Personal CFO for SMB Owners, Founders, F500 Execs & Multi-Gen Families. Empowering confident decisions to optimize wealth. Posts ≠ Advice.
Minneapolis, MN
Joined February 2018
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The most common retirement plan I hear from executives and business owners:
"I'll just work a few more years."
7 in 10 employers now say their employees are delaying retirement.
(Source: principal.com/about-us/globa…)
Here's the problem with that plan, and what to build instead:
Nelson Moen, CFP®, ChFC® retweeted
70½ or older and giving to charity? Consider using your IRA, not your checkbook.
This is done through the use of Qualified Charitable Distribution (QCD).
A QCD:
• Goes straight from the IRA to the charity
• Never hits your income
• Counts toward your RMD once they start
• Up to $111,000 in 2026
→ Not to a DAF
No 0.5% floor. No itemizing needed.
70½ or older and giving to charity? Consider using your IRA, not your checkbook.
This is done through the use of Qualified Charitable Distribution (QCD).
A QCD:
• Goes straight from the IRA to the charity
• Never hits your income
• Counts toward your RMD once they start
• Up to $111,000 in 2026
→ Not to a DAF
No 0.5% floor. No itemizing needed.
A SLAT is one of the best estate tools out there for married couples with real wealth.
It's also one of the easiest to regret.
The tax math gets all the attention. The life questions get skipped.
Here's what I'd want answered before you sign one:
7. Doing two? Make them different.
If you each fund a SLAT for the other and they mirror each other, the IRS can uncross them and pull the assets back into your estates.
→ Different terms
→ Different timing
→ Different assets
I work with business owners who are a year or three away from a sale.
One of the most overlooked moves in that window has nothing to do with the deal itself.
It's tax loss harvesting. Here's how to think about it:
Here's the part people miss:
The best year to harvest is usually NOT the year of the sale.
It's the two or three years before, when nobody is thinking about taxes yet and the portfolio has time to build a bank of losses.
So if a sale is anywhere on your horizon:
1. Get the taxable portfolio positioned to harvest now
2. Track the carryforward on the return every single year
3. Put the CPA and the advisor in the same room so the banked losses actually get used against the deal
Losses are only wasted if nobody planned for them.