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 (..)

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Financial Planner CFP Financial Advisor Retirement Planning 246

The Big Picture

NOVEMBER 27, 2023

This is before we get to the issue of capital gains taxes, which create a hurdle of (minimum) 20% on those pesky profits just to get to breakeven. When you get it wrong, it crushes your retirement plans. Let’s add some color to the discussion on timing itself and add a little nuance.1

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Marketing Marketing Math Retirement Planning 304

MainStreet Financial Planning

MARCH 7, 2023

It is March…that means you have just about 5 weeks left to get organized and submit your tax return. The tax deadline is April 18, 2023 (some taxpayers in disaster areas in California, Georgia and Alabama have an extended deadline). Gathering all your documents is crucial to complete a tax return free of mistakes.

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Taxes Retirement Planning Distribution Planning 98

Carson Wealth

AUGUST 25, 2022

often fail to consider sequence of return, housing, longevity, health or family risks faced in retirement. Focus on Your Retirement Plan Rather Than a Magic Number. would be “How do I plan for retirement?“ Social Security is a federal retirement plan originally created under the Social Security Act of 1935.

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Good Financial Cents

SEPTEMBER 29, 2022

In this guide, we’re going to present the 10 best long-term investment strategies for 2022. The table below provides a quick summary of each of the 10 best long-term investment strategies for 2022, along with the main features and benefits of each. Below is our list of the 10 best long-term investment strategies for 2022.

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Investing Investments Retirement Planning Risk Tolerance 109

MainStreet Financial Planning

NOVEMBER 10, 2022

Estates of decedents who die during 2023 have a basic exclusion amount of $12,920,000, up from a total of $12,060,000 for estates of decedents who died in 2022. The annual exclusion for gifts increases to $17,000 for the calendar year 2023, up from $16,000 for the calendar year 2022. SmartAsset’s Federal Income Tax Calculator for 2022.

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Taxes Retirement Planning Planning Accounting 98

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.

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Retirement Taxes Consulting Financial Planning 92

The Chicago Financial Planner

DECEMBER 5, 2021

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. Check with your financial or tax advisor as to how much you will be able to contribute. Investment flexibility . Photo credit: Flickr.

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Retirement Planning Retirement Financial Planner Accounting 155

Darrow Wealth Management

NOVEMBER 17, 2022

In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.

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Taxes Wealth Management Tax Planning Planning 107

Good Financial Cents

JANUARY 19, 2023

A major decision in retirement planning is whether to make pre-tax or Roth (after-tax) 401k contributions. Pre-tax contributions go into your retirement account with money that has not been taxed, and then taxes will be paid when the funds are withdrawn in retirement.

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Taxes Retirement Accounting Consulting 97

Fortune Financial

NOVEMBER 22, 2022

The clock is ticking for taxpayers who wish to minimize the taxes they will owe in the spring. The IRS does not tax what you divert directly from your paycheck into your retirement or health savings accounts. In 2022, the limit for a 401(k) plan is $20,500 or $27,000 if you are age 50 or above.

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Taxes Education Retirement Financial Advisor 98

Integrity Financial Planning

OCTOBER 17, 2022

There are rules and regulations that can help you avoid higher taxes and penalty fees and help you structure your income to minimize taxes. Know these 3 ages that can help you get the most out of your retirement accounts. Age 59½ is the earliest you can withdraw funds from an IRA account and pay no early withdrawal penalty tax.

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Retirement Accounting Retirement Planning Distribution 95

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. Here are some key points to use with clients as you help them assess their retirement plans.

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Risk Tolerance Retirement Planning Asset Allocation Retirement 102

Good Financial Cents

JANUARY 24, 2023

While they do share some similarities, there are enough distinct differences between the two where they can just as easily qualify as completely separate and distinct retirement plans. Either plan is an excellent choice, particularly if you’re not covered by an employer-sponsored retirement plan. Not exactly.

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Retirement Planning Retirement Taxes Distribution 122

The Chicago Financial Planner

OCTOBER 20, 2021

This increases to $19,560 for 2022. During the year in which you reach your full retirement age the annual limit is increased. For 2021 this increased limit is $50,520, for 2022 this limit is $51,960. Any money that may have been withheld from your benefits such as taxes or Medicare premiums. Combined income. %

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Retirement Financial Planner Taxes Distribution 192

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

2022 has been a difficult and trying year for stock and bond indexes in both emerging and developed markets. As we look forward to 2023, the IRS recently announced that the contribution limits for employer-sponsored retirement plans are going up. 529 College Savings Plans. The gift limit for 2022 is $16,000.

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Insurance Coverage Retirement Planning Financial Advisor Taxes 98

Nationwide Financial

MARCH 6, 2023

Key Takeaways: Because the 2022 and 2023 standard deductions are relatively high ($27,700 in 2023 and $25,900 in 2022 for married couples filing jointly), it isn’t worthwhile for many taxpayers to itemize deductions. Tax season has begun, and it’s not too early to think about planning for the 2023 tax year.

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Tax Planning Taxes Planning Distribution 78

Carson Wealth

DECEMBER 27, 2022

As 55% of Americans say they don’t have enough saved for retirement, this bipartisan legislation primarily seeks to make it easier to contribute to retirement plans and use those funds appropriately for their needs in retirement. Expanded Savings Opportunities. The SECURE 2.0 This is capped at $5,000 per year.

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Retirement Retirement Planning Distribution Accounting 98

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. 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 The Secure Act 2.0

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Retirement Retirement Planning Distribution Taxes 99

Nationwide Financial

JANUARY 26, 2023

Key Takeaways: 2023 could be a really good year to fund a Roth account because of low tax rates and changes to how the standard deduction, tax brackets, and retirement account contribution limits are adjusted for inflation. Plus, you’ll be increasing your tax diversification for retirement. Is there a better way?

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Accounting Retirement Taxes Retirement Planning 98

WiserAdvisor

JULY 29, 2022

401(k)s and Roth IRAs are some of the most commonly used retirement accounts. Some opt for a 401(k) account simply because it comes with the advantage of getting an employer match, while some go for a Roth IRA account to be able to make tax-free withdrawals in retirement. Thus, you end up paying fewer taxes on your income.

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Retirement Accounting Taxes Retirement Planning 100

Carson Wealth

JANUARY 5, 2023

Qualified retirement plans – such as 401(k)s, 403(b)s and IRAs – offer clear tax advantages. Traditional 401(k)s, 403(b)s, and IRAs offer a tax deferral on contributions and growth until distribution. To prevent individuals from taking advantage of the tax-deferred growth in perpetuity, there are certain rules in place.

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Distribution Retirement Planning Taxes 98

Carson Wealth

JUNE 2, 2023

by Jake Anderson, Paraplanner Retirement accounts like 401(k)s and IRAs allow individuals to save for their future in a tax advantaged manner. IRA and 401(k) contributions are often tax deductible and gains are tax deferred – meaning you may only pay taxes when you withdraw money from your account.

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Distribution Accounting Retirement Retirement Planning 98

Good Financial Cents

JANUARY 17, 2023

And how does it compare to the 401k and other retirement plans that exist? A Simple IRA, or Savings Incentive Match Plan for Employees, is a type of employer-sponsored retirement savings plan that is designed to be easy to set up and maintain for small business owners. What is a Simple IRA?

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Retirement Planning Retirement Planning Taxes 111

Random Roger's Retirement Planning

MARCH 5, 2025

In 2022, it was up 104 basis points (total return). but it was low in 2022 when it mattered. In 2022, when managed futures was having its heyday, there were all of a sudden a lot of calls about putting 20% or more in managed futures. The results were fascinating. We pounded the table here why that was probably a bad idea.

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Portfolio Assets Management Government 72

Random Roger's Retirement Planning

OCTOBER 13, 2024

The risk of selling volatility this way is that the market gets hit either with a fast decline like the 2020 Pandemic Crash or a slower large decline like in 2022 causing the short puts to get assigned. Munnell along with Teresa Ghilarducci are like the aunties of retirement which I am saying in a positive way. People have busy lives.

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Retirement Planning Retirement Planning Distribution 98

Good Financial Cents

JANUARY 26, 2023

The stock market has returned an average of between 9% and 11% over the past 90 years and that’s the kind of growth that you’ll need to tap into if you want to retire at 50. Your retirement plan shouldn’t be. Get in touch with an Independent Financial Professional to see if you're on track to meet your retirement goals.

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Retirement Taxes Retirement Planning Accounting 122

Random Roger's Retirement Planning

MARCH 12, 2025

The max drawdowns of the backtested portfolios bottomed out in late 2022 as follows To the extent quadrant style might intersect with all-weather, you can decide for yourself whether any of them were all weather enough. There's no wrong conclusion to draw, do you think they are all-weather enough?

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Portfolio Taxes Numbers Investing 59

Darrow Wealth Management

AUGUST 8, 2022

In early 2022, the IRS proposed new changes, and if enacted, some inherited IRA beneficiaries will need to take RMDs again and could face big penalties. It’s probable that the IRS would waive penalties as the announcement only came in February 2022 and still isn’t law. What the IRS proposal wouldn’t change.

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Distribution Retirement Taxes Accounting 92

Good Financial Cents

MAY 1, 2023

A Contributory IRA, otherwise known as a traditional IRA , is a retirement savings account that allows individuals to make contributions from their earned income. The contribution limit may be reduced or eliminated for individuals who have high incomes or who participate in an employer-sponsored retirement plan.

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Risk Tolerance Taxes Retirement Accounting 95

Random Roger's Retirement Planning

MARCH 14, 2025

Dave Nadig found a potential tax problem in the fine print. Apparently it is not diversified enough to meet RIC, regulated investment company, standards which as Dave tells it would nullify the tax benefits associated with ETFs. In 2022 Portfolio 1 fell 6.27% versus a decline of 5.29% for PRPFX and 16.87% for VBAIX.

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Portfolio Taxes Management Investments 59

Good Financial Cents

APRIL 1, 2023

That will give you a combined contribution of $13,000, which will also be fully tax-deductible. There's no time like the present to begin preparing for your retirement. When you turn age 72, you’re required to begin receiving distributions from the plan. Ads by Money. We may be compensated if you click this ad.

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Planning Distribution Taxes Retirement Planning 95

Random Roger's Retirement Planning

JANUARY 10, 2024

Every now and then we talk about expat living as part of a retirement plan, usually the context is an underfunded retirement plan. Portfolio 2 was spared a couple of hundred basis points which is better than nothing and Portfolio 3 did very well in 2022. One popular country in expat living circles is Ecuador.

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Retirement Planning Portfolio Retirement Planning 98

Random Roger's Retirement Planning

NOVEMBER 4, 2024

You can see on the backtest, RPAR fairing worse than VBAIX by almost 600 basis points in 2022 and then didn't really come back the way VBAIX did. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. Risk parity is a good example of a great story.

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Retail Taxes Investing Investments 52

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. For high earners, converting an IRA to a Roth IRA while you’re still working could be the worst time of all.

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Retirement Distribution Taxes Accounting 95

Carson Wealth

JULY 19, 2022

Executive compensation plans require knitting together four quadrants to form a total compensation and benefit strategy: direct compensation and benefits, short-term (annual) bonuses and incentives, longer-term bonuses and incentives, and special retirement plans. . Direct Compensation & Benefits.

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Executive Compensation Compensation Planning Planning Insurance 110

Good Financial Cents

SEPTEMBER 15, 2022

Because the investment income earned in a Roth IRA is tax-deferred—and eventually tax-free—there are no tax complications to worry about. Unlike taxable brokerage accounts and even bank accounts, there’s no possibility of incurring the so-called “ kiddie tax ” on the investment earnings in a Roth IRA account.

Accounting 101

Accounting Taxes Retirement Retirement Planning 101