Distribution, Estate Planning and Retirement

How Advisors Can Work With Attorneys To Drive Better Estate Planning Outcomes For Clients

Nerd's Eye View

APRIL 29, 2024

While much of this process may focus on the client's own lifetime planning needs (e.g., helping them develop a retirement income plan), it often also addresses the client's goals for their wealth after their death. With this in mind, many financial advisors offer estate planning guidance to clients.

Estate Planning

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Estate Planning 101

Integrity Financial Planning

AUGUST 28, 2022

Understand the basics first, and then create an estate plan. Wills and trusts are both important estate planning tools with important differences. A will ensures property is distributed after your passing, according to your wishes, while a trust goes into effect as soon as you create it. A Will vs. a Trust.

Estate Planning

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6 Items to Put on Your Estate Plan Checklist

Integrity Financial Planning

MAY 23, 2023

An estate plan is a legal document that outlines a person’s wishes for the distribution of their assets and property after their death. It is essential to create an estate plan to ensure that your family and loved ones are taken care of in the event of your passing. Contact us today to get started!

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“Legacy IRA” Rollover To A Charitable Gift Annuity: Using This New Tax-Advantaged Opportunity To Help Clients Achieve Charitable And Retirement Goals

Nerd's Eye View

AUGUST 23, 2023

Act, passed in December 2022, created the ability for individuals over age 70 1/2 to make a one-time Qualified Charitable Distribution (QCD) of up to $50,000 of IRA funds into a CGA, with the amount distributed to the CGA being excludable from the donor's taxable income. But the SECURE 2.0 legislation at the end of 2022. Read More.

Taxes

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The HSA ‘Deathbed Drawdown’: Making Tax-Efficient Distributions Of Large Balances (When There Isn’t Much Time)

Nerd's Eye View

FEBRUARY 15, 2023

It’s also important for other parties involved in the owner’s estate plan to be aware of their roles, and to ensure that any funds withdrawn from the HSA are still distributed according to the HSA owner’s wishes.

Distribution

Distribution Taxes Medical Accounting

The 5 Pillars of Retirement Planning You Should Be Aware of

WiserAdvisor

MARCH 13, 2024

Achieving financial freedom in retirement requires meticulous planning, dedicated effort, and strategic management. Without a solid plan, you risk drifting without direction. Within this framework, the concept of the five pillars of retirement planning emerges as a valuable strategy.

Retirement Planning

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6 Things You Should Know to Create a Robust Estate Plan

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

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When Should You Have an Estate Plan?

Carson Wealth

NOVEMBER 28, 2022

Estate planning touches two critical aspects of our lives: It can direct the distribution of property while providing a structure of guardianship and care for ourselves as well as those we love and care for. But many people feel like estate planning happens when you’re older, and that’s a misconception.

Estate Planning

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Who Needs Estate Planning?

Carson Wealth

NOVEMBER 5, 2022

Estate Planning isn’t fun to think about. But estate planning is so much more than terminal actions – it helps set a stage for a rich life while protecting against unnecessary taxes and family feuds. . Who needs estate planning? Anyone with dependents, retirement accounts, life insurance or real property.

Estate Planning

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What to Do When a Parent Dies and You’re the Executor

Darrow Wealth Management

MAY 6, 2024

If your parent had a trust, the individual(s) named in the trust documents as successor trustee will control the distribution of the trust assets. Checklist for executors of their parent’s estate Get organized Where are the original estate planning documents located? Who is the attorney who drafted the estate plan?

Estate Planning

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Do You Still Need A Financial Advisor After You Retire?

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

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How to Create an Estate Plan

Carson Wealth

FEBRUARY 8, 2023

On a basic level, if you have an estate plan, you control who will receive your property upon your death. An estate plan can also protect you in the event of an unforeseen life-altering medical emergency. Most Americans need an estate plan of some kind, and most Americans don’t have one.

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Understanding the Four Phases of Your Retirement Budget Strategy

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

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Using A Testamentary Charitable Remainder Unitrust (T-CRUT) To Give Twice To Both Loved Ones And Charitable Organizations

Nerd's Eye View

JANUARY 31, 2024

In late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, introducing several significant changes to retirement planning. This allows the account to grow on a tax-deferred basis, with income to beneficiaries being taxed when distributions are made.

Financial Advisor

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Estate Planning in this Economic Climate

Park Place Financial

NOVEMBER 29, 2022

Estates Estate Planning in this Economic Climate Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. If you are in the middle of estate planning , consider the following strategies to develop a sound plan amidst widespread economic challenges. . Create a Trust . Charitable Remainder Unitrust .

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Estate Planning Strategy: Leveraging CFP® Certification Expertise

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.

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Creating and Maintaining Generational Wealth in Retirement

Integrity Financial Planning

JUNE 27, 2023

However, it is a common goal for retirees to create and maintain generational wealth in retirement. Prior to your retirement years, diversifying your investment portfolio can be a good way to grow your wealth. This can include investing in stocks, bonds, real estate, and other assets. [3]

Retirement

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Family Estate Planning: The 6 Essentials

Park Place Financial

SEPTEMBER 8, 2022

ESTATES Family Estate Planning: The 6 Essentials Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. According to one survey, 67% of Americans have no estate plan, which may reflect an aversion to thinking about dying or getting gravely ill. Navigate Family Estate Planning with Park Place Financial .

Estate Planning

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The 5 Most Common Estate Planning Myths

Park Place Financial

SEPTEMBER 8, 2022

ESTATES The 5 Most Common Estate Planning Myths Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Estate planning is a crucial component of financial preparation for many individuals, as it enables their wealth to have a lasting and meaningful impact on their loved ones.

Estate Planning

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Net Unrealized Appreciation (NUA):Maximizing Retirement Savings

Fortune Financial

FEBRUARY 4, 2024

With our deep expertise and qualifications in NUA strategies, our experts are adept at navigating the complexities of tax-efficient retirement planning. Explore the Fortune Financial advantage in transforming how you manage your retirement assets and bringing you closer to achieving your financial dreams.

Retirement

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What Happens to Inherited Retirement Accounts?

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? 2] You can recieve the inherited IRA in your name and take distributions over the next 10 years.

Accounting

Accounting Retirement Distribution Retirement Planning

Understanding the Four Phases of Your Retirement Budget Strategy

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

Retirement Budgeting Medical Distribution

Estate Planning Strategies For High-Net-Worth Individuals

WiserAdvisor

JUNE 6, 2023

However, given the high value of wealth, it becomes all the more critical for high-net-worth individuals to plan their finances optimally. Estate planning is one of the key components of financial planning these individuals need to focus on. and estate planning can help you discover these.

Estate Planning

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IRS Wants to Change the Inherited IRA Distribution Rules

Darrow Wealth Management

AUGUST 8, 2022

The passing of the 2019 Secure Act changed the rules about when non-spouse beneficiaries must begin taking money from inherited retirement accounts. ” This meant annual required minimum distributions (RMDs) were out. Another key aspect that the 2019 Secure Act changed was the required minimum distribution age.

Distribution

Distribution Taxes Retirement Accounting

2 Key Benefits of Living Trusts

Darrow Wealth Management

JANUARY 29, 2024

Common types of assets that will pass via beneficiary designation include retirement accounts, life insurance, and some pensions and annuities. 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.

Estate Planning

Estate Planning Distribution Taxes Wealth Management

Sound Strategies for Crafting Your Retirement Investment Portfolio

Fortune Financial

SEPTEMBER 29, 2022

In our planning with clients, we like to employ a “pay yourself first” approach, especially as it relates to retirement planning. This cycle can repeat itself over multiple years, resulting in minimal or no retirement savings. Planning for retirement is a multi-step process with continuous updates and monitoring.

Retirement

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10 Expenses to Include in Your Retirement Budget

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

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Secure Your Financial Legacy

Yardley Wealth Management

JUNE 6, 2023

Secure Your Financial Legacy When planning for your legacy, it’s important to consider various financial aspects. Here are some additional details and keywords to help guide you: Estate planning involves creating a plan for the management and distribution of assets after death.

Certified Financial Planner

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5 Tips to Build an Investment Portfolio for Retirement

WiserAdvisor

JANUARY 3, 2024

Starting your journey of saving for retirement is a pivotal financial goal. But the one thing that remains constant in this advice is that investing is essential to secure a comfortable retirement. Yet, the path to building a robust investment portfolio for retirement can be an intimidating task.

Retirement

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Planning Details for NUA: A Tax-Saving Strategy

Fortune Financial

JULY 28, 2022

Anyone who owns company stock will eventually have to decide how to distribute their assets — typically when there is a job change or retirement involved. To recap, NUA is the difference in value between the price initially paid for a stock (the cost basis) and its current market value at the time it is distributed.

Taxes

Taxes Planning Retirement Planning Distribution

Preparing for the Sunset of the TCJA Tax Relief

Advisor Perspectives

OCTOBER 1, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan. My guests today are two members of the MassMutual team.

Taxes

Taxes Estate Planning Distribution Sales

Preparing for the Sunset of the TCJA Tax Relief

Advisor Perspectives

SEPTEMBER 27, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan. My guests today are two members of the MassMutual team.

Taxes

Taxes Estate Planning Distribution Sales

What to do After the Death of a Spouse

Darrow Wealth Management

APRIL 25, 2023

In addition to making funeral arrangements and notifying family and friends, another priority is alerting your estate planning attorney and financial advisor. Asset Titling, Beneficiary Elections, and Probate The estate planning attorney is going to be critical here. But not everything needs to get done today.

Estate Planning

Estate Planning Taxes Accounting Retirement

What happens if a client passes away without a legacy plan?

Nationwide Financial

JANUARY 31, 2023

Let’s face it, estate planning is a topic that many clients aren’t exactly eager to address. Some don’t fully understand what estate planning is or understand why estate planning is important. When we talk about estate planning, we’re referring to the basic elements of a will and possibly trusts.

Clients

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What Is A Living Trust And How Does It Work?

Clever Girl Finance

JANUARY 9, 2024

With the right help, you, too, can open a trust and protect your assets, and this guide will give you a crash course on living trusts as an estate planning tool. ” a trust is a legal document that holds your assets, such as real estate, cars, and investments. Table of contents The basics Types How does a living trust work?

Estate Planning

Estate Planning Distribution Assets Accounting

Key Differences Between a Roth IRA and Pre-Tax Retirement Account

WiserAdvisor

APRIL 12, 2023

When planning for retirement, one of the most important decisions you will likely make is which type of retirement account to use. The Roth Individual Retirement Account (IRA) and the pre-tax retirement account are two common options. What is a pre-tax retirement account? What is a Roth IRA?

Accounting

Accounting Retirement Taxes Financial Advisor

Igniting legacy planning action

Nationwide Financial

AUGUST 16, 2022

Financial professionals understand the value of estate planning, but starting that conversation and inspiring clients to take action can be challenging. A 2021 Gallup poll showed that 64% of American adults working with a financial advisor have never discussed their estate plans with that advisor. Life insurance.

Planning

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Legacy Planning

Yardley Wealth Management

MAY 23, 2023

The post Legacy Planning appeared first on Yardley Wealth Management, LLC. Legacy Planning for People in Their 50’s and 60’s: A Step-by-Step Guide As you near retirement age, it’s natural to consider your legacy. Planning for your legacy is crucial to ensuring your values and goals have a lasting impact.

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Should Pre-Retirees Take a New Look at #Retirement Income?

Yardley Wealth Management

MAY 29, 2020

The post Should Pre-Retirees Take a New Look at #Retirement Income? Should Pre-Retirees Take a New Look at #Retirement Income? I recently was interviewed for an article in a national publication on retirement income, given the current market and job losses. appeared first on Yardley Wealth Management, LLC.

Retirement

Retirement Wealth Management Estate Planning Risk Tolerance

What Is a Family Trust and Should You Set One Up?

Good Financial Cents

MARCH 30, 2023

Types of Family Trusts To make estate planning a bit more confusing , there are different types of revocable trusts. Limitation of exposure to estate taxes , as part of a proper estate planning process. Additionally, there may be estate tax implications when assets are transferred into or out of the trust.

Estate Planning

Estate Planning Taxes Assets Distribution

Taking Control of Your Finances: Why Financial Planning Matters

International College of Financial Planning

MARCH 11, 2023

This blog post explains why financial planning is important and how it can benefit you in the future Understanding the Importance of Financial Planning: Financial planning involves setting financial goals, creating a budget, saving and investing managing debt, and planning for retirement and estate.

Financial Planning

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How to Choose the Right Wealth Management Firm in Kansas City

Fortune Financial

SEPTEMBER 25, 2023

Whether planning for retirement, saving for your children’s education or simply looking to grow your investments, finding the right wealth management services in Kansas City can make all the difference. Long-term goals typically encompass retirement planning, wealth preservation and estate planning.

Wealth Management

Wealth Management Management Risk Tolerance Retirement Planning

4 Areas Your Financial Planner Should Cover as a High-Net-Worth Individual

Park Place Financial

MARCH 16, 2022

The following areas are among the most vital to discuss with high-net-worth clients: Estate Planning. To ensure your wealth benefits loved ones, you should prepare your estate and determine how to distribute your assets. Estate planning for high-net-worth individuals is also significant because recent developments in U.S.

Financial Planner

Financial Planner Estate Planning Certified Financial Planner Retirement Planning

How to Choose the Right Wealth Management Firm in Kansas City

Fortune Financial

SEPTEMBER 25, 2023

Whether planning for retirement, saving for your children’s education or simply looking to grow your investments, finding the right wealth management services in Kansas City can make all the difference. Long-term goals typically encompass retirement planning, wealth preservation and estate planning.

Wealth Management

Wealth Management Management Risk Tolerance Retirement Planning

How Advisors Can Work With Attorneys To Drive Better Estate Planning Outcomes For Clients

Estate Planning 101

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6 Items to Put on Your Estate Plan Checklist

Webinars

“Legacy IRA” Rollover To A Charitable Gift Annuity: Using This New Tax-Advantaged Opportunity To Help Clients Achieve Charitable And Retirement Goals

The HSA ‘Deathbed Drawdown’: Making Tax-Efficient Distributions Of Large Balances (When There Isn’t Much Time)

The 5 Pillars of Retirement Planning You Should Be Aware of

6 Things You Should Know to Create a Robust Estate Plan

When Should You Have an Estate Plan?

Who Needs Estate Planning?

What to Do When a Parent Dies and You’re the Executor

Do You Still Need A Financial Advisor After You Retire?

How to Create an Estate Plan

Understanding the Four Phases of Your Retirement Budget Strategy

Using A Testamentary Charitable Remainder Unitrust (T-CRUT) To Give Twice To Both Loved Ones And Charitable Organizations

Estate Planning in this Economic Climate

Estate Planning Strategy: Leveraging CFP® Certification Expertise

Creating and Maintaining Generational Wealth in Retirement

Family Estate Planning: The 6 Essentials

The 5 Most Common Estate Planning Myths

Net Unrealized Appreciation (NUA):Maximizing Retirement Savings

What Happens to Inherited Retirement Accounts?

Understanding the Four Phases of Your Retirement Budget Strategy

Estate Planning Strategies For High-Net-Worth Individuals

IRS Wants to Change the Inherited IRA Distribution Rules

2 Key Benefits of Living Trusts

Sound Strategies for Crafting Your Retirement Investment Portfolio

10 Expenses to Include in Your Retirement Budget

Secure Your Financial Legacy

5 Tips to Build an Investment Portfolio for Retirement

Planning Details for NUA: A Tax-Saving Strategy

Preparing for the Sunset of the TCJA Tax Relief

Preparing for the Sunset of the TCJA Tax Relief

What to do After the Death of a Spouse

What happens if a client passes away without a legacy plan?

What Is A Living Trust And How Does It Work?

Key Differences Between a Roth IRA and Pre-Tax Retirement Account

Igniting legacy planning action

Legacy Planning

Should Pre-Retirees Take a New Look at #Retirement Income?

What Is a Family Trust and Should You Set One Up?

Taking Control of Your Finances: Why Financial Planning Matters

How to Choose the Right Wealth Management Firm in Kansas City

4 Areas Your Financial Planner Should Cover as a High-Net-Worth Individual

How to Choose the Right Wealth Management Firm in Kansas City

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