Good Financial Cents

JANUARY 26, 2023

The stock market has returned an average of between 9% and 11% over the past 90 years and that’s the kind of growth that you’ll need to tap into if you want to retire at 50. Your retirement plan shouldn’t be. Get in touch with an Independent Financial Professional to see if you're on track to meet your retirement goals.

Retirement 122

Retirement Taxes Retirement Planning Accounting 122

Harness Wealth

JANUARY 29, 2025

Effective ways to achieve this include: For employees : If your employer offers this option, request that your year-end bonus be deferred to January 2026. Capital Gains : If you have appreciated investments, holding onto them until 2026 can help you defer taxable gains.

Taxes 52

Taxes Medical Distribution Tax Planning 52

MainStreet Financial Planning

JUNE 23, 2023

in 2026, the eligibility age will be adjusted to 46. The beneficiary may only make this contribution if they are not participating in any employer sponsored retirement plan. The current tax law also allows for a rollover from a 529 plan to an ABLE account up to the annual limit amount. With the passing of Secure Act 2.0,

Accounting 98

Accounting Healthcare Taxes Planning 98

Nationwide Financial

JANUARY 26, 2023

Additional ways to fund a Roth IRA For workers with access to a 401(k) or other qualified retirement plan, a designated Roth account can be a fantastic opportunity to create a larger Roth account balance for retirement. Without action by Congress, 2026 could usher in significantly higher tax rates. Is there a better way?

Accounting 98

Accounting Retirement Taxes Retirement Planning 98

Nationwide Financial

MARCH 6, 2023

In 2026, the current larger exemption will be reduced from $12,920,000 in 2023 to about $6 million per person ($5 million per person adjusted for inflation). Tax season has begun, and it’s not too early to think about planning for the 2023 tax year.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Random Roger's Retirement Planning

MARCH 19, 2023

in 2025, 8% in 2026, 7.8% Part G Medicare, the one I believe to be the most robust supplemental plan currently costs an average of $1517/yr with projections of 10+% increases over the next few years. "Currently, retirees with modified adjusted income below $97,000 pay $1,979 a year in Part B premiums. in 2024 and 6.2%

Food 75

Food Medical Insurance Medicine 75

WiserAdvisor

JANUARY 23, 2024

For example, there is going to be an increase in tax rates in 2026 due to the onset of the Tax Cuts and Jobs Act. Financial advisors play a pivotal role in helping clients navigate a spectrum of financial matters, from budgeting and investments to healthcare and retirement planning.

Financial Advisor 40

Financial Advisor Risk Tolerance Communication Taxes 40

Dear Mr. Market

NOVEMBER 22, 2024

Portability is now a permanent feature of federal estate tax law, but if your estate plan still includes AB Trust planning, it might now be doing more harm than good. To illustrate how portability can simplify and enhance an estate plan, let’s look at Bill and Alice, who have been married for 40 years.

Estate Planning 52

Estate Planning Taxes Planning Assets 52