WiserAdvisor

FEBRUARY 19, 2024

As a couple aged 65 in 2023, you may need approximately $315,000 saved (after tax) to cover your healthcare expenses. This underscores the necessity of integrating healthcare costs into your broader retirement planning strategy. Life is inherently unpredictable, and unanticipated circumstances can arise at any moment.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

Gen Y Planning

DECEMBER 5, 2022

Remember, the student loan payment freeze (no required payments with 0% interest) is in effect until the end of June 2023. If so, be sure to include that significant purchase/investment as part of your 2023 plan. We’d love to help you create a plan to support your new goals. . Keep An Eye On Your Taxes.

Taxes 59

Taxes Estate Planning Planning Budgeting 59

Zoe Financial

FEBRUARY 21, 2023

Published February 21st, 2023 Reading Time: 3 minutes Written by: The Zoe Team When it comes to managing your money, knowing who to turn to can be challenging. Dear Zoe Experts, I’ve been looking for tax planning guidance and am deciding whether to hire a financial advisor or an accountant.

Financial Advisor 40

Financial Advisor Accounting Certified Financial Planner Certification 40

Harness Wealth

JUNE 9, 2023

While it may seem like a luxury that is only available to the wealthy, anyone is capable of building an effective financial plan and putting it into action. Without effective personal financial management, you risk losing money to poor budgeting, poor tax planning, or even just to inflation.

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

Harness Wealth

JUNE 5, 2024

In January of 2023, Kelley started with zero clients but has grown to 140 clients in early 2024 with annual revenue projected to be upwards of $250,000 this year. Finding the ideal client Kelley leveraged Harness’s curated tax client introductions. Onboarding tax clients with ease “Client onboarding is pretty quick with Harness.

Taxes 64

Taxes Clients Planning Tax Planning 64

WiserAdvisor

MARCH 19, 2024

The affluent also understand the importance of minimizing taxes on their investment gains and employ sophisticated tax planning strategies to take advantage of tax-efficient investment vehicles and maximize their after-tax returns.

Investing 45

Investing Investments Financial Advisor Taxes 45

Harness Wealth

MARCH 11, 2024

Generally, two definitions are widely reported within the industry: The Tax Reform Act of 1976 mandates the annual reporting of data on individual income tax returns with income of $200,000 or more. Taxpayers who fall into the top 3 tax brackets which in the 2023 tax year is anyone with income of $182,101 or more.

Startup 59

Startup Taxes Medical Retirement 59

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.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Harness Wealth

DECEMBER 8, 2022

Ensure that you are utilizing the tax-advantaged retirement accounts such as IRA and your company’s 401(k) to stack funds away for retirement and either pay tax now and let the fund grow tax-free or reduce your current year taxable income and pay tax later. Related article: Tax Benefits of a Donor-Advised Fund.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Harness Wealth

JULY 29, 2024

In this guest post, Harness Tax Advisory Council member, Griffin Bridgers, J.D., covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. contained a number of changes relevant to estate planning. citizens and residents. The SECURE Act 2.0

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59

Harness Wealth

JUNE 23, 2023

Estate planning is a critical component of a comprehensive financial plan. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving. There are many different types of trusts, each designed to address specific estate planning needs.

Estate Planning 52

Estate Planning Financial Planning Planning Taxes 52

Harness Wealth

JANUARY 24, 2023

Maryland is the only state that imposes both estate and inheritance taxes. These state taxes range from 0.8% all the way up to 20%, and can apply to estates with assets as low as $1 million. Washington, for example, which has no state income tax, does impose an estate tax of 10 to 20 percent on estates with assets of $2.2

Startup 52

Startup Tax Planning Taxes Planning 52

Discipline Funds

DECEMBER 20, 2023

Calculate your 2023 after tax income and expected after tax 2024 income. Compare this to your 2023 expenses and expected 2024 expenses. Are you saving or contributing 10-20% of your income to a dedicated savings plan? 2023 was a great year for risk assets. You can gift up to $17K in 2023 ($34k per couple).

Financial Planning 74

Financial Planning Planning Asset Allocation Retirement Planning 74

Carson Wealth

APRIL 25, 2024

Tax Planning: Optimize tax efficiency through strategies such as retirement contributions, tax-deferred accounts, and deductions and credits. Estate Planning: Draft essential documents such as wills, trusts, and powers of attorney to ensure the orderly transfer of assets. Why most of us retire earlier.”

Financial Planning 97

Financial Planning Planning Retirement Insurance Coverage 97

Sara Grillo

MAY 8, 2023

A tax advantaged asset Death benefit Tax planning needs Cash value growth Cash value liquidity benefits #2 Use a realistic (low) crediting rate in the illustration The assumed interest rate in an illustration is what is driving the long term performance. 31 March, 2023) What is a Call Option and How to ouse it with example.

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Harness Wealth

MARCH 13, 2023

As a freelancer, small business owner, or solopreneur, staying informed about changes to the tax code that can impact your unique financial situation is critical. Business meals: In 2023, businesses can claim a full 100% deduction for business meals, a significant increase from the 0% deduction in 2021 due to the COVID-19 relief bill.

Taxes 59

Taxes Tax Planning Planning Retirement 59