Darrow Wealth Management

APRIL 21, 2025

This approach typically provides greater benefits to those who have significant assets and high taxable income in retirement. Tax-free withdrawals Five years after the year in which you make a Roth conversion or first open the account youre able to withdraw funds for qualifying events without a penalty.

Retirement 54

Retirement Retirement Planning Taxes Accounting 54

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

Harness Wealth

SEPTEMBER 18, 2024

Only 26% of Americans have an estate plan. If you’re thinking, “But my clients are high-net-worth…many more have an estate plan.” And you’ll see in our Q&A below, that tax advisors can bring estate planning into the conversation early on in a client relationship. What do these numbers tell us?

Taxes 52

Taxes Clients Planning Estate Planning 52

Darrow Wealth Management

JUNE 14, 2023

Managing sudden wealth paid in cash after the sale of a business or winning the lottery also requires planning, but perhaps with a bit less to unpack in the beginning. Sudden wealth events rarely happen more than once during someone’s lifetime (if at all), so proper financial management is essential. What is sudden wealth?

Management 104

Management Wealth Management Wealth Advisor Taxes 104

Harness Wealth

APRIL 17, 2025

To protect yourself in the event of an audit, maintaining thorough documentation is essential. Some meal expenses can qualify for 100% deductibility under specific circumstances, such as company-wide events, or meals provided for the convenience of employees during overtime work, or staff meetings.

Taxes 52

Taxes Tax Planning Professional Services Planning 52

AdvicePay

JUNE 13, 2024

With the fee-for-service model, you can customize service offerings for clients seeking advice who don’t (yet) have traditional portfolio assets to transfer to your firm’s custodian for full-time management. This approach allows you to engage these clients by charging a fee that’s covered through their monthly cash flow.

Insurance Coverage 87

Insurance Coverage Financial Planning Estate Planning Tax Planning 87

Carson Wealth

DECEMBER 8, 2022

Add up all of your assets and subtract your debt. Debt is what you owe to any creditor, and assets include the value of all of your bank, brokerage, investment and crypto accounts, real estate holdings, and high-ticket vehicles like jets, boats and luxury cars. Revisit Your Estate Plan. Do most people do that?

Estate Planning 98

Estate Planning Budgeting Financial Advisor Risk Tolerance 98

WiserAdvisor

AUGUST 31, 2023

They can help you diversify your money across various asset classes and reduce your portfolio’s risk while aiming for consistent returns. A financial advisor can help you with estate planning and preparing for your legacy goals Life is ever-changing, and estate planning becomes even more crucial during retirement.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

Darrow Wealth Management

OCTOBER 28, 2024

When you own a business, your net worth is highly concentrated in one illiquid asset. How do the cash proceeds stack up against your other assets and investments? Don’t discount your non-financial goals and what you plan to do after you sell. A liquidity event is a great opportunity to develop a long-term investment plan.

Sales 104

Sales Taxes Estate Planning Planning 104

MainStreet Financial Planning

MAY 10, 2023

Donating time: Charities often need volunteers to help with events, fundraising, and other activities. Donating securities or other assets: Some charities may accept donations of stocks, bonds, real estate, or other assets. Items totaling over $5,000 will need an appraisal.

Nonprofit 98

Nonprofit Distribution Estate Planning Taxes 98

Steve Sanduski

APRIL 8, 2025

Building your credibility as a thought leader via marketing and educational events. Do you have an estate plan? ’ All the things that any financial planner going through a process would talk about up to and including now, pivoting over into the assets, getting truthful about where someone stands.

Engineering 52

Engineering Communication Financial Planning Clients 52

WiserAdvisor

FEBRUARY 21, 2023

Encourage the elderly to designate a trusted individual to act as their agent Older adults may require someone to carry out some tasks on their behalf in the event that they become incapacitated. As a person grows old, they may lack the energy, health, and interest to manage their money and other assets.

Financial Advisor 104

Financial Advisor Clients Estate Planning Education 104

Harness Wealth

APRIL 16, 2025

This flexibility allows for more sophisticated estate planning strategies and continued tax-free growth throughout retirement. When unforeseen events created challengeslike significant market downturns, sudden financial hardships, or changes affecting the ability to pay tax liabilitiesrecharacterization offered a way out.

Taxes 52

Taxes Retirement Distribution Retirement Planning 52

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

These plans will not be offered to everyone and have restrictions for use. TAX AND ESTATE PLANNING. The closing out of a year provides a great opportunity for us to take stock of the events of that year and determine if any changes need to be made. Tax Loss Harvesting. Insurance Amounts .

Insurance Coverage 98

Insurance Coverage Retirement Planning Financial Advisor Taxes 98

Zoe Financial

MARCH 21, 2025

Published: March 21st, 2025 Reading Time: 6 minutes Written by: The Zoe Team Managing wealth involves more than just investingit requires careful planning, strategic decision-making, and a long-term vision. Estate Planning : Ensuring your wealth is passed on according to your wishes.

Financial Advisor 45

Financial Advisor Strategic Planning Estate Planning Retirement 45

Darrow Wealth Management

AUGUST 28, 2023

The sale of a business marks a major life event. On the personal side, your financial advisor , estate planning attorney, and CPA/tax advisor should be involved throughout the process. Consider working with a sudden wealth advisor who focuses on helping individuals experiencing a transformative liquidity event.

Sales 97

Sales Estate Planning Wealth Advisor Taxes 97

eMoney Advisor

FEBRUARY 9, 2023

According to a Fidelity study, 45 percent of younger investors are more inclined to consolidate their assets with one advisor as opposed to spreading assets across multiple advisors. Starting Out clients are typically focused on beginning to build wealth.

Financial Planning 95

Financial Planning Clients Planning Education 95

eMoney Advisor

APRIL 13, 2023

” For the firms LPL supports in the space, this has translated to a 48 percent increase in assets under management and a 42 percent increase in revenue from February 2020 to January 2022, Mihal said. Part of that equation includes client-facing tools that promote engagement with their planning.

Banking 74

Banking Clients Planning Financial Planning 74

Midstream Marketing

OCTOBER 30, 2024

As time goes on, these clients often allow their advisor to manage even more of their assets. Offering fun rewards for referrals, like gift cards, discounts, or client appreciation events, is a clever idea. Clients who come from referrals tend to stay with a financial advisory practice for many years. It also adds a personal touch.

Financial Advisor 52

Financial Advisor Marketing Marketing Clients 52

Yardley Wealth Management

MARCH 1, 2022

But we can weave each event into the tax-planning fabric of your financial life. Following are just a few life events you may encounter over time. Each can translate into tax-planning challenges and opportunities: Events Tax-Planning Possibilities You get a job. Life happens. You sell a business.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Yardley Wealth Management

MARCH 1, 2022

But we can weave each event into the tax-planning fabric of your financial life. . Following are just a few life events you may encounter over time. Each can translate into tax-planning challenges and opportunities: . Tax-Planning Possibilities. Life happens. Often, we cannot predict its next moves.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Brown Advisory

MARCH 1, 2019

Managing Assets, Preserving Time Business founders may find it odd—or even superstitiously dangerous!—to to focus heavily on personal planning for a liquidity event that may not come to fruition (and won’t occur for several years if it does). Preparation for exit and beyond. Build / Grow. Post-Liquidity.

Planning 52

Planning Estate Planning Clients Startup 52

Brown Advisory

MARCH 1, 2019

Managing Assets, Preserving Time. to focus heavily on personal planning for a liquidity event that may not come to fruition (and won’t occur for several years if it does). In between these meetings, the client can focus on the business, and we take care of driving all of the investment and planning work. Build / Grow.

Planning 52

Planning Estate Planning Clients Startup 52

Clever Girl Finance

DECEMBER 1, 2022

It details your current money situation, as well as your financial system, including things like investing, saving, retirement, and estate plans. So what is a financial plan in simple terms? Create an estate plan. Estate planning is not something a lot of people like to think about, but it's essential!

Financial Planning 105

Financial Planning Planning Budgeting Insurance 105

Clever Girl Finance

JANUARY 22, 2024

Update or create your estate plan If you don’t already have an estate plan , now would be a great time to create one. It’s a major life event. You should update or create an estate plan to reflect the change. It’s a good idea to have at least 3 to 6 months of living expenses saved.

Management 98

Management Certified Financial Planner Financial Planner Consulting 98

Clever Girl Finance

MARCH 19, 2024

It details your current money situation and financial system, including investing, saving, retirement, and estate planning. So, what is a financial plan, in simple terms? Insurance is essentially your backup plan, protecting your assets in the event a life circumstance occurs that requires a large amount of money to resolve.

Financial Planning 101

Financial Planning Planning Budgeting Insurance 101

Harness Wealth

APRIL 26, 2022

But when it comes to your crypto assets, there are some strategies you can employ to make sure you don’t pay any more than you have to. Just like with other assets, if you buy crypto through an IRA, the tax will be paid at your income tax rate at retirement. Be aware of how long you have held onto your crypto assets.

Taxes 52

Taxes Assets Nonprofit Financial Advisor 52

Fortune Financial

JUNE 2, 2023

In this comprehensive guide, we will explore the intricacies of NUA, its benefits and considerations, and provide practical insights to help you make informed decisions regarding your retirement assets. NUA is a tax strategy that applies to individuals who hold employer stock within their employer-sponsored retirement plans, such as a 401(k).

Retirement Planning 52

Retirement Planning Distribution Retirement Taxes 52

The Big Picture

SEPTEMBER 12, 2022

They run over $800 billion in client assets, and Kristen’s group, the North American Group, is responsible for about half of the revenue that that massive organization generates. They had a big liquidity event. BITTERLY MICHELL: … across asset classes is the way that I think about it. Her name is Kristen Bitterly Michell.

Clients 299

Clients Wealth Management Banking Investing 299

WiserAdvisor

JANUARY 27, 2023

High-Net-Worth Individuals (HNWIs) have a net worth of $1 million or more in liquid assets. In general terms, a high-net-worth individual is someone with substantial wealth and a mix of liquid assets, such as cash, stocks, and bonds, as well as non-liquid assets, such as real estate and privately-held businesses.

Wealth Management 52

Wealth Management Taxes Financial Planner Assets 52

Harness Wealth

JUNE 9, 2023

A financial plan is a comprehensive blueprint designed to help you meet your financial goals, whether that’s achieving a comfortable retirement, sending your kids to college, or planning for unforeseen events. Effectively managing your equity can significantly reduce your tax burden in the event of an exit.

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

Gen Y Planning

NOVEMBER 5, 2021

Here are some ways you can consider giving to charity this year: Donate available funds via cash, check, appreciated assets, etc. . Invite family and friends to a fundraising event. Check-In On Your Estate Plan. It’s really easy to put off estate planning. Give your time and talents by volunteering.

Taxes 75

Taxes Estate Planning Planning Budgeting 75

Harness Wealth

APRIL 19, 2022

Single stocks, no matter the business quality, can be highly volatile in the public markets and internal or external events can radically change stock prices. Each person has a lifetime gift limit and transferring assets when you believe their value is lower than they will be in the future is prudent.

Management 52

Management Marketing Marketing Taxes 52

WiserAdvisor

DECEMBER 1, 2023

A financial advisor for doctors can be an indispensable asset, offering insights to these specialized professionals on how to manage their money. each of these events can profoundly impact an individual’s financial situation. These milestones can often bring unique financial challenges for physicians.

Financial Advisor 59

Financial Advisor Medical Insurance Education 59

Zoe Financial

DECEMBER 5, 2023

” Over the last year, they interviewed over 11,000 households with over $250,000 of investable assets. Financial planning, estate planning, tax planning, etc, rather than just picking stocks like in the old days. Actual economic or market events may turn out differently than anticipated.

Wealth Management 52

Wealth Management Management Financial Planning Taxes 52

Brown Advisory

DECEMBER 2, 2015

We work with clients to create—either in writing or verbally—a “mission statement” detailing how they want their assets to serve their well-being in coming decades. It also encompasses intended lifestyle, charitable giving, retirement and estate planning, and liabilities, including anticipated costs for health care.

Taxes 52

Taxes Clients Estate Planning Portfolio 52

International College of Financial Planning

APRIL 20, 2022

Once you have your goals in mind, you can start to create a plan to reach them. The next step is to analyze your current financial situation is looking at your income, expenses, assets, and liabilities. Once you understand your financial situation, you can start to think about a plan to reach your goals.

Financial Planner 52

Financial Planner Certification Education Financial Planning 52