Nerd's Eye View

SEPTEMBER 6, 2024

Notably, while the rule will create an additional compliance burden, the due diligence advisers offering comprehensive planning services (as well as their investment custodians) are likely already conducting on their clients to create an effective financial plan could be a 'defense mechanism' for these firms against criminals looking to take advantage (..)

Financial Planner 246

Financial Planner Tax Planning Compliance Financial Advice 246

Nerd's Eye View

MAY 31, 2024

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Financial Planning Association and Money.com are planning to publish a “Best Financial Advisors” list based on advisors’ education, credentials, and experience, as well as harder-to-quantify (..)

Financial Planner 238

Financial Planner Ethics Financial Advisor Taxes 238

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

WiserAdvisor

NOVEMBER 4, 2022

Your expenses get divided, your debts are lessened, and your assets are increased. In addition to this, you can save more and plan for more significant purchases with greater ease. For these reasons and several others, it is essential to follow specific financial planning tips for dual-income families.

Financial Planning 93

Financial Planning Planning Taxes Financial Advisor 93

eMoney Advisor

MARCH 16, 2023

Early in my career at a large broker-dealer in San Francisco, I noticed retirees were the ones getting all the attention, while the Millennials were craving financial knowledge and the attention of financial advisors. Tax and insurance advice was also somewhat constrained. This is an easier way to get the lifestyle you want.

Financial Planning 88

Financial Planning Planning Clients Retirement 88

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. Table of contents What is a financial plan?

Financial Planning 91

Financial Planning Planning Budgeting Retirement 91

eMoney Advisor

DECEMBER 27, 2022

As client expectations continue to evolve, there is an opportunity for financial planners to broaden and deepen their service offerings by providing holistic financial planning. At this level, the focus shifts to growing assets for long-term success and longevity. 3 Deckers, Lambert. Routledge Press, 2018.

Financial Planning 78

Financial Planning Planning Clients Wealth Management 78

Abnormal Returns

SEPTEMBER 26, 2022

Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of tax planning for Baird. linkedin.com) Fintech Most people don't need asset management, they need paycheck management. ft.com) Advisers Why checklist-style financial planning isn't all bad. Budge looks to solve this.

Tax Planning 130

Tax Planning Startup Compliance Financial Planning 130

Yardley Wealth Management

MARCH 1, 2022

The post Part 3: Tax-Wise Financial Planning appeared first on Yardley Wealth Management, LLC. Part 3: Tax-Wise Financial Planning In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. Life happens.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Yardley Wealth Management

MARCH 1, 2022

The post Part 3: Tax-Wise Financial Planning appeared first on Yardley Wealth Management, LLC. Part 3: Tax-Wise Financial Planning. In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. . Life happens.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

WiserAdvisor

OCTOBER 11, 2022

Most people start financial planning with the goal of growing their finances through savings and investments. But financial planning is not limited to increasing your wealth alone. Tax planning is essential. Tax is charged on every penny you earn. What impact do taxes have on your financial planning?

Financial Planning 80

Financial Planning Accounting Taxes Planning 80

Advisor Perspectives

DECEMBER 26, 2023

Advisors are being asked to provide their clients with a full suite of solutions, ranging from estate and tax planning to portfolio management, and everything in between. Clients are increasingly eager to gain access to fully customizable solutions that meet their individual needs.

Asset Allocation 105

Asset Allocation Portfolio Management Tax Planning Financial Planning 105

WiserAdvisor

JULY 1, 2022

That said, entrepreneurship can sometimes be cumbersome in spirit, especially in terms of financial planning. Long working hours, lack of financial security, irregular income, managing investors, liquidity issues, insufficient equity, and more, while juggling personal finances, can be a daunting task.

Financial Planning 52

Financial Planning Planning Financial Planner Retirement 52

International College of Financial Planning

DECEMBER 29, 2024

In today’s increasingly complex financial landscape, professional financial planning education has become more crucial than ever. The CFP certification stands as the gold standard in financial planning, offering professionals a comprehensive pathway to excellence in this dynamic field.

CFP 52

CFP Financial Planning Planning Certification 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

Workable Wealth

OCTOBER 14, 2020

Financial planning can take your money game up a notch by bringing clarity, strategy, and intention to your financial life. A healthy financial plan gives you the tools to take control of your finances and start living your life with passion, purpose, and freedom. So what’s the value of a financial plan?

Financial Planning 52

Financial Planning Planning Insurance Coverage Tax Planning 52

International College of Financial Planning

APRIL 25, 2024

This certification is recognized globally and showcases a deep, systematic understanding of personal financial management, including investment planning, risk management, tax planning, and retirement planning. Individuals who earn this certification are thoroughly prepared to offer expert financial advice.

Certification 52

Certification CFP Certified Financial Planner Financial Planning 52

Integrity Financial Planning

OCTOBER 9, 2022

Although many investing and wealth-preservation principles apply to anyone – such as developing a tax plan, assessing a portfolio’s risk exposure, and more – there are key risks to be aware of when you have more money and more valuable assets to protect. Being Too Conservative. Not Taking Inventory of Collectibles.

Tax Planning 95

Tax Planning Financial Advisor Taxes Wealth Management 95

Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important?

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

MainStreet Financial Planning

MAY 31, 2022

The MainStreet Financial Planning Discussion Club. Tax Planning: Things to work on before year-end. Though it may seem that we’ve just put last tax season to rest, now is the time to work on adjustments to optimize your 2022 taxes! “MainStreet Chalk Talk”. 30-45 minutes. Some of the topics we’ll discuss: ?

Tax Planning 40

Tax Planning Taxes Planning Financial Planner 40

Darrow Wealth Management

NOVEMBER 17, 2022

Further, both examples ignore other sources of income, such as wages, pre-tax retirement account distributions, dividends, etc., that could increase the tax due from the surtax. Considering tax planning strategies to reduce the impact of the new MA surtax. Financial decisions should be tax- conscious vs tax- driven.

Taxes 107

Taxes Wealth Management Tax Planning Planning 107

Nationwide Financial

JANUARY 25, 2023

Here are some key points to use with clients as you help them assess their retirement plans. Review risk tolerance and current asset allocation strategy It’s important to ensure your clients’ portfolios align with their risk tolerance because taking too much risk can negatively impact their ability to navigate market fluctuations.

Risk Tolerance 102

Risk Tolerance Retirement Planning Asset Allocation Retirement 102

Integrity Financial Planning

AUGUST 21, 2023

A financial advisor can help guide you through all possible options and help you to understand how those options will affect you and your business. One of those options might be to set up a defined contribution plan such as a 401(k). [1] 2] An employer’s contributions to these accounts are tax-deductible with certain limitations. [3]

Retirement 95

Retirement Retirement Planning Accounting Taxes 95

Darrow Wealth Management

SEPTEMBER 26, 2024

Further, unlike retirement accounts, assets in a brokerage account can be used for any purpose at any time without early withdrawal penalties. Retiring early is also even more difficult without taxable assets as you’ll need to bridge the gap before penalty-free distributions from 401(k)s or IRAs begin, perhaps to cover medical expenses.

Accounting 94

Accounting Retirement Distribution Taxes 94

eMoney Advisor

DECEMBER 13, 2022

Generally, a mass affluent client has investable assets between $100,000 and $1 million. These individuals are often underserved by traditional investment firms because they lack the assets to meet minimum requirements. Explain that using the budget is the first step towards the goal and part of an actionable financial plan.

Budgeting 84

Budgeting Clients Financial Planning Retirement 84

Integrity Financial Planning

NOVEMBER 7, 2022

If this might be the case for you, engaging in tax-loss harvesting may help you save on taxes in a sensible, legal way. When it comes to tax-loss harvesting, timing is key. Knowing what tax years to make your asset adjustments is an important component of properly offsetting losses. Key Takeaway. 1] [link]. [2]

Taxes 98

Taxes Investments Investing Retirement 98

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.

Taxes 101

Taxes Tax Planning Planning Estate Planning 101

Integrity Financial Planning

AUGUST 28, 2023

This is because they can pay today’s tax rates but re-invest through a Roth so their investments can grow and be withdrawn completely tax-free after 59.5. [1] You are encouraged to consult your personal tax advisor or attorney. appeared first on Integrity Financial Planning, Inc.

Retirement 95

Retirement Taxes Accounting Tax Planning 95

WiserAdvisor

JULY 3, 2023

A financial advisor can help you understand the intricacies of financial planning for physicians. Below are 6 common financial planning mistakes physicians make: Even though financially well-off, physicians tend to make several financial mistakes. Some mistakes that physicians must avoid: 1.

Financial Planning 40

Financial Planning Planning Financial Advisor Medical 40

WiserAdvisor

AUGUST 31, 2023

A financial advisor can assess your risk tolerance, investment horizon, and income needs to tailor a portfolio that aligns with your unique situation. They can help you diversify your money across various asset classes and reduce your portfolio’s risk while aiming for consistent returns.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

Yardley Wealth Management

MAY 30, 2023

A Guide for Financial Planning When it comes to managing your finances, it’s crucial to work with a professional who puts your interests first. As a result, this plan can help guide your financial decisions and ensure that you’re on track to achieve your goals. appeared first on Yardley Wealth Management, LLC.

Fee Only 52

Fee Only Risk Tolerance Ethics Retirement Planning 52

eMoney Advisor

FEBRUARY 28, 2023

It would be difficult to create a holistic financial plan for any client without a full picture of their financial lives. Account aggregation gives financial professionals—and their clients—a complete and centralized view of the client’s financial information.

Accounting 71

Accounting Financial Planning Clients Assets 71

Truemind Capital

JULY 8, 2024

Well, usually it starts in the last quarter of the financial year (Jan-Mar) when many employees scurry to provide investment proof to save tax outgo. Sadly, many of our last-minute decisions prove to be poor investments thereafter and hence it’s a good idea to start the tax planning exercise early on.

Taxes 64

Taxes Asset Allocation Tax Planning Financial Planning 64

Steve Sanduski

SEPTEMBER 17, 2024

Guest: Megan Gorman, Founder and Managing Partner of Chequers Financial Management , a female-owned, high-net-worth tax and financial planning firm based in San Francisco. So again, it’s a lot of deep discussions, a lot of understanding what’s important, and also understanding the underlying assets.

Financial Planning 52

Financial Planning Taxes Clients Planning 52

International College of Financial Planning

JANUARY 18, 2023

He is a BFSI Industry Veteran with over 30 Years of Experience across various functions Financial planning is, in the words of renowned author Alan Lakein, “Bringing the future into the present so that you may do something about it now.” The CFP Certification provides several benefits to a Certified Financial Planner.

Certified Financial Planner 52

Certified Financial Planner Financial Planner Certification CFP 52

Fortune Financial

SEPTEMBER 25, 2023

Your risk tolerance will influence your investment strategy and asset allocation. Incomes and Expenses Evaluate your current financial situation. Tax Considerations Be mindful of tax implications related to your goals. Chartered Financial Analyst (CFA) CFAs are experts in investment management and analysis.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

International College of Financial Planning

SEPTEMBER 7, 2024

Whether you are already a professional in the financial sector or just beginning your journey, earning the Certified Financial Planner (CFP®) designation can be a game-changer. The CFP® Fast Track course offers a quick, efficient pathway to certification, allowing you to accelerate your career in the financial planning industry.

CFP 52

CFP Certification Certified Financial Planner Financial Planning 52