Nerd's Eye View

DECEMBER 27, 2024

Also in industry news this week: According to a recent survey, advisors are putting an increasing share of client assets into model portfolios, allowing for customization and time savings that advisors appear to be using to provide more comprehensive planning services RIA M&A deal volume saw an annual record in 2024 as a lower cost of capital, (..)

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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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Nerd's Eye View

NOVEMBER 29, 2024

Which could prove to be a boon for the financial advice industry as more consumers are willing to entrust their assets to an advisor (while at the same time possibly making it tougher for some advisors to differentiate themselves primarily by how they put their clients' interests first?).

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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 (..)

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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

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Nerd's Eye View

APRIL 8, 2025

What's unique about Seth, though, is how he has created what he calls an "input deliverable" that allows him to demonstrate value more tangibly to his ideal prospects by helping them solve a key tax planning pain point… but without the time-consuming busywork of having to create a separate output for each individual client household.

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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. Read More.

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Taxes Planning Financial Advisor Strategic Planning 246

Wealth Management

FEBRUARY 21, 2024

The intellectual case for getting rid of tax-advantaged retirement plans is strong, and the political case is catching up.

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Retirement Planning Retirement Taxes Planning 272

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.

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Taxes Compensation Planning Retirement Retirement Planning 189

Getting Your Financial Ducks In A Row

APRIL 3, 2023

We’ve covered a lot of ground with regard to how various tax laws impact your retirement plans: pensions, IRAs, 403(b) and 401(k) plans. But we’ve primarily focused on the US income tax laws (the IRS) affect your plans – and there are many nuances that you need to take into account with regard to state tax laws.

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Retirement Planning Retirement Planning Taxes 113

Carson Wealth

MARCH 28, 2024

Retirement planning is a journey that generally takes decades to complete and most of us start out along the do-it-yourself path. More than likely, your first step was to enroll in an employer-provided plan such as a 401(k) or setting up an individual retirement account, also known as an IRA.

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Retirement Planning Retirement Planning Taxes 142

Darrow Wealth Management

SEPTEMBER 19, 2024

Unlike most types of retirement plans, the SEP IRA is funded by the employer. Here’s more on what a SEP IRA is, tax benefits, contribution limits, and important deadlines. The SEP IRA is a straightforward and cost-effective way for small business owners to save for retirement. What is a SEP IRA?

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Retirement Planning Retirement Taxes Planning 97

Abnormal Returns

FEBRUARY 24, 2025

thinkadvisor.com) Cutting IRS workers is going to make life more difficult for tax preparers (and payers). advisorperspectives.com) Retirement planning models are just uncertainty piled on uncertainty. (citywire.com) How Jacob Turner turned a professional baseball career into a wealth management business. crr.bc.edu)

Wealth Management 144

Wealth Management Retirement Planning Financial Advice Clients 144

A Wealth of Common Sense

FEBRUARY 6, 2025

Bill Sweet joined me on the show this week to discuss questions about the tax benefits of owning rental properties, the tax implications of an inheritance, retirement planning for military service members and how tariffs work. Further Reading: The U.S. Housing Market vs. The Canadian Housing Market The post The U.S.

Marketing 112

Marketing Marketing Retirement Planning Taxes 112

Harness Wealth

APRIL 17, 2025

Tax deductions can save you thousands annually by reducing your taxable income through legitimate business expenses. Understanding these deductions is more critical than ever as tax laws evolve, presenting new opportunities for savings. Understanding this distinction is crucial for maximizing your tax benefits effectively.

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Taxes Tax Planning Professional Services Planning 52

Abnormal Returns

JANUARY 15, 2024

citywire.com) Taxes There simply aren't enough tax preparers to go around. obliviousinvestor.com) It's hard to say you are a holistic financial adviser without tax management. thinkadvisor.com) Retirement Baby Boomers were supposed to retire in penury. (riabiz.com) Avise is a cooperative platform for advisers.

Financial Planner 273

Financial Planner Wealth Management Retirement Planning Financial Advising 273

Harness Wealth

APRIL 16, 2025

Let us face ittech startups encounter a unique set of tax challenges that can make or break their financial future. The complex interplay between traditional tax regulations and the innovative nature of tech businesses demands smart planning from day one.

Startup 52

Startup Taxes Tax Planning Transportation 52

Abnormal Returns

APRIL 10, 2024

(humbledollar.com) The golden rules of retirement travel including 'Don’t overschedule.' cntraveller.com) How Social Security fits within your retirement plan. bestinterest.blog) Taxes How retirees can (legally) reduce their tax bills. humbledollar.com) Don't take tax advice from TikTok.

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Estate Planning Retirement Planning Retirement Taxes 259

Abnormal Returns

FEBRUARY 28, 2024

(morningstar.com) Rick Ferri talks all things taxes with Kaye Thoma of Fairmark.com (bogleheads.podbean.com) Housing What's the bear case for housing prices? wsj.com) Retirement How rising interest rates affect retirement planning. morningstar.com) An over-reliance on traditional IRA can be a tax problem in retirement.

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Retirement Planning Retirement Financial Planning Taxes 284

Nerd's Eye View

JANUARY 26, 2024

The survey also suggests that a firm's tech stack can affect its ability to attract and retain clients, with 93% of advisors who said they work with state-of-the-art technology reporting that they have added new clients as a result of another firm's bad technology, and 58% of all advisors surveyed reporting they had lost new business due to bad technology. (..)

Financial Planner 246

Financial Planner Retirement Planning Financial Advisor Retirement 246

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 116

Financial Planning Planning Estate Planning Taxes 116

Abnormal Returns

NOVEMBER 6, 2023

(citywire.com) Creative Planning is expanding its reach in the retirement plan space. papers.ssrn.com) Taxes A 2023 year-end tax planning guide. citywire.com) Choreo is buying the wealth management business of BDO USA. investmentnews.com) M&A The RIA model continues to take share.

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Wealth Management Retirement Planning Tax Planning Financial Advisor 261

Abnormal Returns

JULY 18, 2022

(standarddeviationspod.com) A talk with Tony and Dina Isola about the awful situation facing teachers saving for retirement. ngpf.org) Christine Benz and Jeff Ptak talk with Justin Fitzpatrick who is the co-founder and chief innovation officer at Income Lab, which provides retirement planning software.

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Taxes Retirement Planning Financial Planning Retirement 130

Abnormal Returns

FEBRUARY 21, 2024

Rowe Price about non-financial considerations in retirement. morningstar.com) People work in retirement for any number of reasons. wsj.com) Dan Haylett talks retirement planning with Bec Wilson, author of "How to Have an Epic Retirement." (humbledollar.com) Christine Benz and Amy Arnott talk with Roger Young of T.

Retirement 270

Retirement Retirement Planning Portfolio Management Financial Advisor 270

Harness Wealth

MARCH 7, 2025

This weeks Tax Advisor news roundup covers key updates for financial professionals. Last but not least, we have a rundown of the IRSs ‘Dirty Dozen’ tax scams for 2025. Wealth Taxes in Europe, 2025 ( Cristina Enache , Tax Foundation) Net wealth taxes are recurrent taxes on an individuals wealth, net of debt.

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Taxes Retirement Financial Advisor Retirement Planning 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.

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Taxes Accounting Clients Retirement Planning 246

Abnormal Returns

MARCH 15, 2023

wsj.com) Retirement Retirement planning is a moving target. humbledollar.com) Retirement is, in part, about declaring career victory. kindnessfp.com) When does it make sense to get help with your taxes? (thisisthetop.substack.com) Consumers are piling into CDs.

Retirement Planning 246

Retirement Planning Retirement Financial Services Financial Advisor 246

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

Nerd's Eye View

OCTOBER 1, 2022

A new bill would make many parts of the Tax Cuts and Jobs Act of 2017 permanent, including its changes to tax brackets, the higher standard deduction, and the cap on state and local tax deductions. What advisory firms can do to make the most out of client testimonials and avoid negative reviews on third-party websites.

Financial Planner 245

Financial Planner Retirement Planning Advertising Taxes 245

Financial Symmetry

APRIL 9, 2025

Tax planning might not top everyone’s list of leisure activities, but in the middle of tax season, theres a hidden opportunity. In this episode, we talk about five strategies you can use during tax season to create opportunities to help you reach your financial goals.

Taxes 60

Taxes Tax Planning Retirement Planning 60

Darrow Wealth Management

APRIL 21, 2025

While a Roth conversion may never make sense for some individuals, for others, early retirement years may be the best time to convert pre-tax accounts to tax-free Roth. Your current and projected future tax rate is often a main component of the decision, but there are other considerations and benefits as well.

Retirement 54

Retirement Retirement Planning Taxes Accounting 54

Nerd's Eye View

FEBRUARY 8, 2023

For instance, because income earned while deployed in a combat zone is tax-free, any pre-tax TSP contributions can result in a commingling of tax-free combat pay and taxable earnings (though this can be prevented by making Roth contributions during periods where income is untaxed).

Planning 246

Planning Retirement Retirement Planning Government 246

Abnormal Returns

APRIL 1, 2024

(youtube.com) Christine Benz and Amy Arnott talk with Peter Mallouk, President and CEO of Creative Planning, about the 'messy' business of financial advice. morningstar.com) Thomas Kopelman and Jacob Turner talk with Ankur Nagpal about tax considerations when selling a business.

Wealth Management 255

Wealth Management Math Retirement Retirement Planning 255

Talon Wealth

NOVEMBER 12, 2024

Even though retirees have contributed throughout their careers, a portion of those benefits could still be taxed, depending on your total income. Here’s how it breaks down for 2023-2024: If a couple’s total retirement income is between $32,000 and $44,000, up to 50% of Social Security benefits could be taxable.

Taxes 52

Taxes Planning Retirement Planning Tax Planning 52

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

Abnormal Returns

DECEMBER 14, 2022

Podcasts Christine Benz and Jeff Ptak talks with Jamie Hopkins of Carson Wealth about some common retirement planning questions. peterlazaroff.com) Dan Kemp and Ollie Smith talk with Joe Wiggins author of the new book "The Intelligent Fund Investor." (ft.com) Who really benefits from 529 plans?

Investing 245

Investing Investments Retirement Planning Banking 245

Nerd's Eye View

MARCH 24, 2023

Also in industry news this week: Top Democratic Senators are urging the Treasury Department to crack down on a range of estate planning strategies for high-net-worth individuals, including GRATs and IDGTs Amid fallout from recent bank failures, both Republicans and Democrats are considering whether current FDIC insurance limits should be increased (..)

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