Random Roger's Retirement Planning

DECEMBER 23, 2022

We spend a lot of time here on unexpected, one-off, unbudgetable expenses that can blow up a retirement plan that doesn't have a lot of margin for error. Getting the inverter replaced dragged on for three months, the insurance adjuster provided almost no communication. There is an element of luck to this too I believe.

Retirement Planning 50

Retirement Planning Retirement Planning Insurance 50

Abnormal Returns

OCTOBER 30, 2023

wsj.com) Family Communication is important for every family, but especially for the wealthy. thinkadvisor.com) Blended families don't plan their money lives in advance. nextavenue.org) Advisers Comprehensive financial planning takes more time and effort. (kitces.com) AI How recommendation engines could work in wealth management.

Wealth Management 231

Wealth Management Financial Advising Retirement Planning Financial Advice 231

Nerd's Eye View

MARCH 22, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC has recently been cracking down on firms for recordkeeping failures related to electronic communications, including their use of text messaging with prospects and clients.

Financial Planner 215

Financial Planner Communication Electronics Retirement 215

Nerd's Eye View

AUGUST 24, 2023

However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.

Retirement 208

Retirement Planning Retirement Planning Financial Advisor 208

Nerd's Eye View

OCTOBER 6, 2023

Also in industry news this week: A new advisor benchmarking study indicates that high-growth firms are excelling in 3 areas: client acquisition, "relationship alpha", and strategic scale A recent survey indicates that while advisors increasingly are leveraging home office investment models to save time and scale more efficiently, they often customize (..)

Financial Planner 235

Financial Planner CFP Certification Communication 235

Nerd's Eye View

JANUARY 26, 2024

Also in industry news this week: A House committee has advanced a bill that would extend several expired business-related tax measures from the Tax Cuts and Jobs Act and would increase the value of the Child Tax Credit The SEC released its examination priorities for 2024, which include a focus on advisers' adherence to their duty of care and duty of (..)

Financial Planner 186

Financial Planner Retirement Planning Financial Advisor Retirement 186

Nerd's Eye View

OCTOBER 21, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass a series of changes affecting retirement planning, dubbed “SECURE ACT 2.0”, ”, by the end of the year. Social Security COLA for 2023.

Financial Planner 153

Financial Planner Retirement Planning Retirement Insurance 153

Nerd's Eye View

MAY 6, 2024

This month's edition kicks off with the news that self-directed retirement planning software provider NewRetirement has raised a $20M Series A round as the company demonstrates that its DIY tools really do turn a subset of consumers into bona fide prospects for financial advisors.

Financial Advisor 151

Financial Advisor Retirement Planning CFP Clients 151

Nerd's Eye View

SEPTEMBER 1, 2023

Also in industry news this week: A legal challenge to FINRA's operations as a self-regulatory organization has the potential to upend the current regulatory system for broker-dealers and their registered representatives A recent study indicates that while many consumers appear confident handling their finances on a 'DIY' basis during their careers, (..)

Financial Planner 188

Financial Planner Strategic Planning Retirement Planning Retirement 188

Million Dollar Round Table (MDRT)

OCTOBER 1, 2023

By Mike Beirne, MDRT Round the Table editor As there are many types of clients in a range of demographics, there also are a variety of ways to communicate with them. Allocating retirement planning I introduce asset allocation with clients by dividing retirement life into two parts: basic life and high-quality life.

Clients 78

Clients Asset Allocation Retirement Planning Transportation 78

Nerd's Eye View

NOVEMBER 1, 2023

Advisors also can support the backdoor Roth process by communicating with clients' tax preparers about the strategy and why they are recommending it for their mutual client.

Taxes 233

Taxes Accounting Clients Retirement Planning 233

Fortune Financial

JANUARY 11, 2024

Maintaining this awareness is a continuous effort; keeping all employees up-to-date with regular communication about any changes or additions to the benefits is essential. Utilize Various Communication Channels Ensure that all channels are clear and free of jargon to make them accessible to all employees.

Retirement Planning 59

Retirement Planning Education Insurance Retirement 59

Fortune Financial

MARCH 5, 2024

A 401k is a company-sponsored retirement plan that allows employees to elect contributions to be withheld from their wages and salaries and deposited into an investment account. It is named after a section of the Internal Revenue Code that provides regulations for these types of retirement plans. What is 401k?

Retirement Planning 52

Retirement Planning Financial Advisor Retirement Taxes 52

WiserAdvisor

DECEMBER 18, 2023

The answer to “how much you need to retire” is shaped by various factors, including the kind of retirement life you dream of, your age, and the expenses you anticipate during your retirement years. Retirement planning is not just about reaching a target savings number.

Retirement 105

Retirement Retirement Planning Risk Tolerance Healthcare 105

Integrity Financial Planning

AUGUST 28, 2022

There could be other reasons to update your retirement account beneficiaries, such as marriage, divorce, or the birth of a new child or grandchild. Communicate, Communicate, Communicate. Communication is crucial when preparing heirs to inherit wealth, and this includes discussing what they plan to do with the money.

Estate Planning 98

Estate Planning Planning Communication Retirement 98

Fortune Financial

DECEMBER 23, 2022

Tax benefits and owner retirement savings options also make establishing a 401(k) plan a smart choice for employers. This guide will help you learn more about the advantages of offering retirement plans to employees, how to get started and options for effectively distributing plan information.

Planning 52

Planning Retirement Planning Retirement Distribution 52

Indigo Marketing Agency

AUGUST 23, 2023

Even I, a millennial, find myself seeking guidance from advisors for: Retirement planning Tax strategies Life insurance Real estate College funds for children Long-term care plans Estate arrangements Given their life stage, millennials require assistance with various financial planning aspects.

Financial Advisor 52

Financial Advisor Clients Retirement Planning Financial Advice 52

Fortune Financial

SEPTEMBER 25, 2023

Long-term goals typically encompass retirement planning, wealth preservation and estate planning. Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Nerd's Eye View

MARCH 20, 2024

But by communicating the guardrails withdrawal strategy (and not necessarily the underlying Monte Carlo probability of success changes) to clients, advisors offer them both the portfolio value that would trigger spending changes and the magnitude that would be prescribed for such changes.

Communication 210

Communication Clients Risk Tolerance Financial Planning 210

WiserAdvisor

JULY 25, 2023

A financial advisor possesses a deep understanding of complex financial concepts and can help you navigate the intricacies of investing, retirement planning, debt management, estate planning, succession planning, tax optimization, and more. Make a note of their communication skills and interest in the conversation.

Financial Advisor 52

Financial Advisor Communication Portfolio Financial Planning 52

WiserAdvisor

SEPTEMBER 20, 2023

In retirement planning, the concept of vesting is more than a contractual formality; it serves as a retention tool that incentivizes employees to remain with their employer for a certain period. It is, thus, important to speak to your plan administrator to understand your plans and benefits in detail.

Accounting 100

Accounting Retirement Retirement Planning Planning 100

Fortune Financial

SEPTEMBER 25, 2023

Long-term goals typically encompass retirement planning, wealth preservation and estate planning. Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning.

Wealth Management 52

Wealth Management Management Risk Tolerance Retirement Planning 52

Clever Girl Finance

AUGUST 15, 2022

So that being said, the key ingredient to conquering finances in marriage is communication. You may have different spending habits, monthly expenses, and even communication skills when you first get married. Ways to communicate about finances in marriage. Retirement. Plan a nice dinner, go for a long walk, etc.

Communication 69

Communication Accounting Budgeting Planning 69

Million Dollar Round Table (MDRT)

APRIL 30, 2023

We need to include a message, or a call to action, for those we’re communicating with, similar to the TV ads that say, “Ask your doctor about …” or “Call for a free estimate …”. You probably get them inviting you to dinner at a nice restaurant to learn about retirement planning. It is cost-efficient.

Financial Advisor 83

Financial Advisor Clients Retirement Planning Communication 83

Ballast Advisors

NOVEMBER 27, 2023

Save more for retirement Deductible contributions to a traditional IRA and pre-tax contributions to an employer-sponsored retirement plan such as a 401(k) can reduce your 2023 taxable income. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations.

Taxes 40

Taxes Retirement Planning Distribution Retirement 40

FMG

SEPTEMBER 16, 2022

Whether retirement planning, technology seminars, or education planning, community events are an efficient way to share your experience with others in your community. Educational events also do a great job of promoting yourself as a center of influence in your community.

Clients 108

Clients Food Education Retirement Planning 108

FMG

OCTOBER 6, 2022

SmartOffice — SmartOffice , the customer relationship managemen t s olution from Ebix, is a financial planning CRM that helps financial advisors tackle critical tasks like analysis, communication, and client services. . CRM systems make it easier to juggle tasks, opportunities, and communications.

Financial Advisor 83

Financial Advisor Clients Communication Financial Planning 83

Discipline Funds

NOVEMBER 17, 2023

I’ve previously stated that the worst narrative in finance is the way we communicate time horizons to investors. And they’re the things that can blow up a retirement plan if you don’t make conservative estimates that properly account for them. Every client who sat in the office would be forced to stare at this massive chart.

Financial Planner 103

Financial Planner Budgeting Taxes Asset Allocation 103

eMoney Advisor

JANUARY 24, 2023

When you can give clients the exact report they want to see, the perfect report that tells them everything is fine, you’ll get far greater client engagement with your planning process and your technology solution. You’ll find that your communication is much easier and clients are happier.

Clients 82

Clients Financial Planning Retirement Financial Planner 82

Darrow Wealth Management

NOVEMBER 20, 2023

If you think retirement planning moves stop at retirement, think again. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. The post Is Retirement a Good Time for Roth Conversions? appeared first on Darrow Wealth Management.

Retirement 81

Retirement Distribution Taxes Accounting 81

International College of Financial Planning

MAY 1, 2023

Understand the Role of a Financial Advisor A financial advisor is an expert who provides guidance and recommendations on diverse financial matters, including tax strategies, investments, insurance, and retirement planning. To excel as a financial advisor, you need to possess a specific set of skills and qualities.

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Financial Planning 52

WiserAdvisor

MARCH 28, 2024

It helps to encourage open communication about financial expectations and work together to develop a plan that promotes independence while ensuring financial stability for both parties. Effective communication is essential in navigating the delicate balance between supporting adult children and prioritizing retirement savings.

Retirement 59

Retirement Financial Advisor Medical Healthcare 59

Darrow Wealth Management

NOVEMBER 17, 2022

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. 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.

Taxes 95

Taxes Wealth Management Tax Planning Planning 95

Carson Wealth

AUGUST 3, 2023

The goal is to treat each child fairly, and communication and transparency are crucial. Plus, a life insurance payout can help equalize your estate if your new spouse is the beneficiary of your qualified retirement plan (which is required under federal law unless they sign a waiver).

Budgeting 52

Budgeting Estate Planning Insurance Retirement 52

Nationwide Financial

MAY 19, 2023

The lack of an effective succession plan is often a key reason why businesses do not continue to thrive as they pass to future generations of the owning family. According to a 2023 PwC survey, only around one-third of family businesses said they had a robust, documented and communicated succession plan in place.

Planning 52

Planning Clients Insurance Retirement 52

Ballast Advisors

NOVEMBER 21, 2022

Generally, you are able to make a contribution to your employer retirement plan at any time up to the end of the year. Set up a retirement plan for yourself, if you are a self-employed taxpayer. Prepared by Broadridge Investor Communication Solutions, Inc. Broadridge Investor Communication Solutions, Inc.

Tax Planning 52

Tax Planning Taxes Planning Retirement Planning 52

International College of Financial Planning

MAY 29, 2023

Certified Financial Planner (CFP) : This course equips students with comprehensive knowledge in financial planning, investment strategies, risk management, and retirement planning. Make sure you dress appropriately for interviews and practice your communication skills. Here are some options: 1.Certified

Certified Financial Planner 40

Certified Financial Planner Financial Planner Wealth Management Certification 40