Wealth Management

JUNE 26, 2024

Notice 2024-55 clarifies two exceptions to the 10% additional tax.

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Retirement Planning Distribution Retirement Planning 256

Nerd's Eye View

DECEMBER 27, 2024

Also in industry news this week: According to a recent survey, advisors are putting an increasing share of client assets into model portfolios, allowing for customization and time savings that advisors appear to be using to provide more comprehensive planning services RIA M&A deal volume saw an annual record in 2024 as a lower cost of capital, (..)

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Nerd's Eye View

JANUARY 31, 2025

Also in industry news this week: While RIA M&A deal flow hit record levels in 2024 (both in terms of volume and the speed of completing them), firm valuations saw relatively modest gains In its latest annual regulatory oversight report, FINRA joined the SEC in flagging the potential risks to firm and client data from the use of third-party vendors (..)

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Financial Planner Retirement Planning Compliance Valuation 244

Nerd's Eye View

MARCH 28, 2025

Also in industry news this week: A recent survey indicates that younger "DIY" investors are more likely to be interested in working with a human advisor than their older counterparts, suggesting an opportunity for advisors to tap into this demographic (perhaps by setting minimum planning fees that ensure these clients can be served profitably today (..)

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Financial Planner Retirement Retirement Planning Clients 220

Getting Your Financial Ducks In A Row

APRIL 3, 2023

We’ve covered a lot of ground with regard to how various tax laws impact your retirement plans: pensions, IRAs, 403(b) and 401(k) plans. But we’ve primarily focused on the US income tax laws (the IRS) affect your plans – and there are many nuances that you need to take into account with regard to state tax laws.

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Retirement Planning Retirement Planning Taxes 143

The Chicago Financial Planner

FEBRUARY 8, 2023

You’ve paid Social Security taxes over the course of your working life and you’ve earned these benefits. Many retirees and others collecting Social Security wonder about the tax treatment of their benefit. The answer to the question in the title is that your Social Security benefits may be subject to taxes.

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Taxes Retirement Financial Planner Financial Advisor 291

Nerd's Eye View

NOVEMBER 1, 2024

Also in industry news this week: A recent study suggests that while a majority of financial advisory clients surveyed have only had 1 advisor, deteriorating client service is a key risk factor that could sway certain clients to leave for a different advisor RIA M&A activity in 2024 is poised to surpass the total number of deals seen in 2023, according (..)

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Financial Planner CFP Certification Retirement Planning 188

Covisum

MAY 30, 2025

When it comes to retirement income planning, taxes matter, a lot. Yet tax planning is often overlooked or oversimplified. The truth is, your clients tax exposure in retirement doesnt just depend on how much they withdraw each year, but how and from where those withdrawals happen.

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Retirement Planning Taxes Retirement Planning 52

Carson Wealth

MAY 29, 2025

Imagine yourself on your last ride home from work on the day you retire. It probably depends on whether you have a strong plan in place for income during your retirement years. Having a retirement planning checklist can help make this final commute the time of reflection and joy it should be.

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Retirement Planning Retirement Planning Taxes 52

Abnormal Returns

APRIL 23, 2025

Podcasts Peter Lazaroff talks with Christine Benz about the most overlooked parts of a retirement plan. podcasts.apple.com) Taxes Roth 401(k) rollovers are tricky. peterlazaroff.com) Steve Chen talks all things Social Security with Devin Carroll, author of "Social Security Basics."

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Retirement Planning Retirement Taxes Portfolio 162

Getting Your Financial Ducks In A Row

MARCH 10, 2025

Many of us are covered by one or more types of defined contribution retirement plans, such as a 401(k), 403(b), 457, or any of a number of other plans. What many of these plans have in common is that they are referred to as Cash Or Deferred Arrangements (CODA), as designated by the IRS. How, you might ask?

Retirement Planning 52

Retirement Planning Retirement Planning Compensation Planning 52

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.

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Retirement Planning Retirement Planning Taxes 142

Darrow Wealth Management

FEBRUARY 9, 2025

The idea of living off dividends in retirement sounds nice, but investors often don’t realize how much money they’ll need invested to generate enough income from dividends to cover lifestyle expenses. So historically, every $1 million invested would yield annual dividend income of $19,800 on average… before tax.

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Retirement Asset Allocation Taxes Portfolio 85

Nerd's Eye View

APRIL 8, 2025

What's unique about Seth, though, is how he has created what he calls an "input deliverable" that allows him to demonstrate value more tangibly to his ideal prospects by helping them solve a key tax planning pain point… but without the time-consuming busywork of having to create a separate output for each individual client household.

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Financial Planning Clients Planning Financial Advisor 130

Darrow Wealth Management

SEPTEMBER 19, 2024

Unlike most types of retirement plans, the SEP IRA is funded by the employer. Here’s more on what a SEP IRA is, tax benefits, contribution limits, and important deadlines. The SEP IRA is a straightforward and cost-effective way for small business owners to save for retirement. What is a SEP IRA?

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Retirement Planning Retirement Taxes Planning 98

Abnormal Returns

JANUARY 15, 2024

citywire.com) Taxes There simply aren't enough tax preparers to go around. obliviousinvestor.com) It's hard to say you are a holistic financial adviser without tax management. thinkadvisor.com) Retirement Baby Boomers were supposed to retire in penury. (riaintel.com) HNW clients want additional services.

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Financial Planner Wealth Management Retirement Planning Financial Advising 278

Wealth Management

FEBRUARY 21, 2024

The intellectual case for getting rid of tax-advantaged retirement plans is strong, and the political case is catching up.

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Retirement Planning Retirement Taxes Planning 245

Abnormal Returns

FEBRUARY 28, 2024

(morningstar.com) Rick Ferri talks all things taxes with Kaye Thoma of Fairmark.com (bogleheads.podbean.com) Housing What's the bear case for housing prices? wsj.com) Retirement How rising interest rates affect retirement planning. morningstar.com) An over-reliance on traditional IRA can be a tax problem in retirement.

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Retirement Planning Retirement Financial Planning Taxes 289

Nerd's Eye View

MARCH 13, 2024

Most of the time, people are subject to state taxes in the states where they live and/or earn their income. So when moving to a lower-tax state or another, their income tax burden likewise shifts to the new state along with them.

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Taxes Compensation Planning Retirement Retirement Planning 189

Abnormal Returns

FEBRUARY 24, 2025

thinkadvisor.com) Cutting IRS workers is going to make life more difficult for tax preparers (and payers). advisorperspectives.com) Retirement planning models are just uncertainty piled on uncertainty. (citywire.com) How Jacob Turner turned a professional baseball career into a wealth management business. crr.bc.edu)

Wealth Management 147

Wealth Management Retirement Planning Financial Advice Clients 147

Nerd's Eye View

MAY 17, 2023

Like native-born workers, foreign workers need to think about saving for retirement, planning for their children’s college, managing healthcare costs, and all manner of other financial goals. For example, the tax benefits of certain accounts can sometimes work in the other direction if a non-U.S.-born

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Taxes Investing Investments Accounting 246

Abnormal Returns

APRIL 10, 2024

(morningstar.com) Dan Haylett talks with Eric Brotman, who is the founder and CEO of BFG Financial Advisors, about retirement as 'graduation.' humansvsretirement.com) Estate planning Why you should update your estate plans periodically. obliviousinvestor.com) Estate planning should most importantly include talking about it.

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Estate Planning Retirement Planning Retirement Taxes 262

A Wealth of Common Sense

FEBRUARY 6, 2025

Bill Sweet joined me on the show this week to discuss questions about the tax benefits of owning rental properties, the tax implications of an inheritance, retirement planning for military service members and how tariffs work. Further Reading: The U.S. Housing Market vs. The Canadian Housing Market The post The U.S.

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Marketing Marketing Retirement Planning Taxes 116

Nerd's Eye View

OCTOBER 2, 2024

To start, while the state of Social Security's trust fund reserves often receives significant media attention, in reality, the bulk of funding for paying out Social Security benefits comes from Federal Insurance Contributions Act (FICA) taxes, more commonly known as payroll taxes (with workers and their employers each paying 6.2%

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Retirement Clients Financial Planning Financial Advisor 246

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. Read More.

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Taxes Planning Financial Advisor Strategic Planning 246

Abnormal Returns

FEBRUARY 21, 2024

youtube.com) Retirement Why planning in retirement is so challenging. Rowe Price about non-financial considerations in retirement. morningstar.com) People work in retirement for any number of reasons. humansvsretirement.com) 3% rates make holding a mortgage in retirement easier.

Retirement 275

Retirement Retirement Planning Portfolio Management Financial Advisor 275

Nerd's Eye View

JANUARY 26, 2024

The survey also suggests that a firm's tech stack can affect its ability to attract and retain clients, with 93% of advisors who said they work with state-of-the-art technology reporting that they have added new clients as a result of another firm's bad technology, and 58% of all advisors surveyed reporting they had lost new business due to bad technology. (..)

Financial Planner 246

Financial Planner Retirement Planning Financial Advisor Retirement 246

Carson Wealth

DECEMBER 20, 2024

Strategic charitable giving not only benefits the recipient but can also create significant tax advantages for the giver. While many people approach their financial planning with careful strategy, its easy to overlook the same level of intention when it comes to charitable giving. It just needs to be given to a qualified 501(c)(3).

Financial Planning 116

Financial Planning Planning Estate Planning Taxes 116

Abnormal Returns

MARCH 15, 2023

(open.spotify.com) Christine Benz and Jeff Ptak talk with Robert Powell about generating income in retirement. wsj.com) Retirement Retirement planning is a moving target. humbledollar.com) Retirement is, in part, about declaring career victory. kindnessfp.com) When does it make sense to get help with your taxes?

Retirement Planning 246

Retirement Planning Retirement Financial Services Financial Advisor 246

Abnormal Returns

APRIL 1, 2024

(morningstar.com) Thomas Kopelman and Jacob Turner talk with Ankur Nagpal about tax considerations when selling a business. podcasts.apple.com) Jordan Haynes talks with Justin Castelli about the important role of life planning. wiredplanning.com) Retirement Spending guardrails are important in retirement, but the details matter.

Wealth Management 258

Wealth Management Math Retirement Retirement Planning 258

Nerd's Eye View

FEBRUARY 8, 2023

Seasoned financial advisors have likely worked with clients with a wide variety of workplace retirement accounts, which can vary in terms of their investment offerings, fees, and other characteristics. But given that the U.S.

Planning 246

Planning Retirement Retirement Planning Government 246

Abnormal Returns

NOVEMBER 6, 2023

(citywire.com) Creative Planning is expanding its reach in the retirement plan space. papers.ssrn.com) Taxes A 2023 year-end tax planning guide. citywire.com) Choreo is buying the wealth management business of BDO USA. investmentnews.com) M&A The RIA model continues to take share.

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Wealth Management Retirement Planning Tax Planning Financial Advisor 264

Carson Wealth

OCTOBER 24, 2024

Retiring abroad can be a dream come true for many Americans, offering the opportunity to explore new cultures, enjoy different climates, and potentially stretch retirement savings. But moving to a new country involves significant financial planning. tax return every year. Tax treaties between the U.S.

Retirement 143

Retirement Healthcare Taxes Medical 143

Nerd's Eye View

MARCH 24, 2023

Also in industry news this week: Top Democratic Senators are urging the Treasury Department to crack down on a range of estate planning strategies for high-net-worth individuals, including GRATs and IDGTs Amid fallout from recent bank failures, both Republicans and Democrats are considering whether current FDIC insurance limits should be increased (..)

Financial Planner 245

Financial Planner CFP Certification Education 245

Nerd's Eye View

OCTOBER 1, 2022

A new bill would make many parts of the Tax Cuts and Jobs Act of 2017 permanent, including its changes to tax brackets, the higher standard deduction, and the cap on state and local tax deductions. What advisory firms can do to make the most out of client testimonials and avoid negative reviews on third-party websites.

Financial Planner 245

Financial Planner Retirement Planning Advertising Taxes 245

Harness Wealth

MARCH 7, 2025

This weeks Tax Advisor news roundup covers key updates for financial professionals. Last but not least, we have a rundown of the IRSs ‘Dirty Dozen’ tax scams for 2025. Wealth Taxes in Europe, 2025 ( Cristina Enache , Tax Foundation) Net wealth taxes are recurrent taxes on an individuals wealth, net of debt.

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Taxes Retirement Financial Advisor Retirement Planning 52

Carson Wealth

MAY 15, 2025

Act have affected millions of Americans inheriting or leaving behind a retirement account. For estate and retirement planning purposes, its important to understand these rule changes and the tax implications. The SECURE Act and SECURE 2.0 Download our Making Sense of RMDs guide to learn the full impact on your RMDs.

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Retirement Planning Distribution Retirement Accounting 64