"We should run a tax projection." You’ll hear that a lot around Plancorp Wealth Management. Read more…
Is a QTIP Trust Right for Your Blended Family?
A QTIP may sound familiar, but this isn’t for your ears. However, it may be good for your blended family. Read more…
Is a Health Savings Account Worth It for High-Net-Worth Individuals?
Health Savings Accounts (HSAs) are often discussed in the basic context of providing tax advantages and savings opportunities for all income levels. Read more…
How to Prepare for the Potential Sunset of the Estate and Gift Tax Exemption in 2025
In 2018, the federal estate and gift tax exemption amount increased substantially, allowing high-net-worth individuals to avoid paying estate taxes on a significant portion of the assets in their estates. Read more…
Donor Considerations & Best Practices for Charitable Giving
As the end of each year approaches, conversations with many of our wealth management clients turn to strategies for lowering their tax bill. Read more…
The Tax Benefits of a Partial Roth Conversion
It always hits our clients at some point after age 50. Retirement is no longer a mirage off in the distance—it’s a real event that’s coming into sharper focus. Read more…
Tax Benefits (and Pitfalls) of Owning Rental Property
After building an emergency fund and maxing out tax-advantaged retirement accounts like 401(k)s and IRAs, some investors find themselves contemplating the purchase of a rental property to continue building their net worth. Read more…
6 Smart Ways to Withdraw Retirement Funds and Lower Your Taxes
You’ve worked hard your entire career to save money, invest wisely, and plan for your future. At some point (maybe now) you enter into the next phase, living in retirement. Read more…
Maximizing Retirement Savings: Which Accounts to Max Out and In What Order
Navigating the landscape of retirement savings can be complex, especially for high earners with sizeable assets and significant retirement goals. Read more…
Money Moves You Should Make With a Salary Over $100k
According to Fidelity, if you want to retire comfortably, you should have eight times your annual salary saved by age 60 and ten times by age 67. Read more…