oXYGen Financial

SEPTEMBER 24, 2023

[CDATA[ The burden of student loans can loom large over the lives of recent graduates, but there's a glimmer of hope on the horizon: the new Student Aid Verification for Education (SAVE) plan. Should you switch to the new SAVE plan? It may be. ]]

Planning 105

Planning Education 105

Walkner Condon Financial Advisors

NOVEMBER 28, 2023

I Bonds are a type of government savings bond issued by the United States Department of the Treasury. They are a low-risk investment vehicle designed to help individuals save money over the long term and protect from inflation. If you think you’ll use the bonds to pay for education expenses it might make sense to hold.

Education 105

Education Risk Tolerance Taxes Financial Advisor 105

Abnormal Returns

MAY 24, 2023

monevator.com) Does streaming still save money over cable? wsj.com) On the complexities of Series I savings bonds. thisisthetop.substack.com) What's the point of financial literacy education? (whitecoatinvestor.com) Spending Frugality is not a fear of spending. morningstar.com) How do you get money out of a 529 plan?

Distribution 203

Distribution Education Financial Planning Retirement 203

Nationwide Financial

OCTOBER 18, 2022

As college costs rise, qualified tuition plans, or 529 college savings plans, can be an option for clients to save for their child or grandchild’s (or even their own!) These accounts can help your clients’ beneficiaries save for college and the funds can be used for various expenses relating to K-12 and higher education.

Clients 98

Clients Planning Education Taxes 98

MainStreet Financial Planning

MARCH 22, 2023

Are you one of the few out there that might have saved too much for your child’s college into a tax-advantaged 529 savings plan? I am sure you don’t want to take out the money for non -education expenses because then you will have to pay taxes and penalties. You already gave your child a great gift in education.

Taxes 89

Taxes Planning Education Accounting 89

Nerd's Eye View

SEPTEMBER 21, 2022

the ideal size for an emergency fund, how much income should really be saved for retirement, etc.), the ideal size for an emergency fund, how much income should really be saved for retirement, etc.), Though many potentially valid criticisms of this process tend to concern technical details (e.g.,

Financial Planning 240

Financial Planning Planning Financial Advice Clients 240

Abnormal Returns

DECEMBER 22, 2022

Books An excerpt from "Wealth, Cost and Price in American Higher Education: A Brief History" by Bruce A. newyorker.com) Health care Just because a hospital got a discount on a drug doesn't mean they will pass those savings along. Kimball and Sarah M. annehelen.substack.com) Russia How Putin misjudged the war in Ukraine.

Education 212

Education Media Government 212

Fortune Financial

APRIL 11, 2024

The reality for those with various employers is that untracked retirement savings might lead to missed financial growth opportunities and instability. One effective approach to this balancing act involves integrating tax-advantaged savings vehicles such as 529 plans and custodial accounts into your financial strategy.

Retirement 59

Retirement Retirement Planning Financial Advisor Education 59

Nerd's Eye View

FEBRUARY 2, 2024

Also in industry news this week: A recent study from advisor digital marketing firm Snappy Kraken suggests firms that invest in Search Engine Optimization (SEO), have a regular cadence of emails to their subscriber list, and include video content in these messages tend to get greater returns from their marketing efforts CFP Board has created a guide (..)

Financial Planner 215

Financial Planner Compliance CFP Clients 215

Nationwide Financial

APRIL 7, 2023

Key Takeaways: Before diving into investing, it can be helpful to make sure children understand the basics of money management, including budgeting, saving, and spending. Encouraging them to introduce their child to investing and saving for retirement can be a great place to begin. But when and how should your clients start?

Retirement 103

Retirement Clients Education Budgeting 103

Abnormal Returns

JULY 27, 2022

indeedably.com) Life, and spending, and saving, are all about tradeoffs. nytimes.com) Another example why we need universal financial literacy education. (humbledollar.com) Changing metrics matter when it comes to your behavior. awealthofcommonsense.com) Managing your startup equity is no small task. tonyisola.com).

Startup 130

Startup Education Management Investing 130

Your Richest Life

JUNE 12, 2023

After years of education and training, many physicians begin their careers with some hefty student loan debt. Once you become a parent, it can be intimidating to put money aside for your child’s education, especially if you’re still paying off your own. It’s also a great short-term savings option, because it’s a low risk investment.

Education 59

Education Financial Planner Accounting Planning 59

Clever Girl Finance

JUNE 12, 2023

Let’s talk about saving money for your child via custodial accounts and education plans. Different types of custodial accounts for minors can help you save for your child’s future. Related posts to custodial accounts Save for your child’s future starting today! Parents are making saving a priority.

Accounting 64

Accounting Education Taxes Planning 64

The Big Picture

OCTOBER 15, 2022

The division provides investments, services, education and research to more than 1,000 financial advisory firms representing more than $3 trillion in assets. The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions by Eric Balchunas.

Financial Advisor 290

Financial Advisor Education Retail Management 290

Nerd's Eye View

OCTOBER 4, 2022

Ramit is the author of the New York Times’s bestselling book, I Will Teach You To Be Rich , and the owner of the online platform of the same name that offers financial education content and programs to consumers so they can get refocused on their personal finances and the things they love. Read More.

Clients 214

Clients Financial Advisor Education Retirement 214

Advisor Perspectives

FEBRUARY 12, 2024

Most of us associate 529 accounts with college savings. They’re flexible, allowing you to transfer assets to anyone, including yourself, for the express purpose of furthering the education of your beneficiary. But did you know that a 529 can be a powerful estate planning tool?

Estate Planning 52

Estate Planning Education Accounting Assets 52

Don Connelly & Associates

APRIL 15, 2024

But is maxing out 401k contributions really the best retirement savings strategy for your clients? The post How to Educate Clients About the Importance of Investing Beyond Their 401(k) appeared first on Don Connelly & Associates. Many retirees are shocked by the amount of taxes they owe on their retirement income.

Education 52

Education Clients Investing Investments 52

The Chicago Financial Planner

NOVEMBER 27, 2022

Beyond any tax deduction you are saving for your own retirement. Both plans can offer a great way for you to save for retirement and to realize some tax savings in the process. Whether you go this route or with some other option I urge to start saving for your retirement today. . You deserve a comfortable retirement.

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

Wealth Management

JUNE 21, 2023

This Annuity Awareness Month, educate your clients on all their retirement savings options.

Education 91

Education Retirement Clients 91

Nerd's Eye View

FEBRUARY 28, 2024

For instance, an advicer might observe that "it seems that saving for your child's education is important, but it also seems that you're concerned about whether or not you'll be ready for to retire when you want." The "it seems" framework is particularly useful when prospects need help prioritizing multiple goals.

Planning 222

Planning Financial Advice Financial Planning Clients 222

Nerd's Eye View

DECEMBER 11, 2023

In practice, this means that we'll be bringing back our popular IAR Ethics CE Day in 2024 (save the date for August 29th!), In 2024 we'll again feature our Marketing Summit (save the date for April 25th!) And a lot of advicers have more than 5 clients in Florida! I hope you'll continue to come along with us on the journey in 2024!

Financial Advisor 190

Financial Advisor Financial Advice Ethics Financial Planning 190

Trade Brains

DECEMBER 7, 2023

Personal Finance for Beginners by FinGrad FinGrad Academy is an educational platform that offers various courses on financial products for better investment opportunities. Personal Finance – Mutual Funds course by Zerodha Varsity Zerodha Varsity is an educational platform that offers all financial content in different modules.

Budgeting 59

Budgeting Certification Education Asset Allocation 59

Nerd's Eye View

DECEMBER 16, 2022

A recent survey indicates that Americans broadly feel like they are behind on their retirement saving, with those closest to retirement age most likely to think they need to catch up. How the tontine, a centuries-old financial product has made a comeback this year as a way to mediate longevity risk.

Financial Planner 234

Financial Planner CFP Financial Advisor Retirement Planning 234

Nationwide Financial

MAY 8, 2023

Key Takeaways: Choosing to save for college through the Uniform Gifts to Minors Act (“UGMA”) or the Uniform Transfers to Minors Act (“UTMA”) may help your clients with children and grandchildren ease their worries about college education expenses. 1 In addition to cash, these accounts can hold securities for the benefit of the child.

Accounting 52

Accounting Clients Education Taxes 52

Nerd's Eye View

SEPTEMBER 9, 2022

More states are adopting continuing education requirements for investment advisers, with three states establishing rules that must be followed by the end of 2022. We wrap up with three final articles, all about time management: Why scaling your time can be more effective than trying to stretch or save it.

Financial Planner 198

Financial Planner Retirement Planning Financial Advisor Education 198

Envision Wealth Planning

JULY 12, 2023

Unfortunately, many people, not coming from wealthier families, found themselves needing to take on student loan debt to fund their college education. Somewhere in all that language, you heard words like “subsidized” and “unsubsidized”, but at the time you had little to no financial literacy, as it was not part of your high school education.

Nonprofit 98

Nonprofit Taxes Education Planning 98

Advisor Perspectives

JUNE 12, 2023

Saving for college and other educational needs is one of the most pressing financial planning concerns. Investors are looking to their financial advisors for guidance. has lowered barriers to opening and funding a 529. has lowered barriers to opening and funding a 529.

Planning 52

Planning Education Financial Advisor Financial Planning 52

Wealth Management

MAY 16, 2023

The idea behind baby bonds is to establish trust funds for children when they’re born, allowing the money to grow over time and then be accessed in young adulthood for wealth-building purposes like education, buying a home, starting a small business or saving for retirement.

Education 68

Education Planning Retirement 68

Truemind Capital

JANUARY 25, 2024

Common critical goals which are unavoidable – are retirement corpus, children’s education, and housing; and non-critical goals – world tour, luxury car, house in the mountains, etc. Every parent wants the best education for their children. We all have some financial goals. I fully understand the sentiments.

Retirement Planning 52

Retirement Planning Education Retirement Financial Planning 52

Million Dollar Round Table (MDRT)

JANUARY 29, 2023

By Kennedy Sumarlie, CFP Most of the time, retirement plans and children’s education fund-related products require long-term discipline and consistent financial commitment. This feels challenging for some clients. When I encounter a client who may be hesitant about long-term planning, I often use simple explanations.

Clients 88

Clients Financial Planning Planning Retirement Planning 88

eMoney Advisor

NOVEMBER 7, 2022

In my book— Flipping a Switch: Your Guide to Happiness and Financial Security in Later Life — I discuss over 15 financial engagement topics to support clients as they go from someone saving for retirement to a retiree who must now manage those savings. Many of you today likely have clients in that “save, save, save” mindset.

Financial Planning 107

Financial Planning Retirement Planning Taxes 107

Nationwide Financial

MARCH 24, 2023

Key Takeaways: As the cost of college continues to rise, your clients might be faced with the often-daunting challenge of saving for their children’s future education expenses. Coverdell Education Savings Accounts and UGMA accounts are options for college savings accounts as well.

Risk Tolerance 52

Risk Tolerance Marketing Marketing Education 52

Talon Wealth

OCTOBER 26, 2023

That means you should plan for your retirement savings to last at least 18 years, if not more. And when you do calculate how much in retirement savings you’ll need, you have to factor in inflation and the cost of health care, which is likely to rise in the decades ahead. Educate yourself about finances.

Retirement Planning 98

Retirement Planning Retirement Planning Medical 98

Carson Wealth

OCTOBER 6, 2022

I blame it largely on the failure of employers to educate in a coherent and easy-to-understand fashion. I have two friends, both in education, who literally threw away their 403(b) enrollment forms because they didn’t understand what the tax-sheltered retirement plan was. 2. Health savings accounts. Use It or Lose It.

Education 98

Education Insurance Planning Retirement 98

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. Similarly, if you’re saving for your child’s education, you must understand the projected cost and timeline.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Zoe Financial

JUNE 6, 2023

However, the increasing costs of pursuing higher education have made financing a concern for many parents. Regardless of the timeline, it’s vital to develop a well-thought-out plan to finance education. As we raise our children, we dream about their admission to the nation’s top schools, where they’ll receive the best education.

Education 52

Education Taxes Financial Advisor Planning 52

Darrow Wealth Management

DECEMBER 23, 2023

For kids, consider opening a 529 college savings account for the benefit of the child. Anyone can open a college savings account for another person. If the funds are used for qualifying educational expenses, withdrawals are tax-free. After-tax Roth savings also grow tax-deferred and can be tapped tax-free in retirement.

Taxes 78

Taxes Wealth Management Education Planning 78