The Chicago Financial Planner

FEBRUARY 8, 2023

You’ve paid Social Security taxes over the course of your working life and you’ve earned these benefits. Many retirees and others collecting Social Security wonder about the tax treatment of their benefit. The answer to the question in the title is that your Social Security benefits may be subject to taxes.

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Taxes Retirement Financial Planner Financial Advisor 291

Nerd's Eye View

NOVEMBER 21, 2022

However, by creating a systematic annual process to monitor and update client plans based on seasons, not only can advisors save time and work more efficiently, but they can also communicate the value of ongoing financial planning services to prospects and clients more effectively.

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Financial Planning Planning Estate Planning Clients 198

WiserAdvisor

OCTOBER 11, 2022

Most people start financial planning with the goal of growing their finances through savings and investments. But financial planning is not limited to increasing your wealth alone. Tax planning is essential. Tax is charged on every penny you earn. What impact do taxes have on your financial planning?

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Financial Planning Accounting Taxes Planning 80

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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Financial Planning Planning Retirement Insurance Coverage 93

Nerd's Eye View

NOVEMBER 5, 2024

In this episode, we talk in-depth about how Emily’s firm created a custom workbook that asks clients to explore their goals and values, on topics ranging from education and travel, to whether they expect to need follow-up from their advisor regarding their follow-through on action items, allowing their advisor to get permission to give nudges (..)

Financial Planning 130

Financial Planning Accounting Clients Planning 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. Tax Deductions .

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Financial Planning Taxes Planning Certified Financial Planner 52

MainStreet Financial Planning

NOVEMBER 8, 2024

As December unfolds, it’s easy to overlook year-end tax planning amid the holiday hustle. However, dedicating a few moments now can lead to significant savings come tax season. To help you retain more of your hard-earned money and reduce your tax liability, consider these five strategic moves before the year concludes.

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Taxes Medical Education Consulting 83

Yardley Wealth Management

MARCH 1, 2022

The post Part 3: Tax-Wise Financial Planning appeared first on Yardley Wealth Management, LLC. 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. Life happens.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Yardley Wealth Management

MARCH 1, 2022

The post Part 3: Tax-Wise Financial Planning appeared first on Yardley Wealth Management, LLC. 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. . Life happens.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Discipline Funds

DECEMBER 20, 2023

The end of the year is an ideal time to start planning for the year ahead and make sure you’re on target to achieve those goals. Good financial planning is all about asset and liability matching across time. A financial plan with an asset liability mismatch is likely to fail over time.

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Financial Planning Planning Asset Allocation Retirement Planning 75

Darrow Wealth Management

MARCH 31, 2023

There are many financial planning considerations before, during, and after a divorce. A key part of the process from a financial standpoint is dividing the assets. But that doesn’t mean the actual assets are just split down the middle, and some assets are much more favorable from a tax perspective than others.

Financial Planning 84

Financial Planning Planning Estate Planning Taxes 84

Wealth Management

JULY 23, 2024

Helium founder and partner Howard Morin explains the benefits of bridging financial planning with deep tax expertise.

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Taxes Financial Planning Planning 128

MainStreet Financial Planning

MARCH 14, 2024

As April 15th approaches, taxpayers across the country are gearing up to fulfill their annual obligation – filing taxes. Whether you’ve already submitted your returns or are yet to tackle the paperwork, now is the perfect time for a tax check-up. Other Resources Should I do my own taxes?

Taxes 75

Taxes Retirement Planning Healthcare Retirement 75

Abnormal Returns

JULY 18, 2022

wealthmanagement.com) Taxes Tax loss harvesting isn't always optimal: some cases to keep in mind. blog.xyplanningnetwork.com) Advisers The story of how Elliott Appel of Kindness Financial Planning became an adviser. kitces.com) Why one adviser uses age 100 as a planning tool. barrons.com).

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Taxes Retirement Planning Financial Planning Retirement 130

Nerd's Eye View

SEPTEMBER 7, 2022

Tax-loss harvesting – i.e., selling investments at a loss to capture a tax deduction while re-investing the proceeds to maintain market exposure – is a popular strategy for financial advisors to increase their clients’ after-tax investment returns. With these three tools (i.e.,

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Taxes Clients Tax Planning Sales 215

MainStreet Financial Planning

OCTOBER 3, 2023

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 10-17-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting Free for current clients, $10 for guests Register Here! It seems like everyone is getting into real estate investing these days!

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Taxes Investing Investments CFP 92

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).

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Clients Financial Advice Financial Planning Financial Advisor 246

Nerd's Eye View

OCTOBER 2, 2024

In this environment, financial advisors have the opportunity to add value for their clients not only by giving a clear explanation about the current status of Social Security and the potential legislative changes that could improve its solvency, but also by modeling what (realistic) changes would mean for their clients' financial plans.

Retirement 246

Retirement Clients Financial Planning Taxes 246

Clever Girl Finance

MARCH 19, 2024

No one cares more about your financial well-being than you, so having a personal financial plan is important. Knowing how to make a financial plan will allow you to save money, afford the things you want, and achieve long-term goals like saving for college and retirement. Table of contents What is a financial plan?

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Financial Planning Planning Budgeting Retirement 74

WiserAdvisor

OCTOBER 31, 2023

Creating a financial plan is the first step toward achieving financial freedom. Financial plans are essential for setting your financial goals in motion. Not every financial plan stands the test of time, and multiple options can often lead you astray.

Financial Planning 59

Financial Planning Planning Retirement Medical 59

NAIFA Advisor Today

OCTOBER 25, 2024

A change in presidential administrations often brings changes that can significantly impact tax and estate planning. As we approach the sunset or possible extension of the Tax Cuts and Jobs Act (TCJA), financial professionals must prepare for what may be a new era of tax policy.

Estate Planning 52

Estate Planning Taxes Planning Financial Planning 52

eMoney Advisor

MARCH 1, 2023

As financial planners, we need to build an inclusive environment where women have the confidence to use their voice in financial conversations, can discuss finances with people they relate to, and have their unique concerns addressed. It is not meant to be, and should not be taken as financial, legal, tax or other professional advice.

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Financial Planning Planning CFP Financial Planner 100

Talon Wealth

OCTOBER 28, 2024

Did you know that Trump’s tax cuts might expire in 2025? First introduced in 2017, Trump’s tax credits have impacted various tax brackets, standard deductions, and estate taxes. With the future of these tax policies uncertain, it’s vital to stay informed and prepared. appeared first on Talon Wealth.

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Taxes Retirement Financial Planning Portfolio 40

Steve Sanduski

SEPTEMBER 17, 2024

Guest: Megan Gorman, Founder and Managing Partner of Chequers Financial Management , a female-owned, high-net-worth tax and financial planning firm based in San Francisco. Common financial issues that high-net-worth individuals face and how Megan created a “one-stop shop” to meet her client’s needs.

Financial Planning 52

Financial Planning Taxes Clients Planning 52

Ballast Advisors

OCTOBER 6, 2023

Claim the Home Energy Audit Tax Credit: IRS Guidance Explained 7 Tips to Navigate Healthcare Over 65 What’s Happening in the World of Higher Education? 2022 Key Numbers Plan Your Finances as You Would Your Exercise 2021 Year-End Tax Tips 1 2 3 Next »

Financial Planning 52

Financial Planning Planning Financial Planner Healthcare 52

WiserAdvisor

NOVEMBER 4, 2022

In addition to this, you can save more and plan for more significant purchases with greater ease. The tax liabilities for married couples filing their taxes jointly will differ from single individuals and those filing individually. Is financial planning for dual-income families different from others?

Financial Planning 93

Financial Planning Planning Taxes Financial Advisor 93

eMoney Advisor

JANUARY 12, 2023

We’ve gathered seven unique volunteer opportunities for financial professionals, including pro bono financial planning. A 2021 study measured the impact pro bono financial planning can have on cancer patients. Foundation for Financial Planning. Website: irs.gov/individuals/irs-tax-volunteers.

Financial Planning 107

Financial Planning Planning Financial Planner CFP 107

Clever Girl Finance

DECEMBER 1, 2022

No one cares about your financial well-being more than you, so it's important to have a financial plan for yourself. Knowing how to make a financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement. What is a financial plan?

Financial Planning 105

Financial Planning Planning Budgeting Insurance 105

MazumaBusinessAccounting

JULY 7, 2021

Financial planning is essential for anyone who wants to achieve financial independence. The goal of financial planning is to help you reach your financial goals, whether that be retiring by a certain age or having the money to open a new business. Establish personal & business financial goals.

Financial Planning 98

Financial Planning Planning Financial Planner Certified Financial Planner 98

Integrity Financial Planning

JUNE 12, 2023

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023.

Taxes 92

Taxes Retirement Financial Planning Consulting 92

Integrity Financial Planning

JULY 17, 2023

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. There are also Roth 401(k)s that have a similar tax treatment but are subject to some different rules.

Retirement 97

Retirement Taxes Retirement Planning Accounting 97

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

Abnormal Returns

NOVEMBER 6, 2024

podcasts.apple.com) Taxes A year-end tax planning checklist. kindnessfp.com) How to think about taxes in early retirement. greatergood.berkeley.edu) The laws of financial health are pretty simple. marknewfield.substack.com) How to look for holes in your financial plan.

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Estate Planning Tax Planning Retirement Taxes 170

Abnormal Returns

OCTOBER 28, 2024

(advisorperspectives.com) Advisers A plan for onboarding client service associates. kitces.com) Tax-loss harvesting is going long-short. advisorperspectives.com) Financial planning CAN change lives. bloomberg.com) How should consumers think about the cost of an adviser? kitces.com) How long-term care insurance went away.

Risk Tolerance 273

Risk Tolerance Retirement Financial Planning Consulting 273

Nerd's Eye View

AUGUST 9, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey indicates that clients of financial advisors are more confident than others about their financial preparedness for retirement and are more likely to have a financial plan in place that can weather the ups (..)

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Financial Planner Taxes Financial Planning Estate Planning 234

Your Richest Life

FEBRUARY 27, 2023

Whether you’re preparing to file , waiting on a refund , or have already paid your tax bill, you might notice some differences this year. First of all, many taxpayers are noticing smaller refunds or higher tax bills this year than in the previous two years. This credit is up to $7,500, and is set to expire in 2032 unless renewed.

Taxes 105

Taxes Fee Only CFP Financial Planning 105

eMoney Advisor

NOVEMBER 7, 2022

Adjusting to a New Tax Situation. Taxes in life are certain, however, tax legislation does change and could influence future rates. There are tax advantages—and disadvantages—clients must be aware of later in life. For instance, retirees can end up in a higher tax bracket than they expected.

Financial Planning 107

Financial Planning Retirement Planning Clients 107