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.

Planning 142

Planning Retirement Planning Taxes Retirement 142

Your Richest Life

APRIL 15, 2024

Do you have a plan in place for your retirement? For many people, the extent of their retirement planning includes signing up for the plan at work – which is often more of a starting point than a comprehensive retirement plan. It also allows for an IRS match up to 4 percent.

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Retirement Planning Retirement Planning Taxes 52

Your Richest Life

JANUARY 20, 2023

Whether you’re decades from retirement or quickly approaching it, some of these changes will likely impact you and your financial plan. Student Loan and Roth Account Matching Employers will be able to match employees’ student loan payments to a workplace retirement account beginning in 2024. Secure Act 2.0:

Retirement Planning 105

Retirement Planning Retirement Accounting Planning 105

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

Your Richest Life

MARCH 8, 2024

But it’s also a time to pay attention to the financial challenges women are still facing, and how to overcome them. Taking Time Off: Financial Planning for Women Women are still the primary caretakers, both for children and other family members. In 2024, for every dollar men earn, women earn 84 cents.

Financial Planning 59

Financial Planning Planning Medical Retirement Planning 59

Indigo Marketing Agency

JULY 23, 2024

Instead of setting your web presence on the back burner for another month, draw inspiration from some of the effective, professional websites for financial advisors that the marketing experts here at Indigo Marketing Agency have built recently. Seals Financial Planning & Investments What does Seals do right?

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Financial Advisor Certified Financial Planner Retirement Clients 98

Your Richest Life

NOVEMBER 26, 2024

Myth #2: You should plan to retire in your 60s With more people going back to school or changing careers later, holding off on retiring is becoming more common, too. The average retirement age has been increasing over the past few decades, from 57 in 1991 to 62 in 2024. And then, there are the un-retirees.

Retirement 52

Retirement Planning Fee Only Financial Planning 52

Darrow Wealth Management

APRIL 15, 2024

It goes by many different names: semi-retirement, partial or phased retirement, second career, and so on. But typically, it means the same thing: working in some capacity after retiring early. A partial retirement helps with the emotional transition There are two phases of retirement planning: time and money.

Retirement 105

Retirement Retirement Planning Insurance Medical 105

Integrity Financial Planning

MAY 16, 2023

designated Roth 401(k) accounts in 2024 will not have to take RMDs in their lifetime. [4] The reason RMDs exist is that many retirement accounts are pretax vehicles, meaning the money that you have put into them has not been taxed yet. 7] Planning for RMDs is essential for retirement planning. Find them here.

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Accounting Retirement Retirement Planning Taxes 88

MainStreet Financial Planning

OCTOBER 24, 2024

To open an HSA, you must be enrolled in a high-deductible health plan (HDHP). In 2024, the annual contribution limits are: – $4,150 for individuals. This makes HSAs a great tool for both short-term healthcare costs and long-term financial planning. How Does an HSA Work? – $8,300 for families.

Accounting 98

Accounting Medical Healthcare Taxes 98

Darrow Wealth Management

FEBRUARY 26, 2025

For most investors, their financial situation requires more growth than bonds alone can typically provide to outpace inflation and support retirement goals.Recessions are temporary, but your portfolio needs to last a lifetime. The Callan Periodic Table ranks calendar year returns for various asset classes.

Marketing 53

Marketing Marketing Retirement Portfolio 53

Darrow Wealth Management

FEBRUARY 9, 2025

Generally, investors don’t increase their risk profile as they move through retirement. Allocation choices also shouldn’t be based on the notion that dipping into principal derails a financial plan. If you have questions about your personal financial situation, consider speaking with a financial advisor.

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Retirement Asset Allocation Taxes Portfolio 70

Darrow Wealth Management

FEBRUARY 18, 2025

Don’t stress out about every headline, stress test your retirement plan instead.Markets move every day and the news cycle is 24-7. Unfortunately, headlines often leave investors wondering what the news means for their portfolio and financial outlook. between 1995 – 2024.

Retirement 53

Retirement Planning Retirement Planning Financial Planning 53

Darrow Wealth Management

OCTOBER 28, 2024

Don’t discount your non-financial goals and what you plan to do after you sell. Going from running a company to suddenly retired can be a difficult transition for some people. Create a formal financial plan. A liquidity event is a great opportunity to develop a long-term investment plan.

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Sales Taxes Estate Planning Planning 102

Trade Brains

DECEMBER 7, 2023

The Financial Education Certification Series XVIII course offered by NISM is a text-based self-study course that contains 12 modules. The topics covered in this course are key concepts in personal finance, financial planning & budgeting, savings, investment in securities, insurance, pension, retirement, and borrowing.

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Budgeting Certification Education Asset Allocation 59

Sara Grillo

APRIL 28, 2023

When : Wednesday, March 13th – Thursday, March 14th, 2024 Where : DoubleTree by Hilton St. If you wish to transfer your ticket to another party, you may do so before March 1, 2024, and you agree to notify Sara Grillo immediately of any changes in ownership. Founder of Measure Twice Financial and Measure Twice Planners.

CFP 52

CFP Taxes Sales Financial Advisor 52

Darrow Wealth Management

SEPTEMBER 26, 2024

Using different tax vehicles also helps reduce the risk that unfavorable changes to tax laws pertaining to one type of account will impact your whole financial plan. No required minimum distributions Unlike Traditional IRAs, 401(k)s, 403(b), pension plans, etc., See 2024 limits to determine whether you’re eligible.

Accounting 97

Accounting Retirement Distribution Taxes 97

Fortune Financial

JULY 12, 2023

How Will the Cost of Living Impact Retirees in 2024? As we look forward to 2024, it is important to acknowledge the ever-changing dynamics of the cost of living and its profound impact on retirees. With various factors contributing to the cost of living, how can retirees navigate the financial hurdles facing their generation?

Healthcare 52

Healthcare Retirement Budgeting Financial Advisor 52

Fortune Financial

JULY 12, 2023

How Will the Cost of Living Impact Retirees in 2024? As we look forward to 2024, it is important to acknowledge the ever-changing dynamics of the cost of living and its profound impact on retirees. With various factors contributing to the cost of living, how can retirees navigate the financial hurdles facing their generation?

Healthcare 52

Healthcare Retirement Budgeting Financial Advisor 52

Indigo Marketing Agency

JULY 23, 2024

Instead of setting your web presence on the back burner for another month, draw inspiration from some of the effective, professional websites for financial advisors that the marketing experts here at Indigo Marketing Agency have built recently. Seals Financial Planning & Investments What does Seals do right?

Financial Advisor 52

Financial Advisor Certified Financial Planner Retirement Clients 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.

Retirement 101

Retirement Distribution Taxes Accounting 101

Darrow Wealth Management

JULY 1, 2024

In 2024, a single taxpayer can claim a federal estate and lifetime gift tax exemption of $13.61 For example, suppose you gift $7 million in 2024 when the individual limit is $13.61 Business owners may be able to accelerate tax-deferred savings even more through different retirement plan structures. Are You Ready?

Taxes 104

Taxes Tax Planning Planning Estate Planning 104

WiserAdvisor

JANUARY 9, 2024

As we usher in 2024, it’s time to turn over a new leaf, not just personally but financially as well. The tradition of making New Year’s resolutions often centers around self-improvement, and what better way to enhance your life than by fortifying your financial health?

Budgeting 40

Budgeting Retirement Planning Retirement Accounting 40

Darrow Wealth Management

APRIL 15, 2024

It goes by many different names: semi-retirement, partial or phased retirement, second career, and so on. But typically, it means the same thing: working in some capacity after retiring early. A partial retirement helps with the emotional transition There are two phases of retirement planning: time and money.

Retirement 52

Retirement Retirement Planning Insurance Medical 52

WiserAdvisor

MARCH 22, 2024

Embarking on the journey toward retirement often begins with the echoing question: How much money is enough to retire comfortably? This inquiry paves the way for financial planning and unravels the complexity of individual aspirations, lifestyle choices, and the inevitable uncertainty of future needs.

Retirement 52

Retirement Retirement Planning Financial Advisor Planning 52

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

Ballast Advisors

NOVEMBER 27, 2023

Defer income to next year Consider opportunities to defer income to 2024, particularly if you think you may be in a lower tax bracket then. Save more for retirement Deductible contributions to a traditional IRA and pre-tax contributions to an employer-sponsored retirement plan such as a 401(k) can reduce your 2023 taxable income.

Taxes 40

Taxes Retirement Planning Distribution Retirement 40

WiserAdvisor

OCTOBER 9, 2023

The rules surrounding Individual Retirement Accounts (IRAs) undergo frequent and impactful changes. While IRAs are a cornerstone for many retirement plans, these accounts being inherited adds a layer of complexity to them. This penalty can be reduced to 10% if you make up for the missed RMD within two years.

Distribution 52

Distribution Taxes Retirement Accounting 52

Random Roger's Retirement Planning

AUGUST 18, 2024

BTAL did well in 2022 and surprisingly it is having a good year in 2024 but "put it all in BTAL and forget it" is a terrible idea. For anyone who doesn't know, John Hussman is a permabear who does a great job of framing the prevailing bear case.

Management 52

Management Financial Planning Clients Marketing 52

Tucker Advisors

APRIL 4, 2023

By next year, 2024, one in four workers will be 55 or older, which is an over 100% increase from 30 years ago in 1994. Since 1980 through 2014, workers with retirement plans that included a pension fell from 39% to 13%, a 200% decline. Conversely, workers who only have 401(k)s or defined contribution plans, rose from 9 to 34%.

Retirement 75

Retirement Financial Advisor Planning Accounting 75

Nerd's Eye View

DECEMBER 30, 2024

Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more.

Financial Advisor 240

Financial Advisor Insurance Tax Planning Taxes 240

Darrow Wealth Management

JULY 1, 2024

In 2024, a single taxpayer can claim a federal estate and lifetime gift tax exemption of $13.61 For example, suppose you gift $7 million in 2024 when the individual limit is $13.61 Business owners may be able to accelerate tax-deferred savings even more through different retirement plan structures. Are You Ready?

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

FMG

FEBRUARY 28, 2024

In fact, in 2024, it’s said that there will be 509 million podcast listeners globally , with over 100 million active listeners a week in the U.S. It’s a bi-weekly podcast that delves into the intricate world of financial wealth management. Covering everything from investment strategy to retirement planning and more.

Financial Advisor 52

Financial Advisor Wealth Management Advertising Retirement 52

Carson Wealth

MARCH 7, 2024

By Jake Anderson, CFP ® , Wealth Planner When helping clients begin retirement planning, the same questions often arise: What should my retirement plan look like? Although there are some basic guidelines, your financial life is as unique as your fingerprint. Looking for personalized retirement planning advice?

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Retirement Planning Retirement Planning Risk Tolerance 143

WiserAdvisor

MARCH 13, 2024

Within this framework, the concept of the five pillars of retirement planning emerges as a valuable strategy. These pillars provide a comprehensive framework for building a resilient and sustainable plan. For the tax year 2024, individuals can contribute a sum of $4,150 and families can contribute $8,300 to their HSA.

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Retirement Planning Retirement Planning Estate Planning 105

MainStreet Financial Planning

NOVEMBER 25, 2024

Eligible IRA owners age 70 ½ and older can make up to $105k in tax-free charitable donations during 2024 through qualified charitable donations (QCDs). The annual exclusion for gifts increases to $19,000 for the calendar year 2025, up from $18,000 from 2024. The standard mileage rates for 2024 is $0.67

Taxes 97

Taxes Planning Retirement Planning Accounting 97

Discipline Funds

DECEMBER 20, 2023

The end of the year is an ideal time to start planning for the year ahead and make sure you’re on target to achieve those goals. Good financial planning is all about asset and liability matching across time. A financial plan with an asset liability mismatch is likely to fail over time.

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Financial Planning Planning Asset Allocation Retirement Planning 74