Distribution, Estate Planning and Retirement

How Advisors Can Work With Attorneys To Drive Better Estate Planning Outcomes For Clients

Nerd's Eye View

APRIL 29, 2024

While much of this process may focus on the client's own lifetime planning needs (e.g., helping them develop a retirement income plan), it often also addresses the client's goals for their wealth after their death. With this in mind, many financial advisors offer estate planning guidance to clients.

Estate Planning

Estate Planning Clients Planning Financial Advisor

Making Estate Planning More Tax Efficient And Equitable For Beneficiaries By NOT Just Splitting The Assets Evenly

Nerd's Eye View

AUGUST 7, 2024

Traditionally, people tend to think of their estate as comprising one big 'pot' of assets, focusing on the sum of all the assets rather than on each individual asset itself.

Estate Planning

Estate Planning Taxes Assets Planning

The HSA ‘Deathbed Drawdown’: Making Tax-Efficient Distributions Of Large Balances (When There Isn’t Much Time)

Nerd's Eye View

FEBRUARY 15, 2023

It’s also important for other parties involved in the owner’s estate plan to be aware of their roles, and to ensure that any funds withdrawn from the HSA are still distributed according to the HSA owner’s wishes.

Distribution

Distribution Taxes Medical Accounting

Webinars

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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“Legacy IRA” Rollover To A Charitable Gift Annuity: Using This New Tax-Advantaged Opportunity To Help Clients Achieve Charitable And Retirement Goals

Nerd's Eye View

AUGUST 23, 2023

Act, passed in December 2022, created the ability for individuals over age 70 1/2 to make a one-time Qualified Charitable Distribution (QCD) of up to $50,000 of IRA funds into a CGA, with the amount distributed to the CGA being excludable from the donor's taxable income. But the SECURE 2.0 legislation at the end of 2022. Read More.

Taxes

Taxes Retirement Clients Estate Planning

529-To-Roth IRA Rollovers: Taking Advantage Of The New Option To Move Education Savings To Retirement Savings

Nerd's Eye View

JUNE 26, 2024

And so the conundrum of people with "too much" savings in their 529 plan – either because they overestimated how much they needed to save, or because they chose a different path entirely that didn't involve going to college – has been how to get funds out of the plan without sacrificing a large part of their value to taxes and penalties.

Education

Education Retirement Taxes Distribution

Using A Testamentary Charitable Remainder Unitrust (T-CRUT) To Give Twice To Both Loved Ones And Charitable Organizations

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 allows the account to grow on a tax-deferred basis, with income to beneficiaries being taxed when distributions are made.

Financial Advisor

Financial Advisor Estate Planning Nonprofit Financial Planner

Estate Planning 101

Integrity Financial Planning

AUGUST 28, 2022

Understand the basics first, and then create an estate plan. Wills and trusts are both important estate planning tools with important differences. A will ensures property is distributed after your passing, according to your wishes, while a trust goes into effect as soon as you create it. A Will vs. a Trust.

Estate Planning

Estate Planning Planning Communication Retirement

Updating Your Physician Estate Plan

Your Richest Life

AUGUST 11, 2023

Your estate plan is the comprehensive guide to your wealth and property when you pass away or become incapacitated physically or mentally. it’s important that you update your estate plan to reflect those changes. As a physician, there are a few other areas to pay attention to when you’re working on your estate plan.

Estate Planning

Estate Planning Planning Accounting Distribution

6 Items to Put on Your Estate Plan Checklist

Integrity Financial Planning

MAY 23, 2023

An estate plan is a legal document that outlines a person’s wishes for the distribution of their assets and property after their death. It is essential to create an estate plan to ensure that your family and loved ones are taken care of in the event of your passing. Contact us today to get started!

Estate Planning

Estate Planning Planning Healthcare Medical

The 5 Pillars of Retirement Planning You Should Be Aware of

WiserAdvisor

MARCH 13, 2024

Achieving financial freedom in retirement requires meticulous planning, dedicated effort, and strategic management. Without a solid plan, you risk drifting without direction. Within this framework, the concept of the five pillars of retirement planning emerges as a valuable strategy.

Retirement Planning

Retirement Planning Retirement Planning Estate Planning

When Should You Have an Estate Plan?

Carson Wealth

NOVEMBER 28, 2022

Estate planning touches two critical aspects of our lives: It can direct the distribution of property while providing a structure of guardianship and care for ourselves as well as those we love and care for. But many people feel like estate planning happens when you’re older, and that’s a misconception.

Estate Planning

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How to Make Charitable Giving Part of Your Financial Plan

Carson Wealth

DECEMBER 20, 2024

You can move these large stock holdings to a DAF, get the tax break, and then use the money to make donations every year through your retirement. Donate Your Required Minimum Distributions If youre 73 or older, required minimum distributions (RMDs) are kicking in. government.

Financial Planning

Financial Planning Planning Estate Planning Taxes

Creating and Maintaining Generational Wealth in Retirement

Integrity Financial Planning

JUNE 27, 2023

However, it is a common goal for retirees to create and maintain generational wealth in retirement. Prior to your retirement years, diversifying your investment portfolio can be a good way to grow your wealth. This can include investing in stocks, bonds, real estate, and other assets. [3]

Retirement

Retirement Healthcare Financial Planning Estate Planning

Do You Still Need A Financial Advisor After You Retire?

WiserAdvisor

AUGUST 31, 2023

Financial advisors play a crucial role in assisting you before your retire. They can also help you optimize your savings and investment plans, ensuring that you maximize your earning potential while minimizing risks. Here are 5 benefits of hiring a financial advisor after you retire: 1.

Financial Advisor

Financial Advisor Retirement Risk Tolerance Estate Planning

Understanding the Four Phases of Your Retirement Budget Strategy

Integrity Financial Planning

NOVEMBER 20, 2023

One way of thinking about retirement is that it happens in phases. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look like. When you are 20 years old, it can be hard to picture what retirement might look like for you.

Retirement

Retirement Budgeting Medical Distribution

What Happens to Inherited Retirement Accounts?

Integrity Financial Planning

MAY 8, 2023

You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? 2] You can recieve the inherited IRA in your name and take distributions over the next 10 years.

Accounting

Accounting Retirement Distribution Retirement Planning

Who Needs Estate Planning?

Carson Wealth

NOVEMBER 5, 2022

Estate Planning isn’t fun to think about. But estate planning is so much more than terminal actions – it helps set a stage for a rich life while protecting against unnecessary taxes and family feuds. . Who needs estate planning? Anyone with dependents, retirement accounts, life insurance or real property.

Estate Planning

Estate Planning Planning Retirement Planning Financial Planner

IRS Wants to Change the Inherited IRA Distribution Rules

Darrow Wealth Management

AUGUST 8, 2022

The passing of the 2019 Secure Act changed the rules about when non-spouse beneficiaries must begin taking money from inherited retirement accounts. ” This meant annual required minimum distributions (RMDs) were out. Another key aspect that the 2019 Secure Act changed was the required minimum distribution age.

Distribution

Distribution Taxes Retirement Accounting

What to Do When a Parent Dies and You’re the Executor

Darrow Wealth Management

MAY 6, 2024

If your parent had a trust, the individual(s) named in the trust documents as successor trustee will control the distribution of the trust assets. Checklist for executors of their parent’s estate Get organized Where are the original estate planning documents located? Who is the attorney who drafted the estate plan?

Estate Planning

Estate Planning Distribution Valuation Taxes

10 Expenses to Include in Your Retirement Budget

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.

Budgeting

Budgeting Retirement Healthcare Food

Estate Planning: 2024 Trends for Tax Professionals to Watch

Harness Wealth

JULY 29, 2024

covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. Now that the mid-point of 2024 has passed, we are faced with an environment where little has changed with respect to the wait-and-see posture of estate and wealth transfer planning. citizens and residents.

Estate Planning

Estate Planning Taxes Planning Tax Planning

How to Create an Estate Plan

Carson Wealth

FEBRUARY 8, 2023

On a basic level, if you have an estate plan, you control who will receive your property upon your death. An estate plan can also protect you in the event of an unforeseen life-altering medical emergency. Most Americans need an estate plan of some kind, and most Americans don’t have one.

Estate Planning

Estate Planning Planning Financial Advisor Wealth Advisor

Estate Planning in this Economic Climate

Park Place Financial

NOVEMBER 29, 2022

Estates Estate Planning in this Economic Climate Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. If you are in the middle of estate planning , consider the following strategies to develop a sound plan amidst widespread economic challenges. . Create a Trust . Charitable Remainder Unitrust .

Estate Planning

Estate Planning Economics Planning Financial Planner

Family Estate Planning: The 6 Essentials

Park Place Financial

SEPTEMBER 8, 2022

ESTATES Family Estate Planning: The 6 Essentials Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. According to one survey, 67% of Americans have no estate plan, which may reflect an aversion to thinking about dying or getting gravely ill. Navigate Family Estate Planning with Park Place Financial .

Estate Planning

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The 5 Most Common Estate Planning Myths

Park Place Financial

SEPTEMBER 8, 2022

ESTATES The 5 Most Common Estate Planning Myths Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Estate planning is a crucial component of financial preparation for many individuals, as it enables their wealth to have a lasting and meaningful impact on their loved ones.

Estate Planning

Estate Planning Planning Certified Financial Planner Taxes

Should I Put My Assets in a Trust? Top 3 Benefits of Living Trusts

Darrow Wealth Management

OCTOBER 1, 2024

Choosing whether to fund a trust with your assets is an important decision in the estate planning process. A will and a trust are two different estate planning tools. Probate is a legal process where certain assets that were owned in the individual’s name are distributed by the probate court.

Assets

Assets Estate Planning Distribution Fiduciary Duty

Planning Details for NUA: A Tax-Saving Strategy

Fortune Financial

JULY 28, 2022

Anyone who owns company stock will eventually have to decide how to distribute their assets — typically when there is a job change or retirement involved. To recap, NUA is the difference in value between the price initially paid for a stock (the cost basis) and its current market value at the time it is distributed.

Taxes

Taxes Planning Retirement Planning Distribution

6 Things You Should Know to Create a Robust Estate Plan

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

Estate Planning Planning Distribution Accounting

Net Unrealized Appreciation (NUA):Maximizing Retirement Savings

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.

Retirement

Retirement Retirement Planning Distribution Taxes

Estate Planning Strategy: Leveraging CFP® Certification Expertise

International College of Financial Planning

OCTOBER 26, 2023

The Imperative of Estate Planning: Not Just for the Affluent Often, there’s a prevailing misconception that estate planning is a luxury reserved for the wealthy elite. Real estate planning is a crucial undertaking that every adult and family should prioritize.

Estate Planning

Estate Planning CFP Certification Certified Financial Planner

2 Key Benefits of Living Trusts

Darrow Wealth Management

JANUARY 29, 2024

Common types of assets that will pass via beneficiary designation include retirement accounts, life insurance, and some pensions and annuities. This article is a high-level overview of the various estate planning techniques and considerations when using revocable living trusts from the perspective of a wealth advisor (e.g.

Estate Planning

Estate Planning Distribution Taxes Wealth Management

10 Common Retirement Blind Spots You’ll Want to Avoid for a Secure Future

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.

Retirement

Retirement Retirement Planning Healthcare Estate Planning

Demystifying Deathbed Taxes: Essential Strategies for Effective Estate Planning

Ballast Advisors

SEPTEMBER 5, 2024

Navigating the complexities of estate planning can often feel like charting through uncharted waters, especially when it comes to handling assets, taxes, and ensuring one’s legacy is preserved according to their wishes. Techniques such as swapping assets with a higher basis out of the estate can help achieve this objective effectively.

Estate Planning

Estate Planning Taxes Planning Tax Planning

What Is a Family Trust and Should You Set One Up?

Good Financial Cents

MARCH 30, 2023

Types of Family Trusts To make estate planning a bit more confusing , there are different types of revocable trusts. Limitation of exposure to estate taxes , as part of a proper estate planning process. Additionally, there may be estate tax implications when assets are transferred into or out of the trust.

Estate Planning

Estate Planning Taxes Assets Distribution

Sound Strategies for Crafting Your Retirement Investment Portfolio

Fortune Financial

SEPTEMBER 29, 2022

In our planning with clients, we like to employ a “pay yourself first” approach, especially as it relates to retirement planning. This cycle can repeat itself over multiple years, resulting in minimal or no retirement savings. Planning for retirement is a multi-step process with continuous updates and monitoring.

Retirement

Retirement Portfolio Retirement Planning Investing

Understanding the Four Phases of Your Retirement Budget Strategy

Integrity Financial Planning

NOVEMBER 20, 2023

One way of thinking about retirement is that it happens in phases. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look like. When you are 20 years old, it can be hard to picture what retirement might look like for you.

Retirement

Retirement Budgeting Medical Distribution

Life Insurance Strategies for Business Owners

Carson Wealth

JULY 25, 2024

The policy could also give access to the cash as it grows or at a specific time, such as at retirement. Unlike other traditional qualified plans an employer might offer, using an executive bonus plan gives the owner control of who they want to provide this benefit to and how much they want to give.

Insurance

Insurance Planning Estate Planning Retirement

Estate Planning Strategies For High-Net-Worth Individuals

WiserAdvisor

JUNE 6, 2023

However, given the high value of wealth, it becomes all the more critical for high-net-worth individuals to plan their finances optimally. Estate planning is one of the key components of financial planning these individuals need to focus on. and estate planning can help you discover these.

Estate Planning

Estate Planning Planning Taxes Insurance

What to do After the Death of a Spouse

Darrow Wealth Management

APRIL 25, 2023

In addition to making funeral arrangements and notifying family and friends, another priority is alerting your estate planning attorney and financial advisor. Asset Titling, Beneficiary Elections, and Probate The estate planning attorney is going to be critical here. But not everything needs to get done today.

Estate Planning

Estate Planning Accounting Taxes Retirement

What to Do When a Parent Dies and You’re the Executor

Darrow Wealth Management

MAY 6, 2024

If your parent had a trust, the individual(s) named in the trust documents as successor trustee will control the distribution of the trust assets. Checklist for executors of their parent’s estate Get organized Where are the original estate planning documents located? Who is the attorney who drafted the estate plan?

Estate Planning

Estate Planning Distribution Valuation Taxes

Secure Your Financial Legacy

Yardley Wealth Management

JUNE 6, 2023

Secure Your Financial Legacy When planning for your legacy, it’s important to consider various financial aspects. Here are some additional details and keywords to help guide you: Estate planning involves creating a plan for the management and distribution of assets after death.

Certified Financial Planner

Certified Financial Planner Estate Planning Retirement Planning Financial Advisor

Give your Way-Exploring the many paths to Charitable Giving

MainStreet Financial Planning

MAY 10, 2023

Donor Advised Fund (DAF): DAFs are charitable giving accounts that allow individuals, families, or organizations to make contributions to a fund, and receive an immediate tax deduction for the contribution while distributing grants out to charities over time. Here is an additional Mainstreet article that dives a little deeper into this topic.

Nonprofit

Nonprofit Distribution Estate Planning Taxes

Unlocking the Power of Net Unrealized Appreciation (NUA)

Fortune Financial

JUNE 2, 2023

Unlocking the Power of Net Unrealized Appreciation (NUA) Many workers receive company stock as part of their compensation package or can take advantage of a company 401(k) plan, choosing from a menu of mutual funds, exchange-traded funds and company stock for their investments. What is Net Unrealized Appreciation?

Retirement Planning

Retirement Planning Distribution Retirement Taxes

Year-End Financial Checklist

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

As we look forward to 2023, the IRS recently announced that the contribution limits for employer-sponsored retirement plans are going up. You may want to review your contribution amounts and adjust for January payrolls if your goal is to maximize funding your retirement plan contributions. . TAX AND ESTATE PLANNING.

Insurance Coverage

Insurance Coverage Retirement Planning Financial Advisor Taxes

How Advisors Can Work With Attorneys To Drive Better Estate Planning Outcomes For Clients

Making Estate Planning More Tax Efficient And Equitable For Beneficiaries By NOT Just Splitting The Assets Evenly

Webinars

Trending Sources

The HSA ‘Deathbed Drawdown’: Making Tax-Efficient Distributions Of Large Balances (When There Isn’t Much Time)

Webinars

“Legacy IRA” Rollover To A Charitable Gift Annuity: Using This New Tax-Advantaged Opportunity To Help Clients Achieve Charitable And Retirement Goals

529-To-Roth IRA Rollovers: Taking Advantage Of The New Option To Move Education Savings To Retirement Savings

Using A Testamentary Charitable Remainder Unitrust (T-CRUT) To Give Twice To Both Loved Ones And Charitable Organizations

Estate Planning 101

Updating Your Physician Estate Plan

6 Items to Put on Your Estate Plan Checklist

The 5 Pillars of Retirement Planning You Should Be Aware of

When Should You Have an Estate Plan?

How to Make Charitable Giving Part of Your Financial Plan

Creating and Maintaining Generational Wealth in Retirement

Do You Still Need A Financial Advisor After You Retire?

Understanding the Four Phases of Your Retirement Budget Strategy

What Happens to Inherited Retirement Accounts?

Who Needs Estate Planning?

IRS Wants to Change the Inherited IRA Distribution Rules

What to Do When a Parent Dies and You’re the Executor

10 Expenses to Include in Your Retirement Budget

Estate Planning: 2024 Trends for Tax Professionals to Watch

How to Create an Estate Plan

Estate Planning in this Economic Climate

Family Estate Planning: The 6 Essentials

The 5 Most Common Estate Planning Myths

Should I Put My Assets in a Trust? Top 3 Benefits of Living Trusts

Planning Details for NUA: A Tax-Saving Strategy

6 Things You Should Know to Create a Robust Estate Plan

Net Unrealized Appreciation (NUA):Maximizing Retirement Savings

Estate Planning Strategy: Leveraging CFP® Certification Expertise

2 Key Benefits of Living Trusts

10 Common Retirement Blind Spots You’ll Want to Avoid for a Secure Future

Demystifying Deathbed Taxes: Essential Strategies for Effective Estate Planning

What Is a Family Trust and Should You Set One Up?

Sound Strategies for Crafting Your Retirement Investment Portfolio

Understanding the Four Phases of Your Retirement Budget Strategy

Life Insurance Strategies for Business Owners

Estate Planning Strategies For High-Net-Worth Individuals

What to do After the Death of a Spouse

What to Do When a Parent Dies and You’re the Executor

Secure Your Financial Legacy

Give your Way-Exploring the many paths to Charitable Giving

Unlocking the Power of Net Unrealized Appreciation (NUA)

Year-End Financial Checklist

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