Nerd's Eye View

JULY 7, 2023

Also in industry news this week: A recent survey indicates that a strong majority of financial advisory clients have maintained their trust in their advisors despite the investment market setbacks experienced last year A report from the SEC shows that a majority RIAs have mandatory arbitration clauses in their client agreements, a practice that has (..)

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Financial Planner Tax Planning Clients Valuation 231

Nerd's Eye View

FEBRUARY 24, 2023

Also in industry news this week: Why the behavior of some TAMPs and investment advisers might have led the SEC to propose its new (and potentially burdensome) ‘outsourcing rule’ Why independent broker-dealers could become major players in RIA M&A in the coming year From there, we have several articles on advisor marketing: How to craft (..)

Financial Planner 216

Financial Planner Tax Planning Taxes Clients 216

Harness Wealth

JANUARY 24, 2023

Who knows, you might even find a more tax-friendly destination along the way. Maryland is the only state that imposes both estate and inheritance taxes. These state taxes range from 0.8% Washington, for example, which has no state income tax, does impose an estate tax of 10 to 20 percent on estates with assets of $2.2

Startup 52

Startup Tax Planning Taxes Planning 52

Nerd's Eye View

MAY 12, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that clients of advisors providing comprehensive planning services are significantly more satisfied than those receiving a lower tier of service.

Financial Planner 202

Financial Planner Tax Planning Clients Taxes 202

James Hendries

SEPTEMBER 20, 2022

The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal professional. This article was prepared by Broadridge. an affiliate of LPL Financial. LPL Tracking #1-05116964.

Tax Planning 52

Tax Planning Taxes Planning Accounting 52

Nerd's Eye View

OCTOBER 14, 2022

While this will help seniors keep pace with rising prices, it also creates tax planning opportunities for advisors and raises the possibility that the Social Security Trust Fund could be depleted sooner than expected. for 2023, the largest COLA since 1981. Why accounting firms have become hot acquisition targets for RIAs.

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Financial Planner Tax Planning Clients Accounting 200

Nerd's Eye View

NOVEMBER 18, 2022

A potential compromise during the lame-duck Congressional session could see a boost to the child tax credit and extended tax breaks for businesses. From there, we have several articles on tax planning: How advisors can add value for their clients by managing their exposure to mutual fund capital gains distributions.

Financial Planner 181

Financial Planner Tax Planning CFP Taxes 181

Darrow Wealth Management

JANUARY 29, 2024

This article is a high-level overview of the various estate planning techniques and considerations when using revocable living trusts from the perspective of a wealth advisor (e.g. The US has 50 states – each with their own tax laws and estate planning opportunities. States have their own estate tax laws.

Estate Planning 79

Estate Planning Distribution Taxes Wealth Management 79

Integrity Financial Planning

AUGUST 21, 2023

One of those options might be to set up a defined contribution plan such as a 401(k). [1] 1] A 401(k) will allow you to set aside some of your assets into a tax-advantaged account that can have market exposure and the potential to grow over time. [2] 4] This is a tax-advantaged account, much like a 401(k). [5]

Retirement 95

Retirement Retirement Planning Taxes Accounting 95

Darrow Wealth Management

JANUARY 30, 2023

just upended retirement planning…again. Raising the age when withdrawals must begin is great as it gives investors more planning opportunities. Here are some tax planning strategies to consider when you should start drawing from your IRA. The Secure Act 2.0 But just because you can doesn’t mean you should.

Distribution 81

Distribution Tax Planning Retirement Taxes 81

Harness Wealth

JUNE 23, 2023

Estate planning is a critical component of a comprehensive financial plan. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving. There are many different types of trusts, each designed to address specific estate planning needs.

Estate Planning 52

Estate Planning Financial Planning Planning Taxes 52

Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important? Why is Financial Planning so Important?

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

Carson Wealth

MARCH 26, 2024

By Mike Valenti, CPA, CFP®, Director,Tax Planning LLCs can provide legal protections and a level of anonymity, either or both of which can be beneficial for business owners, investors, and others with valid intentions. From the business : Legal business name and all DBA names Physical address (not a P.O.

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License Tax Planning CFP Taxes 129

Harness Wealth

MARCH 7, 2022

In this article we’ll share answers to questions that come up constantly in these sessions (you’re not alone!). If there’s anything you’d like more clarity on, join us for 1:1 Equity Tax Planning Session. In this article we’ll cover: . What is the Alternative Minimum Tax (AMT)? . You can sign up here. .

Taxes 52

Taxes Tax Planning Planning Accounting 52

Darrow Wealth Management

NOVEMBER 17, 2022

The ‘millionaires’ tax will also ensnare taxpayers who exceed the $1M limit after selling a home, business, stock options, or other types of one-time events. Article is a general communication only and should not be used as the basis for making any type of tax, financial, legal, or investment decision.

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Taxes Wealth Management Tax Planning Planning 95

Sara Grillo

MARCH 22, 2024

Alabama Chad Holmes [link] Flat-fee comprehensive financial planner helping baby boomers and their parents proactively minimize taxes between the two generations. Arkansas Jacob George [link] Flat-fee financial planning for Christian families wanting to make an eternal impact! I also offer AUM for clients who do not want planning.

Financial Planning 52

Financial Planning Fee Only Financial Planner Financial Advisor 52

WiserAdvisor

AUGUST 31, 2023

They can also help you optimize your savings and investment plans, ensuring that you maximize your earning potential while minimizing risks. This article goes over several benefits of hiring a financial advisor after you retire to help you decide if you need a financial advisor after retirement. But their support does not end there.

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Financial Advisor Retirement Risk Tolerance Estate Planning 90

Darrow Wealth Management

MAY 3, 2024

Whether the windfall was expected, perhaps from the sale of a business, or unexpected, you’ll want to make a plan for the future. And ultimately, how to invest a windfall will depend on a number of factors, including your risk tolerance, time horizon, and spending plans.

Wealth Management 52

Wealth Management Wealth Advisor Financial Planning Financial Advisor 52

James Hendries

DECEMBER 11, 2022

Tax Planning – Have necessary steps been taken toward filing required business and individual tax returns, so they get filed on time? The type of business will determine the tax consequence. This article was prepared by LPL Marketing Solutions. Here are five tips that may assist with organizing a strategy.

Planning 52

Planning Taxes Insurance Accounting 52

Harness Wealth

NOVEMBER 27, 2023

Core components of CAS involve bookkeeping, payroll, tax planning & compliance services customized for each client. Tax Planning and Compliance With any of the above components, tax planning and compliance will be a major area of need, particularly for newer businesses.

Accounting 59

Accounting Clients Compliance Taxes 59

WiserAdvisor

JULY 3, 2023

A financial advisor can help you understand the intricacies of financial planning for physicians. Additionally, you can read this article to get an idea about financial mistakes most physicians make, ways to adopt a foolproof personal financial strategy for your specific financial needs, and measures to enhance your financial preparedness.

Financial Planning 52

Financial Planning Planning Financial Advisor Medical 52

Harness Wealth

FEBRUARY 20, 2024

Once licensed, CPAs work in various settings including public accounting firms, corporate finance departments, and other financial companies offering services that span tax preparation and planning, auditing, and financial strategy.

Taxes 52

Taxes License Education Tax Planning 52

Darrow Wealth Management

JANUARY 9, 2023

529 plan to Roth IRA rollovers. To help alleviate parents’ fears about over-funding 529 college savings accounts , the Act enables penalty-free rollovers from 529 college savings plans to Roth IRAs, with limitations: The lifetime rollover limit is $35,000. So it’s clear there may be some new planning opportunities on the horizon.

Accounting 59

Accounting Taxes Tax Planning Distribution 59

Harness Wealth

MARCH 5, 2024

It’s important to note that tax advisors include three types of tax professionals : Certified Public Accountants (CPAs) Enrolled Agents (EAs) Tax Attorneys All three may offer different fee structures depending on the services offered and their firm’s unique expertise. Tax related services provided through Harness Tax LLC.

Taxes 52

Taxes Tax Planning Ethics Education 52

Cordant Wealth Partners

DECEMBER 11, 2022

Today we are going to tell you everything you need to know about the Intel Minimum Pension Plan (MPP). We’ll cover: How the Intel pension plan works. The basic idea of a pension plan is fairly straightforward. Intel’s pension plan is a minimum benefit pension plan. How Pensions Work.

Planning 52

Planning Risk Tolerance Retirement Accounting 52

Darrow Wealth Management

SEPTEMBER 7, 2023

So the choice ultimately has to be an educated guess in consideration with other key factors about your equity, post-IPO plans, and financial situation. Pros and cons of exercising stock options in a pre-IPO window If you are new to the tax implications and basics about exercising stock options, please read this article first.

Wealth Management 94

Wealth Management Taxes Tax Planning Valuation 94

Zajac Group

FEBRUARY 10, 2022

Tax implications , financial planning, what to do post vest, and managing any proceeds from a sale should all be approached with careful consideration to ensure you get the most out of your restricted stock units. Restricted Stock Units are Taxed When they are Vested and Delivered. Create a hypothetical goal.

Financial Planning 52

Financial Planning Planning Taxes Financial Planner 52

Tobias Financial

OCTOBER 13, 2022

Marianela also shared that “the time to do tax planning is before the year has come to a close, because it is going to be your last opportunity.”. Watch how investors can turn stock losses into tax savings here: [link] . Reach the full article on ways to trim your tax bill here: [link] .

Taxes 52

Taxes Tax Planning Budgeting Sales 52

James Hendries

AUGUST 10, 2022

The IRS has released the 2023 contribution limits for health savings accounts (HSAs), as well as the 2023 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). An HSA is a tax-advantaged account that’s paired with an HDHP. High-deductible health plan: self-only coverage.

Accounting 52

Accounting Numbers Taxes Tax Planning 52

Investing Caffeine

MAY 3, 2023

Many Americans spend more time planning a vacation than they do preparing for retirement or planning their finances. If you are close to retirement, and you have too much exposure to equities, a retrenchment in the stock market could delay your retirement plans by years. Risk Tolerance: What is your asset allocation?

Retirement 59

Retirement Retirement Planning Financial Advisor Planning 59

Tobias Financial

MARCH 20, 2024

In a recent MarketWatch article spotlighting tax filing options for married couples, our CEO, Marianela Collado, CPA/PFS, CFP®, CDS®, shared valuable insights on the choices between filing jointly or separately. While the tax code generally favors joint returns, there are instances where spouses may benefit from filing apart.

Taxes 52

Taxes CFP Education Planning 52

WiserAdvisor

NOVEMBER 21, 2022

What’s tricky about financial planning is that not every strategy is designed for every person. As an individual or business owner, you have a unique set of circumstances, goals, and risk tolerance that are each necessary to consider when creating a successful financial plan. What is a Certified Financial Planner?

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Certified Financial Planner Financial Planner CFP Financial Planning 52

Indigo Marketing Agency

MARCH 24, 2023

Expertise in Tax Planning & Compliance: A CPA can help you identify tax-saving opportunities and help keep your clients in compliance with tax laws, reducing the risk of costly penalties and fees. This can allow you both to work together to come up with solutions before tax season.

Financial Advisor 52

Financial Advisor Tax Planning Taxes Clients 52

Tobias Financial

MARCH 20, 2024

In a recent MarketWatch article spotlighting tax filing options for married couples, our CEO, Marianela Collado, CPA/PFS, CFP®, CDS®, shared valuable insights on the choices between filing jointly or separately. While the tax code generally favors joint returns, there are instances where spouses may benefit from filing apart.

Taxes 52

Taxes CFP Education Planning 52

Brown Advisory

AUGUST 1, 2019

The Long Game: Roth Conversions & Legacy Planning ajackson Thu, 08/01/2019 - 14:51 Legacy planning is all about transferring wealth to descendants as efficiently as possible. Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways.

Planning 52

Planning Distribution Taxes Accounting 52

Brown Advisory

AUGUST 1, 2019

The Long Game: Roth Conversions & Legacy Planning. Legacy planning is all about transferring wealth to descendants as efficiently as possible. Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways. Thu, 08/01/2019 - 14:51. Background.

Planning 52

Planning Distribution Taxes Accounting 52

Darrow Wealth Management

NOVEMBER 20, 2023

If you think retirement planning moves stop at retirement, think again. As illustrated by the list below, there are a lot of factors that need to align for a Roth conversion to make sense in your wealth plan. But there are other ways to go about tax planning. Finally, consider your cash flow needs and sources of cash.

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Retirement Distribution Taxes Accounting 81