Nerd's Eye View

AUGUST 23, 2023

Act, passed in December 2022, created the ability for individuals over age 70 1/2 to make a one-time Qualified Charitable Distribution (QCD) of up to $50,000 of IRA funds into a CGA, with the amount distributed to the CGA being excludable from the donor's taxable income. legislation at the end of 2022. legislation at the end of 2022.

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

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

Nerd's Eye View

JUNE 26, 2024

Act passed in 2022 provided a new 'escape valve' for individuals who, for whatever reason, found themselves with more funds in their 529 plan than they could use on qualified higher education expenses. The Secure 2.0

Education 189

Education Retirement Taxes Distribution 189

Calculated Risk

DECEMBER 27, 2024

YoY in March 2022 and was at 4.0% By following wage changes for individuals, this removes the demographic composition effects (older workers who are retiring tend to be higher paid, and younger workers just entering the workforce tend to be lower paid). in July 2022. Real wage growth has trended down after peaking at 5.9%

Economics 147

Economics Sales Retirement Investing 147

Wealth Management

NOVEMBER 13, 2023

Morningstar says retired workers can now safely withdraw 4% a year, up slightly from a 2022 analysis.

Retirement 243

Retirement 243

Mish Talk

DECEMBER 2, 2022

Payrolls vs Employment Since March 2022 Nonfarm Payrolls: +2,692,000 Employment Level: +12,000 Full Time Employment: -398,000 Employment fell by 138,000 in November. Some of those dropping out of the labor force retired because they wanted to retire. Still others took advantage of a strong stock market and retired early.

Retirement 327

Retirement Manufacturing Numbers Economics 327

Wealth Management

AUGUST 18, 2023

The tally of seven-figure retirement accounts at Fidelity is climbing as stocks bounce back after falling in 2022.

Retirement 241

Retirement Accounting 241

The Big Picture

MAY 24, 2023

Households in 2022. It’s chock full of great charts and analyses, covering everything from Income, Employment, Expenses, Banking and Credit, Housing, Student Loans, Retirement and Investments, and Overall Financial Well-Being. This week saw the release of the Fed’s big annual research report, Economic Well-Being of U.S.

Medical 289

Medical Media Economics Retirement 289

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 Average net worth: $1.06 million among U.S.

Retirement 98

Retirement Financial Planning Planning Accounting 98

Calculated Risk

OCTOBER 10, 2024

On average, Social Security retirement benefits will increase by about $50 per month starting in January. in 2022 (used to calculate contribution base). From Social Security: Social Security Announces 2.5 Percent Benefit Increase for 2025 Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5

Retirement 289

Retirement Taxes 289

The Big Picture

MAY 4, 2023

Owners tend to be fairly well off, and each incremental dollar they earn is more likely to be spent elsewhere – retirement savings, durable goods, etc. It stays local and is likely to benefit the regional economy. It has aa much smaller impact on the local economy. Note: I have not seen conclusive research as to whether this is so or not).

Food 364

Food Economy Retail Retirement 364

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. In 2022, the TSP underwent a series of changes impacting its many account holders. But given that the U.S.

Planning 246

Planning Retirement Retirement Planning Government 246

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

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 backdoor Roth conversions).

Tax Planning 246

Tax Planning Planning Taxes 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 backdoor Roth conversions).

Tax Planning 246

Tax Planning Planning Taxes Retirement Planning 246

Calculated Risk

JANUARY 11, 2023

4) Participation Rate: In December 2022, the overall participation rate was at 62.3%, up year-over-year from 62.0% The Labor Force Participation Rate in December 2022 was at 62.3% (red), down from the pre-pandemic level of 63.4% By December 2022, the labor force was about 0.5 By December 2022, the labor force was about 0.5

Economics 289

Economics Sales Retirement Numbers 289

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 Retirement Planning Accounting 122

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

DECEMBER 26, 2022

kitces.com) Christine Benz and Jeff Ptak discuss the recent "The State of Retirement Income" report. nytimes.com) Retirement How to optimize Social Security benefits as a widow. riaintel.com) A national 401(k) plan is closer to reality than you think in the 'Retirement Savings for Americans Act of 2022.'

Risk Tolerance 241

Risk Tolerance Financial Planner Financial Advising Compliance 241

Nerd's Eye View

SEPTEMBER 2, 2022

We also have a number of articles on retirement planning: New research suggests that while the average senior will amass hundreds of thousands of dollars in health care expenses in retirement, the net cost they have to pay is not nearly as high.

Financial Planner 246

Financial Planner Strategic Planning Retirement Planning Retirement 246

Calculated Risk

OCTOBER 12, 2023

On average, Social Security retirement benefits will increase by more than $50 per month starting in January. in 2022, up 5.3% From Social Security: Social Security Announces 3.2 Percent Benefit Increase for 2024 Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2

Retirement 260

Retirement Taxes 260

Abnormal Returns

FEBRUARY 13, 2023

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) (wsj.com) Direct indexing Vanguard is planning a bigger push into direct indexing.

Clients 245

Clients Retirement Financial Services Taxes 245

Abnormal Returns

JULY 31, 2023

theatlantic.com) 2022 saw a jump in investment fraud. riaintel.com) Retirement A certain portion of the population never wants to retire. (morningstar.com) QLACs are coming to the 401(k) plan. wsj.com) Fraud Sadly, family members engage in a lot of elder financial exploitation.

Financial Planner 245

Financial Planner Estate Planning Portfolio Management Retirement 245

Abnormal Returns

JANUARY 31, 2023

electrek.co) Putting Grayscale Bitcoin Trust ($GBTC) into retirement accounts has backfired. bloomberg.com) Companies Exxon Mobil ($XOM) generated record profits in 2022. freightwaves.com) Economy Per Case-Shiller, national home prices fell in November 2022. wsj.com) SBF's crimes hurt regular people.

Startup 246

Startup Financial Advising Media Retirement 246

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

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. However, achieving that goal came at a cost.

Retirement Planning 102

Retirement Planning Retirement Planning Financial Planning 102

The Big Picture

JANUARY 12, 2023

Numerous factors have reduced the potential labor pool: Decreased in immigration, record new business launches (self-employed), 10 million workers out with long COVID (and almost half a million workers dead from Covid); increase in disability, and plenty of early retirements. December 9, 2022). October 7, 2022).

Economy 299

Economy Economics Media Retirement 299

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 Investing 130

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

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

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

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

SEPTEMBER 20, 2023

Sequence-of-inflation risk can substantially impact a financial plan and failing to consider this risk can lead advisors to overestimate sustainable spending and underestimate risk in retirement. Though most plans are affected at least somewhat by inflation risk, certain factors make accounting for it especially important.

Financial Planning 246

Financial Planning Risk Tolerance Retirement Planning Planning 246

The Chicago Financial Planner

OCTOBER 20, 2021

In today’s world of early or semi-retirement, many people wonder when they should begin taking their Social Security benefits. Full retirement age. Your full retirement age or FRA is the age at which you become eligible for a full, unreduced retirement benefit. This increases to $19,560 for 2022. FINANCIAL WRITING.

Retirement 192

Retirement Financial Planner Taxes Distribution 192

The Big Picture

MARCH 3, 2023

2020 : Pandemic crash of 34%, fastest top fall (but fastest recovery) 2022 : Stocks & bonds both down double digits since 1981 All of these meet the unofficial definition of a bear of a 20% move off of the peak. The GFC and the pandemic were global phenomena; the 2022 market was the worst since 1981 for a 60/40 portfolio.

Marketing 336

Marketing Marketing Economics Portfolio 336