When it comes to transferring wealth to your children or grandchildren, understanding the IRS gift tax is key to keeping more of your money in the family and away from taxes. Let’s dive into the details of gifting and the potential tax implications, focusing on someone like yourself who may be considering passing down substantial […]
How Much Can I Give My Kids Before Paying IRS Gift Tax? Read More »
Knowing important financial dates are essential to both long term and near term financial planning. Preparing for this financial landscape gets more complex as your years increase. Whether it’s planning for retirement, claiming Social Security, or managing taxes, certain milestones come with crucial decisions. Understanding these key dates can help you maximize your benefits, avoid
FAQ for the Important Financial Dates: A High Net Worth Guide Read More »
Sudden wealth can be an exciting and overwhelming experience. Whether you’ve sold a business, received an inheritance, or won a large sum of money, the opportunities are endless. But if you’re, like many high-net-worth individuals, this sudden influx of money also presents some critical decisions that need careful consideration. As a Certified Financial Planner (CFP®),
What Are the Best Investments for Sudden Wealth? Read More »
And 9 Actionable Tips When you’ve spent decades building your wealth, the last thing you want is for an unforeseen event to unravel everything. High-net-worth individuals, particularly those aged 40-70, face unique risks that can threaten their financial security. In this guide, we’ll explore practical ways to safeguard your wealth from unpredictable challenges. Whether it’s
How to Protect Your Wealth from Unforeseen Risks Read More »
Understanding the Significance of Unexpected Wealth As a Certified Financial Planner (CFP), I’ve seen firsthand how unexpected wealth can transform a person’s life. It often comes in the form of a sudden inheritance, the sale of a business, or a successful investment. While these events are usually positive, they can also be overwhelming. For example,
The Surprising Impact of an Unexpected Wealth Event Read More »
As a high earner, you’re likely always on the lookout for ways to maximize your after tax returns. Let’s explore some advanced strategies that can help you keep more of your hard earned money. Tax Efficient Investment Strategies to Maximize After Tax Returns One of the most effective ways to boost your after tax returns
Maximizing Your After Tax Returns: Advanced Strategies for High Earners Read More »
When you’ve worked hard to build wealth, the last thing you want is for your financial goals to feel like they’re all competing for your attention. You may feel like others that participate in reading asmallinvestment.com; they often juggle a variety of financial objectives, saving for retirement, managing taxes, planning for a legacy, and more.
How Do I Prioritize My Financial Goals? Read More »
Important Tax and Financial Numbers for 2025
Important Tax and Financial Numbers for 2025 Read More »
Here at A Small Investment, LLC my goal is to understand your goals and deliver clear and actionable advice that meets your needs. In this insight we will evaluate key strategies that can make a real difference in your financial future. Tax-Efficient Investing for High Earners Savings money counts for all; however, when you’re in
The Secret Strategies The High Net Worth Use to Maximize Wealth in Uncertain Times Read More »
For my high net worth clients, I am especially thankful this year. The reason? They have a golden opportunity to take advantage of the higher estate and gift tax lifetime exemption for 2024. This is a significant financial planning moment, and one that could help preserve millions of dollars for future generations, charitable causes, and
