Abnormal Returns

FEBRUARY 21, 2024

Rowe Price about non-financial considerations in retirement. morningstar.com) People work in retirement for any number of reasons. wsj.com) Dan Haylett talks retirement planning with Bec Wilson, author of "How to Have an Epic Retirement." nytimes.com) Why you should update your estate documents.

Retirement 270

Retirement Retirement Planning Portfolio Management Financial Advisor 270

Nerd's Eye View

AUGUST 24, 2022

a single person, a couple, a business, or a retirement plan) and the date on which the agreement will become effective. To start, the agreement should contain basic information about the adviser-client relationship, including who the client is (e.g., The agreement should also lay out some acknowledgments for the client to review.

Electronics 242

Electronics Clients Retirement Planning Financial Advice 242

Nerd's Eye View

AUGUST 24, 2022

a single person, a couple, a business, or a retirement plan) and the date on which the agreement will become effective. To start, the agreement should contain basic information about the adviser-client relationship, including who the client is (e.g., The agreement should also lay out some acknowledgments for the client to review.

Electronics 238

Electronics Clients Retirement Planning Financial Advice 238

Carson Wealth

AUGUST 25, 2022

often fail to consider sequence of return, housing, longevity, health or family risks faced in retirement. Focus on Your Retirement Plan Rather Than a Magic Number. would be “How do I plan for retirement?“ And spending helps open conversations about the amount needed to comfortably retire.

Retirement Planning 98

Retirement Planning Retirement Planning Certified Financial Planner 98

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 233

Financial Advisor Retirement Planning CFP Clients 233

Nerd's Eye View

NOVEMBER 23, 2022

Among the several different types of retirement plans that are available to self-employed workers, solo 401(k) plans can offer the most flexibility and the ability to contribute the highest amount of tax-advantaged savings.

Planning 246

Planning Distribution Assets Retirement Planning 246

Harness Wealth

APRIL 17, 2025

We will cover qualification criteria, documentation requirements, and practical strategies to implement throughout the year. We will cover qualification criteria, documentation requirements, and practical strategies to implement throughout the year. Travel, meals, and supplies must directly relate to legitimate business activities.

Taxes 52

Taxes Tax Planning Professional Services Planning 52

Carson Wealth

JULY 3, 2024

Understand your tax obligations at the local, state and federal levels, and keep detailed records of income, expenses and tax-related documents. Plan for Your Retirement As a small business owner, it’s essential to plan for your retirement independently since you may not have the benefit of employer-sponsored retirement plans.

Financial Planning 142

Financial Planning Planning Retirement Planning Tax Planning 142

Harness Wealth

APRIL 16, 2025

Each option presents unique advantages, with potential annual tax savings reaching thousands of dollars for well-documented home offices. Smart tech founders maintain detailed photographic documentation of their dedicated workspace, creating a clear record for potential future audits.

Startup 52

Startup Taxes Tax Planning Transportation 52

Harness Wealth

APRIL 16, 2025

The fundamentals of Roth and traditional IRAs Traditional IRAs have long served as a cornerstone of retirement planning, offering immediate tax benefits through deductible contributions while deferring taxes until withdrawal. This first step set in motion a carefully orchestrated sequence of events.

Taxes 52

Taxes Retirement Distribution Retirement Planning 52

MainStreet Financial Planning

MARCH 7, 2023

Gathering all your documents is crucial to complete a tax return free of mistakes. It is a good idea to keep all your tax documents in one place by creating a physical or digital folder. It is a good idea to keep all your tax documents in one place by creating a physical or digital folder. Did you have AMT?

Taxes 98

Taxes Retirement Planning Distribution Planning 98

MazumaBusinessAccounting

MAY 31, 2022

Remember, the IRS recommends keeping tax-related documents for at least six years. Determining how long to keep financial records depends on several factors, including the record type and whether it’s for personal or business documentation. Some documentation has no expiration date, such as birth certificates and social security cards.

Certification 98

Certification Medical Taxes Accounting 98

Carson Wealth

MARCH 14, 2024

Be sure you know the details on balance requirements before you do – the account balance may need to exceed a certain balance to be allowed to stay in the plan. Your plan documents will outline the specifics of this provision, so be sure to check the balance requirement and if there are any deadlines by which you need to move your assets out.

Financial Advisor 143

Financial Advisor Retirement Consulting Taxes 143

Your Richest Life

JANUARY 20, 2023

Emergency Savings Beginning in 2024, some retirement plans could add an emergency savings component. Exemptions include businesses that are less than 3 years old, governmental plans, SIMPLE plans, church plans, and employers with 10 or less employees. document here. The Secure Act 2.0 Other Secure Act 2.0

Retirement Planning 105

Retirement Planning Retirement Accounting Planning 105

Cordant Wealth Partners

SEPTEMBER 8, 2022

The Microsoft 401(k) retirement plan offers many excellent choices among actively managed and index funds. Action Items & Summary Microsoft’s 401(k) retirement plan is a significant benefit for those working for Microsoft, but you can’t capture those benefits unless you take action.

Retirement Planning 52

Retirement Planning Retirement Planning Taxes 52

Million Dollar Round Table (MDRT)

JULY 21, 2022

This is the time to do comprehensive financial planning: retirement planning, investment planning, tax planning and estate planning. You can help her make those large purchases and housing decisions that she put off during the grief stage.

Charitable Planning 97

Charitable Planning Estate Planning Retirement Planning Tax Planning 97

Harness Wealth

APRIL 30, 2025

The government requires reporting of all such earnings, making Schedule C the primary vehicle for documenting both income and expenses from sole proprietorships. This single deduction can lead to significant tax savings when properly documented. Modern technology offers powerful tools for maintaining IRS-compliant documentation.

Taxes 52

Taxes Tax Planning Compliance Planning 52

MainStreet Financial Planning

JUNE 7, 2023

Pension Guaranty Corporation National Registry of Unclaimed Retirement Benefits There are some organizations who claim they can help you find unclaimed money for a fee, but don’t do it. These sites listed, mostly governmental sites, are free to use and just takes a little effort to submit the documents to prove the money is yours.

Retirement 97

Retirement Retirement Planning Financial Planning Planning 97

Good Financial Cents

JANUARY 24, 2023

While they do share some similarities, there are enough distinct differences between the two where they can just as easily qualify as completely separate and distinct retirement plans. Either plan is an excellent choice, particularly if you’re not covered by an employer-sponsored retirement plan. Not exactly.

Retirement Planning 122

Retirement Planning Retirement Taxes Distribution 122

International College of Financial Planning

JULY 9, 2022

When we are busy working to earn a living and spending time with our family, first thing needs to think about is Retirement Planning. Generally, people think about Retirement planning after retirement. To plan for retired life important thing is financial plan.

Certified Financial Planner 40

Certified Financial Planner Financial Planner Retirement Planning Retirement 40

Harness Wealth

JANUARY 9, 2025

Both the Mega Backdoor Roth IRA and Mega Backdoor Roth 401(k) allow the additional contribution of funds to retirement plans after pre-tax and Roth contribution limits have been reached. Roth IRAs are also not subject to Required Minimum Distributions (RMDs), allowing more flexibility in retirement planning.

Taxes 52

Taxes Planning Retirement Retirement Planning 52

Darrow Wealth Management

MARCH 31, 2023

Once the divorce is finalized, a crucial (but often overlooked) part of the process is updating estate documents and beneficiary designations. Here are some key considerations when financial planning for a divorce. Retirement accounts: IRAs vs 401(k)s. Here’s a checklist of post-divorce financial planning moves.

Financial Planning 105

Financial Planning Planning Estate Planning Assets 105

Random Roger's Retirement Planning

DECEMBER 15, 2023

600,000-$800,000 are workable numbers for long term retirement planning. That range might not equal anyone's retirement number but a couple of lifestyle tweaks or changes and I think it's a range people could adapt to. I guess what they are saying is that Gen-X thinks it needs $44,000/yr (4% of $1.1

Retirement 97

Retirement Numbers Retirement Planning Engineering 97

International College of Financial Planning

JUNE 17, 2025

LRS Limitations and Procedural Complexity The $250,000 LRS ceiling may restrict HNI strategies, and the current compliance requirements for fund transfer and documentation may deter retail investors. Remittance strategies should be phased to manage currency risk, especially for education and retirement planning.

Compliance 40

Compliance Education Economics Investing 40

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

As we look forward to 2023, the IRS recently announced that the contribution limits for employer-sponsored retirement plans are going up. You may want to review your contribution amounts and adjust for January payrolls if your goal is to maximize funding your retirement plan contributions. . IRA Accounts.

Insurance Coverage 98

Insurance Coverage Retirement Planning Accounting Taxes 98

Harness Wealth

APRIL 30, 2025

Employee Stock Ownership Plans (ESOPs) An ESOP allows owners to gradually sell their shares to employees through a qualified retirement plan. These determinations require careful analysis and documentation. Accurately allocating these resources requires thorough documentation and often benefits from professional guidance.

Taxes 52

Taxes Planning Tax Planning Sales 52

Nationwide Financial

AUGUST 16, 2024

Start with important documents There are 3 main documents your clients will want to have in the event of their passing, or if something renders them unable to care for their farm, including: Will Durable power of attorney Medical advance directive These documents can be essential for clients with no farm family successors.

Retirement 52

Retirement Medical Clients Planning 52

Carson Wealth

JULY 12, 2022

Attorneys play a critical role in the financial planning process, particularly in estate planning. They can draft wills, trusts and legal documents as well as represent clients during life transitions. . In financial services, you might encounter an LLM in tax or estate planning. . Retirement.

Financial Advising 98

Financial Advising Financial Planning Ethics Financial Services 98

Fortune Financial

JUNE 2, 2023

In retirement, how you distribute that company stock will play a key role in determining your tax liability for its value. In the realm of investment and retirement planning, the concept of Net Unrealized Appreciation (NUA) holds significant importance. The remaining assets may be rolled over.

Retirement Planning 52

Retirement Planning Distribution Retirement Taxes 52

Fortune Financial

APRIL 11, 2024

According to the Department of Labor , “Based on the experience of Council members, and testimony and conversations with recordkeepers, the value of uncashed retirement plan checks likely exceeds $100 million per year but could be considerably larger.

Retirement 59

Retirement Retirement Planning Financial Advisor Accounting 59

Clever Girl Finance

NOVEMBER 16, 2022

By filling and documenting this report quickly, you may also be able to limit your financial liability as well. Get access to any documents related to the identity theft. To better prepare, you should gather all the documents that relate to the theft. Correct your credit report. Clear your name of criminal charges.

License 101

License Accounting Insurance Medical 101

Harness Wealth

OCTOBER 24, 2024

This article covers a comprehensive list of the most common forms, documents, and information needed to file taxes. To plan your tax timeline, see our article, 2025 Tax Deadline Information for Individual Filers. Income Documentation Records showing income are the most common type of tax information used to file taxes.

Taxes 52

Taxes Insurance Insurance Coverage Medical 52

Getting Your Financial Ducks In A Row

MARCH 27, 2023

Make sure that you keep documentation on all of these transactions – you’ll need it if the IRS comes a-callin’ Understand that the SOSEPP payment amount is not eligible to be converted to Roth.

Distribution 136

Distribution Accounting Taxes Retirement Planning 136

Carson Wealth

OCTOBER 6, 2022

The employee benefits business has its own language and most workers — even if they read all of their onboarding documents — won’t necessarily understand the content. I blame it largely on the failure of employers to educate in a coherent and easy-to-understand fashion. 5 Employee Benefits You Might Be Missing Out On.

Education 98

Education Insurance Planning 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

FMG

JUNE 13, 2025

People bring sensitive documents, enjoy coffee and conversation, and leave with peace of mind – and your business card. One advisor noted that these events draw not only current clients but also curious prospects who are actively exploring retirement planning options.

Education 52

Education Food Clients Retirement 52

Harness Wealth

MARCH 6, 2025

This contract serves as documentation for the IRS, substantiating your self-employment. Retirement contributions: Contributions to SEP IRAs, SIMPLE IRAs, or other qualified retirement plans can reduce your taxable income. Keep all receipts, invoices, bank statements, and other documentation.

Taxes 52

Taxes Consulting Professional Services Tax Planning 52