Nerd's Eye View

JULY 26, 2024

The study also identified attributes of "top performing" firms across a range of metrics, finding that they are more likely than other firms to have a clear ideal client persona, client value proposition, and marketing plan.

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A Wealth of Common Sense

DECEMBER 13, 2023

Today’s Animal Spirits is brought to you by YCharts and The College for Financial Planning: See here for YChart’s Top 23 Charts of 2023 See here to learn more about The College for Financial Plannings Chartered Retirement Plans Specialist designation On today’s show, we discuss: You’re better off going all in on stocks than (..)

Retirement Planning 103

Retirement Planning Financial Planning Retirement Planning 103

Carson Wealth

DECEMBER 8, 2023

Petersen, CPA, CFP ® , CP, Affluent Wealth Planning The holidays are upon us! That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. Lastly, I allocate the retirement plan contributions between Roth and Traditional 401(k) accounts.

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Planning Retirement Planning Taxes Retirement 142

Park Place Financial

JANUARY 9, 2023

FINANCIAL PLANNING Tax and Financial Planning Ideas For 2023 Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. If you have been contemplating making more defined financial decisions, the New Year can be the ideal time to turn that aspiration into a resolution.

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Financial Planning Taxes Planning Certified Financial Planner 52

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. You can help them start the year right by conducting a retirement checkup.

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Risk Tolerance Retirement Planning Asset Allocation Retirement 102

International College of Financial Planning

JULY 31, 2023

Retirement is a time to embrace your dreams and live a contended retirement life, but it requires meticulous financial planning and preparation. Retirement planning is even more critical for self-employed individuals as they lack the safety net of traditional benefits like PPF or LTA.

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Financial Planning Retirement Planning Retirement Planning 52

Indigo Marketing Agency

DECEMBER 19, 2022

That’s why we’ve identified the top 41 financial influencers we believe will greatly impact the industry in 2023. Dorsainvil, CFP®, they are on a mission to provide access to financial planning for “the rest of us.” Lazetta believes that solid financial advice is not just for the 1%. Check out the list below.

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Financial Advisor CFP Financial Services Education 116

MainStreet Financial Planning

APRIL 4, 2024

So…if your child is a sophomore in high school right now…2024 is the tax year that will be used for financial aid eligibility. left in the tax year to make smart moves if you hope to improve your eligibility for financial aid. Do’s Don’ts Increase pre-tax retirement plan contributions if you can.

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Taxes Retirement Planning Financial Planning Planning 90

MainStreet Financial Planning

MARCH 7, 2023

The tax deadline is April 18, 2023 (some taxpayers in disaster areas in California, Georgia and Alabama have an extended deadline). Form 1099-R reports distributions from pensions, annuities, retirement plans etc. Make the last step in your tax filing process setting aside time to review your return and plan for 2023.

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Taxes Retirement Planning Distribution Planning 97

Integrity Financial Planning

JULY 17, 2023

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. 4] There are many rules regarding who is eligible for spousal IRAs, but if you qualify, doing so can be a key part of your retirement strategy.

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Retirement Taxes Retirement Planning Accounting 97

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

Your Richest Life

OCTOBER 31, 2022

Your 401(k) is a valuable part of your retirement plan, but it’s only one piece of the puzzle. . And for many people, a 401(k) is where they focus most of their retirement savings. That being said, there are some downsides to relying exclusively on a 401(k) for retirement savings. The limit for 2023 is $6,500.

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Retirement Accounting Taxes Retirement Planning 110

MainStreet Financial Planning

MARCH 14, 2024

Explore Tax-Advantaged Accounts: One way to lower your tax burden is to take advantage of your employer’s retirement plan if they have one by contributing pre-tax dollars into your 401(k) or 403(b). appeared first on MainStreet Financial Planning. Other Resources Should I do my own taxes?

Taxes 92

Taxes Retirement Planning Healthcare Retirement 92

Integrity Financial Planning

JULY 24, 2023

Average interest rates on 30-year fixed home mortgages were about 7% as of June 16, 2023, compared to roughly 3.5% If you are looking for someone to guide you through the process of retirement planning, consider reaching out to one of our financial advisors today for a complimentary review of your finances.

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Retirement Planning Financial Planning Retirement Planning 90

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

As we look forward to 2023, the IRS recently announced that the contribution limits for employer-sponsored retirement plans are going up. You may want to review your contribution amounts and adjust for January payrolls if your goal is to maximize funding your retirement plan contributions. . FINANCIAL ADVISOR.

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Insurance Coverage Retirement Planning Financial Advisor Taxes 98

Darrow Wealth Management

NOVEMBER 17, 2022

Starting in 2023, a 4% surtax will be applied to taxable income and capital gains over $1M. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023. Though tax planning is important, it’s equally important not to let the tax-tail wag the dog.

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Taxes Wealth Management Tax Planning Planning 110

Integrity Financial Planning

JANUARY 9, 2023

These concerns are best raised with a financial professional. Talk to us today to receive guidance that empowers you to get into 2023 with a solid financial plan. [1] The post 2 Ways the 2022 Economic Woes Affected Your Retirement Accounts appeared first on Integrity Financial Planning, Inc.

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Accounting Retirement Economics Financial Planning 97

Nationwide Financial

MARCH 6, 2023

More than half of non-retired women believe inflation presents the most pressing and urgent threat to their retirement portfolios, followed closely by economic recession and market volatility. More than half of women are working with a financial professional in 2023, compared to 45% in 2022.

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Retirement Retirement Planning Planning Clients 95

MainStreet Financial Planning

JUNE 23, 2023

Contribution Limits : The maximum annual contribution limit varies from state to state but is generally aligned with the annual gift tax exclusion amount, which is currently $17,000 as of 2023. The beneficiary may only make this contribution if they are not participating in any employer sponsored retirement plan.

Accounting 98

Accounting Healthcare Taxes Planning 98

Indigo Marketing Agency

AUGUST 23, 2023

Even I, a millennial, find myself seeking guidance from advisors for: Retirement planning Tax strategies Life insurance Real estate College funds for children Long-term care plans Estate arrangements Given their life stage, millennials require assistance with various financial planning aspects.

Financial Advisor 52

Financial Advisor Clients Retirement Planning Financial Advice 52

Integrity Financial Planning

JANUARY 2, 2023

From age 50 and beyond, you are eligible to make extra contributions to your 401(k) and IRA to improve your account balances as you approach retirement. The contribution limits for IRAs have increased by $1,000 from 2022, making them $7,500 in 2023. [4] Speak to us today to gain better clarity. [1] 1] [link]. [2] 2] [link]. [3]

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Retirement Accounting Taxes Financial Planning 97

Fortune Financial

APRIL 11, 2024

Diligent oversight and management of these retirement accounts is essential for anyone aiming to build a solid financial foundation for a comfortable and secure retirement. This suggests that the total value of uncashed retirement plan checks could easily exceed $500 million cumulatively.”

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Retirement Retirement Planning Financial Advisor Accounting 59

MainStreet Financial Planning

DECEMBER 8, 2022

(For example, if you choose to defer your 2022 RMD until April 1, 2023, you will still need to withdraw your 2023 annual RMD by December 31, 2023). Note: If this retirement account is a Qualified Retirement Plan (QRP), such as 401k, TSP, 403b, etc., Please contact your plan administrator for more details.

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Distribution Retirement Taxes Retirement Planning 52

Random Roger's Retirement Planning

MAY 10, 2024

An investor needing something close to equity market returns for their financial plan to work needs something of a "normal" allocation to equities. Not that 20% is universally wrong, not everyone needs close to equity market returns for their financial plan to work. Maybe that's 50% or maybe 60% but it's not 20%.

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Asset Allocation Financial Planning Portfolio Planning 96

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.

Retirement 101

Retirement Distribution Taxes Accounting 101

WiserAdvisor

JANUARY 27, 2023

Due to the complex and diverse range of their financial assets, these individuals also require specialized high-net-worth financial planners and personalized investment management tailored to meet their specific needs. 2023 may see several changes with respect to retirement plans, Social Security, etc.,

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Wealth Management Taxes Financial Planner Assets 52

Ballast Advisors

NOVEMBER 27, 2023

If you itemize deductions, making payments for deductible expenses such as qualifying interest, state taxes, and medical expenses before the end of the year (instead of paying them in early 2024) could make a difference on your 2023 return. If you haven’t already contributed up to the maximum amount allowed, consider doing so.

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Taxes Retirement Planning Distribution Retirement 40

Nationwide Financial

DECEMBER 6, 2022

There’s opportunity for you to calm these fears and provide a degree of assurance by helping clients assess the specific risks they may face in the future and developing financial plans that address these risks over the long term. economic downturn in 2023. Room for improvement. Nationwide Economics sees elevated risks of a U.S.

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Clients Retirement Economics Planning 98

Zoe Financial

MAY 18, 2023

5 Reasons Why You Should Hire a Financial Advisor Published May 18th, 2023 Reading Time: 3 minutes Written by: The Zoe Team Hiring a financial advisor is a big decision that can be crucial in helping you grow your wealth and achieve your goals. Here are 5 signs it might be time to hire a financial advisor.

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Financial Advisor Retirement Budgeting Wealth Accumulation 75

Fortune Financial

MARCH 5, 2024

A 401k is a company-sponsored retirement plan that allows employees to elect contributions to be withheld from their wages and salaries and deposited into an investment account. It is named after a section of the Internal Revenue Code that provides regulations for these types of retirement plans. What is 401k?

Retirement Planning 52

Retirement Planning Retirement Financial Advisor Taxes 52

Fortune Financial

JANUARY 11, 2024

Based on the 2022 Workplace Wellness Survey , published in the Employee Benefit Research Institute (EBRI) journal, younger employees prioritize professional development opportunities, while older employees value retirement planning more. Retirement benefits are a key component of a benefits package that attracts and retains top talent.

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Retirement Planning Education Insurance Retirement 59

Good Financial Cents

MARCH 17, 2023

For a single person, the 2023 federal poverty level for a single person without dependants was $14,580. It is important to note that while $25 is not a high hourly rate, it is still possible to live on this salary with careful budgeting and financial planning. If your family has dependents, the poverty level increases.

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Budgeting Taxes Retirement Planning Food 103

Harness Wealth

AUGUST 31, 2023

In this guide, we explore the strategic and financial considerations of building a team for your tax firm, from understanding the hiring process to outlining the unique solutions that Harness Wealth can provide. Here are the 10 highest-paying states for CPAs in 2023. Here are the 10 highest-paying states for Tax Assistants in 2023.

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Taxes Recruitment Accounting Budgeting 59

WiserAdvisor

JANUARY 10, 2023

As another year draws to a close and a new one begins, it is time to start thinking about what New Year’s resolutions you want to set for 2023. you may want to focus on financial resolutions too. This is financial planning 101. Similar to a 401k, an IRA is a tax-advantaged retirement savings account.

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Estate Planning Retirement Budgeting Financial Advisor 40

WiserAdvisor

FEBRUARY 19, 2024

Blind spots in retirement planning are those aspects that are often overlooked, either intentionally or subconsciously. From seemingly harmless low-interest debt to underestimating the emotional impact of transitioning out of the workforce, various factors can disrupt your peace of mind during your retirement years.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

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. Depending on your situation, you may need the help of a financial advisor or an accountant. When looking for a financial advisor, ensure they’re certified.

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Financial Advisor Accounting Certified Financial Planner Certification 40

Ballast Advisors

NOVEMBER 20, 2023

Roth IRAs First off, let’s clear the air about what traditional and Roth IRAs are: Traditional IRA: Think of it as a savings buddy that nudges you to save for retirement with tax perks. In 2023, you can stash away up to $6,500 (or more if you’re 50+). If married, double that!

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Planning Financial Planner Taxes Retirement Planning 52