WiserAdvisor

JULY 27, 2023

This advanced language processing technology has also greatly impacted the financial advisory sector, prompting a critical question: Can ChatGPT replace human financial advisors in retirement planning? Personalized guidance, empathy, and a deep contextual understanding are integral to effective retirement planning.

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Nerd's Eye View

JANUARY 31, 2024

In late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, introducing several significant changes to retirement planning. This shift has led financial advisors to explore new strategies for mitigating the resulting tax-planning challenges.

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Nerd's Eye View

SEPTEMBER 29, 2022

As a result, the list of states where a typical (or even higher-income) retiree would pay very little or even zero tax might be much larger than what might be assumed based on the top marginal rates alone. Every state in the U.S.,

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Nerd's Eye View

NOVEMBER 1, 2023

There are many tax planning strategies that allow financial advisors to demonstrate the ongoing value they provide to clients in exchange for the fees they charge. Part of this value is understanding the detailed nuances that make a strategy effective and implementing it correctly, avoiding issues with the IRS down the line.

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Nerd's Eye View

DECEMBER 25, 2023

And as 2023 draws to a close, we wanted to highlight 25 of the most popular and insightful articles that were featured throughout the year (that you might have missed!).

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Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

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Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade. Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

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Integrity Financial Planning

AUGUST 21, 2023

While setting up and maintaining a 401(k) plan can be more intricate, it allows for greater contribution limits and provides employers with increased autonomy in determining if and how they wish to contribute to employee accounts. [8] As you can see, retirement planning for a small business is a complicated issue.

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Fortune Financial

FEBRUARY 4, 2024

With our deep expertise and qualifications in NUA strategies, our experts are adept at navigating the complexities of tax-efficient retirement planning. Explore the Fortune Financial advantage in transforming how you manage your retirement assets and bringing you closer to achieving your financial dreams.

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Retirement Retirement Planning Distribution Taxes 59

Yardley Wealth Management

MAY 30, 2023

Retirement Planning: A fiduciary and fee-only advisor can help you create a retirement plan that takes into account your retirement objectives and current financial situation. Tax Planning: A fiduciary, fee-only advisor can advise on tax planning , reducing liability and maximizing returns.

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Fortune Financial

APRIL 11, 2024

According to the Department of Labor , “Based on the experience of Council members, and testimony and conversations with recordkeepers, the value of uncashed retirement plan checks likely exceeds $100 million per year but could be considerably larger. And, it will change your approach to meeting your financial goals.

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Nationwide Financial

JANUARY 25, 2023

Last year’s considerable losses and market fluctuations underscore the need for clients to assess their retirement plans to ensure it aligns with their objectives, financial situations, timelines, and attitudes toward market volatility. You can help them start the year right by conducting a retirement checkup.

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Fortune Financial

JULY 28, 2022

You cannot sell the securities within the retirement plan, then move cash to a brokerage account and purchase the same shares at that point. While within a taxable brokerage account, both dividends and capital gains generally receive favorable tax treatment. This would negate the NUA benefit.

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Integrity Financial Planning

NOVEMBER 1, 2022

It doesn’t factor in your healthcare coverage situation, it isn’t designed to avoid the 3 strikes of tax planning , and it doesn’t account for the location and liquidity of your wealth and savings. There are many moving parts to a retirement plan that must be considered if your goal is to make the most of your savings.

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Darrow Wealth Management

JANUARY 30, 2023

just upended retirement planning…again. The age when retirees must begin drawing from non-Roth retirement accounts increases to 73 in 2023, then 75 in 2033. Raising the age when withdrawals must begin is great as it gives investors more planning opportunities. The Secure Act 2.0

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Nerd's Eye View

SEPTEMBER 6, 2022

Read More.

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Fortune Financial

SEPTEMBER 25, 2023

Long-term goals typically encompass retirement planning, wealth preservation and estate planning. Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning.

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Million Dollar Round Table (MDRT)

JULY 21, 2022

This is the time to do comprehensive financial planning: retirement planning, investment planning, tax planning and estate planning. Help her focus on immediate needs, pay bills, monitor cash flow and review her investment portfolio.

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Fortune Financial

SEPTEMBER 25, 2023

Long-term goals typically encompass retirement planning, wealth preservation and estate planning. Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning.

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Darrow Wealth Management

NOVEMBER 2, 2023

The IRS has released the 2024 contribution limits for retirement plans and other cost-of-living adjustments.

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International College of Financial Planning

JANUARY 18, 2023

Arun Thukral, New CFP Framework is different from other financial courses as it focuses on the practical aspects of financial planning. CFP course covers topics such as investment planning, retirement planning, estate planning, and tax planning.

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Integrity Financial Planning

JULY 17, 2023

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning.

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Darrow Wealth Management

NOVEMBER 17, 2022

Further, both examples ignore other sources of income, such as wages, pre-tax retirement account distributions, dividends, etc., that could increase the tax due from the surtax. Considering tax planning strategies to reduce the impact of the new MA surtax. But for others, there might be some strategies to consider.

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MainStreet Financial Planning

DECEMBER 8, 2022

Note: If this retirement account is a Qualified Retirement Plan (QRP), such as 401k, TSP, 403b, etc., Please contact your plan administrator for more details. We suggest that you seek the advice of your Advisor or a tax-planning professional to discuss your calculation and the tax implications of any distribution.

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Park Place Financial

MARCH 16, 2022

At Park Place Financial, we help HNWIs navigate various aspects of the estate planning process, from the drafting of wills and trusts to the assigning of health care proxies and durable powers of attorney. Income Tax Planning. As HNWIs have higher incomes, they also have increased taxes. Retirement Planning.

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Tobias Financial

JANUARY 20, 2023

Our Wealth Advisor, Franklin “Franko” Gay , is passionate about helping others achieve their personal goals by utilizing strategic financial and tax planning in their day-to-day lives. The post Nearing Retirement and Falling Behind in Savings appeared first on www.tobiasfinancial.com.

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WiserAdvisor

AUGUST 3, 2023

A reputable financial advisor should provide a comprehensive range of services, including budgeting, debt management, insurance optimization, tax planning, retirement planning, estate planning, and investment management.

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Fortune Financial

JULY 5, 2022

The difference between those two values, $40, is the NUA and represents the amount applicable to capital gains tax, which is typically lower than ordinary income tax rates. When utilizing the NUA strategy, you must take a lump-sum distribution of all the assets in the employer-sponsored retirement plan account.

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International College of Financial Planning

FEBRUARY 23, 2024

It demonstrates to employers, peers, and clients alike that the holder possesses a comprehensive understanding of financial planning concepts, including retirement, tax planning, investment management and estate planning.

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Sara Grillo

MARCH 22, 2024

Aaron Parish [link] Level Wealth Stephan Shipe Home Scholar Advising Ohio Curtis Bailey quietwealth.net Flat Fee of $6,000 per year charged at $500 per month Brian Tegtmeyer Home Flat Fee financial planning, investment management, and tax planning for new retirees. I also provide one-time retirement plans for DIY investors.

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Darrow Wealth Management

DECEMBER 23, 2022

would permit employers to make matching contributions to an employee’s 401(k) and 403(b) retirement plan, even if the worker isn’t saving themselves. Keep in mind, matching contributions are often voluntary so it would be up to the plan as to whether to adopt this provision. The Secure Act 2.0 Other Roth changes.

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International College of Financial Planning

NOVEMBER 10, 2021

Retirement Planning Course – Retirement planning is gaining huge popularity among Indians. High disposable incomes and high-spending lifestyles have been encouraging Indians to plan for their retirement to ensure they continue to live their dreams.

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WiserAdvisor

DECEMBER 15, 2023

These professionals meticulously assess your financial situation, income level, and retirement goals to tailor personalized strategies. For instance, they can guide you on leveraging employer-sponsored retirement plans, such as a 401(k) with employer matches, to optimize your contributions and harness the full benefits of the accounts.

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Nerd's Eye View

DECEMBER 28, 2022

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. In addition, SECURE 2.0

Tax Planning 246

Tax Planning Taxes Planning Retirement Planning 246

Nerd's Eye View

DECEMBER 28, 2022

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. In addition, SECURE 2.0

Tax Planning 246

Tax Planning Taxes Planning Retirement Planning 246

Investing Caffeine

MAY 3, 2023

If you are close to retirement, and you have too much exposure to equities, a retrenchment in the stock market could delay your retirement plans by years. This concept highlights the importance of rebalancing your portfolio as you get closer to retirement. . · Risk Tolerance: What is your asset allocation?

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WiserAdvisor

SEPTEMBER 27, 2023

The 401(k) retirement plan is one of the most powerful tools. This tax-advantaged savings vehicle allows you to accumulate wealth steadily over a lifetime of diligent saving and investing. Start tax planning A traditional 401(k) is a pre-tax account. You are not just looking to save for retirement.

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