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.

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Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. At that point, many provisions will revert to 2017 levels, adjusted for inflation. For example, in 2017, the marginal tax brackets were 10%, 15%, 25%, 28%, 33%, 25%, and 39.6%.

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Taxes Tax Planning Planning Estate Planning 101

NAIFA Advisor Today

AUGUST 16, 2023

Brought to you exclusively by NAIFA and the Society of FSP, this essential webinar delves deep into the time-sensitive implications of provisions in the Tax Cuts and Jobs Act (TCJA) of 2017 that are scheduled to sunset by 2025.

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Nationwide Financial

MARCH 6, 2023

For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. Tax season has begun, and it’s not too early to think about planning for the 2023 tax year. One strategy is to accumulate deductions that a client would normally take over 2 years into a single year.

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Harness Wealth

DECEMBER 8, 2022

If you’ve already maxed out a 401(k) and IRA, you may also wish to explore investing in a health savings account (HSA) provided you have a qualifying high-deductible health plan. The exclusion may reduce back to pre-2017 levels of $5M after 2025. Estate planning. if you are married filing jointly). at the federal level.

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Brown Advisory

NOVEMBER 1, 2019

2019 Year-End Planning Letter. Each year, we send a letter to clients to help guide year-end planning discussions and to offer ideas for them to consider with their other advisors. Market conditions may be volatile, but our planning efforts are, as always, focused on stability and consistency. Fri, 11/01/2019 - 13:44.

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Yardley Wealth Management

MARCH 1, 2022

The post Part 3: Tax-Wise Financial Planning appeared first on Yardley Wealth Management, LLC. Part 3: Tax-Wise Financial Planning In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. But tax planning isn’t just for your investments.

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Yardley Wealth Management

MARCH 1, 2022

The post Part 3: Tax-Wise Financial Planning appeared first on Yardley Wealth Management, LLC. Part 3: Tax-Wise Financial Planning. In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. . But tax planning isn’t just for your investments.

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Brown Advisory

NOVEMBER 28, 2018

2018 Year-End Planning Letter. Each year, we send a letter to clients to help guide our year-end planning discussions with them and to offer ideas for them to consider with their other advisors. As we discuss below, the new tax law offers a number of opportunities for adjusting long-term plans. Wed, 11/28/2018 - 08:38.

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eMoney Advisor

NOVEMBER 15, 2022

Here are a few more reasons to apply it in your financial planning practice. So, how can you leverage gratitude in your financial planning practice? To continue learning about how to apply financial psychology in your practice, read our guide to Tapping into the Emotional Side of Financial Planning. Sources: 1. Emmons, Robert.

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Advisor Perspectives

OCTOBER 1, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan.

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Advisor Perspectives

SEPTEMBER 27, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan.

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Harness Wealth

JUNE 30, 2023

Whether you’re building equity in a primary residence or buying a vacation home or investment property, understanding how to best prepare for, and manage, a real estate purchase is a critical piece of any personal financial plan. and Financial Planning for Estate Planning.

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Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. At that point, many provisions will revert to 2017 levels, adjusted for inflation. For example, in 2017, the marginal tax brackets were 10%, 15%, 25%, 28%, 33%, 25%, and 39.6%.

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Brown Advisory

APRIL 1, 2020

Strategic Planning in Volatile Markets ajackson Wed, 04/01/2020 - 09:31 Our conversations with clients usually cover topics that range beyond investment and financial affairs. Possible future increases in income and wealth transfer taxes, including the potential reversion of certain elements of the U.S. tax code that are not permanent.

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Brown Advisory

APRIL 1, 2020

Strategic Planning in Volatile Markets. Of course, given the market volatility that has accompanied this outbreak, we are also reviewing where we stand in relation to the goals we are helping you pursue and the plans we have helped you implement. Wed, 04/01/2020 - 09:31. tax code that are not permanent.

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Brown Advisory

NOVEMBER 12, 2015

Strategic Advisory Letter | 2015 Year-End Planning Checklist. As 2015 comes to a close, we remind our clients and friends of how important it is take time to review new tax rules, consider tax-saving opportunities and review investment and asset-protection plans before year’s end. Thu, 11/12/2015 - 11:10.

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MainStreet Financial Planning

SEPTEMBER 29, 2022

I help my dad with his finances and pay his bills, but especially over the last couple of years, he has been increasingly forgetful and makes impulsive decisions that aren’t part of MY plan! Well, it used to be our plan, but he often doesn’t remember. This is a great reminder to take a breath and focus on communication.

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Fortune Financial

FEBRUARY 4, 2024

Will you end up paying too much in ordinary income taxes for company stock in your 401(k) plan? With our deep expertise and qualifications in NUA strategies, our experts are adept at navigating the complexities of tax-efficient retirement planning. This appreciation becomes critical when considering tax implications upon withdrawal.

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Harness Wealth

MARCH 11, 2024

Retirement contributions Individuals can take advantage of various tax-related retirement planning strategies to reduce their taxable income today and post-retirement. Health Savings Accounts (HSAs) HSAs are available to individuals enrolled in high-deductible health plans (HDHPs).

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Brown Advisory

OCTOBER 16, 2017

Family Wealth Transfer Options achen Mon, 10/16/2017 - 10:49 Families can use a variety of strategies to reduce their estate tax burden. By using various exemptions and exclusions, you can gift a certain amount of assets to your family members without triggering gift taxes, thereby reducing the size of your taxable estate.

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Brown Advisory

OCTOBER 16, 2017

Mon, 10/16/2017 - 10:49. Families can use a variety of strategies to reduce their estate tax burden. By using various exemptions and exclusions, you can gift a certain amount of assets to your family members without triggering gift taxes, thereby reducing the size of your taxable estate. Family Wealth Transfer Options.

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Trade Brains

JANUARY 24, 2024

The HNI population in India has grown at a Compound annual growth rate(CAGR) of 21% from 2017 to 2022. The company also provides holistic services like estate planning and succession planning without charging clients. There has been an increase in the amount of investments in the Equity Mutual fund, i.e. from 6.7%

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Brown Advisory

FEBRUARY 13, 2017

Uniting Around a Legacy: Generational Wealth Transfer achen Mon, 02/13/2017 - 14:02 Young investors face a critical set of decision points in their early years of independence. In these situations, clients are best served by a planning approach that carefully considers both their income statement and their balance sheet.

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Brown Advisory

FEBRUARY 13, 2017

Mon, 02/13/2017 - 14:02. At times, younger clients benefit from the careful planning of their parents; their inherited wealth can come in many forms, such as LLC interests, private equity holdings, or income from family trusts. With a well-vetted business plan, she came to us for guidance on how to proceed.

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Sara Grillo

APRIL 10, 2023

The idea centered on the concepts of simplicity, keeping total investment costs and taxes extremely low and developing a custom investment plan for each client using low-cost asset class and index funds. James is the father of three energetic boys and 1 Bernadoodle: Oliver, Henry, William, and Louie; and husband to Anya Giles since 2017.

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Yardley Wealth Management

JANUARY 4, 2022

In 2017, the SEC approved the role of trusted contact person as part of a FINRA Rule 4512 amendment. This makes sense, since you may inadvertently name a “bad” player … or others may be able to contest the POA you’ve established. Don’t wait until it’s too late. Trusted Contact Person(s) The Basics.

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Yardley Wealth Management

JANUARY 4, 2022

In 2017, the SEC approved the role of trusted contact person as part of a FINRA Rule 4512 amendment. This makes sense, since you may inadvertently name a “bad” player … or others may be able to contest the POA you’ve established. Don’t wait until it’s too late. . Trusted Contact Person(s). The Basics.

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Sara Grillo

JUNE 20, 2022

So Nathan pay is a retirement plan consultant, and he’s here today to talk about the experience of being an Edward Jones financial advisor. Okay, everybody. A, welcome to the show. NATE PENHA: Hey, Sarah, thanks for having me.

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Brown Advisory

NOVEMBER 19, 2020

2020 Year-End Planning Letter. Each year, we send a letter to clients to help guide year-end planning discussions and to offer ideas for consideration with their other advisors. There are issues and uncertainties to consider every year when revisiting one’s plans, but 2020 has been a uniquely challenging year on many fronts.

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Brown Advisory

SEPTEMBER 17, 2021

Gift/Estate/GST Tax. An acceleration to 2022 of the rollback of the gift/estate and GST lifetime exemptions from current levels (set in 2017) to the levels under prior law ($5 million exemption indexed for inflation starting in 2010). Corporate Income Tax. An increase of the top corporate tax rate from 21% to 26.5%.

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Carson Wealth

MARCH 6, 2025

Whats less common, but just as important, is outlining a specific plan for this transfer and updating it as circumstances change. If its been some time since you established your estate plan, you may want to think about giving it a review. How will this affect your overall plan? million.

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Brown Advisory

NOVEMBER 19, 2016

2016 Year-End Planning Letter. While there will not be any firm proposals until 2017 at the earliest, we will be looking for and analyzing changes that may have an impact on our clients. As we noted in our midyear letter, it is helpful to build long-term plans on a foundation of stable, incremental yearly steps. Takeaways.

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Harness Wealth

MARCH 13, 2023

However, the $1 million limit still applies to mortgages taken out before December 15, 2017. Contributions to these plans are tax-deductible and can reduce taxable income. In addition to working with a tax professional, there are also online resources available to help freelancers and small business owners with tax planning.

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Harness Wealth

JANUARY 28, 2025

What are the changes to 529 plans in 2025? Higher 401(k) contribution limits: Starting in 2025, individuals can contribute up to $23,500 to their 401(k) plans, marking an increase from the 2024 limit of $23,000. This adjustment also applies to participants in 403(b) plans, governmental 457 plans, and the Federal Thrift Savings Plan.

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