Harness Wealth

JANUARY 29, 2025

A full list of tax provisions for states affected by natural disasters can be found here. In this article, well examine the most effective end-of-year tax strategies to help maximize your deductions and reduce your taxable income. This article is a product of Harness Tax LLC.

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Darrow Wealth Management

NOVEMBER 17, 2022

The ‘millionaires’ tax will also ensnare taxpayers who exceed the $1M limit after selling a home, business, stock options, or other types of one-time events. Article is a general communication only and should not be used as the basis for making any type of tax, financial, legal, or investment decision.

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Harness Wealth

JANUARY 9, 2025

Total 401(k) contribution limits: Including employer matches, after-tax contributions, and other contributions, the total limit is $69,000 (or $76,500 for individuals aged 50 and above). The key difference lies in the final destination of the after-tax contributions. This article is a product of Harness Tax LLC.

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Darrow Wealth Management

DECEMBER 23, 2022

would permit employers to make matching contributions to an employee’s 401(k) and 403(b) retirement plan, even if the worker isn’t saving themselves. Keep in mind, matching contributions are often voluntary so it would be up to the plan as to whether to adopt this provision. The Secure Act 2.0 Other Roth changes. So stay tuned!

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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.

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Harness Wealth

MARCH 6, 2025

A good rule of thumb is to set aside at least 30% of every payment you receive to cover your estimated tax obligationshowever, this percentage may need to be adjusted based on your individual tax bracket. On the whole, its advisable to consult a tax adviso r to develop a dependable tax plan.

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Darrow Wealth Management

SEPTEMBER 11, 2024

Note that successor beneficiaries, e.g. people that inherit an IRA from someone other than the original IRA owner, may have different rules, which is outside the scope of this article. This article focuses on the distribution rules for non-eligible designated beneficiaries as that is most common.

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Darrow Wealth Management

AUGUST 8, 2022

Unless a non-spouse beneficiary qualifies for an exception¹, previous guidance stipulated that funds from an inherited 401(k), IRA, 403(b), or other qualified retirement plan (including Roth IRAs) must be taken in 10 years following the year of death. Article by Darrow Advisor Kristin McKenna, CFP® and originally appeared on Forbes.

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Darrow Wealth Management

NOVEMBER 20, 2023

If you think retirement planning moves stop at retirement, think again. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. But there are other ways to go about tax planning.

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James Hendries

JULY 13, 2023

A CRT may be partially tax-deductible right away. iii] Another advantage of charitable giving, particularly assets that have appreciated significantly, is reducing the size of your overall taxable estate for estate tax planning. If your estate is subject to estate tax after you die, your wealth could take a 40 percent hit.

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WiserAdvisor

FEBRUARY 19, 2024

Blind spots in retirement planning are those aspects that are often overlooked, either intentionally or subconsciously. From seemingly harmless low-interest debt to underestimating the emotional impact of transitioning out of the workforce, various factors can disrupt your peace of mind during your retirement years.

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Investing Caffeine

MAY 3, 2023

If you are close to retirement, and you have too much exposure to equities, a retrenchment in the stock market could delay your retirement plans by years. This concept highlights the importance of rebalancing your portfolio as you get closer to retirement. Slome, CFA, CFP ® Plan. I know what my answer is.

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Zoe Financial

MAY 18, 2023

From retirement planning to market volatility, equity compensation, family expenses, and major life transitions, it’s easy to feel overwhelmed with financial responsibilities. Schedule your initial free consultation today: [link] AI Disclosure: This article was partially edited with automation technology.

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WiserAdvisor

AUGUST 3, 2023

This article will explore whether their fee of 1% is worth it. A reputable financial advisor should provide a comprehensive range of services, including budgeting, debt management, insurance optimization, tax planning, retirement planning, estate planning, and investment management.

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Indigo Marketing Agency

MARCH 10, 2025

Instead of just talking about taxes in retirement, Joe presents a clear problem (overpaying taxes) and an actionable solution (his free video series on tax planning through retirement). A strong hook: He immediately addresses a common pain point: Worried about taxes eroding your retirement savings?

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Random Roger's Retirement Planning

SEPTEMBER 22, 2022

Figuring that out now, ahead of time, before you need it is the best chance for a more robust and resilient retirement plan. I am open to the possibility that I could change my mind about waiting until 70 which is why I continue to pursue reading about it like Yeigh's article. Game that out, what could you do?

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Indigo Marketing Agency

JULY 1, 2024

Here are some innovative financial planning marketing ideas: Host workshops and webinars: These are effective ways to educate your audience on topics such as retirement planning, investing strategies, and tax planning. This boosts SEO and enhances your reputation as a leader in the industry.

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WiserAdvisor

NOVEMBER 4, 2022

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. Retirement planning is a must, so start with maximizing your 401k and Individual Retirement Accounts (IRAs). To conclude.

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WiserAdvisor

DECEMBER 15, 2023

Consider consulting with a professional financial advisor who can help you understand and employ suitable retirement investment strategies based on your income, age, and retirement expectations. This article explores different ways in which financial advisors can help you with wealth accumulation for retirement.

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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.

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Darrow Wealth Management

OCTOBER 24, 2022

Usually, to benefit from charitable giving, taxpayers need to itemize their tax deductions. Like any tax planning strategy involving charitable giving, you must be charitably inclined for it to make sense. Article written by Darrow Advisor Kristin McKenna, CFP® and originally appeared on Forbes.

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Distribution Taxes Retirement Accounting 74

Darrow Wealth Management

JANUARY 9, 2023

Starting with the 2017 Tax Cuts and Jobs Act, then the 2019 Secure Act 1.0, it’s clear that investors need to be adaptive in tax planning. illustrates the importance of revisiting your retirement and tax planning strategy annually. ¹ At the very least, the Secure Act 2.0 The RMD age use to be pretty simple.

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Midstream Marketing

DECEMBER 6, 2024

Running focused social media campaigns that highlight their services and share their skills in areas like tax planning or retirement planning. Thought leadership articles : Share your personal views on market trends and ways to invest.

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James Hendries

SEPTEMBER 27, 2022

Answering the following questions can help you get started: For retirement: How many years until you retire? Does your company offer an employer-sponsored retirement plan or a pension plan? Can you estimate what your balance will be when you retire? There may be income tax consequences, as well.

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Sara Grillo

MARCH 22, 2024

Aaron Parish [link] Level Wealth Stephan Shipe Home Scholar Advising Ohio Curtis Bailey quietwealth.net Flat Fee of $6,000 per year charged at $500 per month Brian Tegtmeyer Home Flat Fee financial planning, investment management, and tax planning for new retirees. I also provide one-time retirement plans for DIY investors.

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WiserAdvisor

SEPTEMBER 8, 2023

Delaying specific actions until your retirement is finalized can help you better prepare for this significant life transition. You may consult with a financial advisor to understand how to prepare for retirement and the importance of adopting a prudent approach to retirement planning.

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FMG

OCTOBER 6, 2022

Many advisors approach accounting and tax planning by reviewing the past, but effective financial planning requires looking toward the future and using the data from a CRM system for accurate projections. Editing note: This article was originally published on Nov 10th, 2020 and has been updated to ensure consistency.

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WiserAdvisor

SEPTEMBER 27, 2023

The 401(k) retirement plan is one of the most powerful tools. This tax-advantaged savings vehicle allows you to accumulate wealth steadily over a lifetime of diligent saving and investing. But is it truly enough to sustain a comfortable retirement? Is having over $2 million in your retirement account enough?

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Harness Wealth

OCTOBER 24, 2024

What do you need to optimally complete and file your taxes? This article covers a comprehensive list of the most common forms, documents, and information needed to file taxes. If you need a cheat sheet, download our 1-page tax prep checklist. If you’re asking that question, we’ve got you covered.

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WiserAdvisor

JULY 18, 2023

This article will go over the fundamentals of the Roth IRA retirement account, how not paying taxes on a Roth IRA can help you save money in retirement, and ways to use the account to unlock its tax benefits. If you are saving for retirement, you would have likely come across or heard of an IRA.

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International College of Financial Planning

AUGUST 2, 2021

If that sounds your case in this article, we shall look at the information you must know with regards to a career as a Financial Advisor. Accounting & Tax Planning Firms. Fast-growing investment, tax planning industry. What Does a Financial Advisor Do? Banks & NBFCs. Brokerage Firms. Insurance Companies.

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Midstream Marketing

NOVEMBER 6, 2024

When you share useful things, like white papers, blog posts, articles, and updates on social media, you can show that you are a thought leader in the financial industry. Retirement Planning: Give tips on how to save for retirement. Explain how to manage your retirement funds and pay for healthcare.

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Harness Wealth

MARCH 11, 2024

But that doesn’t mean you simply have to accept a higher tax bill. With the right guidance, there are ways to reduce your federal taxes and your state and local taxes. In this article, we’ll explore 20 tax-saving strategies you can consider to reduce your taxable income.

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WiserAdvisor

JUNE 2, 2023

These professionals also hold expertise in various fields, such as retirement planning, tax management, estate planning, investment management, insurance, debt management, wealth management, and more. They help prepare a retirement plan based on a client’s financial needs and goals.

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WiserAdvisor

FEBRUARY 29, 2024

This article will help you understand the benefits of working with a financial advisor to secure your financial future. Below are five benefits of working with a financial advisor and how they can help you retire with more wealth: 1. This ultimately optimizes the likelihood of achieving your desired outcomes over the long term.

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Cordant Wealth Partners

SEPTEMBER 27, 2021

In this article, we cover how compensation at Microsoft works and how you can maximize your benefits. At Cordant, over our decades of experience working with Tech professionals, we’ve built expertise on the various industry benefits plans and how our clients can take advantage of them, which we’ll get to below.

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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?

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