Nerd's Eye View

AUGUST 2, 2023

Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the process, including accessing tax credits that can significantly defray these expenses. At the same time, adoption can be expensive, with costs that can add up to $70,000 or more.

Taxes 214

Taxes Planning Financial Advisor Strategic Planning 214

Random Roger's Retirement Planning

APRIL 3, 2024

Looking at AQMIX on your statement kind of going nowhere for 10 years could be difficult but clearly a portfolio with the allocation in Portfolio 3 would have kept up just fine and if they had focused on the bottom line number and not the line items, it would not have been difficult.

Numbers 74

Numbers Portfolio Management Retirement 74

Nerd's Eye View

MARCH 20, 2023

But even as fee-only financial planning has gained in popularity and advisory firm websites have become ubiquitous, it can still sometimes be hard for prospective clients to determine how much they would pay for advice before actually reaching out to the firm. the complexity of the prospect’s financial situation).

Communication 229

Communication Planning Financial Planning Fee Only 229

Carson Wealth

MARCH 28, 2024

Retirement planning is a journey that generally takes decades to complete and most of us start out along the do-it-yourself path. More than likely, your first step was to enroll in an employer-provided plan such as a 401(k) or setting up an individual retirement account, also known as an IRA.

Retirement Planning 142

Retirement Planning Retirement Planning Taxes 142

Nerd's Eye View

APRIL 24, 2023

But by focusing on advice engagement strategies and encouraging clients to become more engaged in the planning process, advisors can help clients become more motivated to take action, which will ultimately serve to improve their planning outcomes. Read More.

Financial Planning 207

Financial Planning Clients Planning Education 207

MazumaBusinessAccounting

JULY 29, 2021

It’s also easy to ignore financial reports when we don’t know how to translate the numbers on the report into key insights about the health and value of our business. But what do we do with those sales numbers after we see the reports? That’s why the next numbers are important to evaluate as well. Net Profit.

Numbers 98

Numbers Taxes Sales Accounting 98

Nerd's Eye View

NOVEMBER 14, 2023

What's unique about Eric, though, is how he leverages a custom-built financial planning assessment he calls their Financial Prosperity Index, which he gives to both prospective and ongoing current clients so that they can better understand their financial health, target the financial planning domains where clients need the most help, and even more (..)

Financial Planning 187

Financial Planning Clients Planning Financial Advisor 187

Nerd's Eye View

SEPTEMBER 21, 2022

But Dave Ramsey's huge following in the general public – and the number of people who testify that his methods have helped them make progress towards their financial goals – suggests that there is clearly something in his approach that resonates with many people.

Financial Planning 235

Financial Planning Planning Financial Advice Clients 235

Random Roger's Retirement Planning

OCTOBER 15, 2022

It is worth repeating that having some number in mind for portfolio size for when you retire based on some realistic work involving how much you make and how much you spend certainly makes sense but that number is no longer relevant once you retire. That might be the outcome but I don't want to build that as my plan.

Numbers 57

Numbers Retirement Retirement Planning Portfolio 57

MainStreet Financial Planning

MARCH 2, 2023

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 3-21-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting, Free to ongoing clients; $10 for guests Register here! Our guest commentator Caroleen Verly is the founder of Untangle Your Money.

Planning 98

Planning Financial Planning CFP Clients 98

Nerd's Eye View

JANUARY 29, 2024

One possible way to do this is to use the time savings of technology to serve a higher number of clients. However, another approach advisors can take is to use their technology to do more – and better – work for the same number of clients while earning higher fees for the higher-value services they provide. Read More.

Clients 201

Clients Planning Numbers Financial Advisor 201

Abnormal Returns

MAY 20, 2024

riabiz.com) The biz Creative Planning is not lacking for capital to do additional deals. advisorperspectives.com) Advisers Job number one for advisers: reduce client stress. (open.spotify.com) Leadership Vanguard has a new CEO, and its sooner than anticipated. riabiz.com) Bernie Clark is stepping aside as head of Schwab's RIA business.

Financial Planner 229

Financial Planner Wealth Management Retirement Clients 229

MazumaBusinessAccounting

MARCH 9, 2023

It’s also easy to ignore financial reports when we don’t know how to translate the numbers on the report into key insights about the health and value of our business. But what do we do with those sales numbers after we see the reports? That’s why the next numbers are important to evaluate as well.

Numbers 52

Numbers Taxes Sales Accounting 52

Nerd's Eye View

AUGUST 10, 2022

When financial planning clients think about their future, they might imagine a relaxing retirement, world travel, or other pleasant experiences. What they’re probably not considering is their own death, even though everyone’s time remaining on Earth is finite (even if the number of years they have left is unknowable).

Clients 166

Clients Planning Management Financial Planning 166

Ballast Advisors

AUGUST 16, 2023

The IRS recently released the 2024 contribution limits for health savings accounts (HSAs), as well as the 2024 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). Typically, you will pay much lower premiums with an HDHP than you would with a traditional health plan such as an HMO orPPO.

Accounting 52

Accounting Numbers Medical Taxes 52

Abnormal Returns

APRIL 10, 2024

humansvsretirement.com) Estate planning Why you should update your estate plans periodically. obliviousinvestor.com) Estate planning should most importantly include talking about it. etf.com) We spend money for any number of reasons including 'To honor earlier generations.' That doesn't mean they are easy to hold.

Estate Planning 208

Estate Planning Retirement Planning Retirement Taxes 208

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

Financial Planner 215

Financial Planner Commission Financial Advisor Communication 215

Carson Wealth

FEBRUARY 29, 2024

It’s a simple, human act – one that seems like it shouldn’t take too much planning to do it correctly. What do you need to consider about gifting as it relates to your overall estate plan? Let’s take a closer look at estate and gift taxes and how you can approach them with a financial planning mindset. Taxes on Giving???

Taxes 96

Taxes Financial Planning Planning Estate Planning 96

MainStreet Financial Planning

APRIL 26, 2023

So being the lifelong learner that I am I decided to have a conversation about cash flow planning with Caroleen Verly of Untangle Your Money. examples: Mint.com, YNAB, Tiller) First, know how much you have to spend then build the plan for where you want it to go. I hope this post inspires you to work on your spending plan!

Planning 98

Planning Accounting Budgeting Banking 98

Abnormal Returns

FEBRUARY 21, 2024

(youtube.com) Retirement Why planning in retirement is so challenging. morningstar.com) People work in retirement for any number of reasons. nytimes.com) Planning The building blocks of personal finance apply to everyone. wsj.com) An increasing number of retirees feel 'trapped' in their Medicare Advantage plans.

Retirement 213

Retirement Retirement Planning Portfolio Management Financial Advisor 213

Ballast Advisors

OCTOBER 6, 2023

2022 Key Numbers Plan Your Finances as You Would Your Exercise 2021 Year-End Tax Tips 1 2 3 Next » Claim the Home Energy Audit Tax Credit: IRS Guidance Explained 7 Tips to Navigate Healthcare Over 65 What’s Happening in the World of Higher Education?

Financial Planning 52

Financial Planning Planning Financial Planner Healthcare 52

MainStreet Financial Planning

JANUARY 31, 2024

MainStreet Financial Planning , Inc. We want to make it unequivocally clear that MainStreet Financial Planning, Inc is not associated with this debt consolidation agency in any way. Please also note that the name of our financial planning firm is spelled differently. We don’t offer any advice or services for debt consolidation.

Financial Planning 52

Financial Planning Planning Tax Planning Commission 52

Don Connelly & Associates

MAY 15, 2023

Beyond offering the technical expertise to help clients navigate the complex realm of financial planning, the most valuable service financial advisors bring to the table is helping them align the use of their resources with the things that are most important to them. The post Goal Setting: Not Just About the Numbers.

Numbers 52

Numbers Financial Planning Financial Advisor Clients 52

Nerd's Eye View

MAY 3, 2024

At the same time, the study found that potential breakaway brokers view the operational and compliance requirements of transitioning to and doing business as an RIA as a major concern, which could lead some of them to either leverage the growing number of service providers available to RIAs, or perhaps join an existing corporate RIA platform to take (..)

Financial Planner 189

Financial Planner Healthcare Retirement Financial Advisor 189

MarketWatch

MARCH 29, 2023

Seagate Technology Holdings PLC STX disclosed Wednesday that it is increasing the number of employees being laid off by 480, or 1% of its workforce. The maker of data-storage technologies had said in October that it planned to cut about 3,000 jobs, or 8% of its staff.

Numbers 73

Numbers Economics Planning Marketing 73

Your Richest Life

APRIL 15, 2024

Do you have a plan in place for your retirement? For many people, the extent of their retirement planning includes signing up for the plan at work – which is often more of a starting point than a comprehensive retirement plan. Some 457 plans can allow for Roth contributions and in-plan rollovers.

Retirement Planning 52

Retirement Planning Retirement Planning Taxes 52

Nerd's Eye View

MAY 31, 2023

Ultimately, for a subset of taxpayers – namely high-income owners of pass-through businesses in high-tax states, who preferably only do business in 1 or a small number of states to reduce the overall complexity – PTETs can provide an opportunity for significant Federal tax savings.

Taxes 216

Taxes Planning Tax Planning Numbers 216

The Better Letter

APRIL 6, 2023

Realistic Retirement Planning My children have consistently (and kindly) remarked about how grateful they are to have been able to graduate (with honors) from fine universities without any debt. Our retirement planning took a hit to do so. Much retirement planning advice focuses on saving more and saving earlier.

Retirement Planning 100

Retirement Planning Retirement Planning Nonprofit 100

Wealth Management

FEBRUARY 13, 2023

The first step in formulating an exit plan isn’t focusing on “the numbers,” but rather evaluating where a client actually is in relationship to their expectations.

Clients 77

Clients Planning Numbers 77

Nerd's Eye View

DECEMBER 22, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Envestnet has published research highlighting a number of key trends that they believe will shape the growth of the advisory industry in 2024 and beyond, which reflect at a high level advisors' ongoing shift towards providing (..)

Financial Planner 218

Financial Planner Fee Only Tax Planning Retirement 218

Nerd's Eye View

MAY 17, 2024

Also in industry news this week: The SEC this week announced a proposed rule that would require RIAs to collect and verify their clients' personal information in an effort to prevent illicit activity, though many firms likely are taking many of these steps already Why larger RIAs and those that have been acquired tend to have worse client and staff (..)

Financial Planner 158

Financial Planner Wealth Management Retirement Investment Planning 158

Nerd's Eye View

MAY 10, 2024

could save retirement plan participants $55 billion over the next 10 years (due to an expectation of more low-cost fees being offered in plans) and those rolling over workplace plans into IRAs to purchase annuities another $32.5 billion (thanks to expected reductions in commissions and the embedded costs in these annuities).

Financial Planner 205

Financial Planner Retirement Planning Retirement Valuation 205

Carson Wealth

SEPTEMBER 27, 2023

But life insurance can benefit your financial planning in many other ways. For individuals, a permanent life insurance plan can play a key role in estate planning by helping reduce estate taxes. 4 Life insurance can also play a role in estate planning as you develop your charitable giving plans. million ($25.84

Estate Planning 96

Estate Planning Insurance Planning Taxes 96

Nerd's Eye View

APRIL 1, 2024

Vanilla announced a new Scenarios tool to facilitate advisors working with ultra-HNW clients that need to model various four-letter estate planning strategies (e.g., Vanilla announced a new Scenarios tool to facilitate advisors working with ultra-HNW clients that need to model various four-letter estate planning strategies (e.g.,

Estate Planning 168

Estate Planning Financial Advisor Clients Startup 168

James Hendries

AUGUST 10, 2022

The IRS has released the 2023 contribution limits for health savings accounts (HSAs), as well as the 2023 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). Contributions and any earnings you withdraw will be tax-free if used to pay qualified medical Here are the key tax numbers for 2022 and 2023.

Accounting 52

Accounting Numbers Taxes Tax Planning 52

MarketWatch

APRIL 20, 2023

Amazon.com’s AMZN Whole Foods is planning to cut “several hundred” corporate jobs, The Wall Street Journal reported Thursday, citing a memo it viewed. The grocer also plans to reorganize its corporate structure “to simplify operations,” including cutting down its number of operational regions, the report said.

Food 75

Food Planning Distribution Numbers 75

Nerd's Eye View

NOVEMBER 3, 2023

Among other measures, the proposal would amend the current 5-part test that determines fiduciary status for retirement accounts by defining as a fiduciary act a one-time recommendation to roll funds from a company retirement plan to an Individual Retirement Account (IRA), strengthen advice standards for independent insurance professionals, apply to (..)

Financial Planner 217

Financial Planner Retirement Planning Retirement Insurance 217