If you're sitting on $10 million to $25 million or more, you've probably heard all about GRATs, SLATs, and estate tax strategies. But how often do you actually stop and think about how you want to use your money?
In this episode of the Retirement Power Hour, Joe Allaria, CFP ®, walks through four ways high-net-worth individuals can think about spending, gifting, and giving, from covering living expenses and long-term care to leaving a legacy through charitable giving. This isn't about the technical implementation. It's about figuring out what you actually want your money to do for you, your family, or your community, before you bring in the attorneys and CPAs.
Topics covered:
-What "enough" really looks like for high net worth households
-Why estate tax planning matters (and which states have their own exemptions)
-The pros and cons of spending more on experiences, travel, and things
-How gifting to family, friends, and even strangers can bring unexpected fulfillment
-Using charitable giving and donor-advised funds to leave a lasting impact
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Resources
https://carsonallaria.com/2026/06/12/...
Disclaimer: This podcast is provided for educational and informational purposes only and should not be construed as individualized investment, financial, tax, legal, or estate-planning advice. The examples discussed are hypothetical and use simplified assumptions for illustration. References to spending needs, Social Security benefits, investment growth, travel expenses, long-term care costs, gifting, charitable contributions, and federal or state estate-tax thresholds are general estimates and may change over time. Actual results will vary based on individual circumstances, investment performance, inflation, tax status, residency, applicable law, and other factors.
Gifts to individuals are generally not deductible for income-tax purposes and may use a portion of the donor’s annual or lifetime gift and estate-tax exclusion. Charitable and donor-advised fund strategies are subject to eligibility requirements, deduction limits, fees, and other restrictions. Contributions to a donor-advised fund are irrevocable, and the sponsoring organization maintains legal control of the assets while the donor generally retains advisory privileges regarding investments and grant recommendations. DAF assets may fluctuate in value.
Information obtained from third-party sources is believed to be reliable but has not necessarily been independently verified. Before implementing any investment, gifting, charitable, tax, or estate-planning strategy, consult the appropriate investment, tax, and legal professionals regarding your individual circumstances. Learn more about CarsonAllaria Wealth Management at https://carsonallaria.com/
Invest Wiser & Retire Better!
