Advisor Perspectives

AUGUST 8, 2024

Multiple jobholders account for 5.2% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.

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Accounting 80

MainStreet Financial Planning

JULY 11, 2024

Let’s explore how 529 plans compare to Coverdell Education Savings Accounts (ESAs), pre-paid tuition plans, custodial accounts, and taxable investment accounts. Custodial Accounts UGMA and UTMA accounts are custodial accounts that provide more flexibility in investment choices and usage.

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Advisor Perspectives

SEPTEMBER 12, 2024

Determining the age when retirement account owners need to begin taking distributions is key for heirs to understand how to implement the 10-year rule for inherited accounts. Bill Cass explains what beneficiaries need to know.

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Wealthfront

SEPTEMBER 19, 2024

The fed funds rate […] The post How the Fed Funds Rate Impacts the Wealthfront Cash Account appeared first on Wealthfront Blog. It’s an important factor in the interest you earn on your savings as well as the rate you pay on any loans or debt.

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Accounting 52

A Wealth of Common Sense

APRIL 13, 2023

I’m currently maxing out my 401k, Roth IRA, and have roughly $45k in a taxable brokerage account. Via my company’s ESOP, my company’s stock has become 20% of my brokerage account even after selling a good chunk steadily over the past several years. A reader asks: I’m a 30 year old living in Brooklyn making $175/year.

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Advisor Perspectives

DECEMBER 7, 2023

Without recourse to your text, your notes, or a Google search, what line item is the largest asset in Uncle Sam's financial accounts? Official Reserve Assets B) Total Mortgages C) Taxes Receivable D) Student Loans

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Wealth Management

SEPTEMBER 21, 2023

That gives the firm’s RIA custody clients free access to performance reporting, fee billing, portfolio rebalancing, a client portal and portfolio accounting software.

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Wealthfront

NOVEMBER 10, 2022

Today, we’re excited to announce we’ve doubled the FDIC insurance you get on your deposits in a Wealthfront Cash Account. Your Cash Account deposits are now insured for up to $2 million through our partner banks, which is 8x the amount available in a traditional bank account.

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Integrity Financial Planning

MAY 8, 2023

You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? 1, 2, 3, 5] [link] [4] [link] The post What Happens to Inherited Retirement Accounts?

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Tobias Financial

AUGUST 7, 2024

The IRS has recently issued new regulations clarifying the rules for required minimum distributions (RMDs) from inherited retirement accounts. If an account owner fails to withdraw the full amount of the RMD by the due date, the owner is subject to an excise tax equal to 25% of the amount not withdrawn. Why is this clarity needed?

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Wealthfront

JUNE 28, 2024

We built the Wealthfront Cash Account to be the ideal home for your short-term cash. That’s why the Cash Account comes with a high APY and up to of FDIC insurance through our partner banks, with absolutely no account fees. But […] The post How To Get the Most Out of Your Cash Account appeared first on Wealthfront Blog.

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Advisor Perspectives

JANUARY 26, 2023

Special needs trusts and ABLE accounts are the pillars of special needs funding. I have a professional here to discuss the differences between them and how each can be used to maximize financial resources. This includes protecting government benefits, understanding eligibility requirements, guidelines for use, and funding options.

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Wealth Management

AUGUST 21, 2023

Soon, accounts held by trust may be insured by the FDIC for up to $1,250,000, rather than the current $250,000 limit on many individual accounts.

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Accounting for Good

DECEMBER 11, 2023

Accounting for Good 2023 recap. AFG is your NFP Accounting specialist | AFG As we move through December it is timely to share two relevant articles with you.

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Clever Girl Finance

OCTOBER 23, 2023

That said, you can leverage Christmas Club Accounts to automate your savings to make the holidays a lot more affordable! What is a Christmas club account? How does a Christmas club account work? Why should you use a Christmas savings account? Other types of Christmas Savings Accounts Are Christmas Clubs worth it?

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Good Financial Cents

OCTOBER 27, 2022

While the best savings accounts used to come from traditional brick-and-mortar institutions, this is no longer the case at all. The reality is, many online banks and fintech companies offer savings accounts with lower fees (or no fees) these days, and their interest rates are much more competitive than you’ll find elsewhere.

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MazumaBusinessAccounting

APRIL 10, 2021

When you try to manage the accounting and bookkeeping for your business yourself, you may run into trouble. Here are some things to consider before you try DIY accounting for your business. You should be able to spend time on ways to grow your business, not accounting and bookkeeping. .

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Accounting for Good

APRIL 10, 2024

NFPs require specialist accounting services with a firm focusing only on the NFP sector. Accounting For Good is that firm. Contact us today for | AFG

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WiserAdvisor

SEPTEMBER 20, 2023

In the context of retirement accounts, a vested balance represents the portion of funds that an individual has rightfully accrued in their retirement savings account, often through self and employer contributions. This ownership difference underscores the importance of understanding your retirement account’s vesting rules.

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Accounting for Good

OCTOBER 13, 2022

The post Technology in [NFP] accounting first appeared on ACCOUNTING FOR GOOD.

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Accounting 94

Accounting for Good

JANUARY 17, 2024

Accounting For Good’s expectations for 2024 see continuing service to not-for-profits with qualified accounting services tailored to your organisation. |

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Wealthfront

MAY 16, 2023

You may have heard about the APY on Wealthfront’s Cash Account offered through our partner banks and wondered whether this account offers benefits beyond the high APY. The Cash Account has a few key advantages over a standard savings account you should know about. The short answer is – yes!

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Walkner Condon Financial Advisors

SEPTEMBER 10, 2024

Health Savings Accounts (HSA) were introduced in 2003 as a means to both reduce overall healthcare spending and encourage Americans to save for increasing healthcare expenses. Learn about the important variables to consider when opening an HSA with Walkner Condon Financial Advisors.

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Accounting for Good

FEBRUARY 19, 2024

Getting onboard with Accounting For Good improves your day to day processes and ensures high-performance support. Contact Us Today | AFG

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Advisor Perspectives

SEPTEMBER 24, 2024

One often-overlooked strategy in the realm of cybersecurity is the simple yet effective practice of using multiple email accounts. In today’s fast-paced digital world, where cyber threats are always lurking, safeguarding your personal and professional information is no longer optional – it’s essential.

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AdvicePay

FEBRUARY 14, 2024

Are you aware that you have the capability to streamline billing on held-away accounts using AdvicePay and Pontera? Pontera empowers you with the tools to efficiently manage held-away accounts, while AdvicePay offers a comprehensive billing solution designed specifically to invoice clients for your advisory services.

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Accounting for Good

NOVEMBER 13, 2022

The post December EOFY accounting checklist for NFPs first appeared on ACCOUNTING FOR GOOD.

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Advisor Perspectives

APRIL 18, 2024

My guest will discuss what advisors need to know about cash sweep accounts and how advisors can evaluate different platforms. One year after the collapse of SVB, fiduciaries need to understand the cash management platforms on the market, including the fine print that can make or break a client relationship.

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Carson Wealth

DECEMBER 28, 2022

While everyone has different financial goals and objectives, one smart strategy can be to reap the benefits of tax-advantaged accounts to help mitigate your tax burden, whether for today or down the road. What Are Tax-Advantaged Accounts? . There are two types of tax-advantaged accounts: . Tax-Deferred Accounts .

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Mullooly Asset Management

OCTOBER 25, 2022

If you save money into a retirement account, like a 401(k), 457 or 403(b), you will be able to contribute more in 2023. The IRS announced a new contribution limit of $22,500 for these accounts starting next year. That is an increase of $2,000 from the 2022 limit of $20,500. This is important for workers […].

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Wealthfront

AUGUST 31, 2022

Since we launched the Wealthfront Cash Account back in early 2019, many clients have asked us how we manage to offer a rate that’s so much higher than […]. The post Why Is the Wealthfront Cash Account APY So High? But not all financial institutions pay the same rate—not even close. appeared first on Wealthfront Blog.

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Accounting for Good

JANUARY 29, 2024

Accounting For Good’s training and support services reach all levels of your organisation. Experts in Xero implementation. Contact us today | AFG

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Accounting 52

Accounting for Good

JANUARY 29, 2024

Accounting For Good’s training and support services reach all levels of your organisation. Experts in Xero implementation. Contact Us Today | AFG

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Accounting 52