Planning, Retirement and Taxes - Financial Advisor Source

Are Tariffs a New US VAT Tax?

The Big Picture

MARCH 31, 2025

But the way this sell-off feels, and especially how sentiment measures from consumers and CFOs are running on future spending plans and CapEx plans, implies the market is fearing something wicked this way comes. tariff implementation seems to be moving towards the equivalent of a national VAT tax. In a word, the U.S.

Taxes

Taxes Economics Education Planning

A 3-Step Sales Process To Clearly Demonstrate Financial Planning Value To Prospects

Nerd's Eye View

NOVEMBER 25, 2024

Over the past decade, a growing number of advisors have expanded into offering comprehensive financial planning services, reflecting a shift that not only helps them stand out from (increasingly commoditized) portfolio management offerings but also supports clients' broader financial goals.

Financial Planning

Financial Planning Sales Planning Retirement

#FASuccess Ep 421: Integrating Tax Preparation Without Hiring In-House CPAs To Bring More Tax-Focused Value, With Daniel Friedman

Nerd's Eye View

JANUARY 21, 2025

What's unique about Daniel, though, is how his firm has expanded its tax focus to include "in-house" tax return preparation for its clients as a one-stop shop, but actually outsources the tax preparation work itself to trusted CPAs that he pays out of his own revenue (rather than bringing this service fully in-house) so that he can focus his staff (..)

Taxes

Taxes Tax Planning Financial Advisor Compensation Planning

Webinars

What Your Financial Statements Are Telling You—And How to Listen!

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

MORE WEBINARS

Firms Not Offering Tax, Retirement Planning Are Getting it Wrong

Wealth Management

OCTOBER 4, 2023

Advisors are overdelivering services such as health care, estate and business planning, while falling short in the areas their clients most desire.

Retirement Planning

Retirement Planning Planning Retirement Business Planning

Why Pre-Tax Retirement Contributions Are Better Than Roth In Peak Earning Years (Even If Tax Rates Increase)

Nerd's Eye View

SEPTEMBER 25, 2024

Over the last 60 years, the top Federal marginal tax bracket has steadily decreased from over 90% in the 1950s and 60s to 'just' 37% today. While it's true that the top marginal tax rate has decreased dramatically since the mid-20th century, the difference in the actual tax paid by most Americans has been far more modest.

Taxes

Taxes Retirement Tax Planning Accounting

Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)

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. You deserve a comfortable retirement. If you don’t plan for your own retirement who will? You need to start a retirement plan today.

Retirement Planning

Retirement Planning Retirement Planning Financial Planner

Adviser links: serving Boomers

Abnormal Returns

OCTOBER 28, 2024

artofmanliness.com) Ben Carlson talks about the state of the retirement savings market with Shawn O'Brien, Director of Retirement at Cerulli Associates. advisorperspectives.com) Does risk tolerance change in retirement? advisorperspectives.com) Advisers A plan for onboarding client service associates. signaturefd-3437664.hs-sites.com)

Risk Tolerance

Risk Tolerance Retirement Consulting Financial Planning

Weekend Reading For Financial Planners (November 30–December 1)

Nerd's Eye View

NOVEMBER 29, 2024

Also in industry news this week: While many financial advisors are paying close attention to the potential extension of sunsetting measures within the Tax Cuts and Jobs Act (TCJA) in the coming year, legislation related to retirement savings could be on Congress' agenda as well Fidelity is planning to change the default for its existing RIA non-retirement (..)

Financial Planner

Financial Planner Financial Advice Retirement Financial Advisor

#FASuccess Ep 432: Crafting “Input Deliverables” That Show Financial Planning Value To Clients Without Creating Busy-Work, With Seth Scott

Nerd's Eye View

APRIL 8, 2025

Seth is the founder of Heartwood Financial Planning, an advisory firm affiliated with PlanMember Securities Corporation that is based in Fresno, California, and oversees approximately $100 million in assets under management for 850 client households. Welcome everyone! Welcome to the 432nd episode of the Financial Advisor Success Podcast!

Financial Planning

Financial Planning Clients Planning Financial Advisor

Inflation’s Impact on Retirement, Taxes and Estate Planning

Wealth Management

JUNE 24, 2024

Six ways to help clients gain peace of mind regarding inflation.

Estate Planning

Estate Planning Retirement Taxes Planning

The Most Tax-Friendly States For Retirees: How To Compare State Income Tax Options For Retiring Clients

Nerd's Eye View

SEPTEMBER 29, 2022

As an individual begins planning for retirement, one of the factors often considered is whether (and where) they might relocate to enjoy their retirement. a state’s income tax rules can have a significant impact on where they might choose to live. When evaluating their potential options across the U.S.,

Taxes

Taxes Retirement Retirement Planning Clients

Personal finance links: a worthy goal

Abnormal Returns

NOVEMBER 6, 2024

Podcasts Christine Benz and Amy Arnott talk the state of retirement with Anne Tergensen of the WSJ. podcasts.apple.com) Taxes A year-end tax planning checklist. kindnessfp.com) How to think about taxes in early retirement. humbledollar.com) How to retire without regrets. Quit playing.

Estate Planning

Estate Planning Tax Planning Retirement Taxes

Weekend Reading For Financial Planners (March 29–30)

Nerd's Eye View

MARCH 28, 2025

Also in industry news this week: A recent survey indicates that younger "DIY" investors are more likely to be interested in working with a human advisor than their older counterparts, suggesting an opportunity for advisors to tap into this demographic (perhaps by setting minimum planning fees that ensure these clients can be served profitably today (..)

Financial Planner

Financial Planner Retirement Retirement Planning Clients

Inspired Discovery: Asking Vision Questions To Focus On Clients’ “Ideal Self”

Nerd's Eye View

APRIL 9, 2025

It's natural for advisors to begin discovery meetings by asking questions about a client's current financial situation – understanding cash flow, debt, investments, risk tolerance, or even the burning tax concern that brought them to the advisor's door in the first place is crucial for financial planning. Read More.

Clients

Clients Financial Planning Risk Tolerance Planning

Weekend Reading For Financial Planners (November 16-17, 2024)

Nerd's Eye View

NOVEMBER 15, 2024

Also in industry news this week: NASAA has proposed an amendment to its broker-dealer conduct model rule that would restrict the use of the terms “advisor” and “adviser” for broker-dealers and their registered representatives who are not also investment advisers or investment adviser representatives A recent study suggests that (..)

Financial Planner

Financial Planner Asset Allocation Taxes Tax Planning

Will my Social Security be Taxed?

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.

Taxes

Taxes Retirement Financial Planner Financial Advisor

Weekend Reading For Financial Planners (December 28–29)

Nerd's Eye View

DECEMBER 27, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that according to a recent study by DeVoe & Company, only 42% of RIAs surveyed have written succession plans and either have begun to implement them or have already done so.

Financial Planner

Financial Planner Insurance Coverage Insurance Valuation

Enhancing Client Conversations About Charitable Giving: Sample Questions, Scripts, and Tools for Better Engagement

Nerd's Eye View

NOVEMBER 27, 2024

By integrating philanthropic planning into their services, advisors can add significant value to client relationships and provide more holistic planning. And when clients are enabled to support the causes closest to them, they experience the true impact of a financial plan that aligns with their personal legacy! Read More.

Clients

Clients Education Financial Planner Planning

Planning For Changes In Client Marginal Tax Rates After TCJA’s Sunset

Nerd's Eye View

JULY 10, 2024

The Tax Cuts and Jobs Act (TCJA), passed in 2017, was one of the most extensive pieces of tax legislation to be passed in the last 30 years, touching many aspects of individual, corporate, and estate tax. elections.

Taxes

Taxes Clients Planning Numbers

How to Make Charitable Giving Part of Your Financial Plan

Carson Wealth

DECEMBER 20, 2024

Strategic charitable giving not only benefits the recipient but can also create significant tax advantages for the giver. While many people approach their financial planning with careful strategy, its easy to overlook the same level of intention when it comes to charitable giving. It just needs to be given to a qualified 501(c)(3).

Financial Planning

Financial Planning Planning Estate Planning Taxes

Tax Advice Restrictions For Financial Advisors: How To Offer Tax Planning And Remain In Compliance

Nerd's Eye View

NOVEMBER 30, 2022

Taxes are a central component of financial planning. Almost every financial planning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden.

Tax Planning

Tax Planning Compliance Taxes Financial Advisor

Save on Taxes with These 5 Year-End Financial Tips

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.

Taxes

Taxes Medical Consulting Education

Weekend Reading For Financial Planners (February 1–2)

Nerd's Eye View

JANUARY 31, 2025

Also in industry news this week: While RIA M&A deal flow hit record levels in 2024 (both in terms of volume and the speed of completing them), firm valuations saw relatively modest gains In its latest annual regulatory oversight report, FINRA joined the SEC in flagging the potential risks to firm and client data from the use of third-party vendors (..)

Financial Planner

Financial Planner Retirement Planning Compliance Valuation

Sabbatical Financial Planning: Taking Extended Time Off Without Derailing The Career Or Retirement

Nerd's Eye View

JULY 20, 2022

A sabbatical refers to a period of time in which someone takes an extended, planned break from work prior to retirement, often as an opportunity to focus on their wellbeing and/or to gain valuable perspectives of life outside of work.

Retirement

Retirement Financial Planning Planning Clients

Charitable Planning with Retirement Assets

Wealth Management

MARCH 13, 2023

Legacy IRAs and charitable remainder trusts are powerful tools to help defer or avoid certain taxes.

Charitable Planning

Charitable Planning Assets Retirement Planning

IRS Issues New Guidance on Retirement Plan Early Distributions

Wealth Management

JUNE 26, 2024

Notice 2024-55 clarifies two exceptions to the 10% additional tax.

Retirement Planning

Retirement Planning Distribution Retirement Planning

Navigating the Thrift Savings Plan: Planning Opportunities To Support Federal Employees, Military Servicemembers, And Veterans

Nerd's Eye View

FEBRUARY 8, 2023

Seasoned financial advisors have likely worked with clients with a wide variety of workplace retirement accounts, which can vary in terms of their investment offerings, fees, and other characteristics. But given that the U.S. But given that the U.S. While many features of the TSP (e.g., While many features of the TSP (e.g.,

Planning

Planning Retirement Retirement Planning Government

Adviser links: exciting plans

Abnormal Returns

SEPTEMBER 18, 2023

(wiredplanning.com) Christine Benz and Jeff Ptak talk retirement income with Kelli Hueler, CEO and founder of Hueler Companies. citywire.com) Creative Planning is getting creative to retain former United Capital advisers. riaintel.com) Selling a service, like financial planning, is different than selling a product.

Planning

Planning Financial Advice Wealth Management Math

Planning For Adoption: Understanding Different Pathways And Their Costs, Tax Breaks, And Financial Assistance Available

Nerd's Eye View

AUGUST 2, 2023

Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the process, including accessing tax credits that can significantly defray these expenses.

Taxes

Taxes Planning Financial Advisor Strategic Planning

Celebrity Estates: Celebrity Tax Planning Adventures with Jim Henson and Michael Jackson

Wealth Management

JULY 24, 2023

Charles Lubar, retired senior counsel from McDermott Will & Emery, details the complexities in dealing with tax implications of projects involving the Muppets and Michael Jackson.

Tax Planning

Tax Planning Taxes Planning Retirement

Are You Talking to Your Clients About Income-Tax Diversification?

Wealth Management

MARCH 29, 2023

Income-tax diversification should play an important role in their retirement accumulation and income strategy planning. For clients earning substantial incomes, saving and investing may not be enough.

Taxes

Taxes Clients Retirement Planning

Personal finance links: psychological benefits

Abnormal Returns

JANUARY 15, 2025

Podcasts Khe Hy talks with Christine Benz author of "How to Retire: 20 Lessons for a Happy, Successful and Wealthy Retirement." podcasts.apple.com) Retirement Retirement is a great time to do some creative tax planning. humbledollar.com) Should you take advantage of super-catch-up retirement provisions?

Retirement

Retirement Tax Planning Taxes Budgeting

Helping Nervous Clients Understand The (True) State Of The Social Security System And What It Means For Their Retirement

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

Retirement Clients Financial Planning Financial Advisor

At the Money: Meb Faber on Tax Aware ETFs

The Big Picture

DECEMBER 4, 2024

Would you like to diversify but also defer paying big capital gains taxes? Maybe it’s due to employee stock option plans. Their new ETF is coming out in December 2024: The Cambria TaxAware ETF – symbol TAX – is a solution to address just these challenges of concentrated positions. Maybe there was an IPO or a takeover.

Taxes

Taxes Portfolio Accounting Management

The Diamond Podcast for Financial Advisors: How Tax Planning Can Add Value to Clients and Your Business

Wealth Management

APRIL 3, 2025

Steven Jarvis, the founder and CEO of Retirement Tax Services, offers advice on how a CPA can help increase the growth and enterprise value of an advisors business.

Taxes

Taxes Tax Planning Financial Advisor Retirement

Offering Tax Preparation As A Solo Advisor: How To Attain Designations And Create A Schedule By Next Tax Season

Nerd's Eye View

MAY 8, 2023

Traditionally, financial advice and tax preparation have existed as 2 related, but separate, services. CPA, EA, or JD) to prepare tax returns and represent clients before the IRS, there has also been the impression that there is simply not enough time for one person to do both.

Taxes

Taxes Financial Planning Financial Advisor Clients

Can You Live Off Dividends In Retirement?

Darrow Wealth Management

FEBRUARY 9, 2025

The idea of living off dividends in retirement sounds nice, but investors often don’t realize how much money they’ll need invested to generate enough income from dividends to cover lifestyle expenses. So historically, every $1 million invested would yield annual dividend income of $19,800 on average… before tax.

Retirement

Retirement Asset Allocation Taxes Portfolio

Adviser links: after-tax returns

Abnormal Returns

AUGUST 26, 2024

(thinkadvisor.com) M&A Creative Planning is set up to do more, bigger deals going forward. investmentnews.com) Retirement savings Capitalize is helping people transfer old 401(k) accounts. investmentnews.com) Retirement savings Capitalize is helping people transfer old 401(k) accounts.

Taxes

Taxes Financial Advising Financial Advice Planning

Personal finance links: financial stress

Abnormal Returns

DECEMBER 11, 2024

(sites.libsyn.com) Peter Lazaroff on some year-end tax strategies. peterlazaroff.com) Christine Benz Ben Carlson talks with Christine Benz, author of "How to Retire: 20 lessons for a Happy, Successful, and Wealthy Retirement." budgetsaresexy.com) Taxes Tax minimizing strategies, like direct indexing, have gone mainstream.

Retirement

Retirement Financial Advice Taxes Financial Planning

Why Moving To A Lower-Tax State Doesn’t Always Result In Lower State Taxes On Deferred Income

Nerd's Eye View

MARCH 13, 2024

Most of the time, people are subject to state taxes in the states where they live and/or earn their income. So when moving to a lower-tax state or another, their income tax burden likewise shifts to the new state along with them.

Taxes

Taxes Compensation Planning Retirement Retirement Planning

Adviser links: losing focus

Abnormal Returns

NOVEMBER 11, 2024

riabiz.com) A round-up of recent financial advisortech news including Holistiplan's estate planning module. kitces.com) What it means to be a great adviser to retired clients. thinkadvisor.com) A year-end tax planning checklist. (riabiz.com) What is the target market for MAGA-centric Strive Wealth Management?

Wealth Management

Wealth Management Estate Planning Tax Planning Financial Advisor

Weekend Reading For Financial Planners (April 19–20)

Nerd's Eye View

APRIL 18, 2025

Which, according to Kitces Research on Advisor Productivity, can lead to higher productivity for advisor teams (but can require an investment in staffing and higher-end planning services to meet their complex planning needs).

Financial Planner

Financial Planner Risk Tolerance Estate Planning Clients

Personal finance links: mostly positive markets

Abnormal Returns

NOVEMBER 20, 2024

(sites.libsyn.com) Frazer Rice talks with Christine Benz author of "How to Retire" (podcasts.apple.com) Carl Richards talks money and more with journalist Kara Swisher. 50fires.com) Retirement Gray divorce can have a huge effect on your retirement. nytimes.com) Taxes in retirement only get more complicated.

Estate Planning

Estate Planning Retirement Marketing Marketing

Investing For Nonimmigrant Visa Holders: Understanding Visa Types, Investment Challenges, And Tax Implications

Nerd's Eye View

MAY 17, 2023

Like native-born workers, foreign workers need to think about saving for retirement, planning for their children’s college, managing healthcare costs, and all manner of other financial goals. For example, the tax benefits of certain accounts can sometimes work in the other direction if a non-U.S.-born

Taxes

Taxes Investing Investments Accounting

Are Tariffs a New US VAT Tax?

A 3-Step Sales Process To Clearly Demonstrate Financial Planning Value To Prospects

Webinars

Trending Sources

#FASuccess Ep 421: Integrating Tax Preparation Without Hiring In-House CPAs To Bring More Tax-Focused Value, With Daniel Friedman

Webinars

Firms Not Offering Tax, Retirement Planning Are Getting it Wrong

Why Pre-Tax Retirement Contributions Are Better Than Roth In Peak Earning Years (Even If Tax Rates Increase)

Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)

Adviser links: serving Boomers

Weekend Reading For Financial Planners (November 30–December 1)

#FASuccess Ep 432: Crafting “Input Deliverables” That Show Financial Planning Value To Clients Without Creating Busy-Work, With Seth Scott

Inflation’s Impact on Retirement, Taxes and Estate Planning

The Most Tax-Friendly States For Retirees: How To Compare State Income Tax Options For Retiring Clients

Personal finance links: a worthy goal

Weekend Reading For Financial Planners (March 29–30)

Inspired Discovery: Asking Vision Questions To Focus On Clients’ “Ideal Self”

Weekend Reading For Financial Planners (November 16-17, 2024)

Will my Social Security be Taxed?

Weekend Reading For Financial Planners (December 28–29)

Enhancing Client Conversations About Charitable Giving: Sample Questions, Scripts, and Tools for Better Engagement

Planning For Changes In Client Marginal Tax Rates After TCJA’s Sunset

How to Make Charitable Giving Part of Your Financial Plan

Tax Advice Restrictions For Financial Advisors: How To Offer Tax Planning And Remain In Compliance

Save on Taxes with These 5 Year-End Financial Tips

Weekend Reading For Financial Planners (February 1–2)

Sabbatical Financial Planning: Taking Extended Time Off Without Derailing The Career Or Retirement

Charitable Planning with Retirement Assets

IRS Issues New Guidance on Retirement Plan Early Distributions

Navigating the Thrift Savings Plan: Planning Opportunities To Support Federal Employees, Military Servicemembers, And Veterans

Adviser links: exciting plans

Planning For Adoption: Understanding Different Pathways And Their Costs, Tax Breaks, And Financial Assistance Available

Celebrity Estates: Celebrity Tax Planning Adventures with Jim Henson and Michael Jackson

Are You Talking to Your Clients About Income-Tax Diversification?

Personal finance links: psychological benefits

Helping Nervous Clients Understand The (True) State Of The Social Security System And What It Means For Their Retirement

At the Money: Meb Faber on Tax Aware ETFs

The Diamond Podcast for Financial Advisors: How Tax Planning Can Add Value to Clients and Your Business

Offering Tax Preparation As A Solo Advisor: How To Attain Designations And Create A Schedule By Next Tax Season

Can You Live Off Dividends In Retirement?

Adviser links: after-tax returns

Personal finance links: financial stress

Why Moving To A Lower-Tax State Doesn’t Always Result In Lower State Taxes On Deferred Income

Adviser links: losing focus

Weekend Reading For Financial Planners (April 19–20)

Personal finance links: mostly positive markets

Investing For Nonimmigrant Visa Holders: Understanding Visa Types, Investment Challenges, And Tax Implications

Stay Connected