Your Richest Life

JANUARY 27, 2025

Another problem is that there are fees associated with buying and selling in the markets. Transaction fees, management fees, and capital gains taxes can eat into your returns. Actively managed mutual funds also have more expensive internal fees, which take away from your overall returns.

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Your Richest Life

OCTOBER 31, 2022

Your 401(k) is a valuable part of your retirement plan, but it’s only one piece of the puzzle. . There are many benefits that come along with a 401(k,) including pretax or Roth 401(k) salary contributions (or both,) company matching, and tax-deferred accruals. A traditional IRA allows you to contribute pre-tax or after-tax dollars.

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XY Planning Network

JULY 7, 2023

Get a sneak peek at content reserved for XYPN members with XY Tax Solutions Office Hours program! Available exclusively to XYPN members, each month one of XYTS's tax experts hosts an office hours session where tax-specific topics are discussed and attendees can ask any top-of-mind questions. Enjoy the recording!

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Your Richest Life

JUNE 3, 2024

Find some tax savings While your taxes are fresh on your mind, you can use this time to organize your paperwork, checking your withholdings and evaluating your tax-savings strategies. One of the simplest ways to cut down on your tax liability is to save for retirement.

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Budgeting Taxes Retirement CFP 97

Walkner Condon Financial Advisors

AUGUST 18, 2022

Stock grants also come with significant tax consequences that, depending on the situation, can leave you with large tax bills. However, you do have some control over when those tax bills are paid and, in the right circumstances, you can lower your total tax bill significantly if you elect to pay taxes upfront.

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eMoney Advisor

MAY 1, 2023

John Eing, MBA, CPA, CFP® “Understanding cultural values can make you a better financial planner. James Lee, CFP® “Financial planning services are wanted and needed, and I feel that my service to FPA is my way of scaling financial planning to more people throughout society.” Here are eight of their stories to enjoy.

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Walkner Condon Financial Advisors

SEPTEMBER 2, 2022

And while ABLE accounts can be a bit more complex for Wisconsin residents, they offer significant tax benefits for individuals with disabilities and their families. The money in the account grows tax-deferred and income from the account is tax-free when used for qualified expenses. candidate for cfp® certification.

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Accounting Financial Advisor Certification CFP 98

Your Richest Life

APRIL 5, 2022

If you’ve already filed your taxes and received your refund, you might already be thinking of ways to use that refund. Here are some tips for putting that money to the best possible use in 2022: Avoid impulse tax refund spending. If you received a tax refund, then you might already be imagining different ways to spend it.

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Your Richest Life

SEPTEMBER 2, 2022

Do I have to pay taxes on the canceled debt? You do not have to pay federal taxes on the canceled debt. Check your state’s laws so you’re not surprised at tax time. At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning.

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Your Richest Life

FEBRUARY 27, 2024

Tax time is here again, and if you’re not one of the 25 million Americans who have already filed , then you’re probably going through the process of gathering what you need and preparing to file. The Child Tax Credit and Potential Changes The 2023 child tax credit is capped at a refundable amount of $1,600 – for now.

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Walkner Condon Financial Advisors

FEBRUARY 21, 2023

You also may be able to make after-tax contributions into your 401k as well to get up to the limit. While they are not tax deductible, the gains in the account will be tax deferred. ABOUT THE AUTHOR Alicia Vande Ven FINANCIAL ADVISOR, CANDIDATE FOR CFP® CERT. Alicia Vande Ven , M.S.,

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Walkner Condon Financial Advisors

FEBRUARY 28, 2023

Going beyond your emergency fund, you might have some cash set aside for other short term expenses like property taxes or an upcoming home remodeling project or maybe a wedding. These are a great option for funds you know you need on a specific date (like property taxes at the end of the year or a home remodel project next year).

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Zoe Financial

FEBRUARY 16, 2023

To implement these strategies successfully, we must first understand the difference between claiming the standard tax deduction and itemizing deductions. In this blog post, we will explore three charitable giving strategies intended for a tax deduction, minimizing record keeping, and increasing donations to charity.

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Your Richest Life

JULY 29, 2022

Players decide whether to go to college, pay taxes, choose a career and plan for retirement. At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. Plus, there are countless expansion packs and versions to customize your game. .

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Budgeting Accounting Education Fee Only 116

Harness Wealth

MAY 25, 2023

The right advisor can help manage your wealth, plan for retirement, navigate tax implications, and more. Here’s a deep dive into the average fees of financial advisors, in 2023. Fee-based : This structure is a blend of fees and commissions. CFP Exam: Successful completion of the CFP exam.

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Your Richest Life

AUGUST 10, 2024

Get Organized Open enrollment, tax prep and end-of-the-year deadlines can be overwhelming, but they don’t have to be if you get an early start. Reduce your tax bill If you want to reduce your tax bill, there are some moves you can make now to help you out in April. Check these tasks off your list by Dec.

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Taxes Budgeting Fee Only Planning 52

International College of Financial Planning

AUGUST 2, 2021

The simplest definition of the role of a financial advisor would of that of a person who helps individuals, families, and organizations make decisions related to their investments, taxes, insurance planning, retirement planning, estate planning, and money management. Accounting & Tax Planning Firms. Banks & NBFCs.

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Sara Grillo

MARCH 22, 2024

Alabama Chad Holmes [link] Flat-fee comprehensive financial planner helping baby boomers and their parents proactively minimize taxes between the two generations. Arkansas Jacob George [link] Flat-fee financial planning for Christian families wanting to make an eternal impact! Tax preparation is also available.

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Your Richest Life

JUNE 14, 2024

There are some very steep expenses that you won’t necessarily be dealing with in retirement – like a mortgage payment, income taxes and retirement savings. You might have to pay more for healthcare, travel expenses, retirement home fees, etc., Odds are you are not actually going to need $200k to live on once you retire.

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Retirement Planning Retirement Planning Fee Only 52

FMG

JULY 13, 2022

Dorsey Wealth Management offers fee-only wealth management and retirement planning for women and couples, and they do a great job of creating and sharing content that answers pressing questions and pertains to their clients, as well. Wrapping It Up. Does your social media strategy have what it takes?

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Sara Grillo

DECEMBER 13, 2024

Advice-only financial planning is fee-only comprehensive financial planning without the expectation or even the option to manage any client investments. Financial planning is offered as a stand-alone product; it is the only thing that an advice-only financial planner does.

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Financial Planning Compliance Financial Planner Fee Only 52

Walkner Condon Financial Advisors

AUGUST 13, 2022

Both 401(k)s and IRAs are Tax-Advantageous Accounts. The short answer is that they are tax-advantageous vehicles that can help you get to your retirement goals. These types of retirement accounts can be tax-deferred or have tax-free growth characteristics. Mitch DeWitt, CFP®, MBA. ABOUT THE AUTHOR.

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Retirement Taxes Financial Advisor Retirement Planning 52

Your Richest Life

APRIL 15, 2024

There are traditional and Roth 401(k)s, both differentiated by their tax benefits. Traditional 401(k) – Employee contributions reduce taxable income, but withdrawals in retirement are taxed. Like a 401(k), a 403(b) plan lets employees put some of their salary into an account, and it’s generally not taxed until it’s distributed.

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Your Richest Life

OCTOBER 15, 2022

Health insurance is often the focus of open enrollment, but don’t forget about the other important benefits offered, like: Health Savings Account (HSA) – HSAs are savings accounts funded with pre-tax contributions. They also have tax-free earnings and tax-free withdrawals for qualified medical expenses.

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Your Richest Life

SEPTEMBER 12, 2022

Bonus: Gifts to charity are tax deductible.) . At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. Maybe this year, your family decides to pull names for gift giving instead of buying for everyone. A looming recession?

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Budgeting Fee Only Financial Planning Planning 59

Your Richest Life

OCTOBER 15, 2024

But if you pay it, you will receive the benefit tax-free. Health Savings Accounts (HSA) – An HSA is a savings account that lets you add pre-tax money and withdraw it tax-free for medical expenses. But not all disability insurance policies are created equal, so make sure you understand your options.

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Your Richest Life

JULY 17, 2024

That’s why we typically prefer passive investing , with a balance of low portfolio expenses, minimal trading costs and tax efficiency. Lifestyle inflation) About Your Richest Life At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning.

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Your Richest Life

MARCH 26, 2024

Check your credit report Spring is also tax season, which is when we tend to see a spike in identity theft. Create a better organizational system Nothing tests your financial organizational system quite like filing your taxes. You’ll thank yourself when tax time rolls around again next spring.

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Your Richest Life

JANUARY 31, 2022

EE bonds can be exempt from federal income taxes if they’re used for qualified education expenses. In both cases, your savings bonds are exempt from state and local income taxes, but not federal income taxes. About Your Richest Life. For more information on the services offered, contact Katie today.

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Investing Investments Taxes Education 52

Your Richest Life

APRIL 19, 2022

You’re not limited to dry explanations about portfolio allocations and tax strategies. Mary Beth Storjohann, CFP®, is a speaker and writer who cuts through the fluff and gives clear, concise financial advice. . Money books for financial literacy. There are plenty of fun, interesting books that will meet you at your level.

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Your Richest Life

JUNE 15, 2022

Tax-loss harvesting. You may want to think about converting retirement account money from pre-tax to Roth since the market is low. You will have to pay tax on the amount that you convert, but you get more bang for your buck since markets are lower. . Back door Roths. Save Smarter. You can learn more about savings bonds here.

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Budgeting Fee Only Taxes Accounting 52

Inside Information

JULY 31, 2022

If you’re as old as Methuselah, like I am, you might remember a pivotal moment in the evolution of the planning profession, when Forbes magazine noticed that brokers, life insurance and tax shelter salespeople were starting to call themselves ‘financial planners.’

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Sara Grillo

MAY 23, 2022

This interview with Cody Garrett, CFP, of Measure Twice Financial was mind-blowing. The advice-only movement is a bigger move than a shift in fees – it’s a transcendence to a higher level of morality, transparency, and service to the consumer. What is an advice-only financial planner? So please subscribe!

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Financial Planner CFP Financial Planning Education 52

Sara Grillo

AUGUST 14, 2023

Kelly Nilsson, CFP®, CDFA®, JD Kelly’s journey in finance began in 1992, and for the first 17 years of her career she worked for financial marketing firms and insurance companies, during which time her clients were financial advisors. She obtained her CFP designation in 2003. Bogle and His Lifelong Battle to Serve Investors First.

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Clever Girl Finance

JULY 16, 2023

You’re looking for tax help Tax help should not be confused with financial advisory help. A Certified Public Accountant (CPA) is best equipped to support all your tax needs. A CPA who is also passionate about financial planning will be able to touch on your bigger financial picture while homing in on your taxes.

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Financial Advisor Financial Planner Certified Financial Planner Investment Advisor 52

Clever Girl Finance

JULY 16, 2023

You’re looking for tax help Tax help should not be confused with financial advisory help. A Certified Public Accountant (CPA) is best equipped to support all your tax needs. A CPA who is also passionate about financial planning will be able to touch on your bigger financial picture while homing in on your taxes.

Financial Advisor 52

Financial Advisor Financial Planner Certified Financial Planner Investment Advisor 52

Carson Wealth

AUGUST 28, 2022

CFP® , Director of Consumer Investment Research  . These financial advisors can offer products that pay a commission, provide fee-based services, or a combination of both. Financial advisors who only charge fees might categorize themselves as “fee-only.” AUM Fee Model vs. Commission Model .

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