This Week in Beyond Wealth
What households pay their CPA for annual tax prep and filing.
Health insurance cost benchmarks, and how non-employer options stack up.
Crypto hack and how much HNW investors allocate.
Navigating Wealth Podcast
Can More Money Buy Happiness?
Economist Dan Altman, author of The Best Decisions You'll Ever Make, joins our hosts to put a price on the things money is supposed to buy: time, experiences, and relationships. He makes the case that your free time has a calculable dollar value and that the worth of spending shifts across retirement.
Listen on: YouTube · Apple Podcasts · Spotify
Money & Markets
Am I overpaying my CPA?
Tax season is finally behind us after the Oct 15th extension deadline. Two questions to ask now: did my CPA do a good job, and did they overcharge me?
We asked 406 Long Angle members what they paid their CPA for annual tax prep and filing.
Over half paid between $1K and $5K, around the same as last year.
The two ends of the spectrum came out close to even. Slightly less than a quarter paid under $1K, and 24% paid over $5K.
A second poll question asked to size the bill by cost per filed page. This is especially interesting considering the 100+ page returns that are common for private market and real estate investors with many K-1s. The most-selected answer was under $10 a page, at 39% of respondents. A quarter paid between $10 and $30.
In the discussion thread, most said handing off the filing is the best money-for-time trade they make. A few argued the fee matters far less than the tax rate it buys.
Life, Health, & Family
How do my health insurance costs compare to others?
Open enrollment is here, so we ran two polls on health insurance coverage. The first was on the source of health insurance: 6 in 10 high-net-worth respondents said they’re on their employer’s plan.
Among those with non-employer coverage (e.g., FIRE households), 44% are on an ACA marketplace plan, 17% on a private plan purchased from a broker, 15% are on COBRA, and 15% selected ‘other.’
We also asked about monthly premiums for the household. Most pay under $1K a month in premiums (excluding employer contributions).
Breaking down the costs by source of coverage, employer plans tend to be cheaper than non-employer ones. 77% with employer coverage pay under $1K per month, while for non-employer plans it’s only 31%. The rest pay more.
COBRA is the priciest, with 75% paying over $2K a month in premiums.
In the discussion thread, Long Angle members shared ways to trim the bill. The one that drew the most interest was a health-share plan that one member has for a family of four at $550 a month.
Private Market Perspectives
How much crypto do most investors hold?
While crypto doesn’t technically match the private markets theme of this section, we’ll make an exception this week since it’s an alternative the Long Angle community tracks.
Last week, roughly $6 billion was stolen from Binance in the largest crypto hack on record. Fake job interviews with hidden malware were reportedly one of the catalysts of the attack.
So how much do investors hold in crypto? Not much relative to their net worth. Our 2026 Asset Allocation Report shows crypto is only about 2% of the average HNW investor’s net worth.
That said, crypto has become a commonly owned asset class. 42% of survey respondents hold some crypto, more people than for private equity or private credit.
Unsurprisingly, investors under 40 are the most likely to invest in crypto and hold the highest share of their investable assets. Exposure fades sharply after the age of 50.
Around Long Angle
A place our members cherish
Most peer groups are built for networking. This one is built for something more valuable: honest conversation about the decisions that matter.
Trusted Circles are groups of six to eight vetted peers, matched by life stage and net worth, who meet monthly with a trained moderator to talk candidly and confidentially through life's most complex decisions.
“The ability to discuss anything, personal, professional, or financial, and feel that you've got people who genuinely have your back has been the most impactful part of the process.” - Al V., Trusted Circle member
Published by:
Chris Bendtsen
Insights Lead, Long Angle
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This material is for informational purposes only and is not investment advice regarding any security or investment strategy. Long Angle does not provide legal or tax advice, consult your attorney, CPA, or tax professional regarding your situation.
Long Angle Management, LLC (Long Angle), is an SEC registered investment adviser firm. Registration does not imply a certain level of skill or endorsement. Investing involves risk, including potential loss of principal. Past performance is not indicative of future results.