Wealth Management

JUNE 26, 2024

Notice 2024-55 clarifies two exceptions to the 10% additional tax.

Retirement Planning 277

Retirement Planning Distribution Retirement Planning 277

Nerd's Eye View

JANUARY 31, 2025

Which could include measures such as additional time to comply with rules that have been adopted but not yet enforced and perhaps, more broadly, an approach from the SEC that focuses more on whether a firm has robust program controls and a strong fiduciary culture rather than seeking out specific, (sometimes minor) missteps and producing enforcement (..)

Financial Planner 245

Financial Planner Retirement Planning Compliance Taxes 245

NAIFA Advisor Today

FEBRUARY 6, 2025

Mike McGlothlin , CFP, CLU, ChFC, LUTCF, NSSA, Executive Vice President, Retirement, at Ash Brokerage , is the 2024 recipient of the Kenneth Black Jr. NAIFA and FSP merged in January 2024. Leadership Award. McGlothlin manages a staff of more than 65 employees and has maintained a 90% retention rate.

Ethics 138

Ethics Retirement Planning Education CFP 138

Wealth Management

SEPTEMBER 25, 2024

Open, honest and candid discussion about retirement plan assets, Fidelity's crackdown on credential sharing, Commonwealth's new PEP and more.

Retirement Planning 277

Retirement Planning Retirement Assets Planning 277

Wealth Management

APRIL 17, 2024

Open, honest and candid discussion about the DOL rule, Pontera's new retirement plan leadership, the resurgence of senior workers and more.

Retirement Planning 277

Retirement Planning Retirement Planning 277

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

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

Tax Planning 246

Tax Planning Planning Taxes Retirement Planning 246

Nerd's Eye View

OCTOBER 2, 2024

In this environment, financial advisors have the opportunity to add value for their clients not only by giving a clear explanation about the current status of Social Security and the potential legislative changes that could improve its solvency, but also by modeling what (realistic) changes would mean for their clients' financial plans.

Retirement 246

Retirement Clients Financial Planning Financial Advisor 246

Wealth Management

FEBRUARY 28, 2024

Open, honest and candid discussion about the demise of 401(k) plans, consolidating retirement accounts, tech in DC plans and plan sponsors demanding more from their advisors.

Retirement 278

Retirement Accounting Planning 278

Wealth Management

AUGUST 14, 2024

Open, honest and candid discussion about lawsuits against TIAA and Morningstar, CITs bigger than mutual funds in TDFs, private equity in retirement plans and more.

Retirement Planning 264

Retirement Planning Retirement Planning 264

Wealth Management

APRIL 3, 2024

Open, honest and candid discussion about flexPATH's victory in court, Empower's new product for small plans, how people fail at retirement and more.

Retirement 289

Retirement Planning 289

Wealth Management

MARCH 6, 2024

Open, honest and candid discussion about the flexPATH lawsuit verdict, AI in DC plans, employee engagement, convergence and retirement plan advisor due diligence.

Retirement Planning 275

Retirement Planning Retirement Planning 275

Wealth Management

MARCH 27, 2024

Open, honest and candid discussion about Empower's retirement income platform, the latest retirement megatrend, advisors warming to DC plans and more.

Retirement 267

Retirement Planning 267

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? Your lifestyle, goals, family situation, and risk tolerance will give a unique signature to your retirement plan. How much should I be saving?

Retirement Planning 143

Retirement Planning Retirement Planning Risk Tolerance 143

Abnormal Returns

MARCH 5, 2025

Podcasts Jim O'Shaugnessy talks about the art of retirement with Christine Benz author of "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement." bogleheads.podbean.com) Dan Haylett talks with Bob Laura about building 'retirement intelligence.' (tonyisola.com) If you don't understand it, don't invest.

Retirement 162

Retirement Financial Planning Education Taxes 162

Nerd's Eye View

JANUARY 1, 2024

Welcome to the January 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Retirement Planning 246

Retirement Planning Startup Compliance Clients 246

Abnormal Returns

DECEMBER 11, 2024

(peterlazaroff.com) Christine Benz Ben Carlson talks with Christine Benz, author of "How to Retire: 20 lessons for a Happy, Successful, and Wealthy Retirement." awealthofcommonsense.com) Steve Chen talks with Christine Benz about her book "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement."

Retirement 147

Retirement Financial Advice Taxes Financial Planning 147

Nerd's Eye View

AUGUST 9, 2023

The original SECURE Act, signed into law in December 2019, changed many of the long-standing rules governing IRAs and other retirement accounts, and no single measure in the legislation had a more seismic impact on planning than the changes to the post-death distribution rules for retirement accounts.

Accounting 246

Accounting Retirement Distribution Government 246

Nerd's Eye View

MAY 6, 2024

Welcome to the May 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Financial Advisor 233

Financial Advisor Retirement Planning CFP Clients 233

Abnormal Returns

SEPTEMBER 8, 2024

awealthofcommonsense.com) Early in retirement is the time to do some tax planning. nytimes.com) The S&P 500 returned 2.43% in August 2024. Top clicks this week High yields come with risk. Don't let anyone tell you otherwise. wsj.com) Three reasons why the stock market declines. ritholtz.com) How pour-over coffee got so good.

Tax Planning 298

Tax Planning Valuation Retirement Taxes 298

Abnormal Returns

DECEMBER 4, 2024

Podcasts Christine Benz talks 2025 taxes with Ed Slott author of "The Retirement Savings Time Bomb Ticks Louder." morningstar.com) Dan Haylett talks with Christine Benz, author of "How to Retire: 20 Lessons For a Happy, Successful, And Wealthy Retirement." humbledollar.com) Have you signed up for daily e-mail newsletter?

Retirement 147

Retirement Estate Planning Taxes Assets 147

Abnormal Returns

SEPTEMBER 16, 2024

(youtube.com) Daniel Crosby talks with Cady North, Founder and CEO of North Financial Advisor, about planning for a sabbatical. standarddeviationspod.com) Retirement Retirees go back to work for any number of reasons. investmentnews.com) A checklist if a client gets laid off near retirement age.

Wealth Management 278

Wealth Management Startup CFP Retirement 278

Nerd's Eye View

JULY 10, 2024

From an advisor's perspective, TCJA's impending expiration raises the importance of planning for clients who will potentially be impacted, which, given the law's broad scope, could be nearly every client. And although TCJA's ultimate fate may still be undecided, for at least some clients the potential benefit of taking action today (e.g.,

Taxes 246

Taxes Clients Planning Numbers 246

Nerd's Eye View

OCTOBER 7, 2024

Welcome to the October 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Clients 246

Clients B2B Estate Planning Planning 246

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). A high deductible health plan (HDHP) must have a deductible of at least $1,650 for singles and $3,300 for family. The standard mileage rates for 2024 is $0.67

Taxes 97

Taxes Planning Retirement Planning Accounting 97

Abnormal Returns

OCTOBER 7, 2024

frazerrice.com) Creative Planning TPG just bought a big stake in Creative Planning. thinkadvisor.com) Creative Planning shows 'institutional investors are placing a premium on integrated wealth management businesses relative to aggregators.' riabiz.com) Charles Schwab Charles Schwab ($SCHW) CEO Wal Bettinger is retiring.

Compliance 289

Compliance Wealth Management Financial Advice Government 289

Darrow Wealth Management

FEBRUARY 9, 2025

The idea of living off dividends in retirement sounds nice, but investors often don’t realize how much money they’ll need invested to generate enough income from dividends to cover lifestyle expenses. Before you can evaluate stocks or bonds to invest in, you’ll need to develop the metrics you plan to use in the analysis.

Retirement 67

Retirement Asset Allocation Taxes Portfolio 67

MainStreet Financial Planning

NOVEMBER 8, 2024

As December unfolds, it’s easy to overlook year-end tax planning amid the holiday hustle. Maximize Your Retirement Contributions: Enhancing your retirement savings not only secures your future but also offers immediate tax benefits. However, dedicating a few moments now can lead to significant savings come tax season.

Taxes 97

Taxes Medical Consulting Education 97

Nerd's Eye View

SEPTEMBER 11, 2024

Among all the different types of retirement account beneficiaries, those who are the surviving spouse of the original account owner receive the most preferential tax treatment when it comes to distributing the account's assets after the owner's death. But the SECURE 2.0

Accounting 246

Accounting Retirement Distribution Taxes 246

Abnormal Returns

NOVEMBER 18, 2024

kitces.com) Tax planning and wealth management go hand-in-hand. wealthmanagement.com) The biz The 2024 Fidelity RIA Benchmarking Study is out. advisorperspectives.com) 7 areas where advisers may be falling short with retired clients. justincastelli.io) Taxes Some speculation on what is next for the TCJA.

Wealth Management 147

Wealth Management Wealth Advisor Tax Planning Taxes 147

Darrow Wealth Management

NOVEMBER 11, 2024

Updated for 2024 – 2025. Although any investor with earned income can make a non-deductible contribution to an IRA (up to $7,000 in 2024-2025 if under age 50) and still take advantage of tax-deferred growth, it still may not be advisable. Investors often ask: should I be making nondeductible IRA contributions? Why non-deductible?

Taxes 95

Taxes Distribution Retirement Retirement Planning 95

Abnormal Returns

DECEMBER 18, 2023

standarddeviationspod.com) Thomas Kopelman talks planning for people planning to move outside the U.S. wealthmanagement.com) Retirement accounts What's changing for retirement accounts in 2024. thinkadvisor.com) Aging What is advanced care planning? with Jack Thomas. It's time to get up to speed.

Retirement 278

Retirement Accounting Planning Clients 278

Nerd's Eye View

AUGUST 2, 2023

Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the process, including accessing tax credits that can significantly defray these expenses. At the same time, adoption can be expensive, with costs that can add up to $70,000 or more.

Taxes 246

Taxes Planning Financial Advisor Strategic Planning 246

Nerd's Eye View

DECEMBER 13, 2024

Also in industry news this week: While the SEC has had the power to restrict mandatory arbitration clauses in RIA client agreements for more than a decade, an advisory committee meeting this week suggests support for such a measure isn't unanimous CFP Board saw a record number of exam-takers during 2024, reflecting recognition of the professional and (..)

Financial Planner 246

Financial Planner CFP Retirement Certification 246

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 Percentage of Americans with a Will: 32% Caring.com’s 2024 Wills Survey indicates that only 32% of people in America have a will. million Ages 65-74, new worth $1.78

Retirement 98

Retirement Financial Planning Planning Accounting 98

Advisor Perspectives

APRIL 25, 2024

million Americans turning 65 in 2024, advisors are navigating four core risks that will impact their portfolios in retirement: longevity, inflation, volatility, and emotions. With nearly 4.5 We will discuss new research by Dr. Wade Pfau, professor at The American College of Financial Services.

Retirement Planning 102

Retirement Planning Retirement Planning Financial Services 102

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.

Financial Planner 246

Financial Planner Retirement Communication Financial Advisor 246