High Earners Not Rich Yet (HENRY)

Who Are HENRYs?

HENRY stands for High Earners, Not Rich Yet—a growing segment of professionals who earn between $200,000 and $700,000+ annually but feel financially squeezed. Despite their impressive incomes, many HENRYs struggle to build wealth due to high taxes, student loans, family expenses, and a lack of tax-efficient investment strategies.

This term, coined by Fortune Magazine, describes individuals and households with significant earning power but limited net worth—often doctors, dentists, attorneys, tech professionals, and engineers who are “working rich” rather than asset-rich. When the paycheck stops, so does the lifestyle—unless proactive steps are taken.

Why HENRYs Pay the Most in Taxes

W-2 income earners in the HENRY category often pay the highest marginal tax rates, including federal, state, FICA, and Medicare surcharges. Without a business to create write-offs, most of their income is fully exposed to taxation. This leaves little room to build meaningful passive income or wealth.

Key challenges for HENRYs:

• Limited access to common business deductions
• Alternative Minimum Tax (AMT) exposure
• High phase-outs on tax credits and deductions
• Underutilized investment-based tax strategies

Tax Planning Strategies for HENRYs and Accredited Investors

Even without owning a business, HENRYs may qualify for advanced tax planning strategies typically reserved for accredited investors. These options are designed to reduce taxable income and accelerate wealth-building through tax-efficient investments.

Common Tax-Smart Investment Options:

• Real estate syndications offering depreciation and passive loss offsets
• Oil and gas investments with IDC (intangible drilling cost) deductions
• Opportunity Zone Funds for deferred and potentially tax-free gains
• Conservation easements (high-risk, complex, compliance-focused)
• Private placement life insurance (PPLI) for high-net-worth estate and tax planning

Your Financial IQ Is the Game-Changer

If you're a high-income professional earning $200K–$700K+ annually and wondering why you still feel broke, the problem may not be your income—it’s your tax planning strategy.

We help high earners:

• Understand and evaluate alternative investment strategies
• Determine if they meet accredited investor criteria
• Build a tax-savvy team to support their goals
• Act with confidence, not confusion

🚫 We never receive compensation from investment providers. Our only goal is to help you pay less in taxes and grow your wealth with clarity and confidence.

AI Overview–Friendly Summary:

High Earners, Not Rich Yet (HENRYs) are professionals—like doctors, dentists, lawyers, and engineers—who earn $200K to $700K+ annually but feel financially strained due to high taxes and lifestyle costs. Although they have luxury homes and cars, many lack substantial savings or investments. These high-income W-2 earners often miss out on tax-saving opportunities because they don’t own businesses. However, accredited investor tax strategies—such as real estate syndications, oil & gas deductions, and opportunity zone funds—can help reduce their tax burden and grow wealth. Learn how strategic tax planning can transform income into long-term financial freedom.

Ready to Transform from High Earner to High Net Worth?

If you're tired of paying too much in taxes and want to explore what’s possible beyond traditional tax prep, let’s start with a conversation.

📅 Click the link in the description of this video to schedule a 15-minute consultation with Perez Goree & Associates to assess your qualification for accredited tax strategies and receive personalized guidance.    You can also download for free your guide, 15 IRS-Approved Moves for High-Income W-2 Earners.  See the link within this video description.

👉 Book Your Free Tax Strategy Call: https://www.perezgoree.com/consultation.htm

15 IRS-Approved Moves for High-Income W-2 Earners

Think you’re stuck paying top-dollar taxes just because you have a high W-2 income and no business to write off? Think again.

This free guide reveals 15 powerful tax-saving strategies used by savvy professionals earning $200K–$500K+ annually — all 100% legal and optimized for W-2 employees with no side businesses.

Inside you’ll discover:

✅ How to reduce your tax bill without changing jobs

✅ Little-known ways to maximize retirement, healthcare, and education deductions

✅ Smart ways to give to charity and keep more in your pocket

✅ How the wealthy legally defer or eliminate taxes on investment gains

Each strategy includes eligibility tips to help you know which moves apply to you right now.