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

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

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

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

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

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

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

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 (..)

Financial Planner 246

Financial Planner Retirement Planning Financial Advisor Retirement 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). 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 98

Taxes Planning Retirement Planning Accounting 98

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

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. In 2024 and 2025, the highest marginal tax rate is 37%. Why non-deductible?

Taxes 95

Taxes Distribution Retirement Retirement Planning 95

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)

Wealth Management 264

Wealth Management Retirement Planning Tax Planning Financial Advisor 264

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.

Retirement 245

Retirement Government Clients Planning 245

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?

Retirement Planning 90

Retirement Planning Retirement Taxes Planning 90

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.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

Darrow Wealth Management

NOVEMBER 2, 2023

The IRS has released the 2024 contribution limits for retirement plans and other cost-of-living adjustments.

Retirement Planning 105

Retirement Planning Wealth Management Taxes Retirement 105

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

Nerd's Eye View

APRIL 19, 2024

Also in industry news this week: The Office of Management and Budget (OMB) has completed its review of the Department of Labor's new "fiduciary rule ", indicating that it could be released in the coming days or weeks (though, like its predecessors, its ultimate disposition is likely to be determined in the courts) The IRS announced this week that it (..)

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

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

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 (..)

Financial Planner 246

Financial Planner Fiduciary Duty Retirement Retirement Planning 246

Carson Wealth

FEBRUARY 27, 2025

Planning has changed a lot since the Tax Cuts and Jobs Act nearly doubled the minimum standard deduction to $14,600 for single filers and $29,200 for married-filing-jointly (for 2024). There Are Still Ways to Help Optimize Your Taxes Its important to remember that were still in the tax planning season.

Taxes 103

Taxes Tax Planning Distribution Planning 103

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 107

Retirement Planning Retirement Insurance Accounting 107

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!

Taxes 97

Taxes Retirement Planning Healthcare Retirement 97

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.

Retirement Planning 52

Retirement Planning Retirement Planning Taxes 52

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.

Taxes 246

Taxes Planning Financial Advisor Strategic Planning 246

MainStreet Financial Planning

JANUARY 3, 2024

The IRS and Social Security Administration recently announced changes for 2024. The annual maximum Health Savings Account (HSA) contribution limits for 2024 will be $4,150 for self-only coverage and $8,300 for family coverage. In 2024, eligible employees may contribute up to $3,200 to a FSA (Flexible Spending Account).

Taxes 98

Taxes Retirement Planning Accounting Planning 98

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.

Financial Advisor 246

Financial Advisor Insurance Financial Planner Clients 246

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.

Planning 143

Planning Retirement Planning Taxes Retirement 143

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!

Taxes 52

Taxes Planning Retirement Planning Tax Planning 52

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.

Retirement Planning 105

Retirement Planning Retirement Accounting Planning 105

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 102

Retirement Retirement Planning Insurance Medical 102

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.

Planning 52

Planning Retirement Planning Retirement Accounting 52

Nerd's Eye View

AUGUST 9, 2023

In addition to the guidance regarding inherited accounts, Notice 2023-54 also offers a temporary RMD reprieve to retirement account owners born in 1951, who, as a result of the "SECURE 2.0" law passed in December, are now no longer required to take RMDs until they turn 73 (i.e., being passed so late in the year.

Accounting 246

Accounting Retirement Distribution Government 246

Fortune Financial

FEBRUARY 28, 2023

The employer or plan participant can contribute pre-tax dollars into this account to pay for out-of-pocket health expenses. Check out our retirement planning playlist for tips on receiving the most from your benefits. What Can You Use HSA Savings For In Retirement? The HDHP is paired with a tax-favored HSA account.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

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.

Risk Tolerance 60

Risk Tolerance Asset Allocation Assets Portfolio 60

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.

Retirement 99

Retirement Retirement Planning Distribution Taxes 99