MainStreet Financial Planning

NOVEMBER 8, 2024

Maximize Your Retirement Contributions: Enhancing your retirement savings not only secures your future but also offers immediate tax benefits. For 2024, the IRS has increased contribution limits: – 401(k), 403(b), and most 457 plans: You can contribute up to $23,000. .

Taxes 97

Taxes Medical Consulting Education 97

Darrow Wealth Management

APRIL 21, 2025

While a Roth conversion may never make sense for some individuals, for others, early retirement years may be the best time to convert pre-tax accounts to tax-free Roth. Converting a traditional IRA to a Roth doesnt make sense unless you have cash to pay taxes without dipping into your retirement savings.

Retirement 52

Retirement Retirement Planning Taxes Accounting 52

Zoe Financial

MARCH 21, 2025

Published: March 21st, 2025 Reading Time: 6 minutes Written by: The Zoe Team Managing wealth involves more than just investingit requires careful planning, strategic decision-making, and a long-term vision. Estate Planning : Ensuring your wealth is passed on according to your wishes.

Financial Advisor 40

Financial Advisor Strategic Planning Estate Planning Retirement 40

Carson Wealth

DECEMBER 8, 2023

Many states also exempt retirement income, which may include Social Security. However, retirement income is generally included for income related monthly adjustment amount (IRMAA) computations to determine if supplemental payments are due for Medicare Part B and Medicare Part D premiums.

Planning 142

Planning Retirement Planning Taxes Retirement 142

Financial Symmetry

APRIL 14, 2025

Each state will have its own 529 plan through its selected investment custodian, but you can open one at ones where you may already have accounts set up (Fidelity, Vanguard, etc.). Consulting with a dedicated estate planning attorney is crucial before setting these types of irrevocable trusts up.

Accounting 60

Accounting Taxes Education Planning 60

Harness Wealth

APRIL 17, 2025

Understanding business meal deductions Business meals continue to serve as a valuable tax deduction in 2025, with most qualifying expenses being 50% deductible when they involve legitimate business discussions with clients, customers, or associates. Partner with Harness for top-tier advisory services in financial, tax, and estate planning.

Taxes 52

Taxes Tax Planning Professional Services Planning 52

Darrow Wealth Management

JULY 1, 2024

The TCJA has many provisions that are set to expire (sunset) at the end of 2025. Mortgage interest will once again be tax-deductible on larger loans As a result of the 2017 legislation, between 2018 and 2025, interest on new mortgages is only tax-deductible up to $750,000 of mortgage debt on a primary or second home.

Taxes 105

Taxes Tax Planning Planning Estate Planning 105

Advisor Perspectives

OCTOBER 1, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan. My guests today are two members of the MassMutual team.

Taxes 52

Taxes Estate Planning Distribution Sales 52

Advisor Perspectives

SEPTEMBER 27, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan. My guests today are two members of the MassMutual team.

Taxes 52

Taxes Estate Planning Distribution Sales 52

Zoe Financial

MARCH 21, 2025

Published: March 21st, 2025 Reading Time: 6 minutes Written by: The Zoe Team Managing wealth involves more than just investingit requires careful planning, strategic decision-making, and a long-term vision. Estate Planning : Ensuring your wealth is passed on according to your wishes.

Financial Advisor 45

Financial Advisor Strategic Planning Estate Planning Retirement 45

Good Financial Cents

APRIL 25, 2023

Renovate my basement to rent on Airbnb. Earn $10K side income before next year’s FinCon.

Budgeting 96

Budgeting Insurance Estate Planning Accounting 96

Darrow Wealth Management

JULY 1, 2024

The TCJA has many provisions that are set to expire (sunset) at the end of 2025. Mortgage interest will once again be tax-deductible on larger loans As a result of the 2017 legislation, between 2018 and 2025, interest on new mortgages is only tax-deductible up to $750,000 of mortgage debt on a primary or second home.

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

Brown Advisory

APRIL 1, 2020

These planning opportunities are driven primarily by four factors: Materially lower market values for publicly traded securities, and a likely downturn in valuations of real estate and other illiquid assets. Deferral of required retirement plan distributions. tax code that are not permanent.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52

Brown Advisory

APRIL 1, 2020

These planning opportunities are driven primarily by four factors: Materially lower market values for publicly traded securities, and a likely downturn in valuations of real estate and other illiquid assets. Deferral of required retirement plan distributions. tax code that are not permanent.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52

Nerd's Eye View

DECEMBER 30, 2024

And as 2024 draws to a close, we wanted to highlight 24 of the most popular and insightful articles that were featured throughout the year (that you might have missed!). Read More.

Financial Advisor 240

Financial Advisor Insurance Tax Planning Taxes 240

Trade Brains

SEPTEMBER 27, 2022

7,200 Cr by 2025. Financial planning, depository participant services, mutual fund distribution, bonds, PMS, AIF, retirement planning, and estate planning. It has proposed the expansion in the State of Madhya Pradesh with a total capital outlay of ? Top Stocks under Rs 95 # 4 – IIFL Securities.

Manufacturing 52

Manufacturing Retail Government Investing 52

Abnormal Returns

AUGUST 23, 2023

(papers.ssrn.com) How 529 plan accounts are treated in a divorce. marketwatch.com) Estate planning Estate planning is about showing our love for our families. wealthfoundme.com) More families are at risk from estate taxes looking out into 2025 and beyond.

Estate Planning 246

Estate Planning Retirement Communication Taxes 246

Darrow Wealth Management

JANUARY 16, 2025

Non-retirement assets like stocks in a brokerage account, inherited home , antiques/art/collectables, or other real estate, are generally eligible for a step-up in cost basis. Retirement accounts and IRAs do not receive a stepped up basis. Explaining the double step-up Yes, depending on how your estate plan is structured.

Assets 98

Assets Estate Planning Taxes Wealth Management 98

The Big Picture

JANUARY 21, 2025

And I think you will also, if you are at all curious about estate planning or investing or personal finance, this is not the usual discussion and I think it’s very worthwhile for you to hear this and share it with friends and family. So I made a plan to get out of there. I realized I had enough to retire if I wanted to.

Investments 147

Investments Investing Management Retirement 147

Harness Wealth

JULY 29, 2024

covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. Now that the mid-point of 2024 has passed, we are faced with an environment where little has changed with respect to the wait-and-see posture of estate and wealth transfer planning. citizens and residents.

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59

Nationwide Financial

MARCH 6, 2023

For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. Optimize retirement plan contributions The maximum allowable 401(k) contribution for 2023 is $22,500, with a $7,500 additional contribution, if the plan allows, for taxpayers who are 50 and over.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Harness Wealth

FEBRUARY 4, 2025

Step-Up in Basis (Estate Planning for Alternative Investments): When heirs inherit alternative investments, the cost basis is ‘stepped up’ to the fair market value at the time of the original owner’s death, eliminating any unrealized capital gains. Can I hold alternative investments in my retirement accounts?

Taxes 52

Taxes Investments Investing Startup 52

Harness Wealth

DECEMBER 8, 2022

Max out your retirement contributions. Ensure that you are utilizing the tax-advantaged retirement accounts such as IRA and your company’s 401(k) to stack funds away for retirement and either pay tax now and let the fund grow tax-free or reduce your current year taxable income and pay tax later. Estate planning.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Carson Wealth

FEBRUARY 11, 2025

For the 2025 tax year, capital gains rates are 15% for individuals whose income is $48,351 to $533,400 and 20% for those above that income level. Estate Planning for Tax Efficiency An essential aspect of estate planning is structuring your gifts to minimize tax liabilities.

Taxes 52

Taxes Investments Investing Accounting 52

Brown Advisory

NOVEMBER 19, 2020

This may include outlining important values, philanthropic goals, next-generation education, wealth transfer planning, and sustainable and impact investing objectives. Revisit estate planning and charitable structures.

Planning 52

Planning Clients Taxes Assets 52

Brown Advisory

DECEMBER 1, 2023

For those families just embarking on a planning journey, we generally advise them to start with a small set of “boundary-setting” financial decisions, such as how much to set aside each year for retirement accounts, education funds and/or charitable contributions. A framework for this planning is contained in the chart below.

Planning 52

Planning Strategic Planning Taxes Clients 52

Harness Wealth

JANUARY 28, 2025

In this guide, we’ll explore the key tax changes in effect for 2025, how theyll influence your filing status, retirement savings, investment, and estate planningand offer strategic advice to help high-income and high-net-worth individuals prepare more effectively for upcoming coming tax changes. That said, U.S.

Taxes 52

Taxes Planning Retirement Estate Planning 52

The Big Picture

APRIL 8, 2025

We’re serving family offices, we’re serving institutions, we’ve done acquisitions in, in the stock plan businesses, in the retirement businesses. You’re there almost a decade, Lisa Shalett : So, and, and from 2012 to 2025, that’s a huge run. You guys offer the full suite of services.

Asset Allocation 147

Asset Allocation Wealth Management Clients Assets 147

Discipline Funds

DECEMBER 29, 2024

The end of the year is an ideal time to start planning for the year ahead and make sure youre on target to achieve those goals. Here’s a list of things to consider checking as we head into 2025. Good financial planning is all about asset and liability matching across time. Are you on track to retire when you want to?

Financial Planning 62

Financial Planning Planning Asset Allocation Retirement Planning 62