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.

Portfolio 119

Portfolio Clients Accounting 119

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.

Retirement 100

Retirement Accounting Retirement Planning Financial Advisor 100

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.

Insurance Coverage 98

Insurance Coverage Insurance Accounting Banking 98

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.

Asset Allocation 104

Asset Allocation Accounting Assets 104

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.

Insurance 133

Insurance Accounting Banking 133

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.

Accounting 122

Accounting Clients Government 122

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!

Accounting 52

Accounting Banking Insurance 52

Accounting for Good

OCTOBER 9, 2023

Key performance indicators for NFP accountants are the best way to measure performance outcomes and gain beneficial financial insights for your clients | AFG

Accounting 52

Accounting Clients 52

Harness Wealth

OCTOBER 11, 2023

Cybersecurity has become a pressing concern for businesses across all industries, including accounting firms. The sensitive financial and personal data held by CPAs and accounting firms make them prime targets for cyberattacks. We’ll also discuss how CPA firms can implement and maintain robust cybersecurity measures.

Accounting 59

Accounting Taxes Clients Risk Management 59

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.

Accounting 91

Accounting Banking Insurance Certification 91

Carson Wealth

JUNE 2, 2023

by Jake Anderson, Paraplanner Retirement accounts like 401(k)s and IRAs allow individuals to save for their future in a tax advantaged manner. IRA and 401(k) contributions are often tax deductible and gains are tax deferred – meaning you may only pay taxes when you withdraw money from your account. 31, 2022 and you turned 75 in 2023.

Retirement 98

Retirement Distribution Accounting Retirement Planning 98

Nationwide Financial

JANUARY 26, 2023

Key Takeaways: 2023 could be a really good year to fund a Roth account because of low tax rates and changes to how the standard deduction, tax brackets, and retirement account contribution limits are adjusted for inflation. 2023 could be a really good year to fund a Roth account. One option is to contribute to a Roth IRA.

Accounting 98

Accounting Retirement Taxes Retirement Planning 98

Harness Wealth

OCTOBER 23, 2023

Key Takeaways: Accounting advisory services extend beyond traditional tax preparation to offer strategic financial guidance. If you’re a CPA who works with clients on more than just annual tax returns, you’re likely already providing accounting advisory services. Table of Contents What Are Accounting Advisory Services?

Accounting 52

Accounting Taxes Estate Planning Strategic Planning 52

Accounting for Good

OCTOBER 13, 2022

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

Accounting 94

Accounting 94

Clever Girl Finance

JULY 15, 2023

Not all bank accounts are set up with your best interests in mind. Your current bank account might come with high monthly fees, present no interest-earning opportunities, or have a clumsy interface that makes it difficult to manage your funds. Table of contents How to close a bank account 1. Wait a full month 6.

Banking 87

Banking Accounting Insurance Government 87

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 .

Taxes 98

Taxes Accounting Retirement Financial Advisor 98

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?

Retirement 66

Retirement Accounting Retirement Planning Distribution 66

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. .

Accounting 98

Accounting Taxes Budgeting Management 98

Clever Girl Finance

JANUARY 9, 2023

Curious about how having an accountability partner works? Instead, the ideal scenario for human success is to have a person (or multiple people) who are on our path with us, such as an accountability partner. Let’s dive into the accountability partner meaning, the benefits of having external accountability, and how to find this person.

Accounting 94

Accounting Communication Investing Investments 94

Accounting for Good

NOVEMBER 13, 2022

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

Accounting 97

Accounting 97

Harness Wealth

NOVEMBER 30, 2023

In November 2023, Harness Tax hosted a webinar that we called “Learn to Love Accounting Again – Redesign Your Practice for 2024.” At Harness, we’ve designed an accounting practice management platform that can enable independent advisors and CPAs to focus on providing their services, not on the backend business.

Accounting 52

Accounting Taxes Clients Compliance 52

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 […].

Retirement 96

Retirement Accounting 96

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.

Accounting 119

Accounting Clients Management Banking 119

Advisor Perspectives

SEPTEMBER 8, 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

Assets 111

Assets Accounting Taxes 111

Trade Brains

AUGUST 29, 2023

Best Savings Bank Account in India : While there are different types of avenues where people invest their money, there is one financial instrument in which individuals will allocate some portion of their money. This financial instrument is none other than a savings account.

Banking 59

Banking Accounting Financial Services Portfolio 59

Walkner Condon Financial Advisors

SEPTEMBER 2, 2022

There are many types of accounts for individuals to employ as part of their saving and investment plan – IRAs, HSAs, FSAs, 529 plans, and more. However, there is one account that we haven’t covered before and doesn’t get a lot of attention when considering the alphabet soup of account types – an ABLE account.

Accounting 98

Accounting Financial Advisor CFP Taxes 98

Advisor Perspectives

JUNE 9, 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

Assets 131

Assets Accounting Taxes 131

Sara Grillo

AUGUST 25, 2023

I created this list of financial advisors for small accounts (less than $300,000 in assets) because there are alot of schmucks out there hawking crap products to people with portfolio of this size, and I don’t think it’s fair. Transform Retirement www.transformretirement.com Avg account size: Approx. Three Creeks Capital – Ryan A.

Financial Advisor 52

Financial Advisor Accounting Financial Planning Retirement 52

MainStreet Financial Planning

JUNE 23, 2023

ABLE (Achieving a Better Life Experience) accounts are one of those options. ABLE accounts are specialized savings accounts designed to help individuals with disabilities and their families save and invest money for disability-related expenses. There are a few specialized financial tools for individuals with disabilities.

Accounting 81

Accounting Taxes Financial Advisor Retirement Planning 81

Good Financial Cents

FEBRUARY 1, 2023

Investing in a guaranteed interest account is a great way to secure your money, as there is very little risk. Guaranteed interest accounts provide reliable, consistent returns and can be used for short-term savings or to supplement other investments in your portfolio. How Does A Guaranteed Interest Account Work?

Investing 95

Investing Investments Accounting Insurance 95

Trade Brains

JULY 30, 2023

Best Demat Accounts In India : While the textbook definition of a demat account is the ability to buy and sell securities, traders, and investors today want to be able to do much more than that. What Is a Demat Account? Any participant who wants to trade and/or invest needs to have a Demat account.

Accounting 52

Accounting Banking Investing Investments 52

Clever Girl Finance

JUNE 12, 2023

Let’s talk about saving money for your child via custodial accounts and education plans. Different types of custodial accounts for minors can help you save for your child’s future. Table of contents What is a custodial account? Are custodial accounts a good idea? Can parents take money from custodial accounts?

Accounting 64

Accounting Taxes Investing Investments 64

eMoney Advisor

FEBRUARY 28, 2023

Account aggregation gives financial professionals—and their clients—a complete and centralized view of the client’s financial information. And while the use of account aggregation technology streamlines onboarding, it also highlights the value of a financial professional, helping improve client loyalty and business growth.

Accounting 71

Accounting Assets Financial Planning Financial Advice 71