Nerd's Eye View

SEPTEMBER 29, 2022

As a result, the list of states where a typical (or even higher-income) retiree would pay very little or even zero tax might be much larger than what might be assumed based on the top marginal rates alone. Every state in the U.S.,

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Nerd's Eye View

SEPTEMBER 6, 2022

Andy is the owner of Tenon Financial, a virtual independent RIA that oversees $70 million in assets under management for 43 retired client households.

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Tax Planning Financial Advisor Retirement Clients 246

Nerd's Eye View

NOVEMBER 1, 2023

There are many tax planning strategies that allow financial advisors to demonstrate the ongoing value they provide to clients in exchange for the fees they charge. The backdoor Roth strategy can be valuable for clients whose high income levels preclude them from making regular contributions to a Roth IRA. Read More.

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Nerd's Eye View

DECEMBER 25, 2023

And as 2023 draws to a close, we wanted to highlight 25 of the most popular and insightful articles that were featured throughout the year (that you might have missed!).

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WiserAdvisor

MARCH 13, 2024

Within this framework, the concept of the five pillars of retirement planning emerges as a valuable strategy. These pillars provide a comprehensive framework for building a resilient and sustainable plan. Asset diversification is an essential component of effective tax planning.

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Retirement Planning Retirement Planning Estate Planning 105

Abnormal Returns

AUGUST 5, 2024

(investmentnews.com) On the importance of tax planning in the first few years of retirement. nber.org) Advisers Stellar client care requires the right metrics. papers.ssrn.com) Four steps to create a digital estate plan. thinkadvisor.com) Why participation in employer-sponsored retirement plans is so important.

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Nerd's Eye View

JANUARY 31, 2024

In late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, introducing several significant changes to retirement planning. This shift has led financial advisors to explore new strategies for mitigating the resulting tax-planning challenges.

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Carson Wealth

JULY 3, 2024

Develop a risk management plan to implement strategies that minimize or eliminate risks, and protect your business with appropriate insurance coverage, such as liability, property and business interruption insurance. Get Help with Tax Planning Tax planning is a critical component of financial management.

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Nationwide Financial

MARCH 6, 2023

One strategy is to accumulate deductions that a client would normally take over 2 years into a single year. For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. Don’t forget about the net investment income tax (NIIT), which is an additional 3.8%

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Tax Planning Taxes Planning Distribution 78

Nationwide Financial

JANUARY 25, 2023

The start of a new year presents opportunities for clients to make positive changes for their financial futures. According to a recent Advisor Authority survey, powered by the Nationwide Retirement Institute®, only 20% of non-retired investors have confidence in their retirement plans despite market volatility.

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Risk Tolerance Retirement Planning Asset Allocation Retirement 102

eMoney Advisor

DECEMBER 13, 2022

Gaining a better understanding of this audience can help you connect with and identify potential clients and uncover their needs and wants in a way that benefits you both. Mass Affluent Clients and the Advice They Crave. Generally, a mass affluent client has investable assets between $100,000 and $1 million.

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Budgeting Clients Financial Planning Retirement 84

Fortune Financial

JULY 28, 2022

You cannot sell the securities within the retirement plan, then move cash to a brokerage account and purchase the same shares at that point. While within a taxable brokerage account, both dividends and capital gains generally receive favorable tax treatment. This would negate the NUA benefit.

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Taxes Planning Retirement Planning Distribution 98

eMoney Advisor

FEBRUARY 9, 2023

If you are looking for opportunities to grow your business, expanding your services to clients at all stages of the financial planning lifecycle creates new opportunities for you to reach those households in search of professional advice. Starting Out clients are typically focused on beginning to build wealth.

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Financial Planning Clients Planning Education 95

Ballast Advisors

NOVEMBER 21, 2022

What are appropriate checklists for year-end tax planning? Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Certain tax benefits may be available if you can claim an individual as a dependent. Family tax planning. Employee matters.

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Million Dollar Round Table (MDRT)

JULY 21, 2022

This is the time to do comprehensive financial planning: retirement planning, investment planning, tax planning and estate planning. Help her focus on immediate needs, pay bills, monitor cash flow and review her investment portfolio.

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Charitable Planning Estate Planning Retirement Planning Tax Planning 97

Midstream Marketing

DECEMBER 6, 2024

Explore how to reach potential clients by using educational content and CRM systems. It helps them connect with clients and grow their business. You will find tips to improve your online presence, attract more clients, and create successful campaigns. Clients now want financial advice online.

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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. But for others, there might be some strategies to consider.

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WiserAdvisor

JULY 27, 2023

This advanced language processing technology has also greatly impacted the financial advisory sector, prompting a critical question: Can ChatGPT replace human financial advisors in retirement planning? Personalized guidance, empathy, and a deep contextual understanding are integral to effective retirement planning.

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Harness Wealth

JANUARY 29, 2025

This moves your taxable income to the next tax year, potentially lowering your tax bill for 2025. For self-employed individuals : Consider delaying invoicing or billing clients so that payments are received beyond the current tax year. Timing RMDs : Begin taking RMDs by April 1 of the year after you turn 73.

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Taxes Medical Distribution Tax Planning 52

Fortune Financial

FEBRUARY 4, 2024

With our deep expertise and qualifications in NUA strategies, our experts are adept at navigating the complexities of tax-efficient retirement planning. Explore the Fortune Financial advantage in transforming how you manage your retirement assets and bringing you closer to achieving your financial dreams.

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Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

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Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade. Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

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Tax Planning Taxes Planning Healthcare 40

Yardley Wealth Management

MAY 30, 2023

A fee-only advisor is a financial professional who charges clients a transparent and agreed-upon fee for their services. Retirement Planning: A fiduciary and fee-only advisor can help you create a retirement plan that takes into account your retirement objectives and current financial situation.

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Midstream Marketing

NOVEMBER 6, 2024

Key Highlights Content marketing helps financial advisors stand out and earn trust from potential clients. When advisors share valuable content for a specific target audience, they can attract new clients and boost their online presence. Content marketing is a great strategic approach to find potential clients.

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International College of Financial Planning

JANUARY 18, 2023

Thukral explained that this advanced CFP course would help you become a certified financial planner and gain the skills needed to provide sound financial advice to your clients. A new framework helps CFPs better to serve clients, and provide them with the best possible advice. He discussed his insights.

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Harness Wealth

MARCH 6, 2025

A key first step is creating a clear, written contract with each client, explicitly stating your status as a freelancer or independent contractor. Legally, your clients are only legally required to issue a 1099-NEC for payments exceeding $600. On the whole, its advisable to consult a tax adviso r to develop a dependable tax plan.

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Taxes Consulting Professional Services Tax Planning 52

Park Place Financial

MARCH 16, 2022

Some advisors specialize in high-net-worth planning and can direct clients to the unique advantages and opportunities that come with being an HNWI. The most effective financial plan is the one that puts your needs and desires at the forefront. Income Tax Planning. Retirement Planning.

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Financial Planner Estate Planning Certified Financial Planner Retirement Planning 52

International College of Financial Planning

OCTOBER 26, 2023

Let’s unveil the roles of these dedicated experts, who tirelessly weave strategies to illuminate the path towards their clients’ financial aspirations. Embarking on this journey ensures not only professional growth but also the trust and confidence of clients. Educating Clients: Knowledge is power.

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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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Retirement Retirement Planning Healthcare Estate Planning 66

International College of Financial Planning

NOVEMBER 10, 2021

This has led to the constant lookout for Investment Advisors who are trained to offer clients the right advice and direction concerning investments based upon investment goals, the length of the investment, and the risk appetite. If you are planning your career in this direction, it is the right time to take the plunge in this trade.

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FMG

OCTOBER 6, 2022

CRM stands for Customer Relationship Management and is a technology used to manage your advisory’s relationships and interactions with clients. CRM for financial advisors tracks, manages, and analyzes the interactions you have with clients, prospects, referrals, and strategic partners. The average advisor serves 156 clients.

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WiserAdvisor

OCTOBER 4, 2022

Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. However, the main drawback to this can be the lack of foresight regarding what and how to plan.

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Budgeting Retirement Healthcare Food 102

Fortune Financial

SEPTEMBER 25, 2023

Long-term goals typically encompass retirement planning, wealth preservation and estate planning. Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning.

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Wealth Management Management Risk Tolerance Retirement Planning 59

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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Distribution Taxes Assets Accounting 98

Tobias Financial

JANUARY 20, 2023

Our Wealth Advisor, Franklin “Franko” Gay , is passionate about helping others achieve their personal goals by utilizing strategic financial and tax planning in their day-to-day lives. In summary, shoring up your financials in the decade or less before retirement can be a daunting task when you feel you have a shortfall in assets.

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Retirement Retirement Planning Taxes Wealth Advisor 52

Indigo Marketing Agency

MARCH 10, 2025

You might be getting likes and comments, but the goal is to turn those interactions into new leads and clients. A few small changes can turn your social media into a client-generating machine. Joe Dowdall isnt just posting on social mediahes using it as a tool to educate, engage, and convert prospects into clients.

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Financial Advisor Media Clients Retirement 64

Indigo Marketing Agency

JULY 1, 2024

To stand out in the competitive world of financial planning, you need more than just excellent financial services or agency support. To attract and retain clients, mastering the art of financial planning marketing is crucial. Highlight how your distinct qualities benefit your clients.

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