Ballast Advisors

NOVEMBER 21, 2022

What are appropriate checklists for year-end tax planning? Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Certain tax benefits may be available if you can claim an individual as a dependent. Family tax planning. Employee matters.

Tax Planning 52

Tax Planning Taxes Planning Retirement Planning 52

Tobias Financial

AUGUST 27, 2024

Significant changes are on the horizon with the upcoming sunset of the Tax Cuts and Jobs Act (TCJA) at the end of 2025. The anticipated sunset of some important provisions presents a great opportunity to start discussing steps we can take to prepare. Income Tax Changes Understand the specific changes in income tax rates and deductions.

Taxes 52

Taxes Tax Planning CFP Planning 52

Harness Wealth

SEPTEMBER 18, 2024

These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions. And you’ll see in our Q&A below, that tax advisors can bring estate planning into the conversation early on in a client relationship.

Taxes 52

Taxes Clients Planning Estate Planning 52

Harness Wealth

OCTOBER 8, 2024

Key Takeaways: The Harness Marketplace allows your tax firm to be paired with high-value tax clients whose unique needs align with your expertise. The Harness Marketplace attracts employees, founders, and investors in tech, healthcare, management consulting, and other high-earning industries who need help managing complex tax needs.

Taxes 52

Taxes Clients Tax Planning Healthcare 52

Tobias Financial

JULY 5, 2024

In a recent CNBC article, our Wealth Advisor, Catalina Franco-Cicero, MS, CFP®, CTS , was quoted on the topic of tax strategies during periods of unemployment. However, a period of lower income in 2024 could present valuable tax planning opportunities.

Taxes 52

Taxes Tax Planning Wealth Advisor CFP 52

Nerd's Eye View

NOVEMBER 1, 2023

There are many tax planning strategies that allow financial advisors to demonstrate the ongoing value they provide to clients in exchange for the fees they charge. Advisors also can support the backdoor Roth process by communicating with clients' tax preparers about the strategy and why they are recommending it for their mutual client.

Taxes 245

Taxes Accounting Clients Retirement Planning 245

James Hendries

SEPTEMBER 20, 2022

Income shifting (also known as income splitting) may be defined as dividing income in a way that lowers overall taxes. When using these methods to shift income to a child, it’s always important to bear in mind the kiddie tax. Timing the receipt of your income can also help you lower your taxes.

Tax Planning 52

Tax Planning Taxes Planning Accounting 52

Nerd's Eye View

JANUARY 8, 2024

is the projected future direction of medical care, where, instead of taking a reactive approach to disease and illness, healthcare practitioners instead invest more energy focusing on preventing illness and maintaining good health in the first place through more personalized plans for patients. Specifically, Financial Advice 3.0

Financial Advice 202

Financial Advice Medicine Financial Planning Estate Planning 202

Harness Wealth

OCTOBER 16, 2024

We recently connected with Michael Paley, Chief Operating Officer of Klingman & Associates , for a Q&A on how tax advisors can collaborate with wealth managers to better serve clients. Q: How can tax advisors align with the work of wealth advisors? Unlike an endowment, taxes really matter.

Wealth Management 52

Wealth Management Taxes Clients Management 52

Nerd's Eye View

OCTOBER 28, 2024

As a result, I am often asked for my own suggestions of what, really, are the industry's 'best' conferences to attend, and back in 2012, I started to craft my own annual list of 'best-in-class' top conferences for financial advisors.

Financial Advisor 130

Financial Advisor Tax Planning Financial Planning Planning 130

Harness Wealth

OCTOBER 5, 2023

From quarterly estimated tax planning to equity compensation and crypto tax planning, diversifying your service offerings can not only set you apart from the competition, it can also help you significantly grow your revenue and retain clients.

Taxes 59

Taxes Tax Planning Accounting Clients 59

Harness Wealth

JULY 29, 2024

In this guest post, Harness Tax Advisory Council member, Griffin Bridgers, J.D., covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. No Step-Up in Basis for Grantor Trust Assets Grantor trusts serve as an effective tool in estate planning.

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59

Ballast Advisors

SEPTEMBER 5, 2024

Navigating the complexities of estate planning can often feel like charting through uncharted waters, especially when it comes to handling assets, taxes, and ensuring one’s legacy is preserved according to their wishes. However, there are nuances to consider.

Estate Planning 40

Estate Planning Taxes Planning Tax Planning 40

Fortune Financial

JULY 28, 2022

When you are presented with the option to distribute your assets, you will have the choice to roll them into an IRA or place the stock into a taxable account and then roll the remaining assets into an IRA or 401(k). However, the tax deferral benefit comes at a cost tradeoff. Watch to Learn More About General Rules Surrounding NUA.

Taxes 98

Taxes Planning Retirement Planning Distribution 98

Harness Wealth

JUNE 5, 2024

“Until I found Harness, starting my own tax practice wasn’t an option that I was seriously considering.” Due to Mr. Maddox’s relationship with Harness as a tax adviser on the platform, material conflicts of interest may arise. Maddox’s relationship with Harness as a tax adviser on the platform, material conflicts of interest may arise.

Taxes 64

Taxes Clients Planning Tax Planning 64

WiserAdvisor

OCTOBER 11, 2022

While these can be avoided, there is another cash outflow that can considerably lower your savings and returns and is also hard to avoid – tax. Tax planning is essential. Tax is charged on every penny you earn. Tax evasion is a crime, and missing tax payments can lead to legal hassles that can be hard to get out of.

Financial Planning 80

Financial Planning Accounting Taxes Planning 80

Nerd's Eye View

FEBRUARY 19, 2024

Finally, the annual T3/Inside Information Software Survey, which assesses the software programs used by financial advisors, found that tax planning tools are on the rise – with adoption rates jumping from 30% to 43%.

Financial Advice 196

Financial Advice Consulting Engineering Financial Advisor 196

Indigo Marketing Agency

FEBRUARY 2, 2023

For instance, the Heath Walters Institute offers on-demand tax planning and support for financial advisors who want to better serve their high-net-worth clientele.

Marketing 81

Marketing Marketing Financial Advisor Clients 81

Fortune Financial

JULY 5, 2022

One major thing to consider when doing so is the tax bill that may come along with it. The good news is you may be able to take advantage of a little-known tax break called net unrealized appreciation (NUA) — if you qualify. . What Is NUA? You originally paid $10 per share but they are now valued at $50 per share. Reaching age 59 -1/2.

Taxes 52

Taxes Distribution Retirement Planning Retirement 52

Nationwide Financial

JANUARY 25, 2023

The start of a new year presents opportunities for clients to make positive changes for their financial futures. According to a recent Advisor Authority survey, powered by the Nationwide Retirement Institute®, only 20% of non-retired investors have confidence in their retirement plans despite market volatility.

Risk Tolerance 102

Risk Tolerance Retirement Planning Asset Allocation Retirement 102

WiserAdvisor

JULY 18, 2023

The Roth IRA can be a reliable and tax-efficient way to save for your future. A Roth IRA can provide you with tax-free growth, flexible contributions, and many investment options. Retirement planning accounts like the Roth and Traditional IRAs are among two of the most commonly used instruments for retirement savings.

Taxes 52

Taxes Retirement Distribution Retirement Planning 52

Zoe Financial

DECEMBER 5, 2023

Financial planning, estate planning, tax planning, etc, rather than just picking stocks like in the old days. Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances.

Wealth Management 52

Wealth Management Management Financial Planning Taxes 52

Robert B. Ritter Jr.

MAY 30, 2022

(Click here for Blog Archive)(Click here for Blog Index) (Presentations in this Blog were created using the Loan-Based Split-dollar System and Wealthy and Wise®) Blog #221 follows up on Blog #220, which described coupling Premium Financing with Wealthy and Wise® to produce a powerful wealth planning concept called “Zero Estate Tax.”

Taxes 40

Taxes Financial Services Planning Certified Financial Planner 40

Darrow Wealth Management

JANUARY 9, 2023

was signed into law December 29th, 2022, bringing more major changes to tax law. 529 plan to Roth IRA rollovers. The individual must be the designated beneficiary of the 529 plan and move funds to a Roth IRA in their name. Amount rolled over is tax-free (not included in beneficiary’s income) and penalty-free.

Accounting 59

Accounting Taxes Tax Planning Distribution 59

Zoe Financial

JANUARY 17, 2024

The second headline was Edelman Financial engines closed down their tax prep services (separate/different from their tax planning services). But they did close tax prep. And this is just a reality, which is tax implementation is time-consuming and it’s often offered because clients want more for that 1%.

Wealth Management 52

Wealth Management Management Taxes Asset Allocation 52

Sara Grillo

JUNE 7, 2024

Are you ready to present yourself to them? Wear a suit and present yourself conservatively. “I want to upgrade my client base and work with ultra high net worth individuals and Family Office clients. How do I meet them?” ” Whoa, let’s press pause for a second. These are some of the richest families in the world.

Financial Advisor 52

Financial Advisor Clients Executive Compensation Compliance 52

Robert B. Ritter Jr.

MARCH 28, 2022

(Click here for Blog Archive)(Click here for Blog Index) (Presentations in this Blog were created using the InsMark Loan-Based Split Dollar System) Editor’s Note: This blog presents a sizzling loan-based split-dollar plan. This executive benefit will be difficult to justify if interest rates increase considerably.

Recruitment 40

Recruitment Taxes Financial Services Planning 40

Sara Grillo

MARCH 22, 2024

Alabama Chad Holmes [link] Flat-fee comprehensive financial planner helping baby boomers and their parents proactively minimize taxes between the two generations. Arkansas Jacob George [link] Flat-fee financial planning for Christian families wanting to make an eternal impact! I also provide one-time retirement plans for DIY investors.

Financial Planning 52

Financial Planning Fee Only Financial Planner Financial Advisor 52

WiserAdvisor

JANUARY 5, 2024

Furthermore, real estate investing for high-income earners can also offer tax benefits. Deductions for mortgage interest, property taxes, and depreciation can significantly mitigate their tax liabilities and enhance the appeal of real estate as an investment avenue.

Investing 59

Investing Investments Wealth Accumulation Tax Planning 59

James Hendries

JANUARY 8, 2023

If you’re focused on financial wellness, you’re also working on your long-term goals, and as a result, you are likely to enjoy both your present and your future more. The information provided is not intended to be a substitute for specific individualized tax planning or legal advice.

Consulting 98

Consulting Tax Planning Accounting Medical 98

International College of Financial Planning

MAY 1, 2023

Consider contributing to a retirement account like a 401(k) or IRA to take advantage of tax benefits and compound interest. Investing is another critical component of financial planning, as it allows your money to grow over time. Conclusion The benefits of starting financial planning early in one’s career cannot be overstated.

Financial Planning 52

Financial Planning Planning Financial Planner Budgeting 52

WiserAdvisor

FEBRUARY 29, 2024

They help you optimize tax planning Tax planning is an important aspect of financial planning that can significantly impact your long-term wealth accumulation. It helps you strategically minimize the amount you pay in taxes and maximize your investment returns to preserve more of your hard-earned money.

Financial Advisor 59

Financial Advisor Retirement Asset Allocation Risk Tolerance 59

Harness Wealth

OCTOBER 23, 2023

Key Takeaways: Accounting advisory services extend beyond traditional tax preparation to offer strategic financial guidance. Specialized areas can include estate planning and tax-efficient investment strategies. Table of Contents What Are Accounting Advisory Services?

Accounting 52

Accounting Taxes Strategic Planning Estate Planning 52

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. Growth is where she begins designing her new life and starts exploring the possibilities.

Charitable Planning 81

Charitable Planning Estate Planning Retirement Planning Tax Planning 81

International College of Financial Planning

JANUARY 18, 2023

He is a BFSI Industry Veteran with over 30 Years of Experience across various functions Financial planning is, in the words of renowned author Alan Lakein, “Bringing the future into the present so that you may do something about it now.” It also guides on building a client base and becoming a successful financial planner.

Certified Financial Planner 52

Certified Financial Planner Financial Planner Certification CFP 52

Harness Wealth

MARCH 9, 2023

Each type of equity has its own tax implications, which we’ll explain below: ISOs and NSOs If you have ISOs or NSOs, exercising your options before the IPO date can provide many tax benefits. Another consideration is that exercising your options will come with capital gains taxes.

Planning 52

Planning Taxes Advertising Tax Planning 52

Brown Advisory

NOVEMBER 5, 2021

It is tempting to contrast the good with the uncertainty surrounding us– the continuing pandemic, challenges to our relationship with China, supply chain disruption, fears of inflation and potential tax legislation. Consistent with our firm’s investment philosophy, we take the long view in planning – thinking in decades, not days.

Planning 52

Planning Tax Planning Taxes Clients 52