Author Archives: Naomi Wolowitz

Today’s federal estate tax exemption is so generous that only a handful of ultra-high-net-worth families are subject to tax at a rate as high as 40 percent. This is set to change in 2026 when the amount taxpayers may exclude from estate tax is scheduled to be cut in half and reduced to approximately $6 […]

In this Relatable Finance episode, the South Florida finance guys mention common traits they observe among high-net-worth clients. They also converse about spending habits, work ethic, and the varied paths to financial success. Tune in to gain insights into how these characteristics can influence financial outcomes and discover practical tips to enhance your own financial […]

Individual retirement accounts (IRAs) and 401(k)s serve an important purpose in estate planning, helping individuals begin saving during their prime earning years to provide a financially secure retirement in the future. Contributions to these plans today reduce your taxable income in the year of contribution and grow tax-deferred until you take distributions in retirement. However, […]

In this episode of Relatable Finance, the South Florida finance guys talk about President Biden withdrawing from the race and the political environment in the U.S. that is heating up as we head toward the November 5th election day. While things are likely to evolve quickly from here and predictions are difficult, we try to […]

Astute business owners understand the importance of planning their exits in the early start-up stages of their companies before they become mired in the day-to-day operations and constant pursuit of growth and profitability. When built into a long-term business strategy, a well-thought-out succession plan can provide a valuable timeline for maximizing business value and preparing […]

Memorable vacations do not happen by chance. They require a certain level of effort and planning to ensure that you stay within your budget and maximize your actual time away for fun, sightseeing and relaxation. The more you plan, the more likely your getaway will meet your expectations. With this in mind, it is surprising […]

Don’t miss this episode as the South Florida relatable finance guys discuss how Nvidia became a tech giant and a leader in AI innovation. They explore the meteoric rise of Nvidia, a company that seemingly emerged out of nowhere to become one of the world’s largest publicly traded companies. Learn about its journey, technological advancements, […]

In April 2024 the IRS again granted taxpayers another year of relief from compliance with recently enacted laws concerning required minimum distributions (RMDs) from tax-deferred retirement accounts, including individual retirement accounts (IRAs) and 401(k)s. The SECURE Act, signed into law in 2019 and amended in 2022 under SECURE Act 2.0, introduced a requirement that certain […]

Welcome to today’s episode, where the South Florida relatable finance guys discuss the fascinating world of company growth and monetization. It’s rare for a company to grow entirely on its own to become a large, publicly traded entity. More often, founders look to monetize their investment at some point, and private equity (PE) plays a […]

It is no secret that the U.S. tax code is complicated. For foreign persons, compliance with U.S. tax laws is particularly onerous, especially when considering that different rules apply for income and estate tax purposes, and neither depends on an individual’s immigration status. For income tax purposes, the U.S. presumes foreign persons to be nonresident […]