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 245

Assets Management Compliance Retirement Planning 245

Getting Your Financial Ducks In A Row

APRIL 3, 2023

We’ve covered a lot of ground with regard to how various tax laws impact your retirement plans: pensions, IRAs, 403(b) and 401(k) plans. But we’ve primarily focused on the US income tax laws (the IRS) affect your plans – and there are many nuances that you need to take into account with regard to state tax laws.

Retirement Planning 113

Retirement Planning Retirement Planning Taxes 113

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 105

Budgeting Financial Planning Estate Planning Planning 105

Integrity Financial Planning

NOVEMBER 7, 2023

There are many important birthdays when it comes to retirement planning. So, as you approach your retirement, it’s crucial to have a few of these in mind as key milestones. 1] IRA holders can contribute $7,500 a year to their accounts. [1] 1] But you can begin to claim at 62 if that fits into your financial plan.

Retirement Planning 91

Retirement Planning Retirement Planning Accounting 91

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

Financial Planner 246

Financial Planner Commission Communication Financial Advisor 246

Darrow Wealth Management

MARCH 31, 2023

There are many financial planning considerations before, during, and after a divorce. A key part of the process from a financial standpoint is dividing the assets. Here are some key considerations when financial planning for a divorce. Generally, couples split the value of their assets 50-50 (though not always).

Financial Planning 104

Financial Planning Planning Estate Planning Assets 104

Nerd's Eye View

JULY 26, 2024

Also in industry news this week: While the number of RIA M&A deals has not surged in 2024, the average size of deals has increased, demonstrating interest from (often private-equity-backed) firms in pursuing larger targets Off-channel communication tops the list of concerns amongst RIA compliance professionals, with advertising and marketing coming (..)

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Financial Planner Retirement Communication Financial Advisor 246

Integrity Financial Planning

OCTOBER 17, 2022

Know these 3 ages that can help you get the most out of your retirement accounts. At age 50, workers with certain qualified retirement plans can make annual “catch-up” contributions in addition to their normal contributions. 3 Now, many retirees have more time to let their retirement savings grow tax-free.

Retirement 95

Retirement Accounting Retirement Planning Distribution 95

Integrity Financial Planning

MARCH 13, 2023

Over the course of your life, you have probably acquired several different retirement accounts, and you have likely considered many kinds of retirement strategies. 401(k) This is the most common kind of retirement account. 1] Traditional IRA IRA stands for Individual Retirement Account.

Retirement Planning 84

Retirement Planning Retirement Planning Taxes 84

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

Clever Girl Finance

DECEMBER 1, 2022

No one cares about your financial well-being more than you, so it's important to have a financial plan for yourself. Knowing how to make a financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement. Retirement savings.

Financial Planning 105

Financial Planning Planning Budgeting Insurance 105

Carson Wealth

AUGUST 25, 2022

often fail to consider sequence of return, housing, longevity, health or family risks faced in retirement. Focus on Your Retirement Plan Rather Than a Magic Number. would be “How do I plan for retirement?“ Social Security is a federal retirement plan originally created under the Social Security Act of 1935.

Retirement Planning 98

Retirement Planning Retirement Planning Certified Financial Planner 98

Clever Girl Finance

MARCH 19, 2024

No one cares more about your financial well-being than you, so having a personal financial plan is important. Knowing how to make a financial plan will allow you to save money, afford the things you want, and achieve long-term goals like saving for college and retirement. What is a full financial plan?

Financial Planning 103

Financial Planning Planning Budgeting Insurance 103

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

WiserAdvisor

NOVEMBER 4, 2022

For these reasons and several others, it is essential to follow specific financial planning tips for dual-income families. If you wish to learn about financial strategies that can help dual-income families plan their finances better, consider seeking the services of a professional financial advisor for the same.

Financial Planning 93

Financial Planning Planning Taxes Financial Advisor 93

Integrity Financial Planning

MAY 16, 2023

In most cases, you can’t actually keep your money in your retirement accounts forever. Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old. [1] 4] So why can’t you just leave your money in your account?

Accounting 88

Accounting Retirement Retirement Planning Taxes 88

The Chicago Financial Planner

FEBRUARY 6, 2022

You may be able to do everything online, otherwise contact the plan administrator at your company. There are a number of retirement plan options to consider. If you don’t have a retirement plan in place for yourself, do this today. You work way too hard not to be putting something away for retirement.

Retirement Planning 189

Retirement Planning Retirement Financial Planner Planning 189

WiserAdvisor

SEPTEMBER 20, 2023

In retirement planning, the concept of vesting is more than a contractual formality; it serves as a retention tool that incentivizes employees to remain with their employer for a certain period. To grasp how vested balance works and impacts your financial future, it’s essential to understand the notion of vesting.

Accounting 100

Accounting Retirement Retirement Planning Planning 100

Integrity Financial Planning

JANUARY 9, 2023

2] With higher prices in consumer goods, retirees may have had to reevaluate their withdrawals and spending on retirement accounts as their income became strained. In that case, it may be essential to review your financial position as these changes possibly affected how you cater to your short and longer-term retirement needs.

Accounting 97

Accounting Retirement Economics Financial Planning 97

MainStreet Financial Planning

JUNE 23, 2023

There are a few specialized financial tools for individuals with disabilities. ABLE (Achieving a Better Life Experience) accounts are one of those options. ABLE accounts are specialized savings accounts designed to help individuals with disabilities and their families save and invest money for disability-related expenses.

Accounting 98

Accounting Healthcare Taxes Planning 98

eMoney Advisor

FEBRUARY 9, 2023

Of an estimated 104 million households seeking some level of financial advice, 88 million of those households want that advice from a financial professional. In this overview, we will explore the demographics of each stage, the financial planning needs of people in each stage, and strategies for serving them.

Financial Planning 95

Financial Planning Clients Planning Education 95

Your Richest Life

JUNE 14, 2024

You can also get to that number by asking yourself some fundamental questions: What age do you plan to retire? How many years do you have until you hit retirement? Where do your retirement accounts stand now? How do you plan to spend your retirement? Moving, traveling, hobbies, etc.)

Retirement Planning 52

Retirement Planning Retirement Planning Fee Only 52

Carson Wealth

JANUARY 4, 2024

If you have student, personal or car loans, credit card debt or a mortgage, you need to have a plan on how to pay them off – and which ones to tackle first. While from a behavioral standpoint some suggest you should tackle low balance accounts first, a financial planning approach suggests you tackle high interest rate debt first.

Financial Planning 96

Financial Planning Planning Retirement Estate Planning 96

Carson Wealth

DECEMBER 8, 2023

Petersen, CPA, CFP ® , CP, Affluent Wealth Planning The holidays are upon us! That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. The benefit: more interest income on cash and money market accounts.

Planning 142

Planning Retirement Planning Taxes Retirement 142

The Chicago Financial Planner

NOVEMBER 8, 2021

At some point we are bound to see a stock market correction of some magnitude, hopefully not on the order of the 2008-09 financial crisis. As someone saving for retirement , what should you do now? During the financial crisis there were many stories about how our 401(k) accounts had become “201(k)s.”

Retirement 130

Retirement Marketing Marketing Financial Planner 130

Integrity Financial Planning

NOVEMBER 1, 2022

The 4% Rule is a general rule of thumb that is meant to guide your decisions on how much you can and should withdraw from your retirement savings each year. The purpose of adopting the rule is to keep a steady income stream while maintaining an adequate overall account balance for future years. The post Does the 4% Rule Really Work?

Retirement Planning 95

Retirement Planning Retirement Financial Planning Planning 95

The Chicago Financial Planner

FEBRUARY 5, 2022

Rather I suggest an investment strategy that incorporates some basic blocking and tackling: A financial plan should be the basis of your strategy. View all accounts as part of a total portfolio. This means IRAs, your 401(k) , taxable accounts, mutual funds , individual stocks and bonds, etc. Photo credit: Flickr.

Investing 184

Investing Investments Financial Planner Risk Tolerance 184

Integrity Financial Planning

AUGUST 21, 2023

One of those options might be to set up a defined contribution plan such as a 401(k). [1] 1] A 401(k) will allow you to set aside some of your assets into a tax-advantaged account that can have market exposure and the potential to grow over time. [2] 4] This is a tax-advantaged account, much like a 401(k). [5]

Retirement 95

Retirement Retirement Planning Accounting Taxes 95

WiserAdvisor

NOVEMBER 14, 2023

Retirement planning is an essential aspect of financial security, especially as one transitions from a phase of regular income to relying on savings and investments. With increased life expectancy, the modern retirement plan may need to account for not only a longer life but also for the increased expectations during this phase.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

Integrity Financial Planning

JULY 31, 2023

These types of plans commonly come in the form of pension plans. [1] 1] A pension plan guarantees a certain level of retirement benefit based on your salary and how many years you worked for the company. [2] 5] This is one reason why many employers have moved away from this kind of retirement plan.

Planning 98

Planning Retirement Planning Retirement Accounting 98

Zoe Financial

JANUARY 27, 2025

The Five Phases of Retirement Planning Published January 29, 2025 Reading Time: 2 minutes Written by: The Zoe Team Retirement is a journey with distinct phases, each requiring its own focus and preparation. Understanding these phases can help you approach your financial future with clarity and confidence.

Retirement Planning 52

Retirement Planning Retirement Planning Taxes 52

Your Richest Life

APRIL 15, 2024

For many people, the extent of their retirement planning includes signing up for the plan at work – which is often more of a starting point than a comprehensive retirement plan. Here are some of the most common ones: 401(k) – A 401(k) is a retirement plan available through employers for employees.

Retirement Planning 52

Retirement Planning Retirement Planning Taxes 52

Carson Wealth

JULY 12, 2022

We speak a secret language in financial planning. Translating from the secret language of financial planning, the sentence would read “Tammy specializes in insurance. She reviewed two types of annuity contracts often used for retirement and helped determine which one is the best fit for her client.” .

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Financial Advising Financial Planning Ethics Financial Services 98

Integrity Financial Planning

JULY 17, 2023

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. This type of account can be useful for some because when you withdraw under qualifying circumstances, you do not pay taxes.

Retirement 97

Retirement Taxes Retirement Planning Accounting 97

Integrity Financial Planning

MAY 11, 2022

How much should Gen X have in their retirement accounts and when should they reach out to a financial advisor? The post Retirement Planning for Generation X appeared first on Integrity Financial Planning, inc. Remember, you won’t be able to get to the money for a year. ” – Brian Bowen.

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Retirement Planning Retirement Planning Retirement Pension 52

Your Richest Life

JANUARY 20, 2023

Whether you’re decades from retirement or quickly approaching it, some of these changes will likely impact you and your financial plan. Student Loan and Roth Account Matching Employers will be able to match employees’ student loan payments to a workplace retirement account beginning in 2024. Secure Act 2.0:

Retirement Planning 105

Retirement Planning Retirement Accounting Planning 105

Harness Wealth

APRIL 16, 2025

Roth IRA conversions present a significant challenge for retirement planners: pay taxes now or later? Moving funds from traditional IRAs to Roth accounts triggers immediate taxation but promises tax-free withdrawals in retirement. This flexibility becomes increasingly valuable as your retirement portfolio grows more complex.

Taxes 52

Taxes Retirement Retirement Planning Distribution 52