Nerd's Eye View

OCTOBER 20, 2022

In recent years, politically charged topics have become the forefront of news and media, and with the rise of access to digitally distributed media, it has become commonplace for clients to have concerns about the possible impact of political events on their portfolios.

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Portfolio Clients Financial Planning Communication 246

Nerd's Eye View

DECEMBER 23, 2022

From gradually raising the RMD age to 75 to expanding opportunities to make Roth-style contributions, to increasing the annual limit for Qualified Charitable Distributions, this legislation will likely impact nearly all financial planning clients!

Financial Planner 246

Financial Planner Retirement Planning Financial Planning Budgeting 246

Nerd's Eye View

AUGUST 7, 2024

Consequently, when in estate planning, thinking about how to divide their assets after their death, they often aim to simply apportion the whole pot among their beneficiaries, without regard to the nature of each individual asset.

Estate Planning 246

Estate Planning Taxes Assets Planning 246

Nerd's Eye View

AUGUST 1, 2022

AssetMark acquires Adhesion Wealth from Vestmark as TAMPs continue to seek scale for both technology development and distribution. CapIntel raises an $11M Series A round to bring its proposal generation tools from Canada to the US.

Financial Planning 246

Financial Planning Financial Advisor Commission Planning 246

MainStreet Financial Planning

NOVEMBER 25, 2024

Qualified charitable distributions are made directly to the eligible charity from a traditional IRA, inherited IRA, inactive Simplified Employee Pension (SEP) plan and inactive Savings Incentive Match Plan for Employees (SIMPLE) IRAs. 2025 amounts should become available later this year.

Taxes 98

Taxes Planning Retirement Planning Accounting 98

Integrity Financial Planning

OCTOBER 3, 2023

Rather than acquire a target company, a savvy potential acquirer of a distributor could temporarily lower their price for whatever is being distributed and woo most of the target company’s customers without acquiring the company. It was a subsistence living, and Sheth was determined to build a more valuable company.

Distribution 97

Distribution License Financial Planning Planning 97

Nerd's Eye View

JUNE 19, 2024

As while will-based transfers and cash gifts generally impose no restrictions on how they're used by their beneficiaries, certain types of trust-based estate plans can allow an individual to set very specific guidelines for how their assets are held and under which circumstances they can be distributed.

Estate Planning 190

Estate Planning Distribution Assets Planning 190

Nerd's Eye View

JUNE 19, 2024

As while will-based transfers and cash gifts generally impose no restrictions on how they're used by their beneficiaries, certain types of trust-based estate plans can allow an individual to set very specific guidelines for how their assets are held and under which circumstances they can be distributed.

Estate Planning 189

Estate Planning Clients Distribution Assets 189

Abnormal Returns

AUGUST 10, 2022

abnormalreturns.com) Personal finance Ben Carlson, "Every financial plan should build in the potential for the occasional mistake." whitecoatinvestor.com) How to use in-kind distributions for RMDs. awealthofcommonsense.com) 'Dying with zero' is a worthy goal, that is difficult to accomplish in practice. humbledollar.com).

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Distribution Financial Planning Retirement Accounting 246

Nerd's Eye View

JANUARY 4, 2023

Financial advisors have a wide range of strategies at their disposal to create financial plans for their clients. Further, given that a client’s monthly distributions will almost certainly change at some point when implementing a guardrails strategy, they must understand what this means in practical terms.

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Retirement Distribution Retirement Planning Asset Allocation 246

Nerd's Eye View

JUNE 25, 2024

What's unique about Chris, though, is how he has built a highly efficient solo practice that allows him to work fewer than 25 hours/ week to have more time for his family and managed to cut his hours down by relentlessly focusing on only the financial planning tasks that really truly matter most to his clients… and either outsourcing, or just (..)

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Clients Financial Advisor Financial Planning Planning 242

Nerd's Eye View

APRIL 29, 2024

Read More.

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Estate Planning Clients Planning Financial Advisor 246

Carson Wealth

JANUARY 5, 2023

Traditional 401(k)s, 403(b)s, and IRAs offer a tax deferral on contributions and growth until distribution. Their Roth counterparts can provide an inverse benefit: Contributions are taxed up front, but growth and qualified distributions are tax-free. One of those is the Required Minimum Distribution (RMD) rule.

Distribution 98

Distribution Retirement Planning Taxes 98

MainStreet Financial Planning

NOVEMBER 8, 2024

Establishing a donor-advised fund allows you to make a large charitable contribution in one year, receive the tax deduction, and distribute funds to charities over time. Contribute to a 529 College Savings Plan Contributions to a 529 plan grow tax-free, and withdrawals for qualified education expenses are also tax-free.

Taxes 98

Taxes Medical Consulting Education 98

eMoney Advisor

NOVEMBER 7, 2022

Earnings limits come into effect, as do age-related requirements, such as required minimum distributions (RMD). Financial professionals play a role in educating their clients about the nuances of the RMD rules so they can be prepared with a spending plan. Setting New Financial Goals.

Financial Planning 107

Financial Planning Retirement Planning Clients 107

Nerd's Eye View

SEPTEMBER 25, 2024

From a financial planning perspective, the seeming implication of a likely rise in future tax rates would be that, given a choice between being taxed on income today or deferring that tax to the future, it makes more sense to be taxed today when taxes are lower than they'll be in the future.

Taxes 246

Taxes Retirement Tax Planning Accounting 246

eMoney Advisor

FEBRUARY 9, 2023

Of an estimated 104 million households seeking some level of financial advice, 88 million of those households want that advice from a financial professional. In this overview, we will explore the demographics of each stage, the financial planning needs of people in each stage, and strategies for serving them.

Financial Planning 95

Financial Planning Clients Planning Education 95

Carson Wealth

DECEMBER 5, 2024

However, either the donor or the donor’s representative retains advisory privileges with respect to the distribution of funds and the investment of assets in the account. Just like the rest of your financial journey, optimized giving is complex and should follow a plan.

Taxes 118

Taxes Nonprofit Accounting Assets 118

Discipline Funds

DECEMBER 20, 2023

The end of the year is an ideal time to start planning for the year ahead and make sure you’re on target to achieve those goals. Good financial planning is all about asset and liability matching across time. A financial plan with an asset liability mismatch is likely to fail over time.

Financial Planning 73

Financial Planning Planning Asset Allocation Retirement Planning 73

Carson Wealth

FEBRUARY 29, 2024

What do you need to consider about gifting as it relates to your overall estate plan? Let’s take a closer look at estate and gift taxes and how you can approach them with a financial planning mindset. Depending on state law, Roth IRA distributions may be subject to state taxes. Taxes on Giving??? After all, it’s yours!

Taxes 96

Taxes Financial Planning Planning Estate Planning 96

MainStreet Financial Planning

DECEMBER 8, 2022

We would like to take this opportunity to remind you about your annual Required Minimum Distribution (RMD). As you may know, the Internal Revenue Service (IRS) requires that you take an annual distribution from your retirement accounts starting with the year in which you turn 72 years old and every year thereafter. Annual deadlines.

Distribution 52

Distribution Retirement Taxes Retirement Planning 52

Abnormal Returns

NOVEMBER 28, 2022

Podcasts Christine Benz and Jeff Ptak talk the evolution of financial advice with Preston Cherry founder and President of Concurrent Financial Planning. fa-mag.com) How qualified charitable distributions work. morningstar.com) Douglas Blake, Managing Director of Investment Services at Kingswood U.S.,

Wealth Management 130

Wealth Management Startup Medical Financial Advice 130

Park Place Financial

JANUARY 9, 2023

FINANCIAL PLANNING Tax and Financial Planning Ideas For 2023 Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. If you have been contemplating making more defined financial decisions, the New Year can be the ideal time to turn that aspiration into a resolution. RELATED BLOG POSTS.

Financial Planning 52

Financial Planning Taxes Planning Certified Financial Planner 52

Darrow Wealth Management

JANUARY 16, 2025

Inheriting a Trust Fund: Distributions to Beneficiaries Do You Pay Tax on an Inheritance? integrating financial planning with investment management, our goal is to help you build and grow your wealth. Whether the decedent was your spouse, parent, or other type of non-spouse doesn’t really matter. Yes and no.

Assets 98

Assets Estate Planning Taxes Wealth Management 98

WiserAdvisor

JULY 1, 2022

That said, entrepreneurship can sometimes be cumbersome in spirit, especially in terms of financial planning. Long working hours, lack of financial security, irregular income, managing investors, liquidity issues, insufficient equity, and more, while juggling personal finances, can be a daunting task.

Financial Planning 52

Financial Planning Planning Financial Planner Retirement 52

Abnormal Returns

AUGUST 1, 2022

Podcasts Brendan Frazier talks with Tim Maurer about the 'why' of financial planning. advisors.vanguard.com) The IRS has caused confusion around inherited IRA required distributions. wiredplanning.com) Daniel Crosby talks with Samantha Lamas about why simple solutions to behavioral issues are difficult to find.

Retirement 130

Retirement Distribution Communication Financial Planning 130

Integrity Financial Planning

OCTOBER 23, 2023

Without a specific plan in place, it can be a complicated, lengthy, and sometimes costly process for your heirs to get what you leave behind. [1] 1] Estate plans can help you avoid these types of problems because they give you control over exactly how your assets are distributed. [1]

Estate Planning 93

Estate Planning Planning Distribution Financial Planning 93

International College of Financial Planning

MARCH 11, 2023

With the right plan, you can take control of your finances. Financial planning helps you understand your current financial situation and set realistic goals for the future. Here’s why it’s important and how to start Managing your money is essential for financial stability and security.

Financial Planning 52

Financial Planning Planning Insurance Coverage Financial Planner 52

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.

Financial Planning 52

Financial Planning Planning Marketing Marketing 52

Nerd's Eye View

MARCH 23, 2023

But for many advisors, the process of articulating their philosophies about financial advice and what it is the advisor stands for can be much more challenging than learning the technical aspects of financial planning.

Financial Advice 130

Financial Advice Communication Financial Planning Marketing 130

Harness Wealth

JUNE 23, 2023

Estate planning is a critical component of a comprehensive financial plan. It involves deciding how your assets will be distributed upon your death or incapacitation. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving.

Estate Planning 52

Estate Planning Financial Planning Planning Taxes 52

Integrity Financial Planning

JUNE 27, 2023

The Foundations of Financial Planning Proper financial planning is widely considered the first step to building generational wealth. [1] 1] Retirees should work to evaluate their current financial situation and develop a comprehensive plan in order to achieve their wealth-building goals.

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

Walkner Condon Financial Advisors

NOVEMBER 11, 2024

Understand the rules and strategies for Required Minimum Distributions (RMDs) for your retirement accounts to help you avoid unexpected taxes and penalties.

Distribution 52

Distribution Taxes Retirement Accounting 52

Integrity Financial Planning

OCTOBER 17, 2022

Check with your 401(k) administrator to see if your plan allows what is called an “in-service” distribution at age 59½. Some 401(k) plans allow this, and others do not. Required Minimum Distributions at age 72. As of 2020, the SECURE Act changed the age at which Required Minimum Distributions begin from 70½ to 72.

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Retirement Accounting Retirement Planning Distribution 95

WiserAdvisor

JUNE 19, 2022

While the figure is stressful, financial planning for a baby can help you transition into parenthood smoothly. More importantly, if you are a single parent, you may have to consider the financial preparedness aspect more seriously. Here are some tips that can help you in planning for a baby financially: 1.

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Financial Planning Planning Education Budgeting 52

Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important?

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Financial Planning Planning Financial Planner Wealth Management 52

Covisum

JUNE 12, 2023

Retirement involves navigating different income streams, unique financial goals, and optimizing distribution options to maximize retirement income. At Covisum, we understand the intricacies of retirement planning and offer an integrated suite of products designed to address this unique phase in your clients' lives.

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Retirement Financial Planning Planning Retirement Planning 52