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Cerulli: Gen X Presents the Next Great Opportunity for Financial Advisors

Wealth Management

As a result, financial advisors should start honing the services Gen X members will likely benefit from the most, including retirement planning, estate and tax planning and mortgage refinancing. trillion annually over the next decade as part of the great wealth transfer, a new report finds. trillion annually.

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It’s Crunch Time For Many Policyholders

Wealth Management

Whether clients support the policies with cash gifts or split-dollar, the discussion of options will necessarily involve a combination of insurance planning, tax planning, income and gift tax-oriented wealth transfer planning and investment planning. Charles L. Ratner Charles L. See more from Charles L.

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Financial Check Engine Light: How to Know When It’s Time to Revisit Your Plan

Tobias Financial

These events may affect your investment approach, tax planning strategies, insurance needs, and estate planning documents. Without periodic evaluations, it’s possible for parts of your plan to become misaligned with your current circumstances. It is for information and planning purposes only.

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All the Tax Benefits You Need for Your Small Business

Harness Wealth

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. Partner with Harness for top-tier advisory services in financial, tax, and estate planning.

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Reversing a Roth IRA Conversion

Harness Wealth

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?

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A Guide to the Key Tax Changes for 2025

Harness Wealth

For corporations, Trumps proposal includes a corporate tax rate reduction from 21% to 20%, with an additional cut to 15% for companies engaged in manufacturing in the U.S. This initiative aims to provide more tax relief to U.S.-based based corporations, encouraging domestic production and job creation.

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What Is A Charitable Remainder Trust?

Zajac Group

But for those interested in charitable giving, there may be a way to address the tax concerns associated with highly appreciated assets and give meaningfully over time. The charitable trust, in turn, can sell the shares and reinvest the full proceeds without incurring capital gains tax.