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As a result, financialadvisors should start honing the services Gen X members will likely benefit from the most, including retirementplanning, estate and taxplanning and mortgage refinancing. They also make up the second biggest client base for financialadvisors after baby boomers.
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Congress has passed highly anticipated tax legislation, making 'permanent' (i.e.,
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Welcome to the 421st episode of the FinancialAdvisor Success Podcast ! Welcome everyone! My guest on today's podcast is Daniel Friedman. Daniel is the CEO of WMGNA, a hybrid advisory firm based in Farmington, Connecticut, that oversees approximately $270 million in assets under management for 200 client households. Read More.
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podcasts.apple.com) Daniel Crosby talks the racial wealth grap with Adam Tolliver who is a Partner FinancialAdvisor at Artisan Financial Strategies. advisorperspectives.com) A three-part approach to developing a 'statement of financial purpose.' kitces.com) What it means to be a great adviser to retired clients.
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A taxadvisor from Harness can help guide you through the tax-loss harvesting process, tailoring the strategy to your specific circumstances and goals. Get started Harness makes it easy to find tax and financialadvisors best suited to your needs. GET STARTED What are the benefits of tax-loss harvesting?
He has authored many articles that have appeared in prominent estate planning and taxation journals, magazines and newsletters, including Lawyer's Weekly, Trusts & Estates Magazine, Estate Planning Magazine, Journal of Taxation, Tax Management Estates, Gifts and Trusts Journal. located in Wellesley, Massachusetts.
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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. Many people end up paying taxes twice. In 2024 and 2025, the highest marginal tax rate is 37%. Yes and no.
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Example of a step-up in tax basis on stocks inherited at death What types of assets are eligible for a step-up? Non-retirement assets like stocks in a brokerage account, inherited home , antiques/art/collectables, or other real estate, are generally eligible for a step-up in cost basis.
Short-Term Rental Taxation: If a property is rented for seven days or less per stay, the IRS classifies the income as business income, subjecting it to self-employment taxes. Get started Harness makes it easy to find tax and financialadvisors best suited to your needs. This article is a product of Harness Tax LLC.
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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. This flip mechanism provides meaningful control over the timing of income, helping align the CRTs benefits with the donors financial and taxplanning goals.
I am a CFA® charterholder and financialadvisor marketing consultant. I have a newsletter in which I talk about financialadvisor lead generation topics which is best described as “fun and irreverent.” They’re not going to like me if I go out there and say I’m a financialadvisor for dentists.”
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