The Tax Drag of NYC: Advanced Wealth Management Strategies for New Yorkers

New York's high tax rates require a holistic and proactive approach to wealth management. This program provides an overview of essential, tax-aware strategies for HNW individuals in NYC and NYS. Key topics include minimizing the "tax drag" on investment portfolios using techniques like tax-loss harvesting and Direct Indexing, the strategic application of tax-advantaged retirement vehicles (e.g., Backdoor Roths and Mega Backdoor Roths), and the critical role of asset location (placing tax-inefficient assets in tax-sheltered accounts) to maximize after-tax returns. 

Speakers

Sam Swenson, CPA/CFP, Range, Head of Strategy

Isabel Contreras, Range