Nerd's Eye View

FEBRUARY 8, 2023

government is the largest employer in the country, it can be especially helpful for advisors to be familiar with the ins and outs of (and recent changes to) the Federal government’s own defined contribution plan: the Thrift Savings Plan (TSP). But given that the U.S. While many features of the TSP (e.g.,

Planning 243

Planning Retirement Retirement Planning Government 243

Carson Wealth

JULY 3, 2024

Set up separate plans and goals for your business and your personal finances. It helps you plan for future expenses, allocate resources efficiently and stay on track with your financial goals. Identifying these risks early and having a plan to mitigate them can save your business from significant setbacks.

Financial Planning 142

Financial Planning Planning Retirement Planning Tax Planning 142

Nerd's Eye View

OCTOBER 23, 2023

Though, at some point, covering a large number of financial planning topics can eat into an advisor's time, which is problematic if clients won't pay substantially more to receive that more comprehensive advice.

Financial Planning 246

Financial Planning Planning Clients Financial Planner 246

Carson Wealth

MARCH 7, 2024

By Jake Anderson, CFP ® , Wealth Planner When helping clients begin retirement planning, the same questions often arise: What should my retirement plan look like? Your lifestyle, goals, family situation, and risk tolerance will give a unique signature to your retirement plan. Looking for personalized retirement planning advice?

Retirement Planning 143

Retirement Planning Retirement Planning Risk Tolerance 143

The Chicago Financial Planner

NOVEMBER 27, 2022

One of the best tax deductions for a small business owner is funding a retirement plan. If you don’t plan for your own retirement who will? Two popular small business retirement plans are the SEP-IRA and Solo 401(k). I generally consider this a plan for the self-employed. You need to start a retirement plan today.

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

Nerd's Eye View

JULY 27, 2022

Financial planning is both an art and a science. While an advisor needs technical financial planning knowledge to create and implement plans for clients, soft skills that involve effective communication and relationship building are also crucial to both relate to prospects and clients and to understand their needs. Read More.

Financial Planning 233

Financial Planning Planning Clients Retirement 233

Nerd's Eye View

JULY 27, 2022

Financial planning is both an art and a science. While an advisor needs technical financial planning knowledge to create and implement plans for clients, soft skills that involve effective communication and relationship building are also crucial to both relate to prospects and clients and to understand their needs. Read More.

Financial Planning 226

Financial Planning Planning Clients Retirement 226

Nerd's Eye View

JUNE 11, 2024

In this episode, we talk in-depth about how Mark created a structured process to serve clients under the hourly model, including segmenting client engagements into 5 "levels" based on the complexity of their needs to match them with the right advisor, how Mark's firm uses those levels to provide accurate quotes for how many hours it will take to meet (..)

Planning 215

Planning Financial Advisor Financial Counseling Clients 215

Nerd's Eye View

SEPTEMBER 11, 2023

annual plan reviews) to their current clients, they will continue to prospect and onboard new clients as well. a client service associate to handle various administrative and client communication tasks, or a paraplanner or associate advisor to work on more planning-centric issues such as building out drafts of financial plans).

Financial Planning 215

Financial Planning Planning Recruitment Clients 215

Nerd's Eye View

NOVEMBER 29, 2023

The traditional way that most financial planning has been offered was for an advisor to create "The Plan": a comprehensive document outlining a client's financial strategy that was delivered either on a one-time basis or updated annually.

Planning 220

Planning Financial Planning Communication Clients 220

MainStreet Financial Planning

MAY 10, 2024

Looking ahead and planning is the best way to preserve your sense of autonomy, choice, and life satisfaction before the unexpected happens and your health declines. Planning Areas for Solo Agers Financial Concerns – What is your plan for making financial decisions and managing your cash flow and investments?

Planning 98

Planning Estate Planning Healthcare Medical 98

Nerd's Eye View

APRIL 5, 2023

In recent years, the Internal Revenue Code (IRC) has endured some drastic changes resulting from legislative action that have altered the strategies estate planning professionals have recommended to clients. For instance, prior to the 2017 Tax Cuts and Jobs Act (TCJA), "A/B trusts" had become ubiquitous for spousal estate tax planning.

Estate Planning 230

Estate Planning Planning Taxes Clients 230

Nerd's Eye View

AUGUST 24, 2023

However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.

Retirement 223

Retirement Planning Retirement Planning Financial Advisor 223

Nerd's Eye View

SEPTEMBER 20, 2023

30 years ago, when financial plans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financial advisors began acknowledging and accounting for the variable and uncertain nature of investment returns. Read More.

Retirement 217

Retirement Planning Financial Planning Risk Tolerance 217

MainStreet Financial Planning

JULY 11, 2024

In this article, we will explore three popular savings and investment options: 529 Plans, Roth IRAs, and Real Estate. 529 Plans 529 Plans are specialized savings accounts designed to help families save for future education costs. State tax benefits: Many states offer tax deductions or credits for contributions to a 529 Plan.

Planning 98

Planning Risk Tolerance Investing Investments 98

MainStreet Financial Planning

JUNE 28, 2024

When creating a college plan, it is a good idea to include grandparents early in the planning process. The lack of communication leaves uncertainty and a missed opportunity to potentially reduce the cost of college and have a solid college plan. There are no restrictions on who can contribute to a 529 plan.

Planning 72

Planning Math Accounting Education 72

Wealth Management

APRIL 9, 2024

Adopting an adaptive approach to retirement planning acknowledges the dynamic nature of spending patterns and emphasizes flexibility in financial strategies.

Retirement Planning 120

Retirement Planning Retirement Planning 120

MainStreet Financial Planning

JULY 11, 2024

While 529 college savings plans are a popular choice for many families, there are several other options worth considering. Let’s explore how 529 plans compare to Coverdell Education Savings Accounts (ESAs), pre-paid tuition plans, custodial accounts, and taxable investment accounts.

Accounting 52

Accounting Planning Investing Investments 52

Carson Wealth

MAY 23, 2024

One of the most important decisions you’ll make when designing your estate plan is who to name in the various fiduciary roles: trustee, personal representative, executor and agent. The post Choosing the Right Trustee for Your Estate Plan appeared first on Carson Wealth.

Estate Planning 119

Estate Planning Planning Distribution Valuation 119

XY Planning Network

JULY 8, 2024

For these situations where rules of thumb and back-of-the-napkin advice won't suffice, more comprehensive and detailed projections are still preferred, and traditional financial planning software is often the advisor's most effective tool. So, which planning software should you use? Let's take a look!

Financial Planning 90

Financial Planning Planning Financial Advice Clients 90

Wealth Management

JULY 16, 2024

Some 64% of advisory firms have no plans to develop or use client-facing artificial intelligence, yet 46% said it was a chief compliance concern, according to the ACA Group's latest survey.

Planning 116

Planning Compliance Clients 116

Advisor Perspectives

JUNE 3, 2024

In this article, I provide a basic framework for understanding and developing a lifelong plan for a person with disabilities. I’ll introduce matters as they relate to establishing a well thought out and comprehensive plan that ties together life, public benefit, and resource planning as well as financial and legal planning.

Planning 75

Planning 75

Truemind Capital

APRIL 12, 2024

Do you know that direct plans of mutual funds offer much higher returns than regular plans, more than the difference in their expense ratio? Every mutual fund scheme has two plans to offer – Regular & Direct. Both plans have the same fund manager and the same portfolio. To know better, read it till the end.

Planning 105

Planning Commission Management Investing 105

Carson Wealth

APRIL 25, 2024

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being. Let’s break each one down.

Financial Planning 97

Financial Planning Planning Retirement Insurance Coverage 97

Integrity Financial Planning

OCTOBER 23, 2023

Estate planning can be difficult to think about, let alone plan for. Maybe you’ve avoided putting together a concrete plan because you don’t want to think too far into the future when it’s time to pass on what you have. Or maybe you don’t think an estate plan is necessary because you’re not rich enough to warrant one.

Estate Planning 93

Estate Planning Planning Distribution Financial Planning 93

Wealth Management

JUNE 12, 2024

Trust & Will's Andrew Mazabel discusses what's at stake for advisors that don't offer estate planning as a service.

Estate Planning 96

Estate Planning Planning 96

Wealth Management

JULY 15, 2024

With the estate tax exemption sunset looming, the time to begin planning is now.

Estate Planning 103

Estate Planning Planning Taxes 103

MainStreet Financial Planning

FEBRUARY 1, 2024

During recent conversations, I’ve come across several people unfamiliar with the concept of fee-only financial planning, let alone considering it as a feasible choice. To shed light on this, I want to articulate the distinctive approach we use at MainStreet Financial Planning.

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Financial Advice Planning Fee Only Financial Planning 98

Trade Brains

JUNE 2, 2024

Initially the plant will have a capacity to produce 6GWh by 2025 and they are planning to expand its capacity by 12GWh. They plan to provide customizable module solutions and joint product development with customers. The post Exide Industries: Energizing the Future with Strategic Expansion plans appeared first on Trade Brains.

Planning 104

Planning Manufacturing Sales Portfolio 104

Carson Wealth

DECEMBER 8, 2023

Petersen, CPA, CFP ® , CP, Affluent Wealth Planning The holidays are upon us! That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. Lastly, I allocate the retirement plan contributions between Roth and Traditional 401(k) accounts.

Planning 143

Planning Retirement Planning Taxes Insurance 143

Wealth Management

JULY 12, 2024

Caribou's Christine Simone details how healthcare planning can differentiate advisors.

Healthcare 106

Healthcare Planning 106

Wealth Management

MAY 1, 2024

While corporate pension plans have adopted alternative investment options, such as private equity and credit, 401(k) plan managers face big obstacles to accessing the space, Cerulli survey shows.

Planning 111

Planning Management Investing Investments 111

Carson Wealth

JULY 11, 2024

Financial planning for a small business gets more complicated every day. Business owners must navigate tax efficiency (and life under the new Tax Cuts and Jobs Act), retirement preparations for yourself and your employees, and succession planning.

Financial Planning 72

Financial Planning Retirement Taxes Planning 72

Wealth Management

FEBRUARY 14, 2024

FP Alpha is transforming financial planning with AI-driven automation and scenario modeling, making advanced planning accessible and efficient for advisors and their clients.

Planning 84

Planning Insurance Taxes Financial Planning 84