Nerd's Eye View

AUGUST 9, 2023

The original SECURE Act, signed into law in December 2019, changed many of the long-standing rules governing IRAs and other retirement accounts, and no single measure in the legislation had a more seismic impact on planning than the changes to the post-death distribution rules for retirement accounts.

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Accounting Retirement Distribution Government 246

Wealth Management

AUGUST 16, 2022

The Wipfli Financial Advisors acquisition comes with a retirement practice and a mass-affluent focused tech platform.

Financial Advisor 246

Financial Advisor Retirement Planning 246

Wealth Management

AUGUST 16, 2022

Economic turmoil took a toll on savings in the first half of 2022 and that’s just the tip of the iceberg as many in the US lack employer-sponsored plans.

Retirement 245

Retirement Economics Planning 245

Nerd's Eye View

AUGUST 23, 2023

Charitable Gift Annuities (CGAs) have long been a popular way for individuals with charitable intentions to plan their legacies. in an IRA or 401(k) plan) to contribute to the Charitable Gift Annuity, they would need to withdraw – and be taxed on – those funds first. legislation at the end of 2022. But the SECURE 2.0

Taxes 246

Taxes Retirement Clients Estate Planning 246

Wealth Management

AUGUST 16, 2022

Economic turmoil took a toll on savings in the first half of 2022 and that’s just the tip of the iceberg as many in the US lack employer-sponsored plans.

Retirement 246

Retirement Economics Planning 246

Nerd's Eye View

JUNE 26, 2024

Traditionally, the challenge in using a 529 plan to save for higher education expenses has been figuring out how much to save to cover the beneficiary's college costs without overshooting and saving more in the 529 plan than is actually needed. The Secure 2.0

Education 189

Education Retirement Taxes Distribution 189

MainStreet Financial Planning

OCTOBER 30, 2024

Whether it’s savings, retirement funds, or net worth, understanding where you stand can provide valuable perspective on your financial progress. million The Federal Reserve 2022 Survey of Consumer Finances report found that the average net worth among all households was $1.06 appeared first on MainStreet Financial Planning.

Retirement 98

Retirement Financial Planning Planning Accounting 98

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. Thanks for reading. They each have good and fulfilling careers.

Retirement Planning 102

Retirement Planning Retirement Planning Financial Planning 102

Nerd's Eye View

NOVEMBER 3, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor this week released its long-awaited "retirement security rule", its latest effort to curb conflicts of interest around retirement savings recommendations.

Financial Planner 246

Financial Planner Retirement Planning Retirement Insurance 246

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.

Financial Planning 246

Financial Planning Risk Tolerance Retirement Planning Planning 246

Nerd's Eye View

SEPTEMBER 2, 2022

From there, we have several articles on investments: How Morningstar plans to simplify its rating system amid continued concerns about its effectiveness. The variety of ways individuals approach retirement, from choosing where to live to finding purpose in their daily lives.

Financial Planner 246

Financial Planner Strategic Planning Retirement Planning Retirement 246

Integrity Financial Planning

JANUARY 9, 2023

The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. 1] However, in 2022, this number spiked to 9.1% 2] With higher prices in consumer goods, retirees may have had to reevaluate their withdrawals and spending on retirement accounts as their income became strained.

Accounting 97

Accounting Retirement Economics Financial Planning 97

Abnormal Returns

DECEMBER 26, 2022

kitces.com) Christine Benz and Jeff Ptak discuss the recent "The State of Retirement Income" report. morningstar.com) Ryan Detrick and Sonu Varghese talk with Phil Pearlman about the connection between health and wealth planning. thinkadvisor.com) Being able to move unused 529 plan funds into an IRA is a neat trick.

Risk Tolerance 241

Risk Tolerance Financial Planner Financial Advising Compliance 241

Abnormal Returns

JULY 31, 2023

riaintel.com) Creative Planning has inked a custody deal with Goldman Sachs ($GS). morningstar.com) QLACs are coming to the 401(k) plan. theatlantic.com) 2022 saw a jump in investment fraud. riaintel.com) Retirement A certain portion of the population never wants to retire. financial-planning.com)

Financial Planner 245

Financial Planner Estate Planning Portfolio Management Retirement 245

Nerd's Eye View

OCTOBER 21, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass a series of changes affecting retirement planning, dubbed “SECURE ACT 2.0”, ”, by the end of the year. Social Security COLA for 2023.

Financial Planner 234

Financial Planner Retirement Planning Retirement Insurance 234

Nerd's Eye View

JANUARY 19, 2024

Nevertheless, there is potential for many individual RIAs to expand their staffing further, with the addition of specialized planning and operations roles being seen as a potential avenue to boost firm growth.

Financial Planner 246

Financial Planner Fiduciary Duty Retirement Retirement Planning 246

Abnormal Returns

FEBRUARY 13, 2023

wsj.com) Direct indexing Vanguard is planning a bigger push into direct indexing. wealthmanagement.com) Retirement Why most people underestimate their chances of living into old (90+) age. wsj.com) Retirement spending is more flexible than commonly thought. riabiz.com) The number of CFPs grew some 5% in 2022. (fa-mag.com)

Clients 245

Clients Retirement Financial Services Taxes 245

The Chicago Financial Planner

FEBRUARY 6, 2022

In spite of what was said on PBS Frontline The Retirement Gamble and elsewhere in the press, in my opinion 401(k) plans are one of the best retirement savings vehicles available. Here are 4 steps to make sure that your 401(k) plan is working hard for your retirement. Get started . Are you self-employed ?

Retirement Planning 189

Retirement Planning Retirement Financial Planner Planning 189

Abnormal Returns

DECEMBER 14, 2022

Podcasts Christine Benz and Jeff Ptak talks with Jamie Hopkins of Carson Wealth about some common retirement planning questions. ft.com) Who really benefits from 529 plans? nytimes.com) Planning Doug Boneparth, "Cash flow lives at the heart of financial organization." morningstar.com) 20 thing to do before year-end.

Investments 245

Investments Investing Retirement Planning Banking 245

Nerd's Eye View

DECEMBER 2, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with a research study suggesting that the market volatility experienced in 2022 could increase demand for financial planning services.

Financial Planner 241

Financial Planner Retirement Planning Retirement Financial Planning 241

Carson Wealth

JANUARY 5, 2023

Qualified retirement plans – such as 401(k)s, 403(b)s and IRAs – offer clear tax advantages. Taxpayers with qualified retirement accounts are required to start taking distributions from the accounts once a certain age is reached. The RMD rules apply to all employer-sponsored qualified retirement accounts (401(k)s, 403(b)s, etc.)

Distribution 98

Distribution Retirement Planning Taxes 98

Good Financial Cents

JANUARY 26, 2023

Early retirement has become a popular financial goal. Even if you never retire early, just knowing that you can is liberating! Can You Really Retire at 50? Can You Really Retire at 50? Table of Contents Can You Really Retire at 50? FAQs on Retiring Early at 50 It’s a big bold claim – retire at 50?

Retirement 122

Retirement Taxes Accounting Retirement Planning 122

Nerd's Eye View

JULY 24, 2024

When the original SECURE Act was passed in December 2019, it brought sweeping changes to the post-death tax treatment of qualified retirement accounts. Act passed in late 2022. Along with the new Finalized Regulations, the IRS also released a new set of Proposed Regulations dealing with some unanswered questions around the SECURE 2.0

Distribution 190

Distribution Accounting Retirement Tax Planning 190

Nerd's Eye View

APRIL 19, 2024

Also in industry news this week: The Office of Management and Budget (OMB) has completed its review of the Department of Labor's new "fiduciary rule ", indicating that it could be released in the coming days or weeks (though, like its predecessors, its ultimate disposition is likely to be determined in the courts) The IRS announced this week that it (..)

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

Nerd's Eye View

SEPTEMBER 9, 2022

Also in industry news this week: As broker-dealers increasingly offer fee-based planning services, RIAs are responding by enhancing their own service offerings, and offering alternative fee structures to differentiate themselves from the competition.

Financial Planner 246

Financial Planner Retirement Planning Financial Advisor Education 246

Nerd's Eye View

AUGUST 12, 2022

From there, we have several articles on Mergers & Acquisition (M&A) trends: M&A activity so far in 2022 is set to exceed 2021’s record pace despite economic headwinds, meaning there could simply be a ‘new normal’ of higher activity regardless of the economic environment. Enjoy the ‘light’ reading!

Financial Planner 245

Financial Planner Retirement Healthcare Numbers 245

The Big Picture

NOVEMBER 27, 2023

When you get it wrong, it crushes your retirement plans. My own track record at making big calls is pretty damned good, but none of our clients wants me slinging around their retirement monies based on my gut instinct. But when they get market timing wrong, they lose subscribers. I sure as hell don’t want to either.

Marketing 304

Marketing Marketing Math Retirement Planning 304

Carson Wealth

DECEMBER 5, 2024

High net worth households gave nearly $35,000, on average, in 2022. In 2022, Americans contributed $85.53 We sometimes see this when families are in their peak income-earning years with retirement on the horizon. Just like the rest of your financial journey, optimized giving is complex and should follow a plan.

Taxes 119

Taxes Nonprofit Accounting Assets 119

Integrity Financial Planning

JUNE 12, 2023

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023.

Retirement 92

Retirement Taxes Consulting Financial Planning 92

Abnormal Returns

FEBRUARY 23, 2023

morningstar.com) It's easy to forget how bad 2022 was for retirement account investors. novelinvestor.com) Going to a four-day workweek requires planning. Markets Higher for longer, has put pressure on bond yields in February. cnbc.com) Strategy Not everyone is giving up on the crypto markets.

Financial Advising 246

Financial Advising Media Retirement Banking 246

WiserAdvisor

OCTOBER 4, 2022

Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. However, the main drawback to this can be the lack of foresight regarding what and how to plan.

Budgeting 102

Budgeting Retirement Healthcare Food 102

Nerd's Eye View

AUGUST 5, 2022

We also have a number of articles on retirement planning: How the variability in annuity payouts across annuity providers has exploded in 2022, creating an opportunity for advisors to add value to clients by comparison shopping across insurance companies.

Financial Planner 246

Financial Planner Compliance Insurance Financial Advisor 246

The Chicago Financial Planner

DECEMBER 5, 2021

For those of you who are self-employed it is important that you save for your own retirement. For 2022 these limits increase to $61,000 and $67,500. For 2022 these contribution limits increase to $20.500 and $27,000, plus the employer-funded profit sharing component in both years. Building a business is hard work.

Retirement Planning 155

Retirement Planning Retirement Financial Planner Accounting 155

Darrow Wealth Management

DECEMBER 23, 2022

Congress is once again poised to make sweeping changes to the retirement and tax rules in the last two weeks of the year. retirement changes. retirement changes. There are many components of the 2022 Act that will impact employers that aren’t outlined below. 529 plan to Roth IRA rollovers. The Secure Act 2.0

Retirement 99

Retirement Retirement Planning Distribution Taxes 99

The Chicago Financial Planner

JUNE 13, 2022

After a strong finish in 2020 and very solid returns in 2021, we’ve seen a lot of market volatility so far in 2022. Assuming that you have a financial plan with an investment strategy in place there is really nothing to do at this point. If not perhaps you are taking more risk than you had planned. Do nothing.

Risk Tolerance 188

Risk Tolerance Marketing Marketing Financial Planner 188

Nerd's Eye View

OCTOBER 15, 2024

What's unique about Mark, though, is how he uses a liability-driven-investing approach to build retirement portfolios and manage sequence of return risk, with a particular focus on using closed end bond funds to generate income needed to cover his client's expenses during the early (and most financially dangerous) years of retirement.

Retirement 130

Retirement Portfolio Management Investments 130

Darrow Wealth Management

NOVEMBER 20, 2023

If you think retirement planning moves stop at retirement, think again. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. If they converted $100,000 to a Roth on December 31st 2022, their RMD would be $3,774 less this year.

Retirement 95

Retirement Distribution Taxes Accounting 95