The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance

Lucas and Luna explore how wealthy families use aircraft depreciation—specifically accelerated depreciation under Section 179 and bonus depreciation—to reduce taxable income. They break down the mechanics using a Gulfstream G650 example, explain the 50% business-use rule, and discuss the 2026 phase-down of bonus depreciation to 60%. The episode also covers the alternative minimum tax implications...

Episode 106 explores a powerful but often-overlooked retirement vehicle: the self-directed solo 401(k). Lucas and Luna break down how high-earning entrepreneurs and ultra-wealthy families use this plan to hold private equity, real estate, and even crypto inside a tax-advantaged account. They walk through the mechanics, the 2026 contribution limits, and the critical trustee requirement. They also d...

In this episode, Lucas and Luna explore the life settlement secondary market, where wealthy individuals sell unwanted life insurance policies for a lump sum that exceeds the cash surrender value but falls short of the death benefit. They break down how this works using a real example: a 75-year-old policyholder with a $5 million policy and $200,000 annual premiums who can net $1.2 million from a l...

In this episode, Lucas and Luna explore the offshore bond wrapper — a capital gains deferral structure used by wealthy international families. They walk through a real example: a UK-domiciled investor holding $5 million in U.S. tech stocks who wants to relocate to Dubai. By wrapping the portfolio into a life insurance bond issued in the Isle of Man, the investor can move assets without triggering...

In this episode of The High Net Worth Podcast, Lucas and Luna explore private placement life insurance (PPLI), a tax-efficient investment vehicle used by ultra-wealthy families to defer taxes on alternative assets. They break down how PPLI works, comparing it to a variable universal life policy on steroids, and discuss the minimum investment of $1-2 million, typical fee structures, and the types o...

In this episode of The High Net Worth Podcast, Lucas and Luna explore the strategic use of Donor-Advised Funds, or DAFs, by ultra-wealthy families for tax-efficient charitable giving. They break down how a DAF works—from contributing appreciated assets to claiming a deduction in a high-income year—and discuss the 2026 regulatory environment, including proposed rules from the IRS on DAF payout requ...

Episode 101 of The High Net Worth Podcast dives into a little-known tax strategy that ultra-wealthy families use to save millions: accelerated depreciation on private aircraft. Lucas and Luna break down how a $40 million Gulfstream G650 can generate $8 million in tax deductions in the first year under bonus depreciation — before the plane even flies a paying passenger. They explain the 'business-u...

Episode 100 of The High Net Worth Podcast tackles direct indexing—a strategy that lets affluent investors own the individual stocks in an index rather than the index fund itself. Lucas walks through how a family with a concentrated single-stock position can use direct indexing to harvest tax losses while maintaining market exposure, citing Vanguard's estimate that tax-loss harvesting adds roughly...

In this episode of The High Net Worth Podcast, Lucas and Luna explore a niche but growing strategy among ultra-high-net-worth families: using their cryptocurrency holdings as collateral for loans instead of selling them. They dive into the mechanics of crypto-backed lending, how it differs from traditional margin loans, and why it's becoming popular among wealthy families looking to avoid triggeri...

Episode 98 of The High Net Worth Podcast explores private royalty monetization — a strategy ultra-wealthy families use to convert future intellectual property or music royalty streams into immediate lump sums without triggering a taxable sale. Lucas and Luna break down a real-world case: how a family office bought a ten million dollar music catalog from an established songwriter, structured as a n...

In this episode of The High Net Worth Podcast, Lucas and Luna explore how ultra-wealthy families are bypassing traditional fund managers and building their own direct investment platforms through single-family offices. Using the example of the $300 billion Cargill-MacMillan clan—whose family office, Waycrosse, now manages over $45 billion—they break down the economics, the tax advantages, and the...

In this episode, Lucas and Luna explore how high-net-worth families use art-backed lending to unlock liquidity without selling prized collections. They examine the mechanics of non-recourse loans secured by fine art, the role of blue-chip appraisers, and the tax implications of treating masterpieces as collateral rather than sold assets. Lucas cites the case of a New York real estate family who bo...

In this episode of The High Net Worth Podcast, Lucas and Luna explore Section 179 of the Internal Revenue Code, a powerful tax deduction that allows wealthy families to immediately expense up to $1.16 million in qualifying asset purchases — from heavy machinery to off-the-shelf software. The hosts walk through a real-world example: a family-owned manufacturing business in Ohio that used Section 17...

In this episode of The High Net Worth Podcast, Lucas and Luna explore how ultra-wealthy families allocate capital to private credit—a $1.7 trillion market—to capture yields of 8-12% in a low-yield world. They break down the mechanics of direct lending, the role of business development companies like Blackstone's BXSL and Blue Owl's OBDC, and the liquidity trade-offs that make this strategy suitabl...

Episode 93 of The High Net Worth Podcast dives into an advanced strategy used by affluent families to supercharge retirement income: cash value life insurance. Lucas and Luna explore how permanent life insurance policies, specifically whole life and indexed universal life, can serve as tax-deferred growth vehicles and tax-free income sources in retirement. They break down the mechanics—how overfun...

In this episode, Lucas and Luna explore how ultra-wealthy families deploy capital into SEC-designated Qualified Opportunity Zones (QOZs) to defer and potentially reduce capital gains taxes. They break down the mechanics of the 180-day reinvestment window, the 10-year holding period for tax-free appreciation, and the 2026 sunset deadline. Using the example of a family office that rolled $50 million...

Episode 91 of The High Net Worth Podcast explores securities lending: how wealthy families lend out shares from their portfolios to short sellers, earning incremental yield on otherwise idle holdings. Lucas and Luna break down the mechanics, the typical 0.5 to 2 percent annualized returns, and the risks—including counterparty default and tax complications—using a case study of a family office that...

In this episode, we dive into the mechanics of Section 1031 like-kind exchanges—a tax-deferral strategy that allows wealthy families to swap investment properties without triggering capital gains taxes. Lucas walks through the strict timelines, the role of qualified intermediaries, and the recent legislative changes affecting personal property exchanges after the Tax Cuts and Jobs Act. Luna adds c...

In episode 89 of The High Net Worth Podcast, Lucas and Luna unpack the strategy behind securities-based lending for ultra-high-net-worth families. They explore how a $50 million portfolio can unlock $25 million in cash without selling a single asset, using real-world examples including a tech founder who used a credit line to buy a vacation home. The hosts explain the mechanics, the risks of margi...

In this episode of The High Net Worth Podcast, Lucas and Luna explore the spousal lifetime access trust, or SLAT, an advanced estate planning tool that allows wealthy families to remove assets from their estate while still maintaining indirect access to them through their spouse. Lucas breaks down a real-world example: a married couple with a $30 million estate who could save over $6 million in fe...

Episode 87 of The High Net Worth Podcast explores the private equity secondary market — a tool ultra-wealthy families use to access liquidity without waiting for a fund to fully exit. Lucas and Luna break down how secondary transactions work, why the market has grown to over $140 billion annually, and how families use them to rebalance portfolios, raise cash for opportunities, or exit underperform...

Episode 86 of The High Net Worth Podcast explores tax receivable agreements (TRAs) — a niche but powerful tool used by ultra-wealthy families when taking portfolio companies public via SPACs or IPOs. Lucas breaks down the mechanics: how founders and pre-IPO investors can defer and potentially reduce taxes on their shares by transferring the tax benefit of their low-cost basis to the public company...

In this episode of The High Net Worth Podcast, Lucas and Luna explore the monetized installment sale — an advanced tax strategy that allows ultra-wealthy families to defer capital gains taxes on the sale of highly appreciated assets like real estate or businesses. Lucas explains how the transaction works: the seller agrees to an installment contract but immediately monetizes the future payments th...

Episode 84 of The High Net Worth Podcast dives into mortality pooling — an obscure but powerful strategy ultra-wealthy families use to generate tax-free income while reducing estate taxes. Lucas explains how a group of 20 high-net-worth individuals contributed $5 million each to a mortality pool, with survivors receiving tax-free payouts as members pass away. He breaks down the actuarial mechanics...

In this episode of The High Net Worth Podcast, Lucas and Luna explore how ultra-wealthy families use cost segregation studies to accelerate depreciation on real estate holdings, generating significant tax deferrals. They break down a hypothetical $10 million multifamily property in Dallas, showing how reclassifying assets from 39-year to 5- and 7-year property can create hundreds of thousands in f...