Nick Murphy, CFP®
@murphnc
Founder - Counterweight Private Wealth • Guiding Legacy-Driven Families with Tax-Efficient Plans • Carolina Hurricanes Diehard #WealthManagement • #TaxPlanning
You might like
Why 30 year retirements are changing everything. This breaks older planning rules. A generation ago, retirement was often a short final chapter. Typical retirement up until the 1970's was 8-12 years, and from the 1980's to the early 2000's, retirements stretched to 15-20 years.…
If you’re selling your business, you may want to seek a new tax advisor. You’re about to get dumped. Not necessarily intentionally, but I’ve seen play out over and over. Talked to a CPA buddy the other day. One of his best clients (Mark) is selling his plumbing business this…
They needed permission. Met with new clients this morning, they identified this as one of their biggest challenges. A couple in their 60’s has saved over $5MM towards retirement. But they can’t get over an EXTREME level of anxiety about spending it. One of the biggest…
Can someone PLEASE tell me the level of wizardry needed to properly open a packet of #chickfila sauce? I’m like 0 for 300 now…..
It’s more common than you realize. You can be financially ready for retirement and still feel strangely unsettled. Not anxious in a dramatic way. Not panicked about markets or expenses. Just a bit of uncertainty you did not expect. You spent decades knowing what the money was…
When seeking an advisor (or any professional), here's a quick tip: Find someone who speaks in simple, clear terms. A true expert simplifies the complex.
401(k)’s are great, don’t get me wrong. But loading up all your savings into a “pre-tax” account is pinning yourself into a tax corner. Over the course of your career, be sure to have a strategy that builds investments into: 🔹 Tax deferred accounts (IRA, 401(k), etc) 🔹 Tax…
Mutual funds are incredibly tax inefficient. Still amazed at how many HNW investors own them in a taxable investment account. In your 401(k), they can be great In your brokerage account, not so much.
We just saved John and Jennifer $55,850 in taxes. They are busy doctors, in the late stages of their career. John is 62 and retiring next year, and Jennifer (61) will retire in 2027. 2025 is likely to be their highest taxable income year for a while. Since charitable…
This simple step saved our client over $21,000 in taxes. One of our clients is a mid-career business owner. For a variety of reasons the business is going to have unusually low net income in 2025. In fact, his taxable income is expected to be nearly ZERO! This presents an…
Beware! Roth conversations for 65-70 year olds have been a very powerful strategy over the last few years for folks with large IRA’s. But now, they have become a lot more nuanced to get right. The enhanced Senior deduction alone has complicated matters significantly. You…
If retirement is 1-2 years away, read this now. You will save time: Many people lower their guard in the last year or two before retirement. The truth is it is a building period. Where small choices can shape the first decade of your new chapter. Here are the areas worth…
If forced to choose…. I’ll take Resilience over Brilliance Every. Time.
United States Trends
- 1. #TerrorismProvocation N/A
- 2. Good Tuesday N/A
- 3. FINALLY DID IT N/A
- 4. Davos N/A
- 5. #tuesdayvibe N/A
- 6. Macron N/A
- 7. The Jito N/A
- 8. #CatForCashEP1 N/A
- 9. Deloitte N/A
- 10. The ONDO N/A
- 11. Taco Tuesday N/A
- 12. #WWEUnreal N/A
- 13. Memories in Orbit N/A
- 14. #KidnappedPresident N/A
- 15. Weston Wilson N/A
- 16. Phillips N/A
- 17. Diego Garcia N/A
- 18. Saleh N/A
- 19. Scott Jennings N/A
- 20. Alberto N/A
You might like
Something went wrong.
Something went wrong.