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

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

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

Carson Wealth

AUGUST 25, 2022

often fail to consider sequence of return, housing, longevity, health or family risks faced in retirement. Focus on Your Retirement Plan Rather Than a Magic Number. would be “How do I plan for retirement?“ And spending helps open conversations about the amount needed to comfortably retire.

Retirement Planning 98

Retirement Planning Retirement Planning Certified Financial Planner 98

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

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. To prove that you’ve already paid tax on nondeductible contributions, you must keep the documentation forever. Yes and no.

Distribution 95

Distribution Taxes Retirement Retirement Planning 95

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

Carson Wealth

FEBRUARY 27, 2025

Tax planning is similar in the sense that you can put work in on the front end that youll reap benefits from later. Many of us just do tax preparation, dropping off a shoebox of documents with a CPA for the weekend. Tax planning, not just tax prep, is an intentional act that can reduce your tax footprint and optimize your tax picture.

Taxes 105

Taxes Tax Planning Distribution Planning 105

Carson Wealth

JANUARY 3, 2023

Your estate plan is the key to ensuring your wishes are carried out after you die or you’ve become incapacitated and can’t make decisions on your own. . Before we dive into the estate planning documents you need to have, it helps to understand how property passes after a death. How to Prepare Estate Plan Documents .

Estate Planning 52

Estate Planning Planning Insurance Financial Advisor 52

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

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

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

Carson Wealth

MARCH 14, 2024

Be sure you know the details on balance requirements before you do – the account balance may need to exceed a certain balance to be allowed to stay in the plan. Your plan documents will outline the specifics of this provision, so be sure to check the balance requirement and if there are any deadlines by which you need to move your assets out.

Financial Advisor 143

Financial Advisor Consulting Taxes Retirement 143

Your Richest Life

JANUARY 20, 2023

Emergency Savings Beginning in 2024, some retirement plans could add an emergency savings component. Exemptions include businesses that are less than 3 years old, governmental plans, SIMPLE plans, church plans, and employers with 10 or less employees. document here. The Secure Act 2.0 Other Secure Act 2.0

Retirement Planning 105

Retirement Planning Retirement Accounting Planning 105

Million Dollar Round Table (MDRT)

JULY 21, 2022

This is the time to do comprehensive financial planning: retirement planning, investment planning, tax planning and estate planning. You can help her make those large purchases and housing decisions that she put off during the grief stage.

Charitable Planning 97

Charitable Planning Estate Planning Retirement Planning Tax Planning 97

Cordant Wealth Partners

SEPTEMBER 8, 2022

The Microsoft 401(k) retirement plan offers many excellent choices among actively managed and index funds. Action Items & Summary Microsoft’s 401(k) retirement plan is a significant benefit for those working for Microsoft, but you can’t capture those benefits unless you take action.

Retirement Planning 52

Retirement Planning Retirement Planning Taxes 52

MainStreet Financial Planning

JUNE 7, 2023

Pension Guaranty Corporation National Registry of Unclaimed Retirement Benefits There are some organizations who claim they can help you find unclaimed money for a fee, but don’t do it. These sites listed, mostly governmental sites, are free to use and just takes a little effort to submit the documents to prove the money is yours.

Retirement 95

Retirement Retirement Planning Financial Planning Planning 95

Good Financial Cents

JANUARY 24, 2023

While they do share some similarities, there are enough distinct differences between the two where they can just as easily qualify as completely separate and distinct retirement plans. Either plan is an excellent choice, particularly if you’re not covered by an employer-sponsored retirement plan. Not exactly.

Retirement Planning 122

Retirement Planning Retirement Taxes Distribution 122

International College of Financial Planning

JULY 9, 2022

When we are busy working to earn a living and spending time with our family, first thing needs to think about is Retirement Planning. Generally, people think about Retirement planning after retirement. To plan for retired life important thing is financial plan.

Certified Financial Planner 40

Certified Financial Planner Financial Planner Retirement Planning Retirement 40

Harness Wealth

JANUARY 9, 2025

Both the Mega Backdoor Roth IRA and Mega Backdoor Roth 401(k) allow the additional contribution of funds to retirement plans after pre-tax and Roth contribution limits have been reached. Roth IRAs are also not subject to Required Minimum Distributions (RMDs), allowing more flexibility in retirement planning.

Taxes 52

Taxes Planning Retirement Retirement Planning 52

Random Roger's Retirement Planning

DECEMBER 15, 2023

600,000-$800,000 are workable numbers for long term retirement planning. That range might not equal anyone's retirement number but a couple of lifestyle tweaks or changes and I think it's a range people could adapt to. I guess what they are saying is that Gen-X thinks it needs $44,000/yr (4% of $1.1

Retirement 97

Retirement Retirement Planning Numbers Engineering 97

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

As we look forward to 2023, the IRS recently announced that the contribution limits for employer-sponsored retirement plans are going up. You may want to review your contribution amounts and adjust for January payrolls if your goal is to maximize funding your retirement plan contributions. . IRA Accounts.

Insurance Coverage 98

Insurance Coverage Retirement Planning Financial Advisor Taxes 98

Darrow Wealth Management

MARCH 31, 2023

Once the divorce is finalized, a crucial (but often overlooked) part of the process is updating estate documents and beneficiary designations. Here are some key considerations when financial planning for a divorce. Retirement accounts: IRAs vs 401(k)s. Here’s a checklist of post-divorce financial planning moves.

Financial Planning 97

Financial Planning Planning Estate Planning Assets 97

Yardley Wealth Management

JUNE 6, 2023

Here are some additional details and keywords to help guide you: Estate planning involves creating a plan for the management and distribution of assets after death. This plan can include a living trust, a legal document that allows assets to pass to beneficiaries without going through probate court.

Certified Financial Planner 52

Certified Financial Planner Estate Planning Retirement Planning Financial Advisor 52

Fortune Financial

APRIL 11, 2024

According to the Department of Labor , “Based on the experience of Council members, and testimony and conversations with recordkeepers, the value of uncashed retirement plan checks likely exceeds $100 million per year but could be considerably larger.

Retirement 59

Retirement Retirement Planning Financial Advisor Accounting 59

Carson Wealth

JULY 12, 2022

Attorneys play a critical role in the financial planning process, particularly in estate planning. They can draft wills, trusts and legal documents as well as represent clients during life transitions. . In financial services, you might encounter an LLM in tax or estate planning. . Retirement.

Financial Advising 98

Financial Advising Financial Planning Ethics Financial Services 98

Carson Wealth

NOVEMBER 5, 2022

A beneficiary is the person or entity who receives the death benefit of an insurance policy, or retirement account proceeds at the death of an insured or account owner. Beneficiary designation transfers through life insurance policies or retirement plan assets often comprise the bulk of a younger person’s estate. .

Estate Planning 52

Estate Planning Planning Retirement Planning Financial Planner 52

Carson Wealth

APRIL 25, 2024

Retirement planning: Calculate retirement needs and contribute regularly to retirement accounts. Tax Planning: Optimize tax efficiency through strategies such as retirement contributions, tax-deferred accounts, and deductions and credits. What Could Happen if You Don’t Have a Financial Plan?

Financial Planning 97

Financial Planning Planning Retirement Insurance Coverage 97

Clever Girl Finance

NOVEMBER 20, 2023

How to handle estate and legal matters after a death If your loved one had a medical condition or was on hospice, you may already have their estate planning documents—such as a will—in your possession. If their death is unexpected, you may have to go to their home and look for the documents yourself.

Certification 107

Certification Accounting Insurance Banking 107

Fortune Financial

JUNE 2, 2023

In retirement, how you distribute that company stock will play a key role in determining your tax liability for its value. In the realm of investment and retirement planning, the concept of Net Unrealized Appreciation (NUA) holds significant importance. The remaining assets may be rolled over.

Retirement Planning 52

Retirement Planning Distribution Retirement Taxes 52

Harness Wealth

OCTOBER 24, 2024

This article covers a comprehensive list of the most common forms, documents, and information needed to file taxes. To plan your tax timeline, see our article, 2025 Tax Deadline Information for Individual Filers. Income Documentation Records showing income are the most common type of tax information used to file taxes.

Taxes 52

Taxes Insurance Insurance Coverage Medical 52

Carson Wealth

OCTOBER 6, 2022

The employee benefits business has its own language and most workers — even if they read all of their onboarding documents — won’t necessarily understand the content. I blame it largely on the failure of employers to educate in a coherent and easy-to-understand fashion. 5 Employee Benefits You Might Be Missing Out On.

Education 98

Education Insurance Planning Retirement 98

Harness Wealth

MARCH 6, 2025

This contract serves as documentation for the IRS, substantiating your self-employment. Retirement contributions: Contributions to SEP IRAs, SIMPLE IRAs, or other qualified retirement plans can reduce your taxable income. Keep all receipts, invoices, bank statements, and other documentation.

Taxes 52

Taxes Consulting Professional Services Tax Planning 52

Fortune Financial

DECEMBER 23, 2022

Tax benefits and owner retirement savings options also make establishing a 401(k) plan a smart choice for employers. This guide will help you learn more about the advantages of offering retirement plans to employees, how to get started and options for effectively distributing plan information.

Planning 52

Planning Retirement Planning Retirement Distribution 52

Carson Wealth

DECEMBER 20, 2022

Having proper estate planning documents can help ensure your assets pass where, when, and how you want them to. Saving monthly for retirement can create meaningful assets to help boost any shortfalls. Gather information about your employee benefits including retirement plans, group insurance policies and other employee benefits.

Financial Advisor 52

Financial Advisor Certified Financial Planner Financial Planner Retirement Planning 52

Clever Girl Finance

NOVEMBER 16, 2022

By filling and documenting this report quickly, you may also be able to limit your financial liability as well. Get access to any documents related to the identity theft. To better prepare, you should gather all the documents that relate to the theft. Correct your credit report. Clear your name of criminal charges.

License 94

License Accounting Insurance Medical 94

The Big Picture

DECEMBER 14, 2023

In my own personal portfolio I use a whole bunch of index mutual funds that happen to be available in those retirement plans and they do a great job. Dave Nadig : Absolutely. There’s no reason not to have them there, and in fact there are some reasons why mutual funds are better in that environment.

Taxes 183

Taxes Distribution Accounting Portfolio 183