Abnormal Returns

SEPTEMBER 27, 2023

morningstar.com) A first-hand account of the case for hiring a tax preparer. dariusforoux.com) Want to be happier in retirement? marketwatch.com) Why your estate plan should include this letter. (morningstar.com) There are a lot of decisions to make when it comes to health insurance.

Estate Planning 274

Estate Planning Taxes Insurance Retirement 274

Financial Symmetry

APRIL 14, 2025

Each of these account types has its pros and cons, which I have outlined below. Once you open this account, it functions the same way as every other bank account does for deposits and withdrawals, and you can order a debit card for your child once they get older for spending purposes.

Accounting 62

Accounting Taxes Education Planning 62

Nerd's Eye View

MARCH 24, 2023

Also in industry news this week: Top Democratic Senators are urging the Treasury Department to crack down on a range of estate planning strategies for high-net-worth individuals, including GRATs and IDGTs Amid fallout from recent bank failures, both Republicans and Democrats are considering whether current FDIC insurance limits should be increased (..)

Financial Planner 245

Financial Planner CFP Certification Retirement Planning 245

Nerd's Eye View

OCTOBER 7, 2024

Welcome to the October 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Clients 246

Clients B2B Estate Planning Planning 246

WiserAdvisor

JUNE 13, 2025

Keeping it safe, growing it wisely, and using it to support your future takes careful planning. It plays a crucial role in helping people achieve financial stability, prepare for retirement, and leave a lasting legacy for their families. Yet even the best financial plans can stumble. Yet, many people put it off.

Estate Planning 59

Estate Planning Taxes Retirement Healthcare 59

Nerd's Eye View

JANUARY 24, 2024

The need to address longevity risk has become increasingly important, allowing financial advisors to add even more value for their clients by ensuring that their financial needs are met throughout retirement. Ultimately, the key point is that a properly drafted POA is an essential part of every estate plan.

Estate Planning 246

Estate Planning Accounting Clients Planning 246

Nerd's Eye View

JANUARY 24, 2024

The need to address longevity risk has become increasingly important, allowing financial advisors to add even more value for their clients by ensuring that their financial needs are met throughout retirement. Ultimately, the key point is that a properly drafted POA is an essential part of every estate plan.

Clients 246

Clients Estate Planning Accounting Planning 246

Nerd's Eye View

SEPTEMBER 6, 2023

Which means that by taking into account a client's net worth, realistic liability risks, and level of sophistication, advisors can help assess what types of strategies may be appropriate for the client to explore. For instance, qualified plan assets (e.g., tenancy by the entireties and community property).

Education 246

Education Assets Clients Estate Planning 246

MainStreet Financial Planning

JANUARY 23, 2025

Freezing your credit is an effective way to protect against identity theft and unauthorized access to your financial accounts. Verify that the information is accurate and that all your credit cards, store accounts, and loans are properly listed. This will help catch any errors or fraudulent activity.

Estate Planning 79

Estate Planning Budgeting Taxes Insurance 79

Nerd's Eye View

JUNE 21, 2024

million in assets to both retire and pass on a legacy interest (though many have yet to establish an estate plan), according to a recent survey. Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that affluent Americans believe they need an average of $5.5

Financial Planner 246

Financial Planner Financial Advisor Taxes Math 246

WiserAdvisor

AUGUST 31, 2023

Financial advisors play a crucial role in assisting you before your retire. They can also help you optimize your savings and investment plans, ensuring that you maximize your earning potential while minimizing risks. Here are 5 benefits of hiring a financial advisor after you retire: 1.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

Darrow Wealth Management

APRIL 21, 2025

While a Roth conversion may never make sense for some individuals, for others, early retirement years may be the best time to convert pre-tax accounts to tax-free Roth. Converting a traditional IRA to a Roth doesnt make sense unless you have cash to pay taxes without dipping into your retirement savings.

Retirement 56

Retirement Retirement Planning Taxes Accounting 56

Yardley Wealth Management

JANUARY 21, 2025

These professionals help you define clear financial objectives and create actionable plans to achieve them, whether you’re planning to buy a home, save for college, or prepare for retirement. Retirement Planning Retirement planning is one area where talking to a financial planner proves particularly worthwhile.

Financial Planner 52

Financial Planner Financial Planning Planning Retirement Planning 52

Yardley Wealth Management

FEBRUARY 18, 2025

Key benefits include: Ensuring essential financial obligations are met first – Taxes, estate planning, and retirement savings take precedence. Strategic long-term planning – Provides a roadmap for surplus wealth allocation. Tier 2: Allocates funds to retirement accounts and family support.

Wealth Management 52

Wealth Management Management Estate Planning Distribution 52

Harness Wealth

NOVEMBER 12, 2024

Checklist: Year-end Tax Planning Strategies Review the following tax strategies with your tax advisor and/or financial advisor before the end of the year. Fully Utilize Tax-Advantaged Retirement and Savings Accounts There are multiple steps you can take using retirement accounts to reduce your taxable income.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Integrity Financial Planning

NOVEMBER 20, 2023

One way of thinking about retirement is that it happens in phases. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look like. When you are 20 years old, it can be hard to picture what retirement might look like for you.

Retirement 88

Retirement Budgeting Medical Distribution 88

WiserAdvisor

OCTOBER 4, 2022

Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. However, the main drawback to this can be the lack of foresight regarding what and how to plan.

Budgeting 102

Budgeting Retirement Healthcare Food 102

The Big Picture

MAY 29, 2024

A great financial planner is a strategist, but we know most of them are just entering stuff in a financial plan and just spitting out, like, a couple projections and telling you how much to save. The investments in your trust are going to be managed differently than your IRA because we’ve accounted for your estate plan as part of it.

Risk Management 287

Risk Management Taxes Estate Planning Financial Planner 287

Abnormal Returns

MAY 22, 2023

barrons.com) Dan Haylett talks with Brian Portnoy about contentment in retirement. citywire.com) Estate planning Can new estate planning platforms put the adviser at the center of the process? investmentnews.com) Why auto-portability of 401(k) accounts will help. Come meet the team in Austin on June 12-14th.

Financial Advising 130

Financial Advising Estate Planning Wealth Management Compliance 130

Abnormal Returns

SEPTEMBER 11, 2023

kitces.com) The SECURE Act made Roth IRAs more attractive from a estate planning perspective. thinkadvisor.com) How RMDs on 401(k) accounts are different. financialducksinarow.com) Financial considerations are only one part of planning for retirement. kindnessfp.com)

Wealth Management 144

Wealth Management Estate Planning Financial Advice Financial Planning 144

Abnormal Returns

OCTOBER 10, 2022

(riabiz.com) Fidelity, Vanguard and Alight are rolling out a service to automate the transfer of retirement accounts between employers. riabiz.com) Taxes Why RIAs love to buy accounting firms. advisorperspectives.com) Only 1 in 3 Americans have an estate plan. (fa-mag.com) fa-mag.com) Risk is unavoidable.

Wealth Management 130

Wealth Management Financial Advising Estate Planning Taxes 130

Zoe Financial

DECEMBER 28, 2024

Example : Set up an automatic transfer to your savings account after every paycheck or schedule monthly check-ins with your financial advisor. For instance, I will contribute an additional $10,000 to my retirement fund this year or I will pay off my $15,000 credit card balance by December 2025. Outcome: What Results Will You Achieve?

Estate Planning 40

Estate Planning Financial Advisor Accounting Wealth Advisor 40

NAIFA Advisor Today

APRIL 12, 2024

Understanding the intersection between financial assets and estate planning is extremely important for maximizing wealth and enhancing asset protection. Join us on Wednesday, May 1, 2024, from 12:00 pm to 1:00 pm Eastern for an in-depth webinar that focuses on aligning your clients' financial assets with their estate planning goals.

Estate Planning 52

Estate Planning Planning Financial Planning Assets 52

Zoe Financial

MARCH 21, 2025

Published: March 21st, 2025 Reading Time: 6 minutes Written by: The Zoe Team Managing wealth involves more than just investingit requires careful planning, strategic decision-making, and a long-term vision. Estate Planning : Ensuring your wealth is passed on according to your wishes. Optimizing tax-efficient retirement income.

Financial Advisor 40

Financial Advisor Strategic Planning Estate Planning Retirement 40

Yardley Wealth Management

FEBRUARY 4, 2025

Key Takeaways: Maximize available deductions through strategic planning Consider timing of income recognition and deductions Leverage investment and charitable giving strategies Stay informed about AMT implications Regularly review and update your tax strategy FAQ Q: What are the best tax deductions for high-income earners?

Taxes 52

Taxes Wealth Management Healthcare Retirement 52

Carson Wealth

DECEMBER 8, 2023

The benefit: more interest income on cash and money market accounts. Many states also exempt retirement income, which may include Social Security. Review Retirement Plan Contributions I review retirement plan contributions for increased December contributions that may allow me to squeeze a few more dollars into the plan.

Planning 143

Planning Retirement Planning Taxes Insurance 143

Carson Wealth

APRIL 4, 2024

From opening your first checking account to taking out your first car loan, they were always there to guide you. Assessing Their Financial Situation Your first task should be gathering information about all of your parents’ financial accounts and holdings. Your parents taught you everything you know about money. It’s not always easy.

Management 137

Management Healthcare Medical Estate Planning 137

Carson Wealth

FEBRUARY 13, 2023

While there are certainly ways to do estate planning without a lawyer, for most people hiring an estate planning attorney makes the most sense. Estate plans can get complex fast, and even fairly straightforward estates can feel overwhelming if you’re not trained in the area. Do your research.

Estate Planning 52

Estate Planning Planning Consulting Financial Advisor 52

Darrow Wealth Management

MARCH 31, 2023

Money and divorce This article solely focuses on some of the general financial planning aspects of divorce and is not personal legal, tax, accounting, or financial advice. You’ll also want to consider engaging a financial advisor, tax advisor, and estate planning attorney too. Retirement accounts: IRAs vs 401(k)s.

Financial Planning 105

Financial Planning Planning Estate Planning Assets 105

International College of Financial Planning

OCTOBER 26, 2023

The Imperative of Estate Planning: Not Just for the Affluent Often, there’s a prevailing misconception that estate planning is a luxury reserved for the wealthy elite. Real estate planning is a crucial undertaking that every adult and family should prioritize.

Estate Planning 52

Estate Planning CFP Certification Certified Financial Planner 52

WiserAdvisor

JUNE 4, 2025

Financial advisors should take these factors into account to ensure their clients receive the right experience. This article will discuss some of the most pivotal financial planning industry trends to watch out for this year. There is technological advancement like never before, and society itself is transforming rapidly.

Financial Planning 59

Financial Planning Planning Financial Advisor Ethics 59

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

Harness Wealth

APRIL 16, 2025

Roth IRA conversions present a significant challenge for retirement planners: pay taxes now or later? Moving funds from traditional IRAs to Roth accounts triggers immediate taxation but promises tax-free withdrawals in retirement. This flexibility becomes increasingly valuable as your retirement portfolio grows more complex.

Taxes 52

Taxes Retirement Retirement Planning Distribution 52

WiserAdvisor

APRIL 19, 2024

While a financial plan focuses on managing your finances during your lifetime, an estate plan is essential for determining the fate of your assets after you pass away. Estate planning involves the transfer of your assets to your heirs in the event of your passing.

Estate Planning 45

Estate Planning Planning Distribution Accounting 45

Darrow Wealth Management

OCTOBER 28, 2024

Are you planning to retire? Don’t discount your non-financial goals and what you plan to do after you sell. Going from running a company to suddenly retired can be a difficult transition for some people. Create a formal financial plan. Put the plan into action. What are your income needs?

Sales 105

Sales Taxes Estate Planning Planning 105

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

CONTRIBUTIONS ACCOUNTS. Employer-Sponsored Accounts such as 401(k) and 403(b). The maximum contribution amount for these respective accounts is $20,500 , with an additional catch-up contribution limit of $6,500 for individuals aged 50 or older. IRA Accounts. 529 College Savings Plans.

Insurance Coverage 98

Insurance Coverage Retirement Planning Accounting Financial Advisor 98

Carson Wealth

JULY 12, 2022

Translating from the secret language of financial planning, the sentence would read “Tammy specializes in insurance. She reviewed two types of annuity contracts often used for retirement and helped determine which one is the best fit for her client.” . In financial services, you might encounter an LLM in tax or estate planning. .

Financial Advising 98

Financial Advising Financial Planning Ethics Financial Services 98