Abnormal Returns

NOVEMBER 6, 2023

ft.com) Creative Planning has closed on its purchase of Goldman Sachs' ($GS) PFM unit. citywire.com) Creative Planning is expanding its reach in the retirement plan space. papers.ssrn.com) Taxes A 2023 year-end tax planning guide. kitces.com) Advisers How the profession of financial planning has changed over time.

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Wealth Management Retirement Planning Tax Planning Financial Advisor 234

MainStreet Financial Planning

JANUARY 3, 2024

The IRS and Social Security Administration recently announced changes for 2024. The annual maximum Health Savings Account (HSA) contribution limits for 2024 will be $4,150 for self-only coverage and $8,300 for family coverage. In 2024, eligible employees may contribute up to $3,200 to a FSA (Flexible Spending Account).

Taxes 98

Taxes Retirement Planning Accounting Planning 98

Carson Wealth

DECEMBER 8, 2023

Petersen, CPA, CFP ® , CP, Affluent Wealth Planning The holidays are upon us! That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. Lastly, I allocate the retirement plan contributions between Roth and Traditional 401(k) accounts.

Planning 143

Planning Retirement Planning Taxes Insurance 143

MainStreet Financial Planning

APRIL 4, 2024

If your child is a sophomore in high school right now, this year is super important for your college funding plan! To be eligible for financial aid (grants & student loans) for college your child will need to submit your tax return as part of their FAFSA application when applying to colleges in their senior year.

Taxes 97

Taxes Retirement Planning Financial Planning Planning 97

Nerd's Eye View

DECEMBER 22, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Envestnet has published research highlighting a number of key trends that they believe will shape the growth of the advisory industry in 2024 and beyond, which reflect at a high level advisors' ongoing shift towards providing (..)

Financial Planner 235

Financial Planner Fee Only Tax Planning Retirement 235

Fortune Financial

FEBRUARY 28, 2023

It’s designed to help people with high-deductible insurance plans pay their out-of-pocket medical costs, but can also be surprisingly effective as a retirement savings tool. For a High Deductible Health Plan (HDHP), current law limits the maximum out-of-pocket expenses to $15,000 for a family and $7,500 for an individual.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

Carson Wealth

DECEMBER 27, 2023

By Ryan Egolf, EA, Senior Tax Planner As the New Year quickly approaches, it’s time to put a bow on your 2023 financial plan. While this is by no means an exhaustive or comprehensive list of financial planning tools, these three broad areas will get you headed in the right direction.

Planning 89

Planning Retirement Planning Insurance Taxes 89

Darrow Wealth Management

APRIL 15, 2024

But typically, it means the same thing: working in some capacity after retiring early. According to the 2024 State of Retirement Planning Study by Fidelity Investments, the rise of remote and hybrid work has shifted retirement preferences for working Americans under age 42. But that’s short-sighted.

Retirement 91

Retirement Retirement Planning Insurance Medical 91

Your Richest Life

JANUARY 20, 2023

Whether you’re decades from retirement or quickly approaching it, some of these changes will likely impact you and your financial plan. Student Loan and Roth Account Matching Employers will be able to match employees’ student loan payments to a workplace retirement account beginning in 2024. Secure Act 2.0:

Retirement Planning 105

Retirement Planning Retirement Planning Accounting 105

Trade Brains

DECEMBER 7, 2023

The course covers an introduction to personal finance, credit cards, life insurance, health insurance, investment instruments, loans, income tax and planning, budgeting and building a strong portfolio. Also, you will learn how to plan your taxes, credit score importance and how to budget your income to create a portfolio.

Budgeting 59

Budgeting Certification Education Asset Allocation 59

Fortune Financial

JULY 12, 2023

How Will the Cost of Living Impact Retirees in 2024? As we look forward to 2024, it is important to acknowledge the ever-changing dynamics of the cost of living and its profound impact on retirees. With various factors contributing to the cost of living, how can retirees navigate the financial hurdles facing their generation?

Healthcare 52

Healthcare Retirement Budgeting Financial Advisor 52

Fortune Financial

JULY 12, 2023

How Will the Cost of Living Impact Retirees in 2024? As we look forward to 2024, it is important to acknowledge the ever-changing dynamics of the cost of living and its profound impact on retirees. With various factors contributing to the cost of living, how can retirees navigate the financial hurdles facing their generation?

Healthcare 52

Healthcare Retirement Budgeting Financial Advisor 52

Carson Wealth

JANUARY 5, 2023

Qualified retirement plans – such as 401(k)s, 403(b)s and IRAs – offer clear tax advantages. The RMD rules apply to all employer-sponsored qualified retirement accounts (401(k)s, 403(b)s, etc.) and IRAs, with exception of Roth IRAs – and beginning in 2024, due to the SECURE 2.0 Act provisions, Roth 401(k)s.

Distribution 98

Distribution Retirement Planning Taxes 98

Integrity Financial Planning

MAY 16, 2023

designated Roth 401(k) accounts in 2024 will not have to take RMDs in their lifetime. [4] The reason RMDs exist is that many retirement accounts are pretax vehicles, meaning the money that you have put into them has not been taxed yet. 7] Planning for RMDs is essential for retirement planning. Find them here.

Accounting 88

Accounting Retirement Retirement Planning Taxes 88

WiserAdvisor

JANUARY 9, 2024

As we usher in 2024, it’s time to turn over a new leaf, not just personally but financially as well. The tradition of making New Year’s resolutions often centers around self-improvement, and what better way to enhance your life than by fortifying your financial health?

Budgeting 40

Budgeting Retirement Planning Retirement Accounting 40

Sara Grillo

APRIL 28, 2023

When : Wednesday, March 13th – Thursday, March 14th, 2024 Where : DoubleTree by Hilton St. We are planning for 40 people at most. If you wish to transfer your ticket to another party, you may do so before March 1, 2024, and you agree to notify Sara Grillo immediately of any changes in ownership. Will you join us?

CFP 52

CFP Taxes Sales Financial Advisor 52

WiserAdvisor

MARCH 22, 2024

Embarking on the journey toward retirement often begins with the echoing question: How much money is enough to retire comfortably? This inquiry paves the way for financial planning and unravels the complexity of individual aspirations, lifestyle choices, and the inevitable uncertainty of future needs.

Retirement 52

Retirement Retirement Planning Financial Advisor Planning 52

Carson Wealth

DECEMBER 27, 2022

As 55% of Americans say they don’t have enough saved for retirement, this bipartisan legislation primarily seeks to make it easier to contribute to retirement plans and use those funds appropriately for their needs in retirement. The plans would have to decide to offer this feature, as it is not automatic.

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Retirement Retirement Planning Distribution Taxes 98

WiserAdvisor

FEBRUARY 19, 2024

Blind spots in retirement planning are those aspects that are often overlooked, either intentionally or subconsciously. From seemingly harmless low-interest debt to underestimating the emotional impact of transitioning out of the workforce, various factors can disrupt your peace of mind during your retirement years.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

Ballast Advisors

NOVEMBER 27, 2023

Defer income to next year Consider opportunities to defer income to 2024, particularly if you think you may be in a lower tax bracket then. Save more for retirement Deductible contributions to a traditional IRA and pre-tax contributions to an employer-sponsored retirement plan such as a 401(k) can reduce your 2023 taxable income.

Taxes 40

Taxes Retirement Planning Distribution Retirement 40

Darrow Wealth Management

NOVEMBER 20, 2023

If you think retirement planning moves stop at retirement, think again. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. But there are other ways to go about tax planning.

Retirement 81

Retirement Distribution Taxes Accounting 81

WiserAdvisor

OCTOBER 9, 2023

The rules surrounding Individual Retirement Accounts (IRAs) undergo frequent and impactful changes. While IRAs are a cornerstone for many retirement plans, these accounts being inherited adds a layer of complexity to them. You may plan a gradual withdrawal strategy that spaces out the distributions over the 10-year period.

Distribution 52

Distribution Taxes Retirement Retirement Planning 52

FMG

FEBRUARY 28, 2024

In fact, in 2024, it’s said that there will be 509 million podcast listeners globally , with over 100 million active listeners a week in the U.S. It’s a bi-weekly podcast that delves into the intricate world of financial wealth management. Covering everything from investment strategy to retirement planning and more.

Financial Advisor 52

Financial Advisor Wealth Management Advertising Consulting 52

Tucker Advisors

APRIL 4, 2023

By next year, 2024, one in four workers will be 55 or older, which is an over 100% increase from 30 years ago in 1994. Since 1980 through 2014, workers with retirement plans that included a pension fell from 39% to 13%, a 200% decline. Conversely, workers who only have 401(k)s or defined contribution plans, rose from 9 to 34%.

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Retirement Financial Advisor Planning Budgeting 75