Calculators
Six illustrative tools that make mechanics tangible. Enter hypothetical numbers; every result is arithmetic on stated assumptions — not a projection, not a plan, not advice.
Private-fund fees & J-curve
How management fees, carry, and the drawdown cycle turn a gross multiple into a net one. Companion to Private Fund Fees and Terms.
Spending-policy explorer
What a fixed real spending rate does to a portfolio across flat return scenarios. Companion to Liquidity Allocation.
Estate-tax mechanics
The arithmetic of exemptions, rates, and giving early — with the exemption and rate as YOUR inputs, because the law changes. Companion to Estate and Gift Taxes.
Concentrated-position timeline
Staged selling: how long a chosen sale pace takes to reach a target weight, and the illustrative tax toll. Companion to Concentrated Stock Positions.
Liquidity ladder
One common tiering framework applied to your hypothetical spending, portfolio, and unfunded commitments. Companion to Liquidity Allocation.
Giving vehicles side-by-side
The admin-drag arithmetic between a foundation and a donor-advised fund at identical growth and payout. The real differences are qualitative — see DAF vs. Foundation vs. Direct.