Nerd's Eye View

NOVEMBER 4, 2022

We also have a number of articles on taxes and end-of-year planning: The importance for advisors of understanding current RMD rules to ensure their clients take the proper distributions (and avoid a 50% penalty in the process!).

Financial Planner 240

Financial Planner Financial Advisor Retirement Planning Medical 240

Nerd's Eye View

DECEMBER 15, 2023

Also in industry news this week: Most businesses that operate in the U.S.,

Financial Planner 246

Financial Planner Retirement Taxes Insurance 246

Nerd's Eye View

JULY 12, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that at a time when employee retention has heightened importance for advisory firms given the ongoing competition for advisor talent, recent studies indicate that factors such as firm culture and leadership, as well as providing advisors (..)

Financial Planner 189

Financial Planner Clients Tax Planning Accounting 189

The Chicago Financial Planner

AUGUST 24, 2021

Please contact me with any thoughts or suggestions about anything you’ve read here at The Chicago Financial Planner. Related Posts: Choosing A Financial Advisor? - Don’t miss any future posts, please subscribe via email. Photo credit: Wikipedia.

Financial Advisor 191

Financial Advisor Financial Planner Accounting Retirement 191

The Chicago Financial Planner

OCTOBER 21, 2021

HSAs are not subject to required minimum distributions , allowing the HSA to continue to grow tax-free. Check out my freelance financial writing services including my ghostwriting services for financial advisors. If a spouse is named as the beneficiary of the account, he or she can inherit the money tax-free.

Retirement Planning 193

Retirement Planning Accounting Retirement Planning 193

The Chicago Financial Planner

OCTOBER 20, 2021

Check out my freelance financial writing services including my ghostwriting services for financial advisors. Please contact me with any thoughts or suggestions about anything you’ve read here at The Chicago Financial Planner. Don’t miss any future posts, please subscribe via email.

Retirement 192

Retirement Financial Planner Taxes Distribution 192

eMoney Advisor

MARCH 7, 2023

wealth transfer by 2045, the stakes are high for financial planners who want to build multigenerational practices. Many financial planners make a check of beneficiary designations and titling a regular part of their service calendar for this very reason. Thankfully, you don’t have to do it all alone.

Estate Planning 83

Estate Planning Planning Financial Planner Clients 83

International College of Financial Planning

OCTOBER 26, 2023

Their primary objective is to ensure that the assets are managed & distributed according to the wishes of the client. The Financial Planner will ensure that the Estate Planning strategy is curated in terms of client requirements, estate complexity and requirements of the legal heirs /other parties.

Estate Planning 52

Estate Planning CFP Certification Certified Financial Planner 52

Carson Wealth

NOVEMBER 3, 2022

Use a qualified charitable distribution (QCD) from your individual retirement account (IRA). If you are age 70 ½ or older, you can transfer money from your IRA to a charity as a qualified charitable distribution (QCD), which makes it tax-free up to $100,000 ($200,000 if you file jointly).

Taxes 98

Taxes Distribution Accounting Nonprofit 98

Park Place Financial

NOVEMBER 29, 2022

Trusts involve moving financial resources to a third party called the trustee. Trustees manage the funds wisely and ensure they are distributed to the beneficiaries, according to the grantor’s wishes. With a CRUT, you create a trust that provides annual distributions to you or certain beneficiaries for a set period.

Estate Planning 52

Estate Planning Economics Planning Financial Planner 52

Nerd's Eye View

FEBRUARY 14, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news of a recent survey indicating that while overall client satisfaction with their financial advisors remains high at 95%, potential threats to client retention lurk beneath the surface, particularly amongst clients who experience (..)

Financial Planner 208

Financial Planner Financial Advice Estate Planning Clients 208

Good Financial Cents

MARCH 29, 2023

Roth IRAs don’t come with Required Minimum Distributions (RMDs) at age 72 like a traditional IRA either, so you can continue letting your money grow until you’re ready to access it. When you do decide to take distributions from a Roth IRA, you won’t have to pay income taxes on that money. Not sure about your future tax brackets?

Taxes 98

Taxes Retirement Distribution Accounting 98

Park Place Financial

MARCH 10, 2022

Distributing tax-smart assets into the different tax categories (taxable, tax-deferred, and tax-free) to limit liability . Park Place Financial offers customized investment planning services to help each client achieve their financial goals while minimizing risk. What is a Financial Planner That Acts In a Fiduciary Capacity?

Portfolio 52

Portfolio Certified Financial Planner Financial Planner Healthcare 52

Ballast Advisors

NOVEMBER 20, 2023

No RMDs: Roth IRAs don’t hassle you with required minimum distributions, letting your money grow peacefully for longer. Even certain distributions from employer retirement plans like 401(k)s or 403(b)s can be transferred or rolled over into a Roth IRA, provided you’re eligible for these distributions.

Planning 52

Planning Financial Planner Taxes Retirement Planning 52

Walkner Condon Financial Advisors

APRIL 27, 2023

Roth contributions are taxed in the year of the contribution with the promise of tax-free withdrawals (assuming the withdrawal is considered a qualified distribution ). Generally speaking, the funds distributed will be taxed and penalized. which should be discussed with your tax advisor and financial advisor.

Retirement Planning 52

Retirement Planning Distribution Certified Financial Planner Retirement 52

Park Place Financial

JANUARY 9, 2023

If you have an IRA, you will be able to take a distribution without the 10% penalty past age 59 ½. The conversion amount is considered ordinary income, meaning it incurs tax, but all future profits and distributions don’t get taxed — provided they fall within established limitations. . How to Choose a Personal Financial Advisor.

Financial Planning 52

Financial Planning Taxes Planning Certified Financial Planner 52

WiserAdvisor

OCTOBER 9, 2023

While you may withdraw funds without early penalties, certain types of withdrawals, commonly referred to as distributions, are often mandatory and could be subject to taxation. Traditional IRAs generally require distributions that are taxed as ordinary income, while Roth IRAs offer tax-free distributions provided certain conditions are met.

Distribution 52

Distribution Taxes Retirement Accounting 52

Walkner Condon Financial Advisors

APRIL 13, 2022

Roth contributions are taxed in the year of the contribution with the promise of tax-free withdrawals (assuming the withdrawal is considered a qualified distribution ). Generally speaking, the funds distributed will be taxed and penalized. Again, taking a cash distribution before retiring generally isn’t recommended.

Retirement Planning 52

Retirement Planning Certified Financial Planner Distribution Retirement 52

International College of Financial Planning

AUGUST 31, 2023

Just as a diverse garden thrives, a well-allocated portfolio grows robustly, securing your financial future. By distributing your investments across different assets, you can take advantage of the divergent impact of prevalent market conditions on these assets.

Portfolio 52

Portfolio Certified Financial Planner Investing Investments 52

MainStreet Financial Planning

NOVEMBER 1, 2022

Roth IRAs certainly have advantages, such as no required minimum distributions, and beneficiaries will receive the Roth IRA tax-free. Mr. Pon is a Certified Public Accountant, Personal Financial Specialist, Certified Financial Planner, Enrolled Agent, United States Tax Court Practitioner, and Accredited Estate Planner in Redwood Shores, CA.

Taxes 52

Taxes Certified Financial Planner Retirement Planning Financial Planner 52

Clever Girl Finance

JANUARY 22, 2024

Consult with professionals for your windfall finance planning During the waiting period, consult with a certified financial planner , a financial advisor, and/or a CPA to determine what to do concerning taxes. Also, determine how your money and other assets will be distributed in the case of an unfortunate event.

Management 98

Management Certified Financial Planner Financial Planner Consulting 98

Good Financial Cents

JULY 17, 2023

Certified Financial Planner Mark Davis suggests, “For those with an entrepreneurial spirit, starting a business or investing in profitable ventures can be a great way to generate substantial income. Companies distribute a portion of their profits to shareholders as dividends, providing you with a passive income stream.

Certified Financial Planner 69

Certified Financial Planner Wealth Accumulation Financial Planner Certification 69

Carson Wealth

JANUARY 17, 2023

Qualified employer retirement plans allow tax-deferred growth, which means accounts are not subject to taxes on dividends or capital gains until proceeds are distributed at a later date. Meeting with a qualified financial planner is critical in your 40s. Focusing on your health at forty can help you thrive later in life.  .

Retirement Planning 52

Retirement Planning Financial Planner Retirement Certified Financial Planner 52

Inside Information

FEBRUARY 27, 2023

Some of us remember that the consumer revolution, which phased out salespeople and put the consumer in charge of selecting purchases based on price and quality, was very slow to enter the financial services world. So how does financial planning fit into this?

Financial Planner 40

Financial Planner Fee Only Financial Planning Insurance 40

Carson Wealth

DECEMBER 1, 2022

Qualified employer retirement plans allow tax-deferred growth, which means accounts are not subject to taxes on dividends or capital gains until proceeds are distributed at a later date. Work With a Financial Advisor . Setting a strong financial foundation in your 20s paves the way to success through your professional life.

Retirement Planning 72

Retirement Planning Risk Tolerance Retirement Budgeting 72

Sara Grillo

JULY 8, 2022

Others that require a more detailed response will either get forwarded to a teammate (financial planner or portfolio manager) who can research the answer, or scheduled to my calendar later in the day when I can focus on a response or call the client directly. Most emails only require a quick reply, which I’ll take care of right away.

Financial Advisor 59

Financial Advisor Financial Planner Clients Financial Planning 59

Park Place Financial

NOVEMBER 29, 2022

Furthermore, these assets do not come with required minimum distributions — unless you need the funds at 72, they will remain tax-free. 5) Work with a Certified Financial Planner . A key component of the best retirement plans for older adults includes consulting with a knowledgeable financial advisor.

Retirement Planning 52

Retirement Planning Retirement Certified Financial Planner Planning 52

Harness Wealth

JUNE 9, 2023

Table of Contents What is a Financial Plan? Why is Financial Planning so Important? Crafting Your Personalized Financial Plan: A Step-by-Step Guide The Role of a Wealth Manager or Financial Planner Harness Wealth Can Help What is a Financial Plan? However, distributions during retirement are taxed.

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

Gen Y Planning

MAY 1, 2022

However, those contributions grow tax-free and qualified distributions remain tax-free. Plus, Roth IRAs are the only account that doesn’t have required minimum distributions (RMDs). Deciding the best course of action can be tricky, so working with a financial planner may be an excellent next step.

Retirement 52

Retirement Taxes Accounting Planning 52

Bell Investment Advisors

NOVEMBER 27, 2023

There are many ways to fulfill this distribution requirement, some of which will suit you better than others. Other tax-advantaged accounts like 401(k)s, 529s, and Health Savings Accounts have their own unique distribution requirements and tax consequences. Like any financial review, you will want to begin with updating your goals.

Accounting 52

Accounting Distribution Investment Advisor Taxes 52

Indigo Marketing Agency

SEPTEMBER 15, 2023

Elevate Your Online Visibility Is your firm visible when potential clients search for “financial advisor” or “financial planner” on Google? Personalized 12-Month Content Calendar: Plan for marketing success. Ongoing Monthly Benefits Our commitment to your success doesn’t stop with the Total Marketing Package.

Marketing 52

Marketing Marketing Financial Advisor Media 52

Validea

AUGUST 21, 2023

02:39 – The key rules that govern required minimum distributions for inherited IRAs. Not only are there a series of different rules that govern how money must be withdrawn from them in each unique situation, but those rules also changed substantially with the recent passage of the Secure Act.

Government 52

Government Distribution Financial Planning Planning 52

Workable Wealth

SEPTEMBER 16, 2020

Remember, each strategy has its pros and cons so the best way to maximize them is working with a financial planner who’ll help your portfolio reflect the right risk with your financial goals. This is where working with a financial planner helps. Let’s jump in. Diversification. One prime example is a 401(k).

Investing 52

Investing Investments Asset Allocation Risk Tolerance 52

Good Financial Cents

JULY 26, 2022

This especially becomes true in the distribution phase of your retirement when you are relying on your portfolio to provide income. In addition, REITs are required by law to distribute at least 90% of their taxable income to shareholders in the form of dividends, making them an attractive choice for income-seeking investors.

Investing 69

Investing Investments Certified Financial Planner Financial Planner 69

WiserAdvisor

JULY 1, 2022

Be it insuring your business, raising debt, lining up investors to invest their money, or managing equity, financial planning in business is as essential as personal financial planning. A well-tailored financial plan here becomes paramount. . Financial planning tips for entrepreneurs.

Financial Planning 52

Financial Planning Planning Financial Planner Retirement 52

Good Financial Cents

MARCH 28, 2023

As a financial planner, I get a lot of concerned questions from my clients regarding their investments. These insurance plans only pay out when the distributions from a brokerage firm’s liquation are not high enough to pay for a client’s claim. Claims for Excess of SIPC insurance claims are EXTREMELY rare.

Investing 83

Investing Investments Insurance Accounting 83

Zoe Financial

APRIL 17, 2023

Which is best for you, traditional pre-tax or Roth after-tax saving, is a question most easily answered with the help of a financial planner who can evaluate your lifetime tax rates. Gifting and Giving Beyond retirement saving strategies, gifting and giving also open doors to reduce your tax burden. In addition, Secure Act 2.0,

Taxes 40

Taxes Retirement Accounting Tax Planning 40