Tobias Financial

JULY 5, 2024

In a recent CNBC article, our Wealth Advisor, Catalina Franco-Cicero, MS, CFP®, CTS , was quoted on the topic of tax strategies during periods of unemployment. However, a period of lower income in 2024 could present valuable tax planning opportunities.

Taxes

Darrow Wealth Management

DECEMBER 23, 2022

would keep the age 50 catch-ups and allow new ones: 401(k) & 403(b) plans: starting in 2025, the catch-up contribution will become the greater of $10,000 or 150% of the catch-up limit for individuals between age 60 – 63. IRAs: the $1,000 catch-up limit will be indexed by inflation for tax years starting in 2024.

Retirement

Darrow Wealth Management

JANUARY 9, 2023

The ability to do 529 plan to Roth IRA rollovers goes into effect January 2024. No required minimum distributions (RMDs) in Roth 401(k) plans. Starting in 2024, individuals who left assets in a Roth employer plan won’t be subject to mandatory distributions during their life. Prior to the passing of Secure Act 2.0,

Accounting

Darrow Wealth Management

NOVEMBER 20, 2023

As part of the new rules, non-spouse beneficiaries inheriting a pre-tax retirement account after 2020 must drain the account within 10 years (and potentially take RMDs within that time also, though further guidance is expected in 2024). But there are other ways to go about tax planning.

Retirement

Darrow Wealth Management

JULY 30, 2024

For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. It can also preclude some tax planning strategies down the road.

Taxes

Darrow Wealth Management

JULY 1, 2024

Lowering the estate and gift tax limits The current exemption was raised dramatically in 2018. In 2024, a single taxpayer can claim a federal estate and lifetime gift tax exemption of $13.61 This tax benefit is scheduled to sunset at the end of 2026. Last reviewed June 2024 The post Major Tax Changes Are Coming in 2026.

Taxes

Darrow Wealth Management

FEBRUARY 19, 2024

In February 2024, Microsoft is the largest company by market cap in the world with a 7.3% Regardless of the situation, it’s important to remember two key things: stocks don’t only go up and taxes alone shouldn’t drive the decision. weighting in the S&P 500.

Management

FMG

FEBRUARY 22, 2023

For example, FMG and Holistiplan held a webinar about how tax offering tax planning is a big growth opportunity for financial advisors. Podcasts Ryan Burklo, RICP and Alex Collins, CHFC, CFP’s podcast “ Beer and Money ” is described on their site as a “financial fireside chat.”

Marketing

Harness Wealth

JUNE 5, 2024

Maddox to promote Harness as he is a tax adviser available through the Harness platform. CFP® Before moving to Harness, Kelley Maddox was on a typical trajectory at his previous company. Finding the ideal client Kelley leveraged Harness’s curated tax client introductions. Breaking away from an RIA Kelley Maddox, CPA.

Taxes

Nerd's Eye View

MARCH 15, 2024

While the final submitted text has not been released, some experts suggest that the DoL likely made few changes to its initial proposal, despite significant opposition from broker-dealers that could lead to the judicial system deciding the rule’s ultimate fate.

Financial Planner

Nerd's Eye View

MARCH 15, 2024

While the final submitted text has not been released, some experts suggest that the DoL likely made few changes to its initial proposal, despite significant opposition from broker-dealers that could lead to the judicial system deciding the rule’s ultimate fate.

Financial Planner

Darrow Wealth Management

NOVEMBER 5, 2024

In addition, 7% of the amount excluded is a preference item for the alternative minimum tax. Remember, this is a summary of the tax implications for section 1202 of the tax code (as of 11/2024); it’s not tax advice! Discuss your situation with a tax advisor.

Taxes

Darrow Wealth Management

JANUARY 29, 2024

Limiting access can provide estate tax planning benefits for some). Other living trust benefits State estate tax planning. States have their own estate tax laws. For example, the Massachusetts estate tax exemption is currently $2M per person. And unlike the federal exemption, the amount isn’t portable.

Estate Planning

Darrow Wealth Management

JULY 24, 2023

But just last week, the IRS again waived penalties on missed distributions for 2023 and indicated that final guidance won’t come until 2024. For those who have not yet considered planning strategies around inherited IRA distributions, now is the time. In the release, the IRS said they expect to release final guidance in 2024.

Distribution

Indigo Marketing Agency

JANUARY 25, 2025

Whether its tax planning, practice management, or technology trends, Michael remains a go-to resource for cutting-edge knowledge. Samantha was also a finalist in the 2024 Wealthies. ( FMG Suite won for their Holiday Advent Calendar Campaign in the Digital Marketing Campaign category. Join her over 42,000 followers on LinkedIn.

Financial Advisor