11 Advanced Strategies for Tax-Efficient Charitable Giving
Your wealth has the potential to change lives and communities for the better through charitable giving. With a thoughtful donation strategy, you have the potential to save a lot of money in personal and estate taxes. This strategy can help you protect and grow generational wealth. As of 2024, you can generally deduct charitable cash…
Worry-Free Retirement Planning for High-Net-Worth Individuals
Attaining confidence in your retirement plan can be an elusive pursuit, even once you achieve financial success. A study1 found that 58% of high-net-worth individuals…
5 Key Financial Planning Strategies for High-Net-Worth Individuals
Less than 9% of Americans1 become millionaires, and even fewer can make that money last. Economic volatility has historically triggered “richcessions,” or periods when high-net-worth individuals experience greater economic losses compared to those lower on the wealth spectrum. When the dot-com bubble wiped out $6.2 trillion in household wealth2 in 2000, for example, we saw…
7 Essential High-Net-Worth Tax Strategies for Preserving Wealth
Your wealth requires a sophisticated tax reduction strategy that addresses the diversity and magnitude of your assets. But unfortunately, it’s all too easy to overlook the options available to you—at a steep cost to your net worth. Estate plans can accumulate millions of dollars in unnecessary tax liabilities. On top of that, many retirement plans…
The Tax Cuts and Jobs Act Expires Soon: Are You Prepared?
It’s One of the Smartest Tax Moves You Can Make. Substantial changes to the tax code are on the horizon, meaning you should review your wealth management strategy now to prepare for potential consequences. The sweeping 2017 tax reform known as the Tax Cuts and Jobs Act (TCJA) catalyzed a seismic policy shift when it…
How Do Interest Rates Impact Your Estate Plan?
Interest rates are at generational highs and the Federal Reserve will keep them elevated into 2024. Working with an advisor who understands how interest rates affect irrevocable trusts can save you money on taxes and boost their efficacy. How Do Interest Rates Impact Your Estate Plan? Just as rising interest rates influence your investment portfolio,…
Investing Globally
After the tech bubble burst and markets bottomed on October 9, 2002, the U.S. stock market recovered over the next five years with a 121% gain. While that may sound enviable, foreign stocks doubled the U.S. market over the same stretch, generating a 237% return. Back then, it was almost heresy to suggest that investing overseas…
Retirement Plan Strategies for High-Income Earners
If you are a doctor, lawyer, thriving business owner, successful executive or another high-income earner, this thought has probably crossed your mind: How will I maintain my lifestyle once I retire—especially if I want to retire early? You’re not alone. In this article, we’ll look at some retirement plan strategies for high earners that…
Retirement Spending Solutions
We hear from many clients who feel apprehensive when they start spending their retirement savings. It can feel unnatural after you’ve been focused on saving for decades. Or… maybe you can’t wait to spend! Either way, it’s critical that you make the transition from saving to spending using strategic retirement income withdrawal strategies, ultimately prolonging your…
RWA’s Expertise: Financial Planning for Lawyers
As a successful attorney, you’ve dedicated yourself to serving the best interests of your clients. While you are an expert in your field, your time is limited and it’s natural for you, like most lawyers, to have far less expertise when it comes to managing your personal finances. That’s where an experienced wealth management team…