International College of Financial Planning

MARCH 12, 2025

Keep it separate: Use a high-interest savings account or liquid mutual fundsbut not your main spending account. Final Thoughts: The Path to Financial Security Starts Today Smart financial planning isnt about giving up the things you enjoyits about making informed decisions that align with your goals.

Financial Planning 52

Financial Planning Planning Asset Allocation Financial Advice 52

Nerd's Eye View

DECEMBER 30, 2024

We start with several articles on retirement planning: Why considering a client's retirement time horizon and spending flexibility could lead to more accurate (and often higher) safe withdrawal rates than the simpler "4% rule" Four unique risks retirees face when drawing down their assets, from sequence of returns risk to tax risk, and how financial (..)

Financial Advisor 240

Financial Advisor Insurance Tax Planning Taxes 240

Nerd's Eye View

MARCH 24, 2025

For smaller firms – especially those with little to no experience onboarding new advisors – creating a well-paced financial plan can feel daunting. First, clarity: both the advisor and manager should be able to clearly define the core financial planning skills that a new hire is expected to develop in their first year.

Planning 130

Planning Clients Financial Planning Communication 130

Carson Wealth

JANUARY 23, 2025

When it comes to managing your wealth and pursuing your financial goals, clarity can be key. Enter bucketing, a powerful strategy that helps simplify your financial planning by categorizing your assets into three time-based buckets: today, tomorrow, and the future. What Is Bucketing? How Does Bucketing Work?

Financial Planning 52

Financial Planning Planning Risk Tolerance Financial Advisor 52

Wealth Management

DECEMBER 4, 2024

The new system will support Voya Financial Advisors with account opening, financial planning, and collaboration features.

Financial Advisor 246

Financial Advisor Financial Planning Accounting Planning 246

Wealth Management

OCTOBER 11, 2022

Financial planning often involves managing multiple accounts. These accounts have specific risk profiles, but individually, they do not represent a client’s full risk picture or even total wealth. In fact, when accounts are viewed together, the aggregate risk may look very different.

Clients 243

Clients Financial Planning Accounting Planning 243

Nerd's Eye View

SEPTEMBER 20, 2023

30 years ago, when financial plans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financial advisors began acknowledging and accounting for the variable and uncertain nature of investment returns.

Financial Planning 246

Financial Planning Risk Tolerance Retirement Planning Planning 246

Nerd's Eye View

SEPTEMBER 20, 2023

30 years ago, when financial plans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financial advisors began acknowledging and accounting for the variable and uncertain nature of investment returns.

Retirement 246

Retirement Planning Financial Planning Risk Tolerance 246

A Wealth of Common Sense

FEBRUARY 13, 2025

Barry Ritholtz joined me on the show this week to discuss questions about timing market corrections with your savings account, how your portfolio should look heading into retirement, managing your parent’s financial plan and how to force yourself into splurging a little when you have more than enough money.

Retirement 116

Retirement Financial Planning Accounting Portfolio 116

Abnormal Returns

FEBRUARY 4, 2024

humbledollar.com) Are you doing these seven things that represent 'real financial planning'? allstarcharts.com) Four steps to build a no-fuss portfolio including eliminating redundant accounts. (downtownjoshbrown.com) Should you invest in stocks when they are at all-time highs? collabfund.com)

Financial Planning 299

Financial Planning Accounting Portfolio Assets 299

Million Dollar Round Table (MDRT)

JANUARY 12, 2025

Breaking the mold and holding clients accountable When a high-net-worth client seemed more interested in leaving his office than financial planning, 17-year MDRT member Gino Saggiomo, CFP , of Fortitude Valley, Queensland, Australia, found a way to hold the client accountable and financially prepare for the future.

Clients 105

Clients CFP Communication Financial Advisor 105

Dear Mr. Market

DECEMBER 31, 2024

Because when it comes to financial planning, you’re ready to write it downand studies show that writing down your goals makes you 42% more likely to achieve them. Heres your top 10 financial planning checklist for the new year. Three to six months worth of expenses tucked away in a high-yield savings account.

Budgeting 96

Budgeting Financial Planning Estate Planning Planning 96

Abnormal Returns

APRIL 15, 2024

riabiz.com) Retirement accounts On the downside of holding non-traditional assets in an IRA. investmentnews.com) Why funds in pre-tax retirement accounts need to be adjusted for taxes. citywire.com) Adjustments are a natural part of life planning. contessacapitaladvisors.com) Financial plans rarely look better after a divorce.

Wealth Management 262

Wealth Management Asset Allocation Retirement Financial Planning 262

Abnormal Returns

MARCH 22, 2023

humbledollar.com) Stranded retirement accounts are a big problem. humbledollar.com) Financial planning Financial plans need to be turned into concrete action items. thomaskopelman.com) Good financial planning makes divorce less painful.

Financial Planning 244

Financial Planning Retirement Media Planning 244

Nerd's Eye View

AUGUST 9, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey indicates that clients of financial advisors are more confident than others about their financial preparedness for retirement and are more likely to have a financial plan in place that can weather the ups (..)

Financial Planner 246

Financial Planner Taxes Financial Planning Estate Planning 246

Million Dollar Round Table (MDRT)

DECEMBER 10, 2024

They knew what they were putting directly into their retirement accounts, but I wanted to know how much of their income they were saving for the future. I would take those numbers and spend a lot of time carefully crafting a financial plan and creating proposals. Then I would present the plan to the client.

Clients 105

Clients Financial Planning CFP Retirement 105

Abnormal Returns

JANUARY 10, 2024

slate.com) Financial plans Your financial plan should start with your goals. thefinancialbodyguard.com) Why financial goals need to have a why behind them. peterlazaroff.com) Why financial plans eventually become obsolete. whitecoatinvestor.com) Not every financial decision needs to be 100%.

Investing 268

Investing Investments Financial Planning Retirement 268

MainStreet Financial Planning

NOVEMBER 25, 2024

The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the COLA notice online. The annual maximum Health Savings Account (HSA) contribution limits for 2025 will be $4,300 for self-only coverage and $8,550 for family coverage.

Taxes 98

Taxes Planning Retirement Planning Accounting 98

Carson Wealth

APRIL 25, 2024

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being.

Financial Planning 97

Financial Planning Planning Retirement Insurance Coverage 97

Steve Sanduski

FEBRUARY 18, 2025

Advisors who learn how to incorporate these and other emerging asset classes into Life-Centered Financial Plans will be offering a valuable service that sets them apart — especially in the eyes of high-net-worth individuals. Things such as valuation, insurance, storage, and the succession plan.

Financial Planning 52

Financial Planning Planning Valuation Clients 52

The Big Picture

AUGUST 26, 2022

My examples of overpriced, low-performing, abusive account management have been derided as outliers. As often happens in these circumstances, the ex-employee’s book gets divided up among the remaining brokers, whose jobs that weekend becomes retaining those accounts and their assets. This isn’t really a fair accusation.

Accounting 353

Accounting Government Assets Management 353

Abnormal Returns

JANUARY 15, 2024

(riabiz.com) Why women are still struggling to make progress in the world of financial advice. thinkadvisor.com) Vanguard is entering the cash management space with the Cash Plus Account. city-journal.org) Delayed Social Security claiming requires an explicit bridge plan. riabiz.com) Avise is a cooperative platform for advisers.

Financial Planner 278

Financial Planner Wealth Management Retirement Planning Financial Advising 278

MainStreet Financial Planning

OCTOBER 24, 2024

One powerful but often overlooked tool is the Health Savings Account (HSA). Whether you’re new to HSAs or looking to optimize your existing one, this guide will break down everything you need to know about these tax-advantaged accounts. What is an HSA? It’s ideal for those who want to actively grow their HSA funds.

Accounting 98

Accounting Medical Healthcare Taxes 98

Abnormal Returns

APRIL 5, 2023

(whitecoatinvestor.com) Financial planning Do you need a financial plan or financial planner? thomaskopelman.com) Is an AI going to be your future financial adviser? humbledollar.com) Why you should tilt toward equities in your retirement accounts.

Ethics 242

Ethics Financial Planner Financial Advising Financial Planning 242

Nerd's Eye View

SEPTEMBER 25, 2024

From a financial planning perspective, the seeming implication of a likely rise in future tax rates would be that, given a choice between being taxed on income today or deferring that tax to the future, it makes more sense to be taxed today when taxes are lower than they'll be in the future. Read More.

Taxes 246

Taxes Retirement Tax Planning Accounting 246

Nerd's Eye View

JUNE 25, 2024

What's unique about Chris, though, is how he has built a highly efficient solo practice that allows him to work fewer than 25 hours/ week to have more time for his family and managed to cut his hours down by relentlessly focusing on only the financial planning tasks that really truly matter most to his clients… and either outsourcing, or just (..)

Clients 242

Clients Financial Advisor Financial Planning Planning 242

The Big Picture

SEPTEMBER 28, 2022

You must have a Financial Plan , so it is clear what you are investing for, and so you can see how you are progressing towards those goals. via the site (and Etsy shop and Instagram account) Mindfulenough. Financial Plan. This means it must be suitable for the amount of Risk you are comfortable with. Inflation.

Asset Allocation 342

Asset Allocation Financial Planning Assets Media 342

Darrow Wealth Management

JANUARY 16, 2025

Conversely, if the original account owner gifted the stock while living, the recipient retains purchaser’s carryover basis and holding period ($100 in this example). Retirement accounts and IRAs do not receive a stepped up basis. Financial accounts aren’t the only assets that can be held in trust. Yes and no.

Assets 98

Assets Estate Planning Taxes Wealth Management 98

Abnormal Returns

AUGUST 28, 2023

riabiz.com) Charles Schwab ($SCHW) is planning more job cuts due to the TDA integration. investmentnews.com) Pro bono planning Does financial planning have a pro bono problem? mywealthplanners.com) The CFP Board wants to encourage pro bono planning. kitces.com) Jumbo mortgage loan borrowers are having a hard time.

Tax Planning 246

Tax Planning CFP Financial Planning Planning 246

Nerd's Eye View

APRIL 17, 2024

And while all may appear well on the surface – the client rarely contacts the advisor with problems but they show up for every annual meeting – they may actually be feeling quite disengaged with the financial planning services being provided. Questions such as "What is different from the last time we met?"

Clients 246

Clients Financial Planning Planning Compliance 246

Nerd's Eye View

MARCH 20, 2024

Monte Carlo simulations have become a central method of conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. However, the results of these simulations generally don't account for potential adjustments that could be made along the way (e.g.,

Communication 246

Communication Clients Financial Planning Risk Tolerance 246

Nerd's Eye View

AUGUST 22, 2022

In general, this means that people are more likely to be more aware of how much cash they're holding than the other numbers in their financial life, like the balances on their retirement accounts (which, being less 'immediate' in their intended purpose, are not often at the forefront of most people's minds to the same extent that cash is).

Clients 246

Clients Management Accounting Banking 246

Nerd's Eye View

AUGUST 22, 2022

In general, this means that people are more likely to be more aware of how much cash they're holding than the other numbers in their financial life, like the balances on their retirement accounts (which, being less 'immediate' in their intended purpose, are not often at the forefront of most people's minds to the same extent that cash is).

Clients 246

Clients Management Accounting Banking 246

MainStreet Financial Planning

OCTOBER 30, 2024

401(k) account contribution: 8.0% In 2023, Capitalize found the average employee-only contribution was 8%; the average dollar amount of employee-only contributions of $5,993. Ultimately, success in personal finance is about creating a plan that works for you and continually adjusting it to meet your evolving needs and aspirations.

Retirement 98

Retirement Financial Planning Planning Accounting 98

Nerd's Eye View

DECEMBER 19, 2022

Which means there is still ample time for the FPA to clarify its intentions and any further swings in its advocacy views.

Financial Planner 243

Financial Planner CFP Certified Financial Planner Financial Planning 243

Nerd's Eye View

AUGUST 28, 2024

Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans.

Assets 246

Assets Management Clients Compliance 246

The Big Picture

NOVEMBER 15, 2023

2 – Use a Cowboy Account : Set up a separate trading account with a few percent of your liquid net worth (no more than 5%). If it works out great if it goes to $0, oh, well it’s only a few percent and doesn’t affect your financial plan or your standard of living. We all are! –

Investing 344

Investing Investments Portfolio Economics 344