Harness Wealth

APRIL 16, 2025

Roth IRAs offer unique advantages including tax-free growth, no required minimum distributions during the owner’s lifetime, and potential tax benefits for heirs. This structure particularly benefits those expecting lower tax rates in retirement than during their working years. One of the Roth IRA’s most compelling features?

Taxes

Yardley Wealth Management

FEBRUARY 4, 2025

Key deductions include: Mortgage interest payments on primary and secondary residences Property tax deductions (subject to SALT limitations) Home office deductions for qualifying spaces Maximizing Retirement Account Benefits Take full advantage of tax-advantaged retirement accounts to reduce your current tax burden: Contribute the maximum allowed to (..)

Taxes

MainStreet Financial Planning

NOVEMBER 25, 2024

Qualified charitable distributions are made directly to the eligible charity from a traditional IRA, inherited IRA, inactive Simplified Employee Pension (SEP) plan and inactive Savings Incentive Match Plan for Employees (SIMPLE) IRAs. 2025 amounts should become available later this year.

Taxes

Financial Symmetry

APRIL 9, 2025

They arent just personal milestones but important life events and moments that should prompt you to update your financial plans. Consider other donation options, like contributing appreciated securities or making qualified charitable distributions from IRAs if you’re eligible.

Taxes

WiserAdvisor

JULY 7, 2025

With a Traditional IRA, you are expected to start taking Required Minimum Distributions (RMDs) once you turn 73, as of 2025. Whether your withdrawal is qualified or not decides whether you owe taxes or penalties on a premature Roth IRA distribution. The rules around withdrawals and tax treatment are very different for each.

Planning

Darrow Wealth Management

MAY 7, 2025

Darrow Wealth Management offers asset management and financial planning services; we do not provide tax advice or tax preparation services. Unrealized gains are not taxed, and you won’t owe taxes when selling assets held in tax advantaged retirement plans or IRAs, though there are tax implications when money is withdrawn.

Taxes

WiserAdvisor

JULY 21, 2025

But just like 401(k)s, Traditional IRAs come with Required Minimum Distributions (RMDs) once you hit age 73. You can use tools like the Wiser Advisor’s free advisor match tool to connect with 2 to 3 seasoned financial advisors who can help make sense of the options ahead of you.

Retirement

Carson Wealth

APRIL 24, 2025

An IRA is one of the most powerful retirement savings tools available, and the most common options are a traditional IRA and a Roth IRA. That depends on your overall financial plan and a variety of other factors. If she were to take a $7,000 distribution, she would pay $840 in taxes.

Retirement

Yardley Wealth Management

AUGUST 13, 2025

It was a major piece of retirement legislation that contained important changes to IRAs and other qualified accounts. From 2020 to 2024, the IRS waived penalties for beneficiaries who didn’t take annual required minimum distributions (RMDs), creating minor confusion about whether RMDs were needed during the 10-year window.

Distribution

Yardley Wealth Management

JUNE 25, 2025

Spending— Being flexible and intentional with your spending can help limit withdrawals and preserve your portfolio, especially in the early years of retirement. 3 RMDs apply to accounts such as traditional IRAs, SEP IRAs, SIMPLE IRAs, and retirement plans like 401(k)s. There are a few exceptions.

Retirement

Discipline Funds

DECEMBER 29, 2024

Good financial planning is all about asset and liability matching across time. A financial plan with an asset liability mismatch is likely to fail over time. Nothing will nuke your financial plan like high credit card debts and other high rate liabilities. Are you on track to retire when you want to?

Financial Planning

WiserAdvisor

JUNE 27, 2025

To show you what’s possible and what’s necessary, if early retirement is something you want to pursue seriously. Even if you don’t plan to retire unusually early, starting your retirement planning now can dramatically improve your options later. What’s the earliest you can retire? That takes planning.

Retirement

Financial Symmetry

APRIL 28, 2025

One of those items on the estate planning to-do list is making sure your investment accounts and life insurance policies have their beneficiary designations filled out. However, it’s one of the most important aspects of estate planning. If married, your spouse will usually inherit by default, then your children afterwards.

Estate Planning

Yardley Wealth Management

DECEMBER 10, 2024

The post Strategic Retirement Planning Guide for Single Women: Expert Financial Advice appeared first on Yardley Wealth Management, LLC. Without a partner to rely on for financial support, single women must take proactive steps to ensure a secure and comfortable retirement.

Retirement Planning

Wealth Management

AUGUST 7, 2025

trillion held in those retirement accounts. trillion held in those retirement accounts. The SEC will be asked to facilitate access to alternative assets for participant-directed retirement plans. But with that comes greater risk and higher fees that may leave retirement plan administrators vulnerable to lawsuits.

Assets

Carson Wealth

MAY 8, 2025

It takes consistent saving, smart decision-making, and a retirement strategy tailored to your goals. The earlier you start planning, the more confident you can feel about your future. These 10 practical retirement planning tips can help you build the financial foundation you need for the next chapter of your life.

Retirement

Carson Wealth

JUNE 26, 2025

Examples of this occurring include: Beginning to take required minimum distributions. Needing to take a large, unplanned distribution from a retirement account to pay for an unexpected expense. The important thing is to plan for these strategies before the end of the year in which you want to implement them.

Tax Planning

Random Roger's Retirement Planning

JULY 19, 2025

We had some department stuff to work through and then we sort of pivoted to financial planning. A few weeks ago I mentioned one firefighter who is my age and retired, he has gone out on our engine a couple of times for out of area assignments. He wants the income so he can contribute to a Roth IRA.

Medical

Getting Your Financial Ducks In A Row

APRIL 3, 2023

We’ve covered a lot of ground with regard to how various tax laws impact your retirement plans: pensions, IRAs, 403(b) and 401(k) plans. But we’ve primarily focused on the US income tax laws (the IRS) affect your plans – and there are many nuances that you need to take into account with regard to state tax laws.

Retirement Planning

Nerd's Eye View

DECEMBER 23, 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 “SECURE Act 2.0”, ”, a series of measures that will have significant impacts on the world of retirement planning.

Financial Planner

Nerd's Eye View

JANUARY 4, 2023

Financial advisors have a wide range of strategies at their disposal to create financial plans for their clients. This strategy is valuable because it generally allows for higher initial withdrawal rates than more static approaches that don’t accommodate clients willing to adjust their spending in retirement.

Retirement

eMoney Advisor

FEBRUARY 9, 2023

Of an estimated 104 million households seeking some level of financial advice, 88 million of those households want that advice from a financial professional. In this overview, we will explore the demographics of each stage, the financial planning needs of people in each stage, and strategies for serving them.

Financial Planning

Integrity Financial Planning

OCTOBER 17, 2022

Know these 3 ages that can help you get the most out of your retirement accounts. At age 50, workers with certain qualified retirement plans can make annual “catch-up” contributions in addition to their normal contributions. Some 401(k) plans allow this, and others do not. Required Minimum Distributions at age 72.

Retirement

MainStreet Financial Planning

DECEMBER 8, 2022

We would like to take this opportunity to remind you about your annual Required Minimum Distribution (RMD). As you may know, the Internal Revenue Service (IRS) requires that you take an annual distribution from your retirement accounts starting with the year in which you turn 72 years old and every year thereafter.

Distribution

Your Richest Life

APRIL 15, 2024

Do you have a plan in place for your retirement? For many people, the extent of their retirement planning includes signing up for the plan at work – which is often more of a starting point than a comprehensive retirement plan. You can use multiple accounts to help boost your savings.

Retirement Planning

WiserAdvisor

MAY 22, 2025

With medical inflation outpacing general inflation, ignoring healthcare in your retirement plan is a risk no one can afford. Factoring in retirement healthcare costs is a smart move. And if you are unsure where to begin, talking to a financial advisor can help you build a more personalized and realistic retirement plan.

Healthcare

Park Place Financial

JANUARY 9, 2023

FINANCIAL PLANNING Tax and Financial Planning Ideas For 2023 Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. If you have been contemplating making more defined financial decisions, the New Year can be the ideal time to turn that aspiration into a resolution. RELATED BLOG POSTS.

Financial Planning

MainStreet Financial Planning

MARCH 7, 2023

Form 1099-DIV is sent to investors who receive dividends and distributions. Form 1099-R reports distributions from pensions, annuities, retirement plans etc. If so, review strategies to reduce AMT, such as minimizing capital gains or lowering income by maxing out retirement plan contributions.

Taxes

Covisum

JUNE 12, 2023

Retirement involves navigating different income streams, unique financial goals, and optimizing distribution options to maximize retirement income. At Covisum, we understand the intricacies of retirement planning and offer an integrated suite of products designed to address this unique phase in your clients' lives.

Retirement

Park Place Financial

NOVEMBER 29, 2022

Retirement Planning 5 Ways to Catch Up on Retirement Planning Later in Life Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Retirement is a significant investment, which is why so many financial experts recommend establishing goals and starting when still a younger adult.

Retirement Planning

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

WiserAdvisor

JULY 1, 2022

That said, entrepreneurship can sometimes be cumbersome in spirit, especially in terms of financial planning. Long working hours, lack of financial security, irregular income, managing investors, liquidity issues, insufficient equity, and more, while juggling personal finances, can be a daunting task.

Financial Planning

Envision Wealth Planning

MARCH 24, 2022

Retirement planning for women can be trickier than most people may think. Most women I talk to are more concerned about paying less in taxes today than when they retire. Many people like the idea of paying less in taxes, But how does that relate to retirement planning for women and a financially free retirement?

Retirement Planning

Indigo Marketing Agency

JULY 1, 2024

To stand out in the competitive world of financial planning, you need more than just excellent financial services or agency support. To attract and retain clients, mastering the art of financial planning marketing is crucial. Highlight how your distinct qualities benefit your clients.

Financial Planning

Carson Wealth

MARCH 14, 2024

This could be your first opportunity to work with a financial advisor and learn about the financial planning process. Take advantage of this time with the financial advisor to make sure you’re on the right track. If you’re not, put a plan in place, get on the right track.

Financial Advisor

Integrity Financial Planning

MAY 16, 2023

Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old. [1] 1] This is called a required minimum distribution (often shortened to RMD). 7] Planning for RMDs is essential for retirement planning.

Accounting

WiserAdvisor

JUNE 19, 2022

While the figure is stressful, financial planning for a baby can help you transition into parenthood smoothly. More importantly, if you are a single parent, you may have to consider the financial preparedness aspect more seriously. Here are some tips that can help you in planning for a baby financially: 1.

Financial Planning