Darrow Wealth Management

JULY 30, 2024

For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. It can also preclude some tax planning strategies down the road.

Taxes 98

Taxes Tax Planning Startup Valuation 98

Harness Wealth

OCTOBER 16, 2024

We recently connected with Michael Paley, Chief Operating Officer of Klingman & Associates , for a Q&A on how tax advisors can collaborate with wealth managers to better serve clients. Unlike an endowment, taxes really matter. What we often see is people are too late to think about estate taxes.

Wealth Management 52

Wealth Management Taxes Clients Management 52

Darrow Wealth Management

MARCH 29, 2024

6 Tax Strategies for Incentive Stock Options and AMT When an ISO exercise triggers AMT (simple hypothetical example) Here’s a simplified hypothetical example of how an ISO exercise can create an alternative minimum tax liability for a single filer in 2024 (ignoring all other sources of income and the 3.8%

Taxes 101

Taxes Tax Planning Planning Wealth Management 101

Darrow Wealth Management

JULY 1, 2024

Lowering the estate and gift tax limits The current exemption was raised dramatically in 2018. In 2024, a single taxpayer can claim a federal estate and lifetime gift tax exemption of $13.61 This tax benefit is scheduled to sunset at the end of 2026. Last reviewed June 2024 The post Major Tax Changes Are Coming in 2026.

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Taxes Tax Planning Planning Estate Planning 104

Darrow Wealth Management

SEPTEMBER 26, 2024

This infographic has more on how a brokerage account is taxed. Tax planning opportunities in retirement If you only have assets in tax-deferred accounts, you may have fewer tax planning options in retirement. Tax-deductible contributions means distributions in retirement are taxable as regular income.

Accounting 97

Accounting Retirement Distribution Taxes 97

Darrow Wealth Management

MARCH 24, 2024

6 tax strategies for incentive stock options and AMT Triggering the alternative minimum tax isn’t the end of the world, but you don’t want to do it by accident. By the end of the year, you already know most of the tax inputs so your CPA and financial advisor can help in developing a tax projection.

Taxes 59

Taxes Tax Planning Planning Financial Advisor 59

Darrow Wealth Management

DECEMBER 23, 2022

would keep the age 50 catch-ups and allow new ones: 401(k) & 403(b) plans: starting in 2025, the catch-up contribution will become the greater of $10,000 or 150% of the catch-up limit for individuals between age 60 – 63. IRAs: the $1,000 catch-up limit will be indexed by inflation for tax years starting in 2024.

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Retirement Retirement Planning Distribution Taxes 103

Darrow Wealth Management

NOVEMBER 20, 2023

As part of the new rules, non-spouse beneficiaries inheriting a pre-tax retirement account after 2020 must drain the account within 10 years (and potentially take RMDs within that time also, though further guidance is expected in 2024). But there are other ways to go about tax planning.

Retirement 101

Retirement Distribution Taxes Accounting 101

Darrow Wealth Management

MARCH 24, 2024

6 tax strategies for incentive stock options and AMT Triggering the alternative minimum tax isn’t the end of the world, but you don’t want to do it by accident. By the end of the year, you already know most of the tax inputs so your CPA and financial advisor can help in developing a tax projection.

Taxes 52

Taxes Tax Planning Planning Financial Advisor 52

Darrow Wealth Management

JULY 30, 2024

For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. It can also preclude some tax planning strategies down the road.

Taxes 52

Taxes Tax Planning Startup Valuation 52

Darrow Wealth Management

JANUARY 9, 2023

The ability to do 529 plan to Roth IRA rollovers goes into effect January 2024. No required minimum distributions (RMDs) in Roth 401(k) plans. Starting in 2024, individuals who left assets in a Roth employer plan won’t be subject to mandatory distributions during their life. Prior to the passing of Secure Act 2.0,

Accounting 59

Accounting Taxes Tax Planning Distribution 59

Darrow Wealth Management

MARCH 29, 2024

6 Tax Strategies for Incentive Stock Options and AMT When an ISO exercise triggers AMT (simple hypothetical example) Here’s a simplified hypothetical example of how an ISO exercise can create an alternative minimum tax liability for a single filer in 2024 (ignoring all other sources of income and the 3.8%

Taxes 52

Taxes Tax Planning Planning Wealth Management 52

Darrow Wealth Management

JULY 1, 2024

Lowering the estate and gift tax limits The current exemption was raised dramatically in 2018. In 2024, a single taxpayer can claim a federal estate and lifetime gift tax exemption of $13.61 This tax benefit is scheduled to sunset at the end of 2026. Last reviewed June 2024 The post Major Tax Changes Are Coming in 2026.

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

Darrow Wealth Management

FEBRUARY 19, 2024

In February 2024, Microsoft is the largest company by market cap in the world with a 7.3% The post 5 Ways to Manage a Concentrated Stock Position appeared first on Darrow Wealth Management. weighting in the S&P 500.

Management 110

Management Taxes Portfolio Estate Planning 110

Harness Wealth

JUNE 9, 2023

In this article, we’ll go into detail on what to think about when it comes to financial planning, as well as a step-by-step process of how to build a sample financial plan that aligns with your personal goals and needs. Table of Contents What is a Financial Plan? Why is Financial Planning so Important?

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

FMG

FEBRUARY 22, 2023

Events Emory Hendrix, AAMS of Crescent Wealth Management , has found great success in event hosting. For example, FMG and Holistiplan held a webinar about how tax offering tax planning is a big growth opportunity for financial advisors. 5 Marketing Tactics Bringing Real Results 1.

Marketing 52

Marketing Marketing Financial Advisor Media 52

Darrow Wealth Management

NOVEMBER 14, 2024

And planning strategies, risks, and other considerations will vary with each unique set of circumstances. It’s also key to not let the tax tail wag the dog when making financial decisions. Darrow Wealth Management specializes in stock options and equity compensation. appeared first on Darrow Wealth Management.

Taxes 53

Taxes Sales Wealth Management Planning 53

Darrow Wealth Management

NOVEMBER 11, 2024

Updated for 2024 – 2025. Because many taxpayers earn too much to make pre-tax IRA contributions as they have a 401(k) at work. Many people end up paying taxes twice. There are income limits for contributions to a traditional IRA that qualify for a tax deduction. See 2024 limits and 2025 limits.

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Distribution Taxes Retirement Retirement Planning 97

Darrow Wealth Management

NOVEMBER 5, 2024

In addition, 7% of the amount excluded is a preference item for the alternative minimum tax. Remember, this is a summary of the tax implications for section 1202 of the tax code (as of 11/2024); it’s not tax advice! Discuss your situation with a tax advisor.

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Taxes Wealth Management Tax Planning Assets 68

Harness Wealth

JULY 29, 2024

In this guest post, Harness Tax Advisory Council member, Griffin Bridgers, J.D., covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. However, awareness is key, both for clients and advisors. citizens and residents. The SECURE Act 1.0

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59

Darrow Wealth Management

SEPTEMBER 11, 2024

Tax treatment of an inherited IRA or retirement account Most retirement accounts are funded with pre-tax dollars so distributions are fully taxable to you, the beneficiary, as regular income. As a result, tax planning is critical, particularly if you’ve inherited a large 401(k) or IRA.

Accounting 97

Accounting Retirement Distribution Taxes 97

Darrow Wealth Management

JANUARY 29, 2024

Limiting access can provide estate tax planning benefits for some). Other living trust benefits State estate tax planning. States have their own estate tax laws. For example, the Massachusetts estate tax exemption is currently $2M per person. Darrow Wealth Management does not offer legal or tax advice.

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Estate Planning Distribution Taxes Assets 99

Darrow Wealth Management

OCTOBER 1, 2024

Limiting access can provide estate tax planning benefits for some). Trust benefit #3: Trusts can help minimize estate taxes The federal estate tax exemption for married couples is $13.61M per person in 2024 and portable between spouses. Last reviewed October 2024] The post Should I Put My Assets in a Trust?

Assets 98

Assets Estate Planning Distribution Fiduciary Duty 98

Darrow Wealth Management

JULY 24, 2023

But just last week, the IRS again waived penalties on missed distributions for 2023 and indicated that final guidance won’t come until 2024. For those who have not yet considered planning strategies around inherited IRA distributions, now is the time. In the release, the IRS said they expect to release final guidance in 2024.

Distribution 52

Distribution Retirement Accounting Taxes 52

Indigo Marketing Agency

JANUARY 25, 2025

Michael Kitces Reason to Follow: Deep insights into financial planning and wealth management Michael Kitces continues to dominate as a thought leader in financial planning. Whether its tax planning, practice management, or technology trends, Michael remains a go-to resource for cutting-edge knowledge.

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Financial Advisor Education CFP Clients 52