Nerd's Eye View

OCTOBER 9, 2024

While all gifts could technically be considered taxable to the donor, the annual gift tax exclusion (currently at $18,000) provides for a practical allowance that makes it unnecessary to track and report every small gift (because no one wants to spend time accounting for the value of birthday gifts like bikes, books, or cash!).

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Taxes Medical Clients Education 244

Nerd's Eye View

SEPTEMBER 5, 2024

A cornerstone service that many financial advisors provide is education. This puts advisors in a challenging situation to re-educate or redirect the client without becoming combative or condescending.

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Education Clients Financial Planning Communication 222

Nerd's Eye View

SEPTEMBER 6, 2023

Beyond insurance, advisors and their clients can also consider options such as the use of corporate entities such as Limited Liability Companies (LLCs) for business interests, and estate tax planning tools such as Spousal Lifetime Access Trusts (SLATs) that can offer both estate planning and asset protection benefits for married couples.

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Education Assets Clients Estate Planning 246

Nerd's Eye View

AUGUST 23, 2023

However, the caveat with current CGAs has been that they could only be funded with after-tax dollars before the donor’s death, meaning that if an individual only had tax-deferred funds (e.g., Second, they reduce the donor's tax bill in the year the CGA is created by excluding the amount contributed to the CGA from taxable income.

Taxes 246

Taxes Retirement Clients Estate Planning 246

Abnormal Returns

FEBRUARY 7, 2025

lewisenterprises.blog) Eric Golden talks taxes and ETFs with Meb Faber, co-founder and CEO of Cambria Investments. epsilontheory.com) Education Jim O'Shaughnessy talks with John Kennedy, a director at the Corsi-Rosenthal Foundation, about air quality and education. Tovah Klein about helping children thrive.

License 147

License Education Retail Media 147

Harness Wealth

MARCH 14, 2025

This edition of the Tax Advisor Weekly covers key updates for financial professionals. To round things out, we provide a refresher on the most common tax return mistakes to watch for this season. Citizens, Businesses ( Martha Waggoner , The Tax Adviser) U.S. Property taxes accounted for 70.2 You can find it here.

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Taxes Accounting Government Medical 59

Harness Wealth

JANUARY 10, 2025

Tax advice is a common topic on social media platforms like TikTok. Influencers promise easy ways to secure tax deductions, simplifying complex ideas into bite-sized claims that gloss over important details in the process. Can Hiring Your Children Help You Save on Taxes? Can You Claim Your Pet as a Tax Write-Off?

Taxes 52

Taxes Assets Media Education 52

Abnormal Returns

MARCH 5, 2025

contessacapitaladvisors.com) Taxes How to get an IRS PIN. awealthofcommonsense.com) On the limits of personal finance literacy education. (timmaurer.com) Uncertainty can't be cured, only mitigated. wsj.com) What Form 1098-T is for. thecollegefinanciallady.com) Personal finance The U.S. housing market is really, really valuable.

Retirement 162

Retirement Financial Planning Education Taxes 162

Abnormal Returns

AUGUST 14, 2024

50fires.com) Steve Chen talks financial education with Tim Ranzetta, founder of Next Generation Personal Finance. podcasts.apple.com) Taxes The 0% capital gains bracket is an opportunity. whitecoatinvestor.com) Why it's important to do tax planning before you start taking Social Security.

Tax Planning 281

Tax Planning Retirement Financial Advisor Education 281

Cordant Wealth Partners

NOVEMBER 18, 2024

We also get you up to speed on the tax benefits of using a DAF. If you've heard of a DAF and are curious about incorporating it into your giving and tax planning strategy, this article is for you. Key Takeaways: Contributions to a donor-advised fund reduce your tax bill in the year your contribution is made.

Taxes 52

Taxes Tax Planning Nonprofit Accounting 52

Nerd's Eye View

JULY 8, 2024

interest rates, and relatively little new tax legislation (yet). After several turbulent years in both markets and workforces, 2024 appears to be the 'most normal' year of late, with strong market performance, cooling (or at least no longer rising!?)

Ethics 239

Ethics Education Financial Advice Taxes 239

Harness Wealth

MARCH 14, 2025

For many small tax firms, the process of collecting client tax documents can be a time-consuming and a prolonged process. The good news is that technology solutions, like Harness, can streamline document collection and transform the way tax professionals work.

Taxes 52

Taxes Compliance Tax Planning Clients 52

Harness Wealth

MARCH 6, 2025

Freelancers and contractors may enjoy greater flexibility and independence than full-time employees, however, this autonomy brings increased tax responsibility. Unlike W-2 employees, freelancers and independent contractors are responsible for managing their own tax obligations, which can be a complex process.

Taxes 52

Taxes Consulting Professional Services Tax Planning 52

Carson Wealth

FEBRUARY 6, 2025

Every year brings changes in tax rules, and 2025 is no exception. Staying informed about these tax updates isn’t just about being prepared for tax seasonit’s about making smart money moves all year long. More Money Protected from Taxes Good news for your walletyou can shield more of your income from taxes in 2025.

Taxes 62

Taxes Retirement Tax Planning Planning 62

Harness Wealth

NOVEMBER 12, 2024

As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. Find your next tax advisor at Harness today. Starting at $2,500.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Abnormal Returns

MAY 26, 2024

nytimes.com) A better educated police force is a good thing. washingtonmonthly.com) Tax enforcement pays for itself. (caia.org) Policy How the Retirement Savings for Americans Act (RSAA) would help lower income workers. pionline.com) How Baltimore became the overdose capital of America.

Financial Advising 267

Financial Advising Economy Education Media 267

Abnormal Returns

SEPTEMBER 18, 2023

theirrelevantinvestor.com) Taxes Why clients need to start planning now for the coming dip in the estate tax exemption. financial-planning.com) A profile of Dan Otter, founder of education and advocacy site 403bwise. (riabiz.com) RWM A lot of changes have happened in ten years at Ritholtz Wealth Management.

Planning 264

Planning Financial Advice Wealth Management Math 264

Harness Wealth

JANUARY 29, 2025

April 15 marks the IRS tax return filing deadline for 2025. Although this is the traditional tax filing deadline, given the spate of recent natural disasters (such as the California wildfires and Hurricane Milton), the IRS is granting certain filing and payment extensions beyond this date.

Taxes 52

Taxes Medical Distribution Tax Planning 52

MainStreet Financial Planning

MARCH 7, 2025

Tax season can feel overwhelming, whether you’re filing for the first time or you’ve been doing it for years. Should you tackle your taxes on your own, or is it time to bring in a professional? Lets explore the pros and cons of DIY tax preparation and when seeking expert help might be the right move.

Taxes 52

Taxes Financial Planning Planning Numbers 52

Nerd's Eye View

SEPTEMBER 27, 2023

However, the number of Federal student loan borrowers over the age of 50 has increased significantly in the past 20 years, with many of these borrowers holding Parent PLUS loans that were used to help fund their children's undergraduate education. Read More.

Education 246

Education Financial Advisor Planning Clients 246

Nerd's Eye View

MARCH 18, 2025

Ali is the Founder of the Wealth Integration System for Entrepreneurs, an education and coaching company based in Houston, Texas, that works with entrepreneurs facing a liquidity event and trying to figure out what's next… and financial advisors who serve them. Welcome to the 429th episode of the Financial Advisor Success Podcast !

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Financial Advisor Clients Financial Planning Taxes 130

Nerd's Eye View

MAY 31, 2024

Going beyond FPA’s existing PlannerSearch tool, the narrowed-down list is meant to help consumers identify a focused subset of the most reputable planners.

Financial Planner 238

Financial Planner Ethics Financial Advisor Taxes 238

Nerd's Eye View

JULY 25, 2022

All in pursuit of our mission – Making Financial Advicers Better, and More Successful – through our ongoing focus on Navigational resources, Educational insights, Research on advicers, and Development of advicer skills. A gap our Kitces Courses aim to fill! can check out our Career Opportunities page for more!

Financial Planning 244

Financial Planning Education Estate Planning CFP 244

Nerd's Eye View

OCTOBER 31, 2023

Read More.

Financial Advisor 246

Financial Advisor Estate Planning Clients Education 246

MainStreet Financial Planning

MARCH 22, 2023

Are you one of the few out there that might have saved too much for your child’s college into a tax-advantaged 529 savings plan? I am sure you don’t want to take out the money for non -education expenses because then you will have to pay taxes and penalties. You already gave your child a great gift in education.

Taxes 98

Taxes Planning Education Accounting 98

eMoney Advisor

JANUARY 31, 2023

A few years ago, I had a eureka moment that changed the way our firm approached client education. Launching a Client Education Series Now that we’ve been doing this for a few years, our process has become a well-oiled machine. When the pandemic hit, we continued to offer these events, but they became quarterly webinars.

Education 103

Education Financial Planning Clients Planning 103

The Big Picture

OCTOBER 15, 2022

The division provides investments, services, education and research to more than 1,000 financial advisory firms representing more than $3 trillion in assets. Instead of paying dividends to shareholders, it is more tax efficient to lower fees of the funds held by their investors aka owners.

Financial Advisor 305

Financial Advisor Education Retail Management 305

Abnormal Returns

DECEMBER 5, 2022

advisorperspectives.com) IRAs Why asset location matters from a tax-perspective. investmentnews.com) Momentum is growing for financial literacy education in high schools. (wealthmanagement.com) Should you write your clients an annual letter? spilledcoffee.substack.com) How much should clients know about their adviser?

Financial Planner 246

Financial Planner Estate Planning Startup Communication 246

Nerd's Eye View

OCTOBER 23, 2024

Though in practice, while a 1% AUM fee is a common 'starting point' in the industry, the actual fee structure can vary based on the firm's approach; for example, some firms may reduce the fee for high-net-worth clients, or charge an additional fee for separate and additional services (from deeper financial planning to add-ons like tax preparation).

Clients 246

Clients Financial Advice Financial Planning Financial Advisor 246

Nerd's Eye View

JANUARY 13, 2025

We're also further expanding our more 'deep-dive' educational programs. , and we're aiming to offer CE for Accredited Investment Fiduciary (AIF) designees by the second half of the year!

Financial Advice 148

Financial Advice Ethics Financial Planning Education 148

Fortune Financial

NOVEMBER 22, 2022

The clock is ticking for taxpayers who wish to minimize the taxes they will owe in the spring. The IRS does not tax what you divert directly from your paycheck into your retirement or health savings accounts. A Roth conversion will lower the Required Minimum Distributions (RMDs) from tax-deferred accounts.

Taxes 98

Taxes Education Retirement Financial Advisor 98

eMoney Advisor

APRIL 4, 2023

Financial advisor client education can play a crucial role in providing the knowledge and life skills they’ll need to oversee and sustain their inherited wealth. By providing financial advisor client education, you’re not only improving the financial literacy of the next generation but also of your client. Sources: 1.

Education 97

Education Financial Advisor Clients Planning 97

The Chicago Financial Planner

NOVEMBER 27, 2022

One of the best tax deductions for a small business owner is funding a retirement plan. Beyond any tax deduction you are saving for your own retirement. Both plans allow for contributions up your tax filing date, including extensions for the prior tax year. As a fellow small businessperson, I know how hard you work.

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

MainStreet Financial Planning

MARCH 7, 2023

It is March…that means you have just about 5 weeks left to get organized and submit your tax return. The tax deadline is April 18, 2023 (some taxpayers in disaster areas in California, Georgia and Alabama have an extended deadline). Gathering all your documents is crucial to complete a tax return free of mistakes.

Taxes 98

Taxes Retirement Planning Distribution Planning 98

Nerd's Eye View

JULY 17, 2023

In the early days when financial advisors were first and foremost salespeople for insurance and investments products, the reality is that "advisor training and education" wasn't really about finance or advice… it was mostly just about learning how the company's products worked and how to effectively sell them to consumers.

Ethics 245

Ethics Financial Advice CFP Financial Advisor 245

Integrity Financial Planning

APRIL 24, 2023

Even as tax season winds down, it’s still important that you consider tax strategy as part of your financial picture. Many couples file jointly, and while it can sometimes help save on your taxes, it isn’t always the best option in each case! Determine if you can file jointly. 1] Consider your deductions and credits.

Taxes 91

Taxes Financial Guidance Medical Financial Planning 91

Tobias Financial

JANUARY 18, 2023

Our vision is to inspire, educate, and prepare our clients so they can live the lives they want. With this in mind, our team members are always committed to developing their skills and education to help our clients achieve their financial goals. To read more about Catalina, visit her bio here. .

Wealth Advisor 98

Wealth Advisor Taxes Education Financial Advisor 98