Carson Wealth

JUNE 28, 2023

Your retirement income plan may be sending up bubbles, too, whether around Social Security, retirement account distributions, taxes or somewhere else – and these holes need to be patched up right away. So, to help your retirement plan be more airtight, let’s look at a few of the common leaks.

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Harness Wealth

APRIL 16, 2025

Strategic timing of conversions during lower-income years can minimize tax impact, though without recharacterization, investors must be more certain about their decision. This structure particularly benefits those expecting lower tax rates in retirement than during their working years.

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Yardley Wealth Management

MARCH 1, 2022

Part 3: Tax-Wise Financial Planning In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. But tax planning isn’t just for your investments. But we can weave each event into the tax-planning fabric of your financial life.

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Yardley Wealth Management

MARCH 1, 2022

In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. . But tax planning isn’t just for your investments. But we can weave each event into the tax-planning fabric of your financial life. . You retire. .

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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.

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Darrow Wealth Management

NOVEMBER 20, 2023

If you think retirement planning moves stop at retirement, think again. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. But there are other ways to go about tax planning.

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WiserAdvisor

OCTOBER 4, 2022

Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. However, the main drawback to this can be the lack of foresight regarding what and how to plan.

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Zoe Financial

MAY 18, 2023

From retirement planning to market volatility, equity compensation, family expenses, and major life transitions, it’s easy to feel overwhelmed with financial responsibilities. However, hiring an advisor is a big decision, and the first step is understanding if you need one or not.

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Investing Caffeine

MAY 3, 2023

Even when the unemployment rate currently stands at 3.5%, and GDP continues to grow for the third consecutive quarter, there is never a shortage of concerns (see also A Series of Unfortunate Events ) as evidenced by worrying questions like these: Is the Federal Reserve going to increase interest rates again? Has inflation peaked?

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FMG

OCTOBER 6, 2022

SmartOffice — SmartOffice , the customer relationship managemen t s olution from Ebix, is a financial planning CRM that helps financial advisors tackle critical tasks like analysis, communication, and client services. . Keeping up with appointments, meetings, and other important events can be a challenge.

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eMoney Advisor

FEBRUARY 9, 2023

Financial Planning Needs: Retirement planning Education and family planning Obtaining appropriate insurance coverage Business and tax planning Significant asset purchases Strategies for Serving Clients in This Stage: Clients at this stage are experiencing life events — both large and small — that will impact their financial planning needs.

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WiserAdvisor

NOVEMBER 4, 2022

Retirement planning is a must, so start with maximizing your 401k and Individual Retirement Accounts (IRAs). If you get divorced or in the unfortunate event of your spouse’s demise, your personal financial wishes and goals should not be compromised. This can be done by maintaining an emergency fund. To conclude.

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WiserAdvisor

DECEMBER 15, 2023

These professionals meticulously assess your financial situation, income level, and retirement goals to tailor personalized strategies. For instance, they can guide you on leveraging employer-sponsored retirement plans, such as a 401(k) with employer matches, to optimize your contributions and harness the full benefits of the accounts.

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WiserAdvisor

JANUARY 27, 2023

2023 may see several changes with respect to retirement plans, Social Security, etc., under the Securing a Strong Retirement Act of 2022 (SECURE 2.0). Financial goals and circumstances can change significantly over time due to events such as marriage, divorce, the birth of children, job changes, and retirement.

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Midstream Marketing

NOVEMBER 6, 2024

Retirement Planning: Give tips on how to save for retirement. Explain how to manage your retirement funds and pay for healthcare. Tax Planning: Help clients learn smart tax strategies. Discuss estate planning and how financial decisions can impact taxes.

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Brown Advisory

APRIL 1, 2020

Market declines also bring opportunities to trigger valuations for income and transfer tax purposes , so that such taxes are applied to current, lower values, thereby lessening the total amount of tax ultimately paid. Deferral of required retirement plan distributions. GIFT AND ESTATE TAX PLANNING Outright Gifting.

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Brown Advisory

APRIL 1, 2020

Market declines also bring opportunities to trigger valuations for income and transfer tax purposes , so that such taxes are applied to current, lower values, thereby lessening the total amount of tax ultimately paid. Deferral of required retirement plan distributions. GIFT AND ESTATE TAX PLANNING.

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WiserAdvisor

AUGUST 8, 2022

Getting the right financial advisor: Financial planning for high-net-worth individuals can include tax planning, managing philanthropic activities like charity, asset protection, estate and succession planning, and risk management, among several other things. also require a change in your primary financial plan.

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WiserAdvisor

FEBRUARY 29, 2024

Below are five benefits of working with a financial advisor and how they can help you retire with more wealth: 1. They help you optimize tax planning Tax planning is an important aspect of financial planning that can significantly impact your long-term wealth accumulation.

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Gen Y Planning

DECEMBER 5, 2022

By weaving in extra savings into your spending plan, you can have enough money to cover gifts, cook your fancy holiday dinner, and keep the lights on (literally). . Max Out Your Retirement Plans. Saving for retirement should be as commonplace as meal prepping for the week. Invite family and friends to a fundraising event.

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Harness Wealth

MARCH 11, 2024

By working with a tax professional, you can apply tax strategies to reduce your taxable income or defer paying taxes. 20 tax reduction strategies for high-income earners in 2024 Tax strategy is complex, and there are numerous ways of reducing taxable income depending on your situation.

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Clever Girl Finance

MARCH 19, 2024

Insurance is essentially your backup plan, protecting your assets in the event a life circumstance occurs that requires a large amount of money to resolve. Plan for taxes Yup, taxes! Taxes are annoying, but they’re certainly not going away anytime soon. What big expenses are coming up soon?

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Harness Wealth

JUNE 1, 2023

This plan may cover estate and retirement planning, college savings, debt management, and more. Tax Planning: Financial advisors can help manage your tax liability, advising on strategies to minimize capital gains taxes, maximizing tax-efficient investments in retirement accounts, and charitable giving.

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WiserAdvisor

MARCH 13, 2024

Within this framework, the concept of the five pillars of retirement planning emerges as a valuable strategy. These pillars provide a comprehensive framework for building a resilient and sustainable plan. A well-structured approach ensures that every aspect is carefully considered. It also minimizes errors and oversights.

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Midstream Marketing

NOVEMBER 6, 2024

Retirement Planning : Offer tips on saving and managing retirement funds. Tax Planning : Discuss effective ways to manage taxes and how your financial choices can affect them. You need to plan your material according to holidays, news, and events in your industry. This shows that you care.

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WiserAdvisor

JANUARY 23, 2024

If your financial advisor is not keeping a close eye on your taxes, they might be missing out on various opportunities that could impact your financial well-being. An effective financial advisor should be proactive in reviewing your tax plan before the year-end. For instance, consider the fear of potential job loss.

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Clever Girl Finance

JULY 16, 2023

You can learn about the stock market, bonds, budgeting, retirement planning, and saving. In cases like these, outside counsel can help you navigate money worries and major life events. A Certified Public Accountant (CPA) is best equipped to support all your tax needs. The list is endless.

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Clever Girl Finance

JULY 16, 2023

You can learn about the stock market, bonds, budgeting, retirement planning, and saving. In cases like these, outside counsel can help you navigate money worries and major life events. A Certified Public Accountant (CPA) is best equipped to support all your tax needs. The list is endless.

Financial Advisor 52

Financial Advisor Financial Planner Certified Financial Planner Investment Advisor 52

Carson Wealth

AUGUST 1, 2024

As such, one of the most important retirement income resources is Social Security, which provides retirees inflation-adjusted income for life. Making the right decisions around claiming Social Security — based on your spending needs, longevity and tax planning — could mean the difference between meeting your retirement goals or not.

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Fortune Financial

JULY 28, 2022

Distributions only qualify for NUA treatment if completed after the triggering event (separation from service, reaching retirement, death or disability). You cannot sell the securities within the retirement plan, then move cash to a brokerage account and purchase the same shares at that point.

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Integrity Financial Planning

SEPTEMBER 8, 2022

Why is tax planning so important? Brian talks all about this crucial part of your financial plan. President Biden just signed the Inflation Reduction Act, which includes money for the IRS tax enforcement division. Giving up taxes affects your income in retirement. You have to make a plan before you do that.

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Carson Wealth

APRIL 25, 2024

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being.

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Fortune Financial

FEBRUARY 4, 2024

As a seasoned employee with a diverse array of financial commitments, Net Unrealized Appreciation (NUA) within your 401(k) and Employee Stock Ownership Plan (ESOP) offers a pathway to significant tax savings and aligns perfectly with your multifaceted financial goals.

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Random Roger's Retirement Planning

SEPTEMBER 22, 2022

I have no idea how long the current inflationary event will last but it is difficult to have much confidence that the FOMC will get it right whatever that means. We talk about padding retirement budgets for unbudgetable expenses by $1000/mo or some other number relevant to your circumstance and history with unexpected one-offs.

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Darrow Wealth Management

SEPTEMBER 11, 2024

Roth 401(k)s can only bypass annual distributions if 100% of the retirement plan was in a Roth account. If there’s a mix of pre-tax and Roth funds, RMDs will apply. As a result, tax planning is critical, particularly if you’ve inherited a large 401(k) or IRA.

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Fortune Financial

JULY 5, 2022

The difference between those two values, $40, is the NUA and represents the amount applicable to capital gains tax, which is typically lower than ordinary income tax rates. When utilizing the NUA strategy, you must take a lump-sum distribution of all the assets in the employer-sponsored retirement plan account.

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Carson Wealth

JULY 7, 2022

But for essentially everyone else, it amounts to a potentially hefty RMD with a 10-year window – which can cause some less-than-ideal tax scenarios. . Thankfully, there are ways that retirement plan owners can help ease the pain. When done right, this can be a very valuable tax planning strategy. Advantages.

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