Harness Wealth

MARCH 27, 2025

As dynamic as the secondary market may be, secondaries come with complex tax implications that can significantly impact returns if not properly managed. What are the tax implications of secondary transactions? What are the tax challenges in secondary transactions? What tax strategies optimize secondary investments?

Taxes 52

Taxes Tax Planning Assets Compliance 52

Harness Wealth

JANUARY 29, 2025

April 15 marks the IRS tax return filing deadline for 2025. Although this is the traditional tax filing deadline, given the spate of recent natural disasters (such as the California wildfires and Hurricane Milton), the IRS is granting certain filing and payment extensions beyond this date.

Taxes 52

Taxes Medical Distribution Tax Planning 52

Cordant Wealth Partners

NOVEMBER 18, 2024

We also get you up to speed on the tax benefits of using a DAF. If you've heard of a DAF and are curious about incorporating it into your giving and tax planning strategy, this article is for you. Key Takeaways: Contributions to a donor-advised fund reduce your tax bill in the year your contribution is made.

Taxes 52

Taxes Tax Planning Nonprofit Accounting 52

Harness Wealth

NOVEMBER 12, 2024

As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. Find your next tax advisor at Harness today. Starting at $2,500.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Nerd's Eye View

JUNE 19, 2024

The role of estate planning is most commonly considered to be about transferring assets from one generation to the next in the most efficient manner possible (e.g., how to minimize the burden of estate taxes and avoid the public spectacle of the probate process). at age 21 or 30) or stagger distributions at multiple ages.

Estate Planning 190

Estate Planning Distribution Assets Planning 190

Nerd's Eye View

JUNE 19, 2024

The role of estate planning is most commonly considered to be about transferring assets from one generation to the next in the most efficient manner possible (e.g., how to minimize the burden of estate taxes and avoid the public spectacle of the probate process). at age 21 or 30) or stagger distributions at multiple ages.

Estate Planning 189

Estate Planning Clients Distribution Assets 189

Abnormal Returns

FEBRUARY 19, 2024

morningstar.com) The biz Creative Planning was able to retain some 60% of the United Capital assets. thinkadvisor.com) How tax treatment differs across states for 529-to-Roth IRA rollovers. advisorperspectives.com) Fidelity Charitable distributed $11.8 citywire.com) A lot of RIAs are in that in-between stage. riaintel.com)

Clients 279

Clients Estate Planning Wealth Management Financial Advice 279

The Big Picture

FEBRUARY 27, 2023

This demographic cohort is simply not a seller due to retirement – the tax expenses would be too great. Estate taxes are why appreciated equity is transferred this way. I asked my buddy if he had any interest in selling the stub (assets include name, intellectual property, board, ticker symbol, etc.) for pennies on the dollar.

Distribution 325

Distribution Retirement Retirement Planning Taxes 325

Nerd's Eye View

MAY 1, 2023

This month's edition kicks off with the news that robo-advisor Betterment entered into a $9M settlement with the SEC for misrepresenting its tax-loss harvesting practices in its client agreements and marketing materials compared with its actual practices (e.g.,

Taxes 245

Taxes Retirement Planning Advertising Retirement 245

Nerd's Eye View

NOVEMBER 4, 2022

A survey showing how millionaires allocate their assets and the importance they place on the recommendations of their financial advisors. ” to pass by the end of the year, while passage of other proposed tax measures appears to be less likely. Pundits continue to expect “SECURE 2.0”

Financial Planner 240

Financial Planner Financial Advisor Retirement Planning Medical 240

Nerd's Eye View

DECEMBER 15, 2023

Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S.,

Financial Planner 246

Financial Planner Retirement Taxes Insurance 246

Walkner Condon Financial Advisors

MAY 31, 2024

Breathe Easier Next Tax Season with These Planning Strategies Every year, most of us smile when we see April 15th in the rearview mirror. The completion of our tax returns being filed marks the beginning of a nine month period where we don’t need to think about funny acronyms and form numbers.

Taxes 105

Taxes Financial Advisor Tax Planning Distribution 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. The absence of required minimum distributions during the owner’s lifetime.

Taxes 52

Taxes Retirement Retirement Planning Distribution 52

Darrow Wealth Management

NOVEMBER 17, 2022

In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.

Taxes 110

Taxes Wealth Management Tax Planning Planning 110

MainStreet Financial Planning

MARCH 7, 2023

It is March…that means you have just about 5 weeks left to get organized and submit your tax return. The tax deadline is April 18, 2023 (some taxpayers in disaster areas in California, Georgia and Alabama have an extended deadline). Gathering all your documents is crucial to complete a tax return free of mistakes.

Taxes 97

Taxes Retirement Planning Distribution Planning 97

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 104

Taxes Tax Planning Planning Estate Planning 104

The Big Picture

NOVEMBER 26, 2024

Full transcript below. ~~~ About this week’s guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets. His firm runs over $10 billion in client crypto assets. And so our distribution team sits under that. You can see it before your eyes.

Investing 148

Investing Investments Assets Retail 148

Carson Wealth

DECEMBER 10, 2024

With careful planning, you may be able to reduce your tax bill or optimize the impact of your estate. Youll want to consider your income, net worth, types and liquidity of assets, your future needs and familys needs, and any other plans you want to fund like a business venture or advanced degree.

Taxes 52

Taxes Distribution Financial Advisor Assets 52

Carson Wealth

NOVEMBER 3, 2022

And while the holidays are traditionally a time to reflect on our blessings and help those less fortunate than ourselves, there’s another factor influencing the timing of these donations — and that’s the goal of minimizing a tax bill. Three Tax-Advantaged Donation Strategies to Consider. Create a donor-advised fund (DAF).

Taxes 98

Taxes Distribution Accounting Nonprofit 98

Carson Wealth

MARCH 21, 2025

An endowment is a portfolio of assets that is invested to provide support for a cause. Donations to endowment funds are tax-deductible, giving them a place in your overall financial management and tax plan. An endowment offers benefits that can extend beyond tax deductions and financial efficiency.

Distribution 52

Distribution Nonprofit Government Taxes 52

Nationwide Financial

AUGUST 29, 2022

Key Takeaways: Even without new legislation, the prospect of higher taxes in the future is still looming. The impact of higher taxes on retirees could be substantial, so staying up to date on the current tax landscape is vital. But even without new legislation, the prospect of higher taxes in the future is still looming.

Taxes 98

Taxes Retirement Accounting Budgeting 98

Darrow Wealth Management

MARCH 13, 2025

If one stock makes up more than 10% of your overall asset allocation, it’s probably too much. When considering the distribution of excess lifetime returns of individual stocks vs the Russell 3000, the median stock underperformance was almost -10%.(J.P. What is a concentrated stock position?

Management 69

Management Taxes Estate Planning Asset Allocation 69

Good Financial Cents

JANUARY 16, 2023

Access to wide array of alternative asset classes Access to ultra-wealthy investments Can invest for income or growth Learn More Now. Because the platform holds various assets – real estate , cryptocurrencies , artwork , and more – the average user holds about seven investments. Unique Asset Classes.

Assets 94

Assets Investing Investments Accounting 94

The Big Picture

OCTOBER 30, 2024

The firm manages numerous ETFs, including those that focus on shareholder yield and is approaching 3 billion in client assets. So investors that focus only on dividends historically now miss over half of the picture on how companies distribute their cash. Let’s bring in Meb Faber founder and CIO of Cambria.

Investing 148

Investing Investments Valuation Numbers 148

Darrow Wealth Management

SEPTEMBER 19, 2024

Here’s more on what a SEP IRA is, tax benefits, contribution limits, and important deadlines. This type of account allows eligible business owners to make tax-deductible contributions to a traditional IRA for their benefit as well as eligible employees. What is a SEP IRA? New Roth SEP IRA: The Secure Act 2.0

Retirement Planning 95

Retirement Planning Retirement Taxes Planning 95

Harness Wealth

APRIL 15, 2025

Thats because wealth at the upper end tends to be built not just through income, but through equity ownership, business interests, long-term investing, and real estate gains, assets that benefit from compounding, appreciation, and favorable tax treatment over time. Whats on the Average American Balance Sheet?

Wealth Advisor 52

Wealth Advisor Taxes Assets Retirement 52

The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. In fact, state revenues were often at all time highs from taxes when this happened. It depends on your asset allocation.

Assets 148

Assets Management Investing Investments 148

Darrow Wealth Management

SEPTEMBER 26, 2024

If you have time to dig into the details, here’s a primer on what you can do after maxing out a 401(k) including the tax advantages of each account type. If you have time to dig into the details, here’s a primer on what you can do after maxing out a 401(k) including the tax advantages of each account type.

Accounting 97

Accounting Retirement Distribution Taxes 97

Carson Wealth

MAY 23, 2024

While a critical decision, it’s often given significantly less thought than the distribution of your assets. Depending on the provisions of the trust, this type of arrangement could create a situation where the oldest child has complete discretion over whether to make distributions to their siblings.

Estate Planning 114

Estate Planning Planning Distribution Valuation 114

Carson Wealth

MARCH 14, 2024

This will allow you to maintain your tax-deferred status and continue to grow that nest egg for your retirement. 2. Leave It Where It Is You may elect to do nothing and leave your assets in your old 401(k). It’s worth stating again, this decision is best made while consulting with an experienced tax advisor.

Financial Advisor 143

Financial Advisor Consulting Taxes Retirement 143

Integrity Financial Planning

OCTOBER 23, 2023

You don’t have to be a billionaire to have an estate plan set up–all the assets and things you have accumulated over the course of your life can be given to your family members to help them through their own financial journey. 1] The other main reason your estate plan is important is taxes.

Estate Planning 93

Estate Planning Planning Distribution Financial Planning 93

Darrow Wealth Management

NOVEMBER 20, 2023

Considering Roth conversions in retirement When you convert pre-tax money from an IRA to an after-tax Roth IRA, the amount converted is included in your taxable income. But in retirement, without a paycheck, it can be a great opportunity to control your tax situation for the year and fill up the lower tax brackets.

Retirement 101

Retirement Distribution Taxes Accounting 101

Getting Your Financial Ducks In A Row

OCTOBER 17, 2022

This original IRA was not deductible from income for tax purposes, and the annual contribution limit was the lesser of $1,500 or 15% of household income. The Economic Recovery Tax Act (ERTA) of 1981 allowed for the IRA to become universally available as a savings incentive to all workers under age 70 1/2. billion by 1981.

Retirement 90

Retirement Distribution Taxes Retirement Planning 90

Harness Wealth

APRIL 28, 2023

If you earn income from various sources throughout the year, such as equity windfalls, venture capital fund distributions, crypto investments, and sales, or small business income, you will need to pay estimated quarterly taxes. Table of Contents What Are Estimated Quarterly Taxes?

Taxes 52

Taxes Distribution Startup Assets 52

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

Darrow Wealth Management

AUGUST 30, 2022

Depending on your financial situation and the type of asset you inherit, your options may differ. Further, many beneficiaries are eligible for a step-up in basis on eligible assets. This is a major advantage as assets can be sold/diversified right away without tax implications. What to do with an inheritance.

Distribution 108

Distribution Accounting Retirement Taxes 108

MazumaBusinessAccounting

MAY 27, 2021

Owner distributions. For example, business equipment and owner’s distributions aren’t part of the P&L. A balance sheet gives a company a quick glimpse at its assets, liabilities, and equity. The balance sheet will be broken down into those three categories: assets, liabilities, and equity. Auto expenses.

Distribution 98

Distribution Accounting Taxes Assets 98