Investment Strategies for a Large Windfall or Inheritance

Investment Strategies for a Large Windfall or Inheritance

Often, the best thing to do is to invest in assets that allow your wealth to grow over time, so that you can reap the benefits for years to come and perhaps even the rest of your life. However, deciding and researching the mechanics of how exactly to invest a large sum of money isn't always straightforward.

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Tax Planning for a Large Windfall or Inheritance

Tax Planning for a Large Windfall or Inheritance

You'll need to plan ahead to budget for the taxes you owe and be diligent about key tax regulations you can use to your advantage to help reduce the amount of your newfound funds that you'll have to give to the IRS. 

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Is Financial Advising Worth It? The ROI of Professional Investment Management

Is Financial Advising Worth It? The ROI of Professional Investment Management

What can individual investors do to de-risk their portfolio despite the mechanical and psychological headwinds they face? This is where the discipline, knowledge, and experience of a financial advisor can add tremendous value.

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Graduating from TurboTax: Do You Need a Tax Advisor (CPA)?

Graduating from TurboTax: Do You Need a Tax Advisor (CPA)?

Online tax tools make it easy for the average person to file their annual tax returns, but there are many scenarios where more sophisticated tax strategies can save a significant amount of money, making the ROI on personal tax advising very worthwhile for high earners with complex financial situations and those with sudden windfalls.

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Last Minute and Ongoing Tax Tips for 2020

Last Minute and Ongoing Tax Tips for 2020

Optimize your returns as you prepare to file this year, and understand how next year's tax bill could be affected by things you do all year long. 

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Cashing Out Startup Shares: Calculating Potential Value and Costs

Cashing Out Startup Shares: Calculating Potential Value and Costs

As you plan to cash out your startup shares outside of a traditional liquidity event (IPO, acquisition, merger), consider the potential value, costs, and tax considerations you'll need to keep in mind as you go through this process.

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Selling Your Startup Shares: Comparison of Secondary Stock Marketplaces

Selling Your Startup Shares: Comparison of Secondary Stock Marketplaces

For those beginning the process of executing on a secondary sale of your shares, we've outlined several specific vendors and types of sales in this article, with the relevant fees and restrictions for each.

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Promissory Note Program: A Financial Employee Benefit for Early-Stage Startups

Promissory Note Program: A Financial Employee Benefit for Early-Stage Startups

76% of startup employees never exercise or sell the pre-IPO stock options they have earned. Harness Wealth's Promissory Note Program allows employees to exercise without putting up any cash upfront.

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Tax Planning for When Your Startup is Acquired

Tax Planning for When Your Startup is Acquired

Founders, board members, and employees of startups that get acquired can experience tax consequences as a result of a liquidity event. It's imperative to plan for the tax implications so you can be prepared to pay what you owe the IRS. And in some cases, you may be able to take steps to reduce the taxes that result from the acquisition, depending on the type of equity you have and the nature of the transaction. 

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Discounted Financial, Tax, and Estate Planning Services for Healthcare Workers

Discounted Financial, Tax, and Estate Planning Services for Healthcare Workers

Below is a list of firms in the Harness Wealth network that are offering discounted services or waived fees for those that work in the healthcare industry. We hope this helps alleviates some stress and anxiety for you, and we will keep this updated as our firms notify us of new, relevant offers. 

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