Abnormal Returns

JANUARY 17, 2024

peterlazaroff.com) Robin Powell talks retirement planning with Justin King author of "The Retirement Café Handbook: Nine Accelerators for a Successful Retirement." evidenceinvestor.com) Frazer Rice talks with Jenny Rozelle about the roles and responsibilities in trust and estate documents.

Retirement 257

Retirement Retirement Planning Insurance Education 257

Nerd's Eye View

JANUARY 29, 2025

As a foundational document, the operating agreement is essential for RIA firms. In addition, the agreement should address how the firm will handle member departures – whether due to retirement or unexpected circumstances like death or disability, which is important whether the firm has one member or multiple members.

Distribution 130

Distribution Government Financial Advice Planning 130

Nerd's Eye View

JANUARY 29, 2025

As a foundational document, the operating agreement is essential for RIA firms. In addition, the agreement should address how the firm will handle member departures – whether due to retirement or unexpected circumstances like death or disability, which is important whether the firm has one member or multiple members.

Distribution 130

Distribution Government Financial Advice Planning 130

Nerd's Eye View

APRIL 29, 2024

helping them develop a retirement income plan), it often also addresses the client's goals for their wealth after their death. In the implementation phase, financial advisors can review the estate planning documents to ensure they are appropriate to meet their client's needs and confirm that the client actually executes the documents.

Estate Planning 246

Estate Planning Clients Planning Financial Advisor 246

Abnormal Returns

JULY 3, 2023

(financial-planning.com) Wealth.com's Ester will help you read estate planning documents. investmentnews.com) Retirement It's inevitable we will see more older workers. klementoninvesting.substack.com) The reasons why people un-retire. wealthmanagement.com) Leaving a vacation home to heirs is challenging.

Estate Planning 240

Estate Planning Recruitment Wealth Management Startup 240

Carson Wealth

JANUARY 25, 2023

Adhering to their timeline and providing documents in the instructed manner (such as through a client portal or a secure drop box) will reduce any back and forth and minimize the chance that your preparer misses something you already provided. Sometimes life events make it impractical or too stressful to collect all the documents on time.

Taxes 98

Taxes Medical Distribution Accounting 98

Nerd's Eye View

JANUARY 24, 2024

The need to address longevity risk has become increasingly important, allowing financial advisors to add even more value for their clients by ensuring that their financial needs are met throughout retirement. Unfortunately, nearly half of all U.S. states do not consider POAs to be durable (i.e.,

Estate Planning 246

Estate Planning Accounting Clients Planning 246

Nerd's Eye View

JANUARY 24, 2024

The need to address longevity risk has become increasingly important, allowing financial advisors to add even more value for their clients by ensuring that their financial needs are met throughout retirement. Unfortunately, nearly half of all U.S. states do not consider POAs to be durable (i.e.,

Clients 246

Clients Estate Planning Accounting Planning 246

Nerd's Eye View

AUGUST 7, 2024

Notably, an asset-by-asset approach to estate planning isn't 'just' about drafting documents like wills or trusts; it requires full knowledge of the client and the details of their (and their beneficiaries') financial, tax, and overall life circumstances.

Estate Planning 246

Estate Planning Taxes Assets Planning 246

MainStreet Financial Planning

JANUARY 23, 2025

Review Your Estate Planning Documents Take some time to review the key documents in your estate plan, such as your will, power of attorney, and property deeds. Prepare for Tax Season Organize your tax documents in one central locationwhether its a folder, box, or basketto avoid scrambling when its time to file.

Estate Planning 85

Estate Planning Budgeting Taxes Insurance 85

Nerd's Eye View

AUGUST 24, 2022

a single person, a couple, a business, or a retirement plan) and the date on which the agreement will become effective. To start, the agreement should contain basic information about the adviser-client relationship, including who the client is (e.g., The agreement should also lay out some acknowledgments for the client to review.

Electronics 242

Electronics Clients Retirement Planning Financial Advice 242

Darrow Wealth Management

NOVEMBER 11, 2024

The deductibility phase-out is based on filing status, income (MAGI), and whether or not the individual(s) are eligible to participate in a retirement plan at work. Each time you take money out from individual retirement accounts, you won’t need to pay taxes on the proportion of nondeductible contributions to all IRA assets.

Distribution 95

Distribution Taxes Retirement Retirement Planning 95

Nerd's Eye View

AUGUST 24, 2022

a single person, a couple, a business, or a retirement plan) and the date on which the agreement will become effective. To start, the agreement should contain basic information about the adviser-client relationship, including who the client is (e.g., The agreement should also lay out some acknowledgments for the client to review.

Electronics 238

Electronics Clients Retirement Planning Financial Advice 238

Abnormal Returns

AUGUST 31, 2024

sherwood.news) Six tips for traveling in retirement including 'Travel offseason.' newsletter.abnormalreturns.com) Mixed media Why legal documents read the way they do. (grist.org) What is a 'prairie pothole'? reasonstobecheerful.world) Travel Revenge travel may be done, but Americans are still traveling a lot. sherwood.news)

Financial Advising 275

Financial Advising Transportation Food Insurance 275

Financial Symmetry

MARCH 3, 2025

Proper tax documentation, including Form 8606 , is necessary to avoid IRS scrutiny. By following these steps, high-income earners can still benefit from tax-free growth and withdrawals in retirement. Roth IRAs allow for tax-free growth and withdrawals in retirement. Form 8606 is necessary for non-deductible IRA contributions.

Taxes 64

Taxes Retirement Consulting Financial Advisor 64

Nerd's Eye View

JULY 24, 2024

When the original SECURE Act was passed in December 2019, it brought sweeping changes to the post-death tax treatment of qualified retirement accounts. As a whole, these regulations introduce significantly more complexity to the process of tax planning around retirement accounts, particularly after the death of the account's original owner.

Distribution 190

Distribution Accounting Retirement Tax Planning 190

The Big Picture

AUGUST 23, 2022

We throw parties, showers, weddings, and funerals to mark these milestones, formalize them with legal documents, write articles, how-to’s, and self-help books about them. But there’s a very important life event that gets less attention: It’s retirement. The rhythm of our lives and our society is centered around them. Belle Curve ).

Management 300

Management Retirement Accounting Economy 300

Carson Wealth

AUGUST 25, 2022

How much do I need for retirement?” Your financial needs in retirement can depend on dozens of factors – some known and some unknown. One or two million dollars may seem like a lot of money to have set aside for retirement. A Retirement Reality Check. The concept of retirement continues to evolve with the world around us.

Retirement Planning 98

Retirement Planning Retirement Planning Certified Financial Planner 98

Random Roger's Retirement Planning

DECEMBER 15, 2023

Unusual Whales (very worth following) Tweeted that "51% of Gen-Xers and 40% of Boomers have said they are 'significantly behind' their retirement, per CNBC." We Aren't Saving Nearly Enough For Retirement. 600,000-$800,000 are workable numbers for long term retirement planning. Barron's pegs Gen-X' perceived need at $1.1

Retirement 97

Retirement Retirement Planning Numbers Engineering 97

Nerd's Eye View

MAY 6, 2024

This month's edition kicks off with the news that self-directed retirement planning software provider NewRetirement has raised a $20M Series A round as the company demonstrates that its DIY tools really do turn a subset of consumers into bona fide prospects for financial advisors.

Financial Advisor 233

Financial Advisor Retirement Planning CFP Clients 233

Nerd's Eye View

FEBRUARY 2, 2024

Also in industry news this week: A recent study from advisor digital marketing firm Snappy Kraken suggests firms that invest in Search Engine Optimization (SEO), have a regular cadence of emails to their subscriber list, and include video content in these messages tend to get greater returns from their marketing efforts CFP Board has created a guide (..)

Financial Planner 246

Financial Planner Compliance CFP Clients 246

Nerd's Eye View

NOVEMBER 21, 2022

This may be done through a Client Engagement Standards document, which can ensure clients understand the process and their obligations to provide the advisor with the requested information.

Financial Planning 244

Financial Planning Planning Estate Planning Clients 244

Carson Wealth

APRIL 4, 2024

Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estate planning documents (wills, trusts, etc.) But note, in order for a power of attorney (POA) document to be valid, it must be signed by your parents while they are still mentally competent.

Management 137

Management Healthcare Medical Estate Planning 137

Carson Wealth

JULY 3, 2024

Understand your tax obligations at the local, state and federal levels, and keep detailed records of income, expenses and tax-related documents. Plan for Your Retirement As a small business owner, it’s essential to plan for your retirement independently since you may not have the benefit of employer-sponsored retirement plans.

Financial Planning 142

Financial Planning Planning Retirement Planning Tax Planning 142

Nerd's Eye View

NOVEMBER 23, 2022

Among the several different types of retirement plans that are available to self-employed workers, solo 401(k) plans can offer the most flexibility and the ability to contribute the highest amount of tax-advantaged savings.

Planning 246

Planning Distribution Assets Retirement Planning 246

Nerd's Eye View

DECEMBER 8, 2023

Also in industry news this week: In a new whitepaper, industry consultant Mark Hurley predicts that the environment for wealth management firms will grow much more competitive amid higher interest rates and greater PE funding of advisory firms, although opportunities exist for RIAs that can successfully attract and serve younger clients at scale According (..)

Financial Planner 246

Financial Planner Numbers Clients Assets 246

Carson Wealth

MARCH 14, 2024

By Matt Kory, Vice President, Retirement Programs Changing careers is an emotional move – there’s excitement for the new opportunity, sadness about leaving your favorite coworkers behind, depression if you weren’t ready to leave, worry about how to financially bridge the unemployment gap and anticipation of the new career all at once.

Financial Advisor 143

Financial Advisor Consulting Taxes Retirement 143

Carson Wealth

JANUARY 3, 2023

Before we dive into the estate planning documents you need to have, it helps to understand how property passes after a death. Some types of accounts – such as retirement plans, college savings accounts, annuity or life insurance contracts – allow the owner to appoint a beneficiary. What Documents Do You Need for Estate Planning? .

Estate Planning 52

Estate Planning Planning Insurance Financial Advisor 52

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? Gather tax documents and consult a CPA for help.

Estate Planning 100

Estate Planning Distribution Accounting Valuation 100

MazumaBusinessAccounting

MAY 31, 2022

Remember, the IRS recommends keeping tax-related documents for at least six years. Determining how long to keep financial records depends on several factors, including the record type and whether it’s for personal or business documentation. Some documentation has no expiration date, such as birth certificates and social security cards.

Certification 98

Certification Taxes Medical Accounting 98

Ballast Advisors

JUNE 18, 2024

Join us as we delve into the tax strategy, legal documentation, and insurance coverage considerations needed to successfully balance the ownership of multiple residences for snowbirds. Tax-related documents: When you have multiple residences, you may need to file state income tax returns in each state where you are considered a resident.

Insurance Coverage 52

Insurance Coverage Insurance Taxes Financial Planning 52

Carson Wealth

FEBRUARY 27, 2025

Many of us just do tax preparation, dropping off a shoebox of documents with a CPA for the weekend. Qualified Charitable Distributions (QCDs) Your distributions from your retirement plans are reported on your 1099-R form , but the form doesnt specify how much went to a QCD. Then were surprised when our returns are only so-so.

Taxes 105

Taxes Tax Planning Distribution Planning 105

Clever Girl Finance

NOVEMBER 16, 2022

When you're wondering how long to keep financial records, there are documents that you will need to keep forever “just in case” they are needed. These are important documents, and there are varied reasons why you could need them. The documents that you need to file with the local registrar may also be available online.

Certification 105

Certification Taxes Insurance Banking 105

Fortune Financial

APRIL 11, 2024

The reality for those with various employers is that untracked retirement savings might lead to missed financial growth opportunities and instability. Diligent oversight and management of these retirement accounts is essential for anyone aiming to build a solid financial foundation for a comfortable and secure retirement.

Retirement 59

Retirement Retirement Planning Financial Advisor Accounting 59

MainStreet Financial Planning

MARCH 7, 2023

Gathering all your documents is crucial to complete a tax return free of mistakes. It is a good idea to keep all your tax documents in one place by creating a physical or digital folder. It is a good idea to keep all your tax documents in one place by creating a physical or digital folder. Did you have AMT?

Taxes 98

Taxes Retirement Planning Distribution Planning 98

Your Richest Life

JANUARY 20, 2023

which brings several changes to the retirement system, is now law. Whether you’re decades from retirement or quickly approaching it, some of these changes will likely impact you and your financial plan. Emergency Savings Beginning in 2024, some retirement plans could add an emergency savings component. document here.

Retirement Planning 105

Retirement Planning Retirement Accounting Planning 105

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. Here are the basic components of an estate plan: Will : A will is a legal document that outlines how you want your assets and property to be distributed after your death.

Estate Planning 95

Estate Planning Planning Healthcare Medical 95