IRS Issues New Guidance on Retirement Plan Early Distributions
Wealth Management
JUNE 26, 2024
Notice 2024-55 clarifies two exceptions to the 10% additional tax.
Weekend Reading For Financial Planners (December 28–29)
Nerd's Eye View
DECEMBER 27, 2024
Also in industry news this week: According to a recent survey, advisors are putting an increasing share of client assets into model portfolios, allowing for customization and time savings that advisors appear to be using to provide more comprehensive planning services RIA M&A deal volume saw an annual record in 2024 as a lower cost of capital, (..)
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Weekend Reading For Financial Planners (February 1–2)
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 (..)
The 2024 Kenneth Black Jr. Leadership Award Winner Is Mike McGlothlin
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.
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401(k) Real Talk Episode 123: September 25, 2024
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.
401(k) Real Talk Episode 102: April 17, 2024
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.
401(k) Real Talk Episode 118: August 14, 2024
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.
401(k) Real Talk Episode 96: March 6, 2024
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.
The Latest In Financial #AdvisorTech (January 2024)
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!
The Latest In Financial #AdvisorTech (May 2024)
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!
The Power of RILAs in Retirement Planning
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.
Weekend Reading For Financial Planners (January 27-28)
Nerd's Eye View
JANUARY 26, 2024
Also in industry news this week: A House committee has advanced a bill that would extend several expired business-related tax measures from the Tax Cuts and Jobs Act and would increase the value of the Child Tax Credit The SEC released its examination priorities for 2024, which include a focus on advisers' adherence to their duty of care and duty of (..)
Wealth.com Raises $30M To Provide Estate Documents To Advisors’ Clients (And More Of The Latest In Financial #AdvisorTech – October 2024)
Nerd's Eye View
OCTOBER 7, 2024
Welcome to the October 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
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Adviser links: a positive experience
Abnormal Returns
NOVEMBER 6, 2023
ft.com) Creative Planning has closed on its purchase of Goldman Sachs' ($GS) PFM unit. citywire.com) Creative Planning is expanding its reach in the retirement plan space. thinkadvisor.com) The 10 best financial advisor conferences to attend in 2024. riaintel.com) How to prep an RIA for sale. kitces.com)
“How Much More Will I Get?”: Calculating The Impact Of WEP And GPO’s Repeal On Social Security Benefits
Nerd's Eye View
FEBRUARY 12, 2025
The new law repeals both the WEP and GPO, restoring full Social Security benefits to affected individuals, retroactive to January 2024.
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SEP IRA for the Self-Employed: Tax & Retirement Planning for Small Business Owners
Darrow Wealth Management
SEPTEMBER 19, 2024
Updated for 2024. Unlike most types of retirement plans, the SEP IRA is funded by the employer. A SEP IRA (Simplified Employee Pension Individual Retirement Account) is a type of retirement plan specifically designed for self-employed individuals and small business owners. What is a SEP IRA?
2024 IRS Contribution Limits For IRAs, 401(k)s, and More
Darrow Wealth Management
NOVEMBER 2, 2023
The IRS has released the 2024 contribution limits for retirement plans and other cost-of-living adjustments.
Weekend Reading For Financial Planners (December 14–15)
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 (..)
Weekend Reading For Financial Planners (July 27-28)
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.
Weekend Reading For Financial Planners (January 20-21)
Nerd's Eye View
JANUARY 19, 2024
Also in industry news this week: While the total number of RIA M&A deals in 2023 fell short of a record-setting 2022 amidst an elevated interest rate environment, continued interest from private equity firms and creative deal structures could boost deal flow in 2024 While the SEC authorized 11 "Spot" Bitcoin ETFs last week, comments from chair (..)
Animal Spirits: Live at Future Proof 2024
A Wealth of Common Sense
SEPTEMBER 18, 2024
Today’s Animal Spirits is brought to you by YCharts and Fabric: See here for 20% off your initial YCharts professional subscription Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life On today’s show, we discuss: How Individual Retirement Accounts Changed the Stock Market Forever Social Security: (..)
Retirement Planning: What Will Work Best for You?
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.
Planning For Adoption: Understanding Different Pathways And Their Costs, Tax Breaks, And Financial Assistance Available
Nerd's Eye View
AUGUST 2, 2023
For instance, the Federal Adoption Credit provides a nonrefundable credit of up to $15,950 per child for adoptions in 2023 (claimed on 2024 tax returns), with no limit on the number of adopted children to whom this credit can apply.
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Make your 2024 Taxes Less Taxing by giving yourself a Tax Checkup!
MainStreet Financial Planning
MARCH 14, 2024
Here are 5 areas to review to determine if you may need to make some adjustments for 2024. Review Tax Withholding: Check your paystubs to assess if adjustments to your W-4 are needed to avoid overpaying or underpaying taxes in 2024. The post Make your 2024 Taxes Less Taxing by giving yourself a Tax Checkup!
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The Best Of Weekend Reading 2023: Top 25 Articles You Might Have Missed
Nerd's Eye View
DECEMBER 25, 2023
And as 2023 draws to a close, we wanted to highlight 25 of the most popular and insightful articles that were featured throughout the year (that you might have missed!). Read More.
9 Year-End Planning Tips from a Wealth Planner
Carson Wealth
DECEMBER 8, 2023
Attorneys are telling us that 2024 is the time to review and change your estate plan as the lines may be out the door in 2025 for taxpayers wanting to make last minute changes to take advantage of the higher exemption amount. Lastly, I allocate the retirement plan contributions between Roth and Traditional 401(k) accounts.
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Why Your Social Security Income Might Be Taxed – And How to Plan for It!
Talon Wealth
NOVEMBER 12, 2024
Here’s how it breaks down for 2023-2024: If a couple’s total retirement income is between $32,000 and $44,000, up to 50% of Social Security benefits could be taxable. This is why having a smart, well-rounded retirement plan that includes income planning and tax planning is so important!
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Secure Act 2.0: What You Need to Know
Your Richest Life
JANUARY 20, 2023
Student Loan and Roth Account Matching Employers will be able to match employees’ student loan payments to a workplace retirement account beginning in 2024. Before this change, matches on employer plans were pre-tax. Emergency Savings Beginning in 2024, some retirement plans could add an emergency savings component.
The Growing Appeal of Semi-Retirement
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.
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IRS Announces 2024 Plan Contribution Limits
Tobias Financial
NOVEMBER 30, 2023
If you’re planning to boost your retirement savings, the latest announcement from the Internal Revenue Service (IRS) brings good news. In 2024, contribution limits for most retirement plans will be increased by $500, providing individuals with additional opportunities to secure their financial future.
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Stocks vs. Bonds: Historical Returns, Risk, and the Case for Both
Darrow Wealth Management
MARCH 3, 2025
Stocks vs bonds historical returns by calendar year (1997 – 2024) Top takeaways: Between 1997 and 2024, the S&P 500 returned 9.7% Returns shown are based on calendar year returns from 1950 to 2024. Growth of $100,000 is based on annual average total returns from 1950 to 2024. on an average annualized basis.
Secure Act 2.0 to Bring Sweeping Changes to Retirement Rules
Darrow Wealth Management
DECEMBER 23, 2022
IRAs: the $1,000 catch-up limit will be indexed by inflation for tax years starting in 2024. would permit employers to make matching contributions to an employee’s 401(k) and 403(b) retirement plan, even if the worker isn’t saving themselves. 529 plan to Roth IRA rollovers. The Secure Act 2.0 Other Roth changes.
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Websites for Financial Advisors: What’s Working in 2024
Indigo Marketing Agency
JULY 23, 2024
The imagery also suggests the luxury of boat ownership, a common retirement dream, painting an appealing picture without making specific claims about future returns. The post Websites for Financial Advisors: What’s Working in 2024 appeared first on Indigo Marketing Agency.
Marianela Collado to Speak on CNBC Women & Wealth – March 5th, 2024.
Tobias Financial
FEBRUARY 25, 2024
We are thrilled to announce that our CEO, Marian ela Collado , CPA/PFS, CFP®, CDS® will serve as one of the speakers at the upcoming CNBC Women & Wealth on March 5 th , 2024. Marianela’s session will focus on retirement planning and how women can maximize their financial future. appeared first on www.tobiasfinancial.com.
42% More Likely to Succeed? Write Down Your 10 Financial Goals for 2025!
Dear Mr. Market
DECEMBER 31, 2024
Ready to Tackle 2024? Whether youre fine-tuning your budget or planning your retirement roadmap, dont go it alone. Happy Planning and best to you in 2025! Lets make this year one for the financial record books.
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Mega Backdoor Roths: A How-to Guide
Harness Wealth
JANUARY 9, 2025
Strategy Contribution Limit (2024) Advantages Disadvantages Backdoor Roth IRA $7,000 ($8,000 if 50+) Circumvents income limits for Roth IRA, providing increased tax-free growth Low annual limit and pro-rata rule complications. Its important, therefore, to stay informed about potential changes that could impact your retirement plan.
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Helping Nervous Clients Understand The (True) State Of The Social Security System And What It Means For Their Retirement
Nerd's Eye View
OCTOBER 2, 2024
on up to $168,600 of income in 2024 for the Social Security portion of FICA). Which means that even if the trust fund reserves were to become depleted (currently estimated to occur in 2035), the system would continue to pay the majority of benefits that are simply covered by the ongoing receipt of significant payroll tax revenue.
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Pay for College Like a Pro: Taxes and the FAFSA
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. As you file 2023 taxes, take a moment to think about what you can do to optimize your 2024 tax year especially if you have a child in their sophomore year in high school. Delay bonus if possible.
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Retirement Planning Tips: How Much an Average Person 65 and Older Spends Every Month
WiserAdvisor
JANUARY 16, 2024
This data can serve as a baseline for tailoring your retirement plan, taking into account factors such as inflation, your current age, and your desired retirement age. For instance, in 2024, the contribution limit for 401(k) accounts has increased to $23,000 from $22,500 in 2023.
Midlife Money Myths: Finances After 40
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.
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Marianela Collado to Speak on CNBC Women & Wealth – March 5th, 2024.
Tobias Financial
FEBRUARY 25, 2024
We are thrilled to announce that our CEO, Marian ela Collado , CPA/PFS, CFP®, CDS® will serve as one of the speakers at the upcoming CNBC Women & Wealth on March 5 th , 2024. Marianela’s session will focus on retirement planning and how women can maximize their financial future.
How Will the Cost of Living Impact Retirees in 2024?
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. Cost of Living Adjustment (COLA), 2024 amounts are currently projected to see a steep reduction.
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How Will the Cost of Living Impact Retirees in 2024?
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. Cost of Living Adjustment (COLA), 2024 amounts are currently projected to see a steep reduction.
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Social Security: Will It Still Be There?
NAIFA Advisor Today
JUNE 6, 2024
In the ever-evolving landscape of retirement planning, Social Security remains a critical source of income for most Americans. Join us for a webinar on Wednesday, June 26, 2024, from 12:00 pm to 1:00 pm Eastern, sponsored by Security Mutual Life which can help you deal with the concerns that clients may have.
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