MainStreet Financial Planning

JANUARY 23, 2025

For 2024, the maximum taxable earnings subject to Social Security tax is $168,600. Review Your Estate Planning Documents Take some time to review the key documents in your estate plan, such as your will, power of attorney, and property deeds. If you notice any errors, you can easily request a correction online.

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Estate Planning Budgeting Taxes Insurance 88

Harness Wealth

NOVEMBER 12, 2024

As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. Find your next tax advisor at Harness today. Starting at $2,500.

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Tax Planning Taxes Planning Estate Planning 52

Harness Wealth

APRIL 30, 2025

Without proper planning, taxes can unexpectedly take a large bite out of the proceeds, potentially reducing financial security and the legacy. When you understand various exit strategies and their tax implications early, you position yourself to make informed decisions that maximize after-tax value while ensuring a smooth transition.

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Taxes Planning Tax Planning Sales 52

Harness Wealth

MARCH 6, 2025

Freelancers and contractors may enjoy greater flexibility and independence than full-time employees, however, this autonomy brings increased tax responsibility. Unlike W-2 employees, freelancers and independent contractors are responsible for managing their own tax obligations, which can be a complex process.

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Taxes Consulting Professional Services Tax Planning 52

Harness Wealth

JANUARY 29, 2025

April 15 marks the IRS tax return filing deadline for 2025. Although this is the traditional tax filing deadline, given the spate of recent natural disasters (such as the California wildfires and Hurricane Milton), the IRS is granting certain filing and payment extensions beyond this date.

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Taxes Medical Distribution Tax Planning 52

Carson Wealth

MAY 29, 2025

Imagine yourself on your last ride home from work on the day you retire. It probably depends on whether you have a strong plan in place for income during your retirement years. Having a retirement planning checklist can help make this final commute the time of reflection and joy it should be. Theres also no steady paycheck.

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Retirement Planning Retirement Planning Taxes 52

Harness Wealth

APRIL 30, 2025

This article will explore how to navigate complex tax situations arising from multiple income sources, examining various income types, reporting requirements, self-employment obligations, and strategic approaches to record-keeping and tax planning that can help protect your financial interests. What is an RSU?

Taxes 52

Taxes Tax Planning Compliance Planning 52

Zoe Financial

JUNE 20, 2025

This guide consolidates what we’ve learned to help you refine, update, or pressure-test your current retirement and estate strategy with confidence. Getting Started: What First-Time Planners Should Know Even for seasoned investors, key decisions around taxes, estate structure, and long-term income planning can carry significant implications.

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Retirement Planning Retirement Planning Estate Planning 40

Tobias Financial

JUNE 16, 2025

Life transitions such as marriage, divorce, the birth of a child or grandchild, career changes, retirement, an inheritance, or the purchase or sale of a home can all influence your broader financial picture. These events may affect your investment approach, tax planning strategies, insurance needs, and estate planning documents.

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Planning Engineering Financial Planning Financial Advisor 52

Harness Wealth

APRIL 16, 2025

Let us face ittech startups encounter a unique set of tax challenges that can make or break their financial future. The complex interplay between traditional tax regulations and the innovative nature of tech businesses demands smart planning from day one.

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Startup Taxes Tax Planning Transportation 52

Wealth Management

JULY 10, 2025

Document Management: Microsoft SharePoint SharePoint is the reason we’re in the whole Microsoft ecosystem. Copilot can very easily look across all of our Teams meetings, all of our SharePoint documents, our emails, etc. But again, we’ll continue to support both because of that client experience transition challenge.

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Wealth Management Estate Planning Clients Planning 165

Harness Wealth

JANUARY 9, 2025

Backdoor strategies are retirement contribution methods that allow individuals to bypass income limits and contribute to tax-advantaged retirement accounts. The strategies typically involve making after-tax contributions to a traditional IRA or 401(k), then converting those funds into a Roth IRA or Roth 401(k).

Taxes 52

Taxes Planning Retirement Retirement Planning 52

Harness Wealth

APRIL 30, 2025

In this article, well examine the nature of IRS audits, the common audit red flags that result in IRS scrutiny, and how professional tax advisors can help reduce the risk of you being audited. An IRS audit is a formal review of your financial records to verify their accuracy and compliance with tax laws.

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Compliance Taxes Accounting Consulting 52

Workable Wealth

NOVEMBER 11, 2020

Here are a few things to consider: Your income Family size and additional income Existing insurance coverage Net worth Current portfolio and retirement assets Did you just start a family, buy your first or second home, or start your own business? Set Up or Rebalance Your 401(k) Your 401(k) is a tax-efficient way to save for retirement.

Estate Planning 52

Estate Planning Insurance Financial Planning Planning 52

Harness Wealth

APRIL 16, 2025

Roth IRA conversions present a significant challenge for retirement planners: pay taxes now or later? Moving funds from traditional IRAs to Roth accounts triggers immediate taxation but promises tax-free withdrawals in retirement. One of the Roth IRA’s most compelling features?

Taxes 52

Taxes Retirement Retirement Planning Distribution 52

Steve Sanduski

APRIL 8, 2025

In a nutshell: Bill Keen named his book Keen on Retirement: Engineering the Second Half of Your Life. Bill, Matt, and their team have become such experts in these companies’ retirement and benefit programs that even their HR professionals call Keen Wealth with questions. And then pivoting over into, ‘Who does your taxes?

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Communication Engineering Financial Planning Clients 52

Harness Wealth

APRIL 28, 2025

Private equity and alternative investments create unique tax reporting complexities that demand attention. 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.

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Tax Planning Distribution Taxes Compliance 52

Trade Brains

JUNE 17, 2025

Also read: Top Passive Income Ideas for Retirees to Earn Money After Retirement Step 4: Prepare Additional Documentation With a low score, documentation becomes your armor. While each lender differs in document, here are a few common ones to keep on hand. Proof of income tax filing if you are self-employed.

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Banking Numbers Insurance Media 52

FMG

JUNE 17, 2025

Document Request Follow-up “Hi [Client Name], just checking in on those documents we discussed. Event Invitation Follow-up “Hi [Client Name], thanks for your interest in our retirement planning workshop. Text me with any questions – I typically respond within 30 minutes during business hours.”

Financial Advisor 52

Financial Advisor Communication Clients Financial Guidance 52

Darrow Wealth Management

NOVEMBER 11, 2024

Because many taxpayers earn too much to make pre-tax IRA contributions as they have a 401(k) at work. Although any investor with earned income can make a non-deductible contribution to an IRA (up to $7,000 in 2024-2025 if under age 50) and still take advantage of tax-deferred growth, it still may not be advisable. Yes and no.

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Taxes Distribution Retirement Retirement Planning 98

Zajac Group

JANUARY 24, 2025

Your first move should be simple enoughgather up all the documents and ask all the questions necessary to make an informed decision. Your advisor should be able to provide you with an updated net worth projection and tax liability projection, as well as take a look at your portfolios overall diversification.

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Taxes Portfolio Planning Investing 52

Mr. Money Mustache

FEBRUARY 25, 2025

The value of the S&P 500 index of stocks, where most of us hopefully have a good chunk of our retirement savings stashed into index funds, is up about fifty seven percent in just the past two years. Does this make it more vulnerable to a huge crash in the future, and will it affect my retirement?

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Marketing Marketing Sales Portfolio 66

Harness Wealth

APRIL 17, 2025

Incentive stock options represent a specialized form of equity compensation designed specifically for employees, offering potential tax advantages that make them particularly valuable for retention. This restriction helps companies focus their most tax-advantaged equity compensation on their core workforce.

Taxes 52

Taxes Tax Planning Planning Sales 52

Nerd's Eye View

DECEMBER 30, 2024

We start with several articles on retirement planning: Why considering a client's retirement time horizon and spending flexibility could lead to more accurate (and often higher) safe withdrawal rates than the simpler "4% rule" Four unique risks retirees face when drawing down their assets, from sequence of returns risk to tax risk, and how financial (..)

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Financial Advisor Insurance Tax Planning Taxes 240

The Big Picture

FEBRUARY 25, 2025

Charley Ellis : The research explosion happened in the seventies and then into the eighties, but the documents that you were looking at or thinking about, were all looking backwards, Give you the plain vanilla facts of what’s happened in the last five years in a standardized format with no analytical or insight available.

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Investing Investments Management Engineering 162

Trade Brains

JUNE 30, 2025

Also, certain tax benefits are available on Education Loans, such as deductions on principal and interest payments under specific sections of the Income Tax Act, which can ease your financial burden. Age and Tenure : Loan tenure is typically linked to your age, with repayments usually required before you reach retirement age.

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Education Budgeting Planning Banking 52

Harness Wealth

FEBRUARY 4, 2025

However, unlike stocks and bonds, alternative investments, or alts as theyre commonly known, have unique tax treatments and complex reporting requirements that investors should carefully consider before investing. Well also go into some potential strategies to optimize tax efficiency. How Are Alternative Investments Taxed?

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Taxes Investing Investments Startup 52

Carson Wealth

APRIL 9, 2025

From tax season preparations to professional development and a few well-deserved breaks, heres a look at what weve been up to. Navigating Tax Season The Carson Wealth team has been busy assisting clients through tax season, helping coordinate with CPAs, providing 1099s, and making sure everything is in place for a smooth filing process.

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Taxes License Wealth Advisor Clients 52

Harness Wealth

MARCH 20, 2025

With over 22 million Americans working remotely , understanding the tax deductions available for home offices is more relevant than ever. The eligibility criteria and rules surrounding home office tax deductions for remote workers are far from straightforward, however. Table of Contents Am I eligible for home office tax deductions?

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License Taxes Insurance Consulting 52

Harness Wealth

JANUARY 28, 2025

In this guide, we’ll explore the key tax changes in effect for 2025, how theyll influence your filing status, retirement savings, investment, and estate planningand offer strategic advice to help high-income and high-net-worth individuals prepare more effectively for upcoming coming tax changes. That said, U.S.

Taxes 52

Taxes Planning Retirement Accounting 52

The Big Picture

APRIL 8, 2025

We’re serving family offices, we’re serving institutions, we’ve done acquisitions in, in the stock plan businesses, in the retirement businesses. They want a financial plan, they want some advice, they want to think about whether it’s saving for a home or college or, or retirement. I can work with that.

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Asset Allocation Wealth Management Clients Assets 147

Financial Symmetry

APRIL 28, 2025

You likely give some thought to selecting a beneficiary after starting a new job when you enroll in your companys retirement plan, but then it probably fades into the back of your mind since no one likes to dwell on their mortality. If there are no estate documents naming a guardian after the parents, then the court will appoint one.

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Estate Planning Accounting Insurance Distribution 62

Discipline Funds

DECEMBER 29, 2024

Calculate your 2024 after tax income and expected after tax 2025 income. Once youve got your shorter-term expenses calculated you can begin to focus on more long-term goals like retirement and unknowns. Retirement Planning Review your retirement goals and objectives. Are you on track to retire when you want to?

Financial Planning 64

Financial Planning Planning Asset Allocation Retirement Planning 64

Zajac Group

APRIL 1, 2025

That being said, you will still need to be cognizant of when they vest, how they can impact your tax bill, and when may be the best time to sell or hold shares. Taxes and Portfolio Concentration: The Importance of Managing Your RSUs RSUs are relatively simple to manage when compared to employees stock options.

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Taxes Education Accounting Investing 52

Midstream Marketing

DECEMBER 10, 2024

Do you specialize in retirement planning for small business owners? You might have a webinar about planning for retirement, easy investments for beginners, or key estate planning tips. You can make explainer videos about investment ideas, retirement plans, or tips on saving on taxes. Keep up to date with changes in rules.

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Financial Advisor Marketing Marketing Clients 52

Carson Wealth

FEBRUARY 27, 2025

Like gardening or working out, tax planning is one of those activities where you get out what you put in. Tax planning is similar in the sense that you can put work in on the front end that youll reap benefits from later. Tax planning is similar in the sense that you can put work in on the front end that youll reap benefits from later.

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Taxes Tax Planning Distribution Planning 105

Nerd's Eye View

MAY 14, 2025

Owners of IRAs and qualified retirement accounts might name a trust as the account's beneficiary for a number of reasons. Whatever the reason, naming a trust as the beneficiary of a retirement account subjects the account to a complex series of rules regarding how the account must be distributed after the owner's death. Read More.

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