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

Harness Wealth

MARCH 6, 2025

As is traditional, the 2025 IRS tax filing deadline is April 15th. In this guide, well explore the 2025 tax extension process, the reasons for requesting an extension, and how a tax advisor from Harness can help you. Table of Contents What is a tax extension? Why do I need a tax extension? This is not the case.

Taxes 52

Taxes Tax Planning Consulting Electronics 52

Nerd's Eye View

JULY 25, 2022

Yet despite this – and perhaps even because of it – advisory firms are putting an ever-greater focus on financial planning in 2022, as a way to both show value to clients in the midst of difficult market returns, and, more broadly, to help clients navigate the current environment.

Financial Planning 244

Financial Planning Education Estate Planning CFP 244

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. For some, this may lead to more taxes paid on capital gains.

Taxes 105

Taxes Tax Planning Planning Estate Planning 105

Darrow Wealth Management

MARCH 13, 2025

Charitable Contributions: Donating appreciated stock to charity while reducing capital gains tax. A complete discussion of the pros and cons and workings of swap funds is outside the scope of this article, but there are many things to consider before investing. Gifting: Transferring stock to family members or trusts.

Management 73

Management Taxes Estate Planning Asset Allocation 73

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. Your current and projected future tax rate is often a main component of the decision, but there are other considerations and benefits as well. 4 key benefits.

Retirement 54

Retirement Retirement Planning Taxes Accounting 54

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.

Taxes 52

Taxes Retirement Retirement Planning Distribution 52

MainStreet Financial Planning

MARCH 7, 2025

If youre searching for a fiduciary financial planner, flat-fee financial planning, or the best alternative to AUM-based advisors, this article will help you decide which model is right for you. Comprehensive Financial Planning is Included Many AUM advisors charge extra for estate planning, tax strategies, and retirement planning.

Fee Only 52

Fee Only Financial Planner Financial Planning Financial Advisor 52

WiserAdvisor

APRIL 19, 2024

While a financial plan focuses on managing your finances during your lifetime, an estate plan is essential for determining the fate of your assets after you pass away. Estate planning involves the transfer of your assets to your heirs in the event of your passing.

Estate Planning 45

Estate Planning Planning Distribution Accounting 45

Darrow Wealth Management

FEBRUARY 19, 2024

A deep discussion of these strategies is outside the scope of this overview, and because every situation is so different, be sure to discuss your situation with your tax and financial advisor. Taxes should always be a component of any investment decision — but not the main driver.

Management 111

Management Taxes Portfolio Estate Planning 111

Nerd's Eye View

APRIL 8, 2024

Working together, these professionals can conduct a "stress test" of the client's current situation to proactively identify potential areas of weakness in the client's financial, tax, and estate planning. For instance, many business owners have loosely defined succession plans (or none at all!),

Financial Advisor 130

Financial Advisor Clients Estate Planning Planning 130

Darrow Wealth Management

OCTOBER 28, 2024

A strategy for managing your investments is also key: understanding your risk capacity vs appetite, balancing a need for a current income stream and future growth, and ways to be more tax efficient in taxable accounts. Put the plan into action. The tax consequences from the sale can be highly complex.

Sales 104

Sales Taxes Estate Planning Planning 104

WiserAdvisor

AUGUST 31, 2023

This article goes over several benefits of hiring a financial advisor after you retire to help you decide if you need a financial advisor after retirement. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income. Tax planning is not solely about federal taxes.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

Darrow Wealth Management

MARCH 31, 2023

But that doesn’t mean the actual assets are just split down the middle, and some assets are much more favorable from a tax perspective than others. Once the divorce is finalized, a crucial (but often overlooked) part of the process is updating estate documents and beneficiary designations. Cash assets have no tax implications.

Financial Planning 104

Financial Planning Planning Estate Planning Assets 104

Tobias Financial

APRIL 20, 2025

The Symposium is an event for professionals dedicated to philanthropy, estate planning, and charitable giving. Shell explore how a comprehensive financial plan can serve as a roadmap for giving, helping clients make thoughtful decisions that support both personal and philanthropic priorities. The event is held from 8:00 a.m.

Planning 52

Planning Estate Planning Financial Planning CFP 52

MainStreet Financial Planning

MAY 10, 2023

Here is a great way to value those items if you are eligible to take a tax deduction. Property donations will need acknowledgment of receipt from the charity and items totaling over $500 will need a special form (IRS Form 8283) when filing your taxes. Here is an additional Mainstreet article that dives a little deeper into this topic.

Nonprofit 98

Nonprofit Distribution Estate Planning Taxes 98

Integrity Financial Planning

JUNE 27, 2023

That’s why this article will provide valuable tips and insights to help retirees build a legacy for their families and future generations. The Foundations of Financial Planning Proper financial planning is widely considered the first step to building generational wealth. [1]

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. For some, this may lead to more taxes paid on capital gains.

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

Harness Wealth

SEPTEMBER 23, 2024

Key Takeaways: Too many tax practices are bogged down in commoditized administrative tasks and compliance work, making it challenging to cross-sell services to expand client relationships. Take an inventory of how your practice spends time Reflect on how your own tax practice spends the bulk of its time.

Taxes 52

Taxes Clients Compliance Tax Planning 52

Harness Wealth

FEBRUARY 20, 2024

In this guide, we explore the four main types of tax professionals and the benefits of working with a tax advisor to help navigate challenging tax scenarios. We’ll dive into what a tax advisor does, and help you make an informed decision about which type of tax professional is right for you.

Taxes 52

Taxes License Education Tax Planning 52

Darrow Wealth Management

JUNE 14, 2023

Depending on the nature of the windfall, planning opportunities and considerations will vary. For example, the tax laws and distribution terms for an inheritance is quite different to the tax and liquidity considerations during an IPO. In their situation, it meant they could sell all their shares tax free.

Management 104

Management Wealth Management Wealth Advisor Taxes 104

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 97

Sales Estate Planning Wealth Advisor Taxes 97

Clever Girl Finance

JANUARY 22, 2024

10 steps to manage a financial windfall Expert tip: Keep living your life normally Factoring in taxes How do you deal with sudden financial windfall? Articles related to being wise with money Manage your large sum of money smartly! Tax refunds that are more than you expected. What should you do with a $1,000 windfall?

Management 98

Management Certified Financial Planner Financial Planner Consulting 98

Diamond Consultants

FEBRUARY 11, 2025

For the purpose of this article, we will refer to all of these as Supported RIAs. As clients are demanding more from advisors, many firms have added subject matter expertise in the areas of advanced financial planning, tax advisory, estate planning, tax preparation, and even life coaching.

Compliance 52

Compliance Clients Management Investments 52

Harness Wealth

MARCH 11, 2024

As a company founder, early startup employee, or small business owner, you may find yourself in a higher tax bracket as your business grows or you realize gains from equity compensation. But that doesn’t mean you simply have to accept a higher tax bill. Here are 20 tax-efficient actions to consider when filing your taxes in 2024.

Startup 59

Startup Taxes Medical Retirement 59

Harness Wealth

MARCH 5, 2024

Tax advisors, and other tax professionals , offer services from preparing and filing annual tax returns to comprehensive tax strategies that help minimize taxes and preserve wealth over time. In this guide, we’ll explore the average fees of tax advisors in the US for 2024.

Taxes 52

Taxes Tax Planning Education Ethics 52

Yardley Wealth Management

SEPTEMBER 14, 2020

Retirement Planning, Income Taxes. I had the opportunity to share my thoughts on SEP IRAs with Rachel Hartman of US News & World Reports for her fine article titled, “What is a SEP IRA?” Since we have some deadlines coming up, I thought I’d promote her article again here in my blog. What is a SEP IRA?

Retirement 52

Retirement Retirement Planning Wealth Management Estate Planning 52

Clever Girl Finance

AUGUST 19, 2024

Create or revise your estate plan 9. Plan for emergency expenses 11. Articles related to expanding your family Leverage these tips to save for a baby! As a mom to twins, I can tell you first-hand that babies are an incredible blessing, but if you are able to, you definitely want to plan your finances out ahead of time.

Insurance Coverage 104

Insurance Coverage Budgeting Medical Insurance 104

MainStreet Financial Planning

AUGUST 29, 2024

How are UTMAs/UGMAs taxed? This account is owned by the child, so earnings are generally taxed at the child’s assumed lower tax rate instead of the parent’s rate. Note: This is not tax-advantaged like a 529 plan. This is the power of this type of account. What is the impact on Financial Aid?

Education 94

Education Accounting Taxes Assets 94

Clever Girl Finance

DECEMBER 1, 2022

In this article, I’ll take you through everything you need to know in order to plan for your financial future. Keep reading, then get ready to take some action to kick-start your own solid money plan. So what is a financial plan in simple terms? Plan for taxes. Yup, taxes! Create an estate plan.

Financial Planning 105

Financial Planning Planning Budgeting Insurance 105

Clever Girl Finance

MARCH 19, 2024

Create a list of things to plan for How to make a financial plan Expert tip: Consider your needs for each life stage Determine the type of financial plan you need Tips on how to frequently review your financial plan What is a financial plan using an example? Is a financial plan the same as a budget?

Financial Planning 103

Financial Planning Planning Budgeting Insurance 103

WiserAdvisor

NOVEMBER 4, 2022

In addition to this, you can save more and plan for more significant purchases with greater ease. The tax liabilities for married couples filing their taxes jointly will differ from single individuals and those filing individually. Married couples can file their taxes jointly under the filing status of married filing jointly.

Financial Planning 93

Financial Planning Planning Taxes Financial Advisor 93

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

WiserAdvisor

FEBRUARY 19, 2024

A financial advisor can help you identify common retirement planning blind spots. This article will also uncover some of the key blind spots you need to be aware of in your retirement planning journey. As a couple aged 65 in 2023, you may need approximately $315,000 saved (after tax) to cover your healthcare expenses.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

WiserAdvisor

APRIL 12, 2023

When planning for retirement, one of the most important decisions you will likely make is which type of retirement account to use. The Roth Individual Retirement Account (IRA) and the pre-tax retirement account are two common options. A Roth IRA is a tax-advantaged retirement savings account funded with your after-tax dollars.

Accounting 40

Accounting Retirement Taxes Financial Advisor 40

Darrow Wealth Management

MAY 3, 2024

And ultimately, how to invest a windfall will depend on a number of factors, including your risk tolerance, time horizon, and spending plans. And that’s before even considering taxes or market volatility! Depending on your goals and personal financial situation, there may be many more planning opportunities to consider.

Wealth Management 52

Wealth Management Wealth Advisor Financial Planning Financial Advisor 52

Darrow Wealth Management

MAY 3, 2024

And ultimately, how to invest a windfall will depend on a number of factors, including your risk tolerance, time horizon, and spending plans. And that’s before even considering taxes or market volatility! Depending on your goals and personal financial situation, there may be many more planning opportunities to consider.

Wealth Management 52

Wealth Management Wealth Advisor Financial Planning Financial Advisor 52