using to avoid paying income tax but over the years, without allowing for inflation, the implementation became punitive to not only top earners but households that are..