Cordant Wealth Partners

NOVEMBER 18, 2024

If you've heard of a DAF and are curious about incorporating it into your giving and tax planning strategy, this article is for you. Key Takeaways: Contributions to a donor-advised fund reduce your tax bill in the year your contribution is made. What is a Donor Advised Fund?

Taxes 52

Taxes Tax Planning Nonprofit Accounting 52

Darrow Wealth Management

APRIL 21, 2025

This approach typically provides greater benefits to those who have significant assets and high taxable income in retirement. Tax-free withdrawals Five years after the year in which you make a Roth conversion or first open the account youre able to withdraw funds for qualifying events without a penalty.

Retirement 54

Retirement Retirement Planning Taxes Accounting 54

Harness Wealth

JANUARY 29, 2025

The IRS implements whats known as the wash-sale rule, which prohibits you from buying a substantially identical security within 30 days before or after the sale of a loss-producing asset. Defer income where possible Strategically timing your income can have a major effect on your tax liability. Available to taxpayers aged 70.5

Taxes 52

Taxes Medical Distribution Tax Planning 52

Harness Wealth

APRIL 28, 2025

This article explores the distinctions between K-1 and 1099 reporting, explaining their impact on tax planning, basis calculations, filing deadlines, and strategies to optimize your after-tax returns from alternative investments.

Tax Planning 52

Tax Planning Distribution Taxes Compliance 52

Yardley Wealth Management

FEBRUARY 4, 2025

In this comprehensive guide, we’ll explore proven strategies to help you minimize tax liability while staying compliant with current regulations. From maximizing deductions to managing capital gains, we’ll cover everything you need to know about smart tax planning.

Taxes 52

Taxes Wealth Management Healthcare Retirement 52

Tobias Financial

JUNE 2, 2025

Estate planning is one of the most important steps in securing your financial legacy, but its also among the most complex. Understanding how assets will be distributed, navigating tax implications, and aligning these decisions with your personal goals can feel overwhelming.

Estate Planning 52

Estate Planning Planning Financial Advisor Tax Planning 52

Harness Wealth

JULY 14, 2025

What are tax-efficient alternative investment structures? Tax strategies for high-income filers How Harness can help FAQs What are alternative investments? Alternative investments encompass a broad range of assets beyond traditional stocks, bonds, and cash.

Taxes 52

Taxes Investing Investments Assets 52

Harness Wealth

MARCH 27, 2025

Other reasons involve changes in investment strategy, portfolio rebalancing, or a simple desire to exit a specific asset class. Instead, partners (investors) are taxed directly on their share of the fund’s income, gains, losses, and deductions, regardless of whether those amounts are actually distributed.

Taxes 52

Taxes Tax Planning Assets Compliance 52

Zoe Financial

JUNE 20, 2025

For high-net-worth individuals, continuously refining your strategy over time is what keeps your plan efficient and aligned with evolving goals. She wants to minimize taxes while aligning her legacy with charitable values. Individual results will vary based on specific financial circumstances.

Retirement Planning 40

Retirement Planning Retirement Planning Estate Planning 40

Carson Wealth

MARCH 21, 2025

But you might consider increasing your impact by setting up a structured , long-term philanthropic plan such as an endowment. An endowment is a portfolio of assets that is invested to provide support for a cause. Donations to endowment funds are tax-deductible, giving them a place in your overall financial management and tax plan.

Distribution 52

Distribution Nonprofit Government Taxes 52

Harness Wealth

APRIL 16, 2025

The Tax Cuts and Jobs Act of 2017 eliminated recharacterization, transforming Roth conversions into permanent decisions requiring thorough analysis before execution. Roth IRAs offer unique advantages including tax-free growth, no required minimum distributions during the owner’s lifetime, and potential tax benefits for heirs.

Taxes 52

Taxes Retirement Retirement Planning Distribution 52

Harness Wealth

MAY 8, 2025

Whether you are contemplating forming an LP or already operate one, gaining clarity on tax matters can optimize your financial outcomes and ensure compliance with state and federal regulations. LPs are governed by a partnership agreement that outlines the roles, responsibilities, profit distribution, and other operational details.

Taxes 52

Taxes Tax Planning Compliance Planning 52

Darrow Wealth Management

NOVEMBER 11, 2024

Here are five reasons we suggest skipping nondeductible IRA contributions: How non-deductible contributions are taxed Never-ending recordkeeping requirements Capital gains tax rates vs ordinary income State tax rules, inherited IRA issues, and RMDs Other accounts may be better retirement planning vehicles 1. Yes and no.

Taxes 98

Taxes Distribution Retirement Retirement Planning 98

Yardley Wealth Management

AUGUST 27, 2024

What Are Qualified Charitable Distributions (QCDs)? For those over 70½, you might already be familiar with Qualified Charitable Distributions (QCDs). For years, QCDs have allowed people to donate directly from their IRAs without paying taxes on those distributions.

Taxes 40

Taxes Wealth Management Distribution CFP 40

Harness Wealth

JULY 14, 2025

Property taxes: These local taxes are based on assessed property value and are generally deductible, though federal limitations may apply to total state and local tax (SALT) deductions. Capital gains tax: Profits from selling property are subject to capital gains tax.

Taxes 52

Taxes Investing Investments Sales 52

Darrow Wealth Management

MAY 7, 2025

What is a capital gains tax? When you sell an asset like a stock or a home, your gain could be taxable. The tax rate will depend on several factors, such as your holding period, type of asset, and your taxable income for the year. What is a capital gains tax? Single and married filing jointly are the most common.

Taxes 72

Taxes Accounting Assets Retirement 72

Darrow Wealth Management

JANUARY 16, 2025

A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. Heres how stepped up cost basis works on stock and other assets at death. Understanding step-up in basis at death If youve received an inheritance you may have questions about the tax treatment of certain assets.

Assets 98

Assets Estate Planning Taxes Wealth Management 98

Harness Wealth

MAY 2, 2025

Unless Congress intervenes, the TCJAs sunset will usher in a swathe of tax increases in 2026, with analysts estimating that over $4 trillion worth of tax hikes could take effect. Additionally, there were temporary changes for individual income taxes, such as lower tax rates and a near doubling of the standard deduction.

Taxes 52

Taxes Clients Insurance Distribution 52

Harness Wealth

FEBRUARY 4, 2025

In this article, well explore all the details of alternative investments, the reasons behind their growth as an investment choice, and how their tax treatment differs from traditional assets. Well also go into some potential strategies to optimize tax efficiency. What Are the Tax Strategies for Alternative Investments?

Taxes 52

Taxes Investing Investments Startup 52

Financial Symmetry

JUNE 4, 2025

Know the Distribution Rules Distribution requirements depend on the type of IRA and your relationship to the deceased. Multiple beneficiaries: To avoid defaulting to the oldest beneficiarys distribution schedule, set up separate accounts by Sept. Whether inheriting a Traditional or Roth IRA, understanding the rules is crucial.

Distribution 62

Distribution Taxes Accounting Planning 62

Cornerstone Financial Advisory

MARCH 14, 2025

The Bible doesnt lay out a detailed blueprint for modern estate planning, and thats okay. These guidelines include: Stewardship: Recognize that all assets belong to God and plan accordingly. Charitable Giving Plan: Develop a strategy for supporting Christian ministries and charities.

Estate Planning 52

Estate Planning Planning Ethics Healthcare 52

Harness Wealth

JANUARY 28, 2025

Enjoy tax-free growth and withdrawals. No required minimum distributions (RMDs). Drawbacks: Conversions may trigger taxes. Potential to move into a higher tax bracket. You must hold a Roth IRA for at least 5 years to benefit from its tax-free withdrawals. GET STARTED What are the capital gains tax changes in 2025?

Taxes 52

Taxes Planning Retirement Accounting 52

Zajac Group

APRIL 23, 2025

For executives and entrepreneurs holding highly appreciated assets, the need for diversification becomes increasingly important. Selling stock outright, however, can incur a sizable tax billmaking it difficult to balance concentration risk with long-term portfolio preservation.

Distribution 52

Distribution Taxes Assets Tax Planning 52

Discipline Funds

DECEMBER 29, 2024

Asset and Liability Matching. Good financial planning is all about asset and liability matching across time. That means you need to make sure you understand how your income and assets relate to your expenses and liabilities. A financial plan with an asset liability mismatch is likely to fail over time.

Financial Planning 64

Financial Planning Planning Asset Allocation Retirement Planning 64

Darrow Wealth Management

MAY 6, 2025

Losing a spouse is a difficult time, and navigating the complexities of inherited assets can feel overwhelming. The Single Life Table typically results in higher mandatory distributions. Note that if the deceased account holder had not yet taken their RMD for the year of death, that distribution must still be taken.

Distribution 54

Distribution Accounting Tax Planning Taxes 54

Nationwide Financial

AUGUST 23, 2024

Key Takeaways: Net Unrealized Appreciation (NUA) is the difference between the cost basis of employer securities in a retirement plan and their market value at the time of distribution. NUA is not taxed as ordinary income at the time of distribution, which can offer significant tax advantages.

Retirement 52

Retirement Retirement Planning Distribution Taxes 52

WiserAdvisor

JUNE 27, 2025

The bucket strategy solves this by dividing your assets based on time horizon: Bucket 1 (0 to 3 years): This is your short-term spending fund. Bucket 3 (10+ years): This is where you keep equities or real estate, assets built for growth. Roth conversion ladder Here’s a tax strategy that many overlook until it’s too late.

Retirement 59

Retirement Planning Retirement Planning Taxes 59

Carson Wealth

JUNE 26, 2025

Retirement-related behavioral and financial changes raise many tax planning questions and opportunities. A trusted tax professional can help you implement these and other strategies to help you minimize taxes in retirement, helping your money last longer and you realize your goals.

Tax Planning 98

Tax Planning Retirement Taxes Planning 98

Wealth Management

JUNE 11, 2025

The second amendment to the revocable trust agreement directed the following distributions: • 2 million dollars to the trustee of the MCC Trust, to be held for Maria’s benefit. The MCC Trust agreement included terms about the distribution of trust assets: 3.2. Administration of Trust Estate for Beneficiary.

Taxes 165

Taxes Wealth Management Estate Planning Distribution 165

Wealth Management

JULY 17, 2025

Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B Lothes July 17, 2025 6 Min Read • Distributions of stock in a grantor retained annuity trust (GRAT) don’t trigger insider trading rules— In Nosirrah Management, LLC v. The court determined that one distribution qualified, while the other didn’t. Handler, Alison E.

Taxes 147

Taxes Estate Planning Wealth Management Distribution 147

Financial Symmetry

FEBRUARY 27, 2025

Key among them are the options to roll over the account into their own IRA, keep it as an inherited IRA, or consider varying stances based on the decedents Required Minimum Distributions (RMDs). Unlike non-eligible beneficiaries who are limited to a strict ten-year distribution period, EDBs can choose from various withdrawal schedules.

Distribution 67

Distribution Tax Planning Taxes Accounting 67

WiserAdvisor

JULY 1, 2025

Estate planning is not just for the wealthy; it is essential for anyone who wants to ensure their assets are managed and distributed according to their wishes. A lack of estate planning can lead to significant complications. An effective estate plan does more than simply divide assets.

Estate Planning 59

Estate Planning Planning Distribution Taxes 59

Nerd's Eye View

SEPTEMBER 25, 2024

As a result, there's a common line of thinking that people saving for retirement should avoid pre-tax retirement accounts entirely and contribute (or convert existing pre-tax assets) to Roth instead – regardless of which tax bracket they're in today.

Taxes 246

Taxes Retirement Tax Planning Accounting 246

Tobias Financial

DECEMBER 20, 2023

As we begin our countdown to 2024, it is a great time to ensure your year-end tax plan is in place. Tax planning is a vital component of meeting your overall financial goals. Our team of professionals is here to assist with your financial and tax planning needs. You can access the webinar recording here.

Tax Planning 52

Tax Planning Taxes Planning Distribution 52

Darrow Wealth Management

SEPTEMBER 26, 2024

Further, unlike retirement accounts, assets in a brokerage account can be used for any purpose at any time without early withdrawal penalties. Retiring early is also even more difficult without taxable assets as you’ll need to bridge the gap before penalty-free distributions from 401(k)s or IRAs begin, perhaps to cover medical expenses.

Accounting 98

Accounting Retirement Taxes Distribution 98

Harness Wealth

FEBRUARY 26, 2023

Cost-saving tax planning can be much more difficult to implement after your company is well-established and has reached the stage where an IPO, merger, or acquisition becomes a likely event. The first three options are pass-through entities, so profits and losses are distributed to the owners who are taxed on them.

Tax Planning 52

Tax Planning Startup Taxes Planning 52

Harness Wealth

MARCH 29, 2023

For example, if you convert $50,000 and it grows to $100,000 in a Roth IRA over the next several years, that essentially results in $50,000 tax-free dollars. Keeping your funds in a traditional IRA only defers taxation on the full amount until the funds are distributed at some point in the future.

Tax Planning 52

Tax Planning Taxes Planning Marketing 52