In the August 2025 issue of The Wealth Mavericks Insider, we dive into a story that highlights the real cost of waiting—and the power of proactive planning.
Dr. P first connected with Terra Firma in the fall of 2024 and considered joining membership. But as life often does, things got busy, and he decided to wait until early 2025. By then, our team prepared and filed his taxes and maximized what we could. The problem? The biggest strategies couldn’t be implemented retroactively—the year had already passed.
When we walked Dr. P and his wife through what 2024 could have looked like, the difference was staggering: instead of owing an additional $59,539 on top of what they’d already paid, they would have received a federal refund of $92,914—a swing of $151,799.
In this month’s episode of Wealth Mavericks, Erin and Joe break down exactly why this happens. You’ll learn how the progressive tax system really works, why so many high earners unknowingly overpay, and the critical strategies your CPA might be missing. If you’re earning more but keeping less, this is the tax conversation you can’t afford to skip—especially right now.
You can tune in today on YouTube, Apple Podcasts, or Spotify.