Nerd's Eye View

FEBRUARY 26, 2025

To achieve this, financial support may start at a very young age, allowing for a longer growth horizon and, in many cases, serving tax and estate planning purposes. 529 plans offer greater flexibility in ownership but restrict how funds can be used, particularly for educational expenses.

Estate Planning 227

Estate Planning Planning Distribution Assets 227

Nerd's Eye View

OCTOBER 9, 2024

While all gifts could technically be considered taxable to the donor, the annual gift tax exclusion (currently at $18,000) provides for a practical allowance that makes it unnecessary to track and report every small gift (because no one wants to spend time accounting for the value of birthday gifts like bikes, books, or cash!).

Taxes 244

Taxes Medical Clients Education 244

Nerd's Eye View

SEPTEMBER 5, 2024

A cornerstone service that many financial advisors provide is education. This puts advisors in a challenging situation to re-educate or redirect the client without becoming combative or condescending.

Education 221

Education Clients Financial Planning Communication 221

Nerd's Eye View

MAY 13, 2025

Ed is the president of Ed Slott And Company, a financial education company based in Rockville Centre, New York that offers seminars and newsletters for financial advisors and consumers focused primarily on IRAs.

Financial Advisor 187

Financial Advisor Accounting Education Estate Planning 187

Nerd's Eye View

SEPTEMBER 6, 2023

Beyond insurance, advisors and their clients can also consider options such as the use of corporate entities such as Limited Liability Companies (LLCs) for business interests, and estate tax planning tools such as Spousal Lifetime Access Trusts (SLATs) that can offer both estate planning and asset protection benefits for married couples.

Education 246

Education Assets Clients Estate Planning 246

Harness Wealth

APRIL 17, 2025

Tax season can be overwhelming, but understanding how to leverage deductions and credits can significantly impact your bottom line. While both mechanisms help reduce what you owe, they operate in fundamentally different ways that affect your final tax bill. And tax law is not static. of your AGI. of your AGI.

Taxes 52

Taxes Tax Planning Education Medical 52

Advisor Perspectives

JUNE 16, 2025

A 529 plan can play a strategic role in estate planning, especially for families looking to reduce taxes while saving for education. Contributions to a 529 plan may be excluded from your taxable estate, potentially lowering future estate tax liability.

Estate Planning 63

Estate Planning Planning Taxes Education 63

Abnormal Returns

MAY 21, 2025

humbledollar.com) Who gets the education tax credit? (theguardian.com) Children Three important money lessons for children. humbledollar.com) How to get money to children before they have earned income. savantwealth.com) Investing The time you spend tracking your stock investments, is time you can't spend on other aspects of your life.

Estate Planning 157

Estate Planning Financial Services Education Retirement 157

Harness Wealth

JANUARY 10, 2025

Tax advice is a common topic on social media platforms like TikTok. Influencers promise easy ways to secure tax deductions, simplifying complex ideas into bite-sized claims that gloss over important details in the process. Can Hiring Your Children Help You Save on Taxes? Can You Claim Your Pet as a Tax Write-Off?

Taxes 52

Taxes Assets Media Education 52

Nerd's Eye View

JUNE 12, 2025

As a result, when advisors are tasked with (re-)educating clients about the potential consequences of financial decisions, there may be a disconnect between potential risk and what a client actually experiences. a tax bill or refund). So how can advisors help clients understand dangers they haven't personally encountered?

Financial Planner 130

Financial Planner Clients Tax Planning Planning 130

Abnormal Returns

APRIL 9, 2025

ft.com) Taxes Your chances of getting audited are low and getting lower. nytimes.com) Just because the IRS is defanged doesn't mean you should skimp on your taxes. thecollegefinanciallady.com) Cuts at the Department of Education is going to make choosing a college more difficult. techcrunch.com) New house sizes in the U.S.

Taxes 144

Taxes Education Retirement Accounting 144

Harness Wealth

MARCH 14, 2025

This edition of the Tax Advisor Weekly covers key updates for financial professionals. To round things out, we provide a refresher on the most common tax return mistakes to watch for this season. Citizens, Businesses ( Martha Waggoner , The Tax Adviser) U.S. Property taxes accounted for 70.2 You can find it here.

Taxes 59

Taxes Accounting Government Medical 59

Cordant Wealth Partners

NOVEMBER 18, 2024

We also get you up to speed on the tax benefits of using a DAF. If you've heard of a DAF and are curious about incorporating it into your giving and tax planning strategy, this article is for you. Key Takeaways: Contributions to a donor-advised fund reduce your tax bill in the year your contribution is made.

Taxes 52

Taxes Tax Planning Nonprofit Accounting 52

Carson Wealth

FEBRUARY 6, 2025

Every year brings changes in tax rules, and 2025 is no exception. Staying informed about these tax updates isn’t just about being prepared for tax seasonit’s about making smart money moves all year long. More Money Protected from Taxes Good news for your walletyou can shield more of your income from taxes in 2025.

Taxes 64

Taxes Retirement Tax Planning Planning 64

Nerd's Eye View

JULY 8, 2024

interest rates, and relatively little new tax legislation (yet). After several turbulent years in both markets and workforces, 2024 appears to be the 'most normal' year of late, with strong market performance, cooling (or at least no longer rising!?)

Ethics 239

Ethics Education Financial Advice Taxes 239

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.

Taxes 52

Taxes Consulting Professional Services Tax Planning 52

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.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Financial Symmetry

APRIL 9, 2025

Tax planning might not top everyone’s list of leisure activities, but in the middle of tax season, theres a hidden opportunity. In this episode, we talk about five strategies you can use during tax season to create opportunities to help you reach your financial goals.

Taxes 62

Taxes Tax Planning Retirement Planning 62

Harness Wealth

APRIL 17, 2025

Tax deductions can save you thousands annually by reducing your taxable income through legitimate business expenses. Understanding these deductions is more critical than ever as tax laws evolve, presenting new opportunities for savings. Understanding this distinction is crucial for maximizing your tax benefits effectively.

Taxes 52

Taxes Tax Planning Professional Services Planning 52

Nerd's Eye View

MARCH 24, 2023

Also in industry news this week: Top Democratic Senators are urging the Treasury Department to crack down on a range of estate planning strategies for high-net-worth individuals, including GRATs and IDGTs Amid fallout from recent bank failures, both Republicans and Democrats are considering whether current FDIC insurance limits should be increased (..)

Financial Planner 245

Financial Planner CFP Certification Retirement Planning 245

Harness Wealth

MARCH 14, 2025

For many small tax firms, the process of collecting client tax documents can be a time-consuming and a prolonged process. The good news is that technology solutions, like Harness, can streamline document collection and transform the way tax professionals work.

Taxes 52

Taxes Compliance Tax Planning Clients 52

Abnormal Returns

SEPTEMBER 18, 2023

theirrelevantinvestor.com) Taxes Why clients need to start planning now for the coming dip in the estate tax exemption. financial-planning.com) A profile of Dan Otter, founder of education and advocacy site 403bwise. (riabiz.com) RWM A lot of changes have happened in ten years at Ritholtz Wealth Management.

Planning 261

Planning Financial Advice Wealth Management Math 261

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.

Taxes 52

Taxes Medical Distribution Tax Planning 52

Nerd's Eye View

JUNE 17, 2025

In this episode, we talk in-depth about how David's weekly market commentaries (which he has written since 2008 and draws 15,000 weekly viewers across blog, podcast, and video formats) familiarize readers with his firm's investment approach and put it top-of-mind when they are ready to seek out a financial advisor, how David has written multiple books (..)

Clients 130

Clients Financial Advisor Assets Financial Services 130

Nerd's Eye View

OCTOBER 28, 2024

continuing education) and often held a space for the vendors who served those advisors, with organizations like the Financial Planning Association convening the largest conferences for financial advisors.

Financial Advisor 146

Financial Advisor Tax Planning Financial Planning Planning 146

MainStreet Financial Planning

MARCH 7, 2025

Tax season can feel overwhelming, whether you’re filing for the first time or you’ve been doing it for years. Should you tackle your taxes on your own, or is it time to bring in a professional? Lets explore the pros and cons of DIY tax preparation and when seeking expert help might be the right move.

Taxes 52

Taxes Financial Planning Planning Numbers 52

Nerd's Eye View

SEPTEMBER 27, 2023

However, the number of Federal student loan borrowers over the age of 50 has increased significantly in the past 20 years, with many of these borrowers holding Parent PLUS loans that were used to help fund their children's undergraduate education. Read More.

Education 246

Education Financial Advisor Planning Clients 246

Nerd's Eye View

JULY 25, 2022

All in pursuit of our mission – Making Financial Advicers Better, and More Successful – through our ongoing focus on Navigational resources, Educational insights, Research on advicers, and Development of advicer skills. A gap our Kitces Courses aim to fill! can check out our Career Opportunities page for more!

Education 244

Education Financial Planning Estate Planning CFP 244

Abnormal Returns

MAY 26, 2024

nytimes.com) A better educated police force is a good thing. washingtonmonthly.com) Tax enforcement pays for itself. (caia.org) Policy How the Retirement Savings for Americans Act (RSAA) would help lower income workers. pionline.com) How Baltimore became the overdose capital of America.

Financial Advising 262

Financial Advising Economy Education Media 262

Nerd's Eye View

OCTOBER 31, 2023

Read More.

Financial Advisor 246

Financial Advisor Estate Planning Clients Education 246

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 98

Taxes Planning Education Accounting 98

eMoney Advisor

JANUARY 31, 2023

A few years ago, I had a eureka moment that changed the way our firm approached client education. Launching a Client Education Series Now that we’ve been doing this for a few years, our process has become a well-oiled machine. When the pandemic hit, we continued to offer these events, but they became quarterly webinars.

Education 103

Education Financial Planning Clients Planning 103

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. Instead of paying dividends to shareholders, it is more tax efficient to lower fees of the funds held by their investors aka owners.

Financial Advisor 305

Financial Advisor Education Retail Management 305

Abnormal Returns

DECEMBER 5, 2022

advisorperspectives.com) IRAs Why asset location matters from a tax-perspective. investmentnews.com) Momentum is growing for financial literacy education in high schools. (wealthmanagement.com) Should you write your clients an annual letter? spilledcoffee.substack.com) How much should clients know about their adviser?

Financial Planner 246

Financial Planner Estate Planning Startup Communication 246

Nerd's Eye View

MAY 31, 2024

Going beyond FPA’s existing PlannerSearch tool, the narrowed-down list is meant to help consumers identify a focused subset of the most reputable planners.

Financial Planner 238

Financial Planner Ethics Taxes Financial Advisor 238

Nerd's Eye View

OCTOBER 23, 2024

Though in practice, while a 1% AUM fee is a common 'starting point' in the industry, the actual fee structure can vary based on the firm's approach; for example, some firms may reduce the fee for high-net-worth clients, or charge an additional fee for separate and additional services (from deeper financial planning to add-ons like tax preparation).

Clients 246

Clients Financial Advice Financial Planning Financial Advisor 246

eMoney Advisor

APRIL 4, 2023

Financial advisor client education can play a crucial role in providing the knowledge and life skills they’ll need to oversee and sustain their inherited wealth. By providing financial advisor client education, you’re not only improving the financial literacy of the next generation but also of your client. Sources: 1.

Education 97

Education Financial Advisor Clients Planning 97