Chace Cooper

◦ Financial Advisor ◦ GFD ◦

[Chace Cooper @chacecooper77]

Most people will spend their entire lives working hard, but only a few will master how money really works.

I'm a financial planner for individuals who are leading their generation in financial growth, and my goal on X is to educate high earners on how to elevate their financial future.

Here are the 5 things the 1% never overlook when planning their future

[Chace Cooper @chacecooper77]

@GregConnedlr21 @JomboyMedia You’re getting my dislike, Greg!

[Chace Cooper @chacecooper77]

What about nondiscrimination testing for smaller 401k plans? Do y'all run into issues if a client is an HCE and no other employees did the after-tax contributions?

I like the strategy for solo 401ks but I feel like the strategy fails in company 401ks due to testing even if it is a safe harbour plan. Maybe I'm wrong here!

[Chace Cooper @chacecooper77]

If you found this useful, please bookmark and share to a friend that you think could use help budgeting.

If you are interested in trying Monarch Money, I have a referral link that will give you half off on your first year.

https://t.co/wbuSZjOlvN

DISCLAIMER: This content is for educational purposes only and is not financial, investment, tax, or legal advice. Individual situations vary, and you should consult a qualified professional before making decisions about retirement planning or any financial strategy.

[Chace Cooper @chacecooper77]

As a financial planner that helps millionaires maximize their potential...

I have many people asking me what is the first step to building wealth.

Here's what I would do if my new year resolution is to take control of my finances in 2026
A Thread🧵

[Chace Cooper @chacecooper77]

For those of you struggling to plan for goals...

Here is a post I made on building a mini financial plan.

While everyone's situation is different, this is a good template that can help you start saving for the things that matter.
https://t.co/4kxt8nEv79

[Chace Cooper @chacecooper77]

You did it. You’ve officially landed your dream job and you’re making more money than you could ever imagine.

Your biggest issue? You have more cash than you’ve ever had and don’t know what to do with it.

Here's how to build your own mini financial plan

[Chace Cooper @chacecooper77]

Friendly reminder that charitable giving isn't just impactful for others, it's one of the most efficient ways to cut your tax bill while doing good.

Most people write a check and call it a day, but strategic giving multiplies the benefits.

- Donate appreciated assets like stock instead of cash. You avoid capital gains tax and deduct the full current market value, not your original cost basis. The key is to buy back the stock and you will assume the higher cost basis.

- Bunch multiple years' worth of donations into one year using a donor-advised fund. Sold your business or have a large amount of company stock that vests? Great, lower part of your taxable income in that year with a DAF.

- If you're at required minimum distribution age, use qualified charitable distributions (QCDs) from your IRA. It satisfies your required minimum distribution without adding to your taxable income. This can help lower your taxable social security income, lower your medicare premium, and allow you to take a standard deduction.

If you have a giving spirit, make sure to give back to yourself by doing it efficiently.

[Chace Cooper @chacecooper77]

@atlasx100

[Chace Cooper @chacecooper77]

Most high earners still don’t realize the catch-up contribution rules completely change in 2026.

- This only applies to high earners age 50 and older as thats when you qualify for catch up contributions.

- If your 2025 FICA wages from that employer were over $150k, you lose the ability to make pre-tax catch-up contributions.

- The $150k limit is not per household, it's per individual.

- All catch-ups must go to Roth, 100% after-tax dollars.

- No income phase-out, it’s a hard cliff based on prior-year wages from that specific employer.

- If your employer plan doesn't have Roth Capabilities, you will lose the ability to do catch up contributions.

Sneaky new rule that majority of people have no clue about

[Chace Cooper @chacecooper77]

@Colin_Sanders13 Thank you Colin. Now let’s lock in on the golf tournament this weekend

[Chace Cooper @chacecooper77]

You did it. You’ve officially landed your dream job and you’re making more money than you could ever imagine.

Your biggest issue? You have more cash than you’ve ever had and don’t know what to do with it.

Here's how to build your own mini financial plan

[Chace Cooper @chacecooper77]

If this post helped you get clearer on your own mini financial plan, bookmark it so you can come back to it when you’re organizing your money.

Share to a friend that you would like to educate on how to improve their financial future.

DISCLAIMER: This content is for educational purposes only and is not financial, investment, tax, or legal advice. Individual situations vary, and you should consult a qualified professional before making decisions about retirement planning or any financial strategy.

[Chace Cooper @chacecooper77]

7. Contributing to a Taxable Brokerage

If you’ve made it this far, congrats you are likely on track to a successful financial/retirement future.

The cherry on top would be building a solid taxable brokerage account. Almost every successful financial plan involves being able to fund your brokerage account after saving to your retirement accounts.

So what is a taxable brokerage account?

- Every dollar you put in is contributed after-tax.
- There is no annual contribution limit into the account.
- Relatively unlimited investment options.
- Potential for tax-efficient growth if used properly. (Long-term Capital gains taxes if invested into equities)
- In the event you pass, your heirs receive a step up in basis.

While taxable brokerage doesn’t have some of the tax benefits that retirement accounts have, if used properly you can really limit the tax burden you receive over the years.