Carson Wealth

MAY 23, 2024

One of the most important decisions you’ll make when designing your estate plan is who to name in the various fiduciary roles: trustee, personal representative, executor and agent. While a critical decision, it’s often given significantly less thought than the distribution of your assets.

Estate Planning 114

Estate Planning Planning Distribution Valuation 114

Integrity Financial Planning

OCTOBER 23, 2023

Estate planning can be difficult to think about, let alone plan for. Maybe you’ve avoided putting together a concrete plan because you don’t want to think too far into the future when it’s time to pass on what you have. Or maybe you don’t think an estate plan is necessary because you’re not rich enough to warrant one.

Estate Planning 93

Estate Planning Planning Distribution Financial Planning 93

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 98

Estate Planning Planning Communication Retirement 98

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 189

Education Retirement Taxes Distribution 189

Harness Wealth

NOVEMBER 12, 2024

As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. Find your next tax advisor at Harness today. Starting at $2,500.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

eMoney Advisor

MARCH 7, 2023

Fortunately, financial professionals have tools and wealth transfer strategies that can help couples be intentional about the use of their assets in an estate plan. Why Focus on Estate Planning for Blended Families A thoughtful plan and good communication can go a long way in heading off conflict in large families.

Estate Planning 83

Estate Planning Planning Financial Planner Clients 83

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. For some, this may lead to more taxes paid on capital gains.

Taxes 101

Taxes Tax Planning Planning Estate Planning 101

Darrow Wealth Management

MARCH 13, 2025

When considering the distribution of excess lifetime returns of individual stocks vs the Russell 3000, the median stock underperformance was almost -10%.(J.P. Charitable Contributions: Donating appreciated stock to charity while reducing capital gains tax. Gifting: Transferring stock to family members or trusts.

Management 66

Management Taxes Estate Planning Asset Allocation 66

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 .

Estate Planning 52

Estate Planning Economics Planning Financial Planner 52

Advisor Perspectives

JUNE 1, 2023

Provisions of the SECURE Act may require advisors to revisit estate plans for clients who aren't utilizing their RMDs or who have qualified assets intended for the next generation. Some clients may benefit from strategies for using life insurance to maximize the value of qualified assets while minimizing their tax burden.

Estate Planning 52

Estate Planning Clients Planning Distribution 52

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

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 52

Estate Planning CFP Certification Certified Financial Planner 52

WiserAdvisor

AUGUST 31, 2023

A financial advisor can help with maximizing your retirement income through tax planning After retirement, your income sources may become limited to pensions, Social Security benefits, and investment income. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

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.” These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions.

Taxes 52

Taxes Clients Planning Estate Planning 52

MainStreet Financial Planning

MAY 10, 2023

Here is a great way to value those items if you are eligible to take a tax deduction. Property donations will need acknowledgment of receipt from the charity and items totaling over $500 will need a special form (IRS Form 8283) when filing your taxes. Items totaling over $5,000 will need an appraisal.

Nonprofit 98

Nonprofit Distribution Estate Planning Taxes 98

Advisor Perspectives

OCTOBER 1, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan. My guests today are two members of the MassMutual team.

Taxes 52

Taxes Estate Planning Distribution Sales 52

Advisor Perspectives

SEPTEMBER 27, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan. My guests today are two members of the MassMutual team.

Taxes 52

Taxes Estate Planning Distribution Sales 52

Integrity Financial Planning

JUNE 27, 2023

4] Leaving a Legacy for Future Generations To ensure the preservation of generational wealth, retirees must plan for the distribution of their assets after their passing. It can be a good idea to work with an estate planning professional to develop a solid plan that includes wills, trusts, and other legalities.

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

Integrity Financial Planning

FEBRUARY 10, 2023

Forces such as inflation and taxes can have a massive impact on long-term wealth, and it can be very important to educate other generations in your family about these issues. [5] 6] Trusts are useful because they can provide tax advantages and financial protections for your money. [7]

Estate Planning 95

Estate Planning Communication Financial Planning Education 95

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

Bear in mind that IRA accounts do have income restrictions so it is important to work with your financial advisor or tax preparer to determine if you are eligible to contribute in 2022. Assuming you are eligible, these accounts can be quite tax advantageous for your overall financial situation. 529 College Savings Plans.

Insurance Coverage 98

Insurance Coverage Retirement Planning Financial Advisor Taxes 98

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. For some, this may lead to more taxes paid on capital gains.

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

Darrow Wealth Management

FEBRUARY 19, 2024

When considering the distribution of excess lifetime returns of individual stocks vs the Russell 3000, the median underperformance was almost -10%.³ A deep discussion of these strategies is outside the scope of this overview, and because every situation is so different, be sure to discuss your situation with your tax and financial advisor.

Management 106

Management Taxes Portfolio Estate Planning 106

Harness Wealth

APRIL 26, 2022

No-one loves paying taxes. Did you know you can buy crypto through an IRA and receive the same tax benefits? Just like with other assets, if you buy crypto through an IRA, the tax will be paid at your income tax rate at retirement. You can see the crypto advisor tax webinar replay here. Manage your timing.

Taxes 52

Taxes Assets Nonprofit Financial Advisor 52

Harness Wealth

MARCH 11, 2024

As a company founder, early startup employee, or small business owner, you may find yourself in a higher tax bracket as your business grows or you realize gains from equity compensation. But that doesn’t mean you simply have to accept a higher tax bill. Here are 20 tax-efficient actions to consider when filing your taxes in 2024.

Startup 59

Startup Taxes Medical Retirement 59

Darrow Wealth Management

JUNE 14, 2023

Depending on the nature of the windfall, planning opportunities and considerations will vary. For example, the tax laws and distribution terms for an inheritance is quite different to the tax and liquidity considerations during an IPO. In their situation, it meant they could sell all their shares tax free.

Management 96

Management Wealth Management Wealth Advisor Taxes 96

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. Let’s take a look at four key tax benefits of NUA.

Retirement Planning 52

Retirement Planning Distribution Retirement Taxes 52

WiserAdvisor

FEBRUARY 21, 2023

Help the elderly with estate planning Estate planning is an integral component of financial advice for seniors. can take advantage of a situation and misuse the client’s estate. However, proper estate planning can help in these situations. Children, grandchildren, spouses, ex-spouses, etc.,

Financial Advisor 104

Financial Advisor Clients Estate Planning Education 104

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.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

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.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

Harness Wealth

MARCH 5, 2024

Tax advisors, and other tax professionals , offer services from preparing and filing annual tax returns to comprehensive tax strategies that help minimize taxes and preserve wealth over time. In this guide, we’ll explore the average fees of tax advisors in the US for 2024.

Taxes 52

Taxes Tax Planning Education Ethics 52

Gen Y Planning

NOVEMBER 5, 2021

Contributions to your 401(k) are pre-tax, meaning that for every dollar you contribute, you actively lower your taxable income. If you’re covered by a workplace retirement plan, you likely won’t be eligible to make deductible (pre-tax) contributions to your traditional IRA, but investing in it still provides valuable benefits in retirement.

Taxes 75

Taxes Estate Planning Planning Budgeting 75

Clever Girl Finance

JANUARY 22, 2024

10 steps to manage a financial windfall Expert tip: Keep living your life normally Factoring in taxes How do you deal with sudden financial windfall? Tax refunds that are more than you expected. Update or create your estate plan If you don’t already have an estate plan , now would be a great time to create one.

Management 98

Management Certified Financial Planner Financial Planner Consulting 98

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 102

Budgeting Retirement Healthcare Food 102

Brown Advisory

SEPTEMBER 11, 2016

By Adi Padva, Equity Research Analyst ⚑ Equities Private Credit Outshines Many High-Valuation Stocks, Bonds Private credit occupies a sweet spot on the investment landscape, offering earlier distributions than private equity and higher yields than most publicly traded securities. Such is the case today amid consideration of changes to U.S.

Investing 52

Investing Investments Asset Allocation Marketing 52

Brown Advisory

SEPTEMBER 11, 2016

Private credit occupies a sweet spot on the investment landscape, offering earlier distributions than private equity and higher yields than most publicly traded securities. Alternative Investments Proposed Tax Law Changes Prompt Estate Planning Review. Such is the case today amid consideration of changes to U.S.

Investing 52

Investing Investments Asset Allocation Marketing 52

eMoney Advisor

FEBRUARY 9, 2023

Financial Planning Needs: Retirement planning Education and family planning Obtaining appropriate insurance coverage Business and tax planning Significant asset purchases Strategies for Serving Clients in This Stage: Clients at this stage are experiencing life events — both large and small — that will impact their financial planning needs.

Financial Planning 95

Financial Planning Clients Planning Education 95

WiserAdvisor

APRIL 12, 2023

When planning for retirement, one of the most important decisions you will likely make is which type of retirement account to use. The Roth Individual Retirement Account (IRA) and the pre-tax retirement account are two common options. A Roth IRA is a tax-advantaged retirement savings account funded with your after-tax dollars.

Accounting 40

Accounting Retirement Taxes Financial Advisor 40