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(citywire.com) The latest in advisor fintech news including saturation in the portfolio management tech space. kitces.com) EstateplanningEstateplans are a big lift for everyone, including advisers themselves. kindnessfp.com) Why clients need to organize their digital assets for estateplanning purposes.
Full transcript below. ~~~ About this week’s guest: Christine Benz is Director of Personal Finance & RetirementPlanning at Morningstar; her new book is “ How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement. ” She is the Director of Personal Finance and RetirementPlanning at Morningstar.
2025 Observations in Retirement and EstatePlanning Trend Insight Increased Use of Roth Conversions More high-net-worth individuals are adopting Roth conversion strategies as part of long-term tax planning—not to time the market, but to shift assets into tax-advantaged accounts over time, especially ahead of potential future tax increases.
Review Investment Allocations Markets evolve, and so should your portfolio. Update EstatePlans If you have kids, own a business, or just want to make life easier for loved ones, make sure your will, trusts, and beneficiary designations are up to date. A little planning now avoids big headaches later. Absolutely.
They help you build and manage diversified portfolios aligned with your risk tolerance and time horizon, potentially preventing costly mistakes that self-directed investors might make. RetirementPlanningRetirementplanning is one area where talking to a financial planner proves particularly worthwhile.
Unexpected events can derail your progress toward your goals and even your financial security if you don’t have a plan for managing them. Financial planning should ideally involve every area of your financial life because they are all interrelated. Estateplanning. Create an estateplan.
Fee-Only, Flat-Fee Financial Planners: Transparent, Unbiased, and Cost-Effective A fee-only financial planner charges a fixed fee for financial planning services, regardless of the size of your portfolio. Unlike AUM-based advisors, they do not earn commissions or take a percentage of your investments.
Whether it’s investment planning, retirementplanning, tax strategy, estate management, insurance planning, or holistic money management, the CFP designation proves that you can deliver advice that is both competent and client-centric.
Published: March 21st, 2025 Reading Time: 6 minutes Written by: The Zoe Team Managing wealth involves more than just investingit requires careful planning, strategic decision-making, and a long-term vision. EstatePlanning : Ensuring your wealth is passed on according to your wishes. Optimizing tax-efficient retirement income.
The fundamentals of Roth and traditional IRAs Traditional IRAs have long served as a cornerstone of retirementplanning, offering immediate tax benefits through deductible contributions while deferring taxes until withdrawal. This flexibility becomes increasingly valuable as your retirementportfolio grows more complex.
Or are you focusing on older people who are concerned about estateplanning for retirement or retirement income planning? RetirementPlanning: Give tips on how to save for retirement. Explain how to manage your retirement funds and pay for healthcare. Who do you want to reach?
Reading this with my clients in mind, I saw opportunities to integrate some of Perkins’ ideas into their plans. For instance, creating a “life experiences fund” as part of retirementplanning could be a game-changer for those who fear outliving their money but still want to live richly now. Submit a form.
And as 2024 draws to a close, we wanted to highlight 24 of the most popular and insightful articles that were featured throughout the year (that you might have missed!).
A financial professional can handle the day-to-day tasks of financial management, such as investment research, portfolio rebalancing, and tax planning, allowing you to enjoy greater efficiency and peace of mind. Comprehensive Financial Planning: Financial planning is a holistic process. It also includes estateplanning.
Retirementportfolios are typically divided into three broad categories based on their tax characteristics: Taxed Pre-tax Post-tax Before reviewing the specifics of each category, remember that this blog is intended for informational purposes only and is not a substitute for personalized financial advice.
In your early to mid-30s, your 401(k) portfolio can lean heavily toward equities. However, as you approach your late 30s, say 38 or 39, you may consider thinking about portfolio diversification. A personalized retirementplan can help account for inflation, market volatility, and your shorter time horizon.
The post Strategic RetirementPlanning 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.
This means you should try to create specific buckets for your portfolio where youre matching future expenses and liabilities to specific corresponding assets. That way weve got most of our time horizons covered in a specifically structured financial plan and asset allocation. Prune the fat in your portfolio. IGNORE ALL OF THEM.
The Top 1% Dont Hope for GrowthThey Plan for It The most successful advisors treat client acquisition like a diversified investment portfolio. Estateplanning attorneys can be strong allies. You cant scale your business hoping the phone will ring. Growth requires intention. Targeting women in transition?
Do you specialize in retirementplanning for small business owners? You might have a webinar about planning for retirement, easy investments for beginners, or key estateplanning tips. Financial advisors can use videos in different parts of financial planning. Being open is very important.
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 retirementplanning tips can help you build the financial foundation you need for the next chapter of your life.
(morningstar.com) Dan Haylett talks with Eric Brotman, who is the founder and CEO of BFG Financial Advisors, about retirement as 'graduation.' humansvsretirement.com) Estateplanning Why you should update your estateplans periodically. wsj.com) Retirement Some reasons to go back to work after retiring.
investmentnews.com) On the importance of tax planning in the first few years of retirement. barrons.com) When should you move from a diversified ETF portfolio to direct indexing? papers.ssrn.com) Four steps to create a digital estateplan. alphaarchitect.com) Charitable giving A (big) primer on charitable giving.
Welcome to the October 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
Help her focus on immediate needs, pay bills, monitor cash flow and review her investment portfolio. This is the time to do comprehensive financial planning: retirementplanning, investment planning, tax planning and estateplanning.
One way financial advisors can add value for retiring clients is to estimate how much they can spend sustainably during their retirement years without depleting their investment portfolio. to cover retirement income needs before claiming Social Security benefits). Read More.
Attorneys play a critical role in the financial planning process, particularly in estateplanning. In financial services, you might encounter an LLM in tax or estateplanning. . Broad Based Financial Planning Designations. Retirement. CRPC ® – Chartered RetirementPlanning Counselor.
This advanced language processing technology has also greatly impacted the financial advisory sector, prompting a critical question: Can ChatGPT replace human financial advisors in retirementplanning? Personalized guidance, empathy, and a deep contextual understanding are integral to effective retirementplanning.
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 retirementplanning, the concept of Net Unrealized Appreciation (NUA) holds significant importance. The remaining assets may be rolled over.
This data can serve as a baseline for tailoring your retirementplan, taking into account factors such as inflation, your current age, and your desired retirement age. This streamlined process eliminates the need for manual contributions, making saving for retirement efficient and hassle-free.
It’s also important to implement other parts of your plan, such as ways to reduce tax from the sale, estateplanning, charitable giving, and other goals. Financial planning and investing the proceeds from a business sale Any time you’re investing a lump sum in the market, there’s a lot to consider.
The simple answer is that the short-term movements of the stock market should be irrelevant to your financial plan assuming you have a well constructed temporally diversified portfolio. If the current market environment makes you feel uneasy then you might have a portfolio imbalance that needs revisiting.
Blind spots in retirementplanning are those aspects that are often overlooked, either intentionally or subconsciously. From seemingly harmless low-interest debt to underestimating the emotional impact of transitioning out of the workforce, various factors can disrupt your peace of mind during your retirement years.
Long-term goals typically encompass retirementplanning, wealth preservation and estateplanning. They are well-versed in various aspects of financial planning, including investments, retirementplanning, estateplanning and tax management.
Plan wisely for your retirement. Retirementplanning is essential for everyone, but it is especially crucial if you manage your finances independently. So, if you decide on DIY financial planning, devise strategies to save and invest money for your retirement.
Earning the CFP designation requires a rigorous course of study covering investment planning, income taxation, retirementplanning and risk management. A Person who completes the CFP course is qualified to provide financial planning services to those with a high degree of financial responsibility.
Long-term goals typically encompass retirementplanning, wealth preservation and estateplanning. They are well-versed in various aspects of financial planning, including investments, retirementplanning, estateplanning and tax management.
Business owners may be able to accelerate tax-deferred savings even more through different retirementplan structures. Asset location means utilizing the tax treatment of different investment accounts to your advantage when investing across your portfolio.
Published: March 21st, 2025 Reading Time: 6 minutes Written by: The Zoe Team Managing wealth involves more than just investingit requires careful planning, strategic decision-making, and a long-term vision. EstatePlanning : Ensuring your wealth is passed on according to your wishes. Optimizing tax-efficient retirement income.
This fee structure is common in the financial advisory industry and varies based on the size of the client’s portfolio. If the financial advisor consistently delivers impressive returns, aids in achieving primary financial goals, or offers extensive financial planning services, the 1% fee may be well-justified.
We’re going to talk about how he provides high value as an hourly financial advisor by saving investors from the “Humpty Dumpty portfolio” and the lessons other advisors can learn about serving clients with simplicity, transparency, and integrity, whether they choose to adopt the hourly fee model or not.
It details your current money situation, as well as your financial system, including things like investing, saving, retirement, and estateplans. So what is a financial plan in simple terms? A debt pay-off and spending plan (using your budget). Retirement savings. A diversified portfolio of investments.
.” I’ve heard iterations of this: I’m a CPA and financial advisor, and my best tax return client just hired someone else to do their retirementplanning. My client’s estateplanning attorney said they should hire a fee-only advisor to manage their assets, and then they asked me if I charge fees or commissions.
Good organizational skills to manage multiple clients and their portfolios. Excellent analytical and problem-solving skills to help clients achieve their financial goals. In-depth knowledge of financial markets and investment products. Strong networking skills to build relationships with clients, colleagues, and industry professionals.
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