Nerd's Eye View

SEPTEMBER 6, 2023

Which means that by taking into account a client's net worth, realistic liability risks, and level of sophistication, advisors can help assess what types of strategies may be appropriate for the client to explore. For instance, qualified plan assets (e.g., tenancy by the entireties and community property).

Education 246

Education Assets Clients Estate Planning 246

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

Nerd's Eye View

JUNE 21, 2024

million in assets to both retire and pass on a legacy interest (though many have yet to establish an estate plan), according to a recent survey. Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that affluent Americans believe they need an average of $5.5

Financial Planner 246

Financial Planner Financial Advisor Taxes Math 246

Nerd's Eye View

JUNE 7, 2024

Also in industry news this week: Backers announced the new Texas Stock Exchange, which seeks to provide companies with a lower-cost alternative to the NYSE and Nasdaq, which, if successful, could create a more competitive landscape and potentially better execution and reduced trading costs for financial advisors and their clients The American College (..)

Financial Planner 189

Financial Planner Financial Advisor Certification Estate Planning 189

Carson Wealth

JANUARY 8, 2025

Holistic Financial Management Beyond investment advice, financial advisors offer comprehensive services such as tax planning, estate planning, and risk management. This support can be important in maintaining discipline and making rational decisions amidst market fluctuations.

Financial Advice 62

Financial Advice Financial Advisor Risk Tolerance Financial Guidance 62

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. contained a number of changes relevant to estate planning. citizens and residents. The SECURE Act 2.0

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59

Nationwide Financial

MARCH 6, 2023

They could also consider contributions to an individual retirement account (IRA) and a health savings account (HSA) , too. Make sure they take their required minimum distributions Clients who are age 73 or over must take required minimum distributions (RMDs) from their qualified plans and IRAs.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Darrow Wealth Management

JANUARY 29, 2024

Common types of assets that will pass via beneficiary designation include retirement accounts, life insurance, and some pensions and annuities. The most common examples of joint assets are real estate, bank and brokerage accounts. The US has 50 states – each with their own tax laws and estate planning opportunities.

Estate Planning 93

Estate Planning Distribution Taxes Wealth Management 93

Harness Wealth

DECEMBER 8, 2022

Not only was the stock market fairly volatile, but there were also atypical tax regulation changes. The combination of those means that there is going to be a lot of complexity to account for as you look back on the year. Tax-loss harvesting. The current lifetime gift tax exclusion is $12.06M (or $24.12 Estate planning.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

WiserAdvisor

MARCH 13, 2024

Investment planning also plays a crucial role in tax optimization, enabling you to minimize tax liabilities and maximize after-tax returns. In addition to traditional health insurance, you can also explore the Health Savings Account (HSA). Asset diversification is an essential component of effective tax planning.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

Carson Wealth

FEBRUARY 13, 2023

While there are certainly ways to do estate planning without a lawyer, for most people hiring an estate planning attorney makes the most sense. Estate plans can get complex fast, and even fairly straightforward estates can feel overwhelming if you’re not trained in the area. Do your research.

Estate Planning 52

Estate Planning Planning Consulting Financial Advisor 52

Darrow Wealth Management

OCTOBER 1, 2024

Choosing whether to fund a trust with your assets is an important decision in the estate planning process. A will and a trust are two different estate planning tools. This can include a bank account, brokerage account, home, car, art, and even equity in a privately held business.

Assets 98

Assets Estate Planning Distribution Taxes 98

Zajac Group

NOVEMBER 7, 2024

Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Let’s take a look at the tax impact and other considerations of each. . 200/share (today’s fair market value) – $188.44/share

Planning 52

Planning Estate Planning Taxes Assets 52

WiserAdvisor

AUGUST 31, 2023

A financial advisor can help with maximizing your retirement income through tax planning After retirement, your income sources may become limited to pensions, Social Security benefits, and investment income. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

AdvicePay

JUNE 13, 2024

Here are some examples of one-time and ongoing services you can offer clients under the fee-for-service model: One-Time Services Ongoing Services Comprehensive Financial Plan Ongoing Financial Planning Second Opinion Engagement Advising on Held-Away Accounts Student Loan Analysis Tax Planning Portfolio Tax Efficiency Review Estate Planning Housing (..)

Insurance Coverage 87

Insurance Coverage Financial Planning Estate Planning Tax Planning 87

Ballast Advisors

SEPTEMBER 5, 2024

Navigating the complexities of estate planning can often feel like charting through uncharted waters, especially when it comes to handling assets, taxes, and ensuring one’s legacy is preserved according to their wishes.

Estate Planning 40

Estate Planning Taxes Planning Tax Planning 40

Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade. Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

Darrow Wealth Management

JULY 1, 2024

This tax benefit is scheduled to sunset at the end of 2026. Tax planning for 2026 Depending on your situation, income, and goals, your planning options will vary. As with anything in tax planning, it’s important not to let the tax-tail wag the dog.

Taxes 101

Taxes Tax Planning Planning Estate Planning 101

Harness Wealth

OCTOBER 23, 2023

Key Takeaways: Accounting advisory services extend beyond traditional tax preparation to offer strategic financial guidance. Specialized areas can include estate planning and tax-efficient investment strategies. Table of Contents What Are Accounting Advisory Services?

Accounting 52

Accounting Taxes Strategic Planning Estate Planning 52

Inside Information

JANUARY 31, 2025

Depending on a firms tech strategy, she wrote, advisors may have to log in to the CRM, custodian, portfolio accounting, planning software, tax planning software, estate planning software, social security maximizer software, etc.,

Risk Tolerance 40

Risk Tolerance Consulting Estate Planning Wealth Advisor 40

Fortune Financial

JULY 28, 2022

When you are presented with the option to distribute your assets, you will have the choice to roll them into an IRA or place the stock into a taxable account and then roll the remaining assets into an IRA or 401(k). In addition, shares of employer securities for the NUA must be moved in-kind to a taxable brokerage account.

Taxes 98

Taxes Planning Retirement Planning Distribution 98

Yardley Wealth Management

MARCH 1, 2022

Part 3: Tax-Wise Financial Planning In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. But tax planning isn’t just for your investments. But we can weave each event into the tax-planning fabric of your financial life.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Yardley Wealth Management

MARCH 1, 2022

Part 3: Tax-Wise Financial Planning. In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. . But tax planning isn’t just for your investments. Each can translate into tax-planning challenges and opportunities: .

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Carson Wealth

APRIL 25, 2024

Retirement planning: Calculate retirement needs and contribute regularly to retirement accounts. Tax Planning: Optimize tax efficiency through strategies such as retirement contributions, tax-deferred accounts, and deductions and credits.

Financial Planning 96

Financial Planning Planning Retirement Insurance Coverage 96

Yardley Wealth Management

FEBRUARY 15, 2022

Part 2: Tax-Wise Investment Techniques In our last piece, we introduced some of the tools of the tax-planning trade. In other words, your tax-planning techniques matter at least as much as the tools. Tax breaks come and go, and are beyond our control. It’s another to make best use of them.

Taxes 52

Taxes Investments Investing Tax Planning 52

Yardley Wealth Management

FEBRUARY 15, 2022

Part 2: Tax-Wise Investment Techniques. In our last piece, we introduced some of the tools of the tax-planning trade. These include tax-sheltered accounts for saving toward retirement, healthcare, and education, as well as tax-efficient tools for charitable giving, emergency spending, and estate planning. .

Taxes 52

Taxes Investments Investing Tax Planning 52

Harness Wealth

FEBRUARY 4, 2025

Unrelated Business Taxable Income (UBTI): Investors holding hedge funds in tax-advantaged accounts (IRAs, 401(k)s) may face unexpected UBTI taxes. Net Investment Income Tax (NIIT): Investors earning passive income from hedge funds may be subject to an additional 3.8% Net Investment Income Tax (NIIT): A 3.8%

Taxes 52

Taxes Investing Investments Startup 52

Harness Wealth

SEPTEMBER 18, 2024

Only 26% of Americans have an estate plan. If you’re thinking, “But my clients are high-net-worth…many more have an estate plan.” These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions.

Taxes 52

Taxes Clients Planning Estate Planning 52

Integrity Financial Planning

NOVEMBER 14, 2023

Gift Tax Exemptions Each year, you can give up to $17,000 to any number of people tax-free. This means that if you have two children, you can give each of them $17,000 without a tax penalty in 2023. [1] 1] This can be something you do as part of your estate plan.

Taxes 96

Taxes Retirement Estate Planning Planning 96

Darrow Wealth Management

AUGUST 28, 2023

Your business advisory team may consist of: a business broker or M&A advisor, accounting and tax advisors, and transaction/M&A attorney. On the personal side, your financial advisor , estate planning attorney, and CPA/tax advisor should be involved throughout the process.

Sales 91

Sales Estate Planning Wealth Advisor Taxes 91

Park Place Financial

MARCH 16, 2022

To help you achieve your goals, knowledgeable advisors take multiple aspects of financial planning into account. The following areas are among the most vital to discuss with high-net-worth clients: Estate Planning. Estate planning for high-net-worth individuals is also significant because recent developments in U.S.

Financial Planner 52

Financial Planner Estate Planning Certified Financial Planner Retirement Planning 52

Fortune Financial

SEPTEMBER 25, 2023

Long-term goals typically encompass retirement planning, wealth preservation and estate planning. They are well-versed in various aspects of financial planning, including investments, retirement planning, estate planning and tax management. Scan the QR code below to connect with us.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Discipline Funds

DECEMBER 20, 2023

Look at those discretionary expenses that might not be necessary (cable TV, that Hulu account you never watch, the Pandora music you don’t listen to, etc). Nothing will nuke your financial plan like high credit card debts and other high rate liabilities. Nuke those I-Bond and “high yield savings” accounts.

Financial Planning 74

Financial Planning Planning Asset Allocation Retirement Planning 74

Zoe Financial

FEBRUARY 21, 2023

Depending on your situation, you may need the help of a financial advisor or an accountant. Dear Zoe Experts, I’ve been looking for tax planning guidance and am deciding whether to hire a financial advisor or an accountant. Depending on your situation, you may need the help of a financial advisor or an accountant.

Financial Advisor 40

Financial Advisor Accounting Certified Financial Planner Certification 40

WiserAdvisor

FEBRUARY 19, 2024

Together, both types of insurance plans provide a safety net for unexpected medical expenses and serve as an alternative strategy to shield your retirement nest egg from potential financial shocks. With improved healthcare accessibility and a vibrant lifestyle, the urgency to plan for the future may seem less pressing.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

Harness Wealth

FEBRUARY 20, 2024

When selecting a tax professional, there are four main types to consider: Certified Public Accountant (CPA) Enrolled Agent (EA) Tax Attorney Non-credential Tax Professional Each type requires its own education and training, allowing them to provide specific services, which we’ll explore below.

Taxes 52

Taxes License Education Tax Planning 52