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 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

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

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.

Retirement 246

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 (..)

Clients 242

Clients Financial Advisor Financial Planning Planning 242

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

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 97

Taxes Medical Consulting Education 97

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

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

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

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

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.

Retirement 95

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.

Financial Planning 52

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?

Financial Planning 52

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.

Retirement 52

Retirement Financial Planning Planning Retirement Planning 52

MainStreet Financial Planning

FEBRUARY 22, 2024

Managing cash flow in retirement is a crucial aspect of financial planning that can feel daunting after decades of receiving regular paychecks. Professional Assistance : Consider seeking professional guidance, especially if nearing retirement or if you prefer a comprehensive review of your retirement income plan.

Retirement 95

Retirement Management Financial Planning Taxes 95

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

Integrity Financial Planning

SEPTEMBER 11, 2023

This will allow you to bunch your donations in a single year but then distribute them over a long period of time. [1] 1] The benefit to this is that you can still gain the tax advantage of a large, itemized donation but can distribute your donations over more than just one year. [1]

Retirement 98

Retirement Taxes Distribution Tax Planning 98

Financial Symmetry

APRIL 9, 2025

They arent just personal milestones but important life events and moments that should prompt you to update your financial plans. Consider other donation options, like contributing appreciated securities or making qualified charitable distributions from IRAs if you’re eligible.

Taxes 52

Taxes Tax Planning Retirement Planning 52

Integrity Financial Planning

NOVEMBER 20, 2023

You can start to gauge what you need and what needs to change about your financial plan in order to make the most out of your retirement. 1] Phase 3: Middle Retirement (Approximately Ages 70-80) A lot can happen financially during this phase.

Retirement 88

Retirement Budgeting Medical Distribution 88

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 98

Nonprofit Distribution Estate Planning Taxes 98

Integrity Financial Planning

FEBRUARY 10, 2023

There are many kinds of trusts, but generally, a trust is a legal vehicle that grants the power to a trustee (either a firm or an individual) to distribute and manage your wealth after you are gone. [6] 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

MainStreet Financial Planning

MARCH 7, 2023

Form 1099-DIV is sent to investors who receive dividends and distributions. Form 1099-R reports distributions from pensions, annuities, retirement plans etc. appeared first on MainStreet Financial Planning. Form 1099 reports income that you made working as an independent contractor or from unemployment benefits.

Taxes 97

Taxes Retirement Planning Distribution Planning 97

Integrity Financial Planning

MAY 16, 2023

1] This is called a required minimum distribution (often shortened to RMD). appeared first on Integrity Financial Planning, Inc. Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old. [1]

Accounting 88

Accounting Retirement Retirement Planning Taxes 88

MainStreet Financial Planning

AUGUST 5, 2024

A 529 plan is a great way to save for education because you get tax-free compound growth over many years and in some cases a state tax deduction for contributions. If you start taking distributions earlier for K-12 tuition, you may limit the growth on your savings to fund college. appeared first on MainStreet Financial Planning.

Planning 96

Planning Education Taxes Distribution 96

Financial Symmetry

OCTOBER 24, 2022

The post The Rewarding Distribution of US Stock Market Returns appeared first on Financial Symmetry, Inc. That may be reassuring to investors, especially if they find market downturns unsettling. The US stock market posted positive returns … Continued.

Distribution 40

Distribution Marketing Marketing Financial Planning 40

Carson Wealth

MARCH 14, 2024

This could be your first opportunity to work with a financial advisor and learn about the financial planning process. Take advantage of this time with the financial advisor to make sure you’re on the right track. If you’re not, put a plan in place, get on the right track.

Financial Advisor 143

Financial Advisor Consulting Taxes Retirement 143