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Many companies will need guidance on implementing AI into their business, so if you have some experience with artificial intelligence, then starting an AI consulting business could be worth exploring. Many small business owners also overlook the finer points of managing taxes and accounting.
Breathe Easier Next Tax Season with These Planning Strategies Every year, most of us smile when we see April 15th in the rearview mirror. The completion of our tax returns being filed marks the beginning of a nine month period where we don’t need to think about funny acronyms and form numbers.
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.
In this blog post, we will explore the taxation of stock options and provide an overview of how it works. When an employee is granted stock options, they are not immediately taxed on the value of those options. In addition to federal taxes, stock options may also be subject to state and local taxes.
This protects your personal assets and can offer some tax advantages. It may be worth consulting with a financial advisor to plan for your business's future. If you have a drop-shipping company, can you hire someone else to manage the blog or write your emails? You might want to consider getting a business credit card , too.
For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I am an irreverent and fun marketing consultant for financial advisors. Scott and I discuss this in pod/blog on the topic, entitled, “ Direct indexing suck s.” So please subscribe!
Could you be making the following blogging mistakes? But having worked in this industry for quite some time, I’ve come to realize some common blogging mistakes advisors make when creating their own content. We put together a list of 170+ content ideas for financial blogs. Are you interested in creating your own content?
In this blog, I interview paraplanning professionals to get their take on what the role is, what it pays, and what it potential is for someone who wants to get a job as a financial paraplanner, possibly as a stepping stone to other wealth management jobs. For those of you who are new to my blog/podcast, my name is Sara.
For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I am an irreverent and fun marketing consultant for financial advisors. People only do their taxes because they don’t want to go to jail. They are a commodity. They get paid squat.
For those of you who are new to my blog/podcast, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I am an irreverent and fun marketing consultant for financial advisors. 2 Tax harvesting benefits are exaggerated. Tax loss harvesting can also be very hard to control.
Here are examples of high-value topics compared to less effective ones: Effective Topics: The Ultimate Guide to Minimizing Your Taxes for Business Owners With Fewer Than 25 Employees Are You on Track to Financial Independence As a Physician? Instead, aim to address particular pain points with content that offers practical solutions.
In this blog, Scott Salaske of Firstmetric and I discuss the proper way to read a Form ADV so that you can get the information you need to make an informed choice and avoid working with a financial advisor who is a lying, deceptive grifter. Let’s get on to the blog. #1 We hope our blog on how to read Form ADV is helpful to you.
Most retirees take the standard deduction on their taxes as opposed to choosing to itemize. [1] 1] But, as of the 2017 Tax Cuts and Jobs Act, the only way to benefit tax-wise from donations is to opt to itemize. [1] This may allow your children to itemize their taxes and reduce their tax bracket beyond the standard deduction. [1]
Making the Calculation One of the most important things to consider if you’re making the conversion to a Roth IRA is this: If you have a traditional 401(k), the money in the account is pre-tax, which means you will have to pay full income taxes on what leaves that account. [1] The post Should I Convert My 401(k) To A Roth IRA?
For more on high-yield savings accounts, check out this blog post from last year by my colleague Alicia Vande Ven. You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only.
Example: in January you sent them an email about when the expect their tax documents from their brokerage firm. So January’s blog would be entered on the marketing calendar as: “When should I expect my tax documents from my brokerage?” Sara G Did you sign up for my daily newsletter ?
You also may be able to make after-tax contributions into your 401k as well to get up to the limit. While they are not tax deductible, the gains in the account will be tax deferred. Check out our blog post HERE to learn more about IRA contribution limits. What do I do with my 401(k) if I change employers?
This is not an endorsement of anyone mentioned here, and situations could change and not be reflected here in this blog. I did not interview all the hundreds of thousands of advisors out there, I conducted research using Google, consulted with my network, and posted on social media. Also, there is selection bias inherent in this list.
Reducing your tax liability can literally save you thousands of dollars Tax season can be a stressful time for many people, especially if you’re not fully prepared. However, with some advance planning and preparation, you can take steps to reduce your tax bill for the upcoming year.
Consequently, HNW clients usually have more than one wealth management advisor handling all of their financial concerns, be it handling their investment goals, personal liability insurance, estate taxes, or managing overseas assets. This article " How Advisors Deal With High Net Worth Clients " was first published on BlueMind Blog.
I am an irreverent and fun marketing consultant for financial advisors. I wrote a bunch of consumer advocacy blogs here to protect people from all the BS. Clients are given full access to our entire offering (investments, retirement, college, insurance, tax, estate, etc.) pretty much everything, that goes into this.
Streamlining decision making, he proudly ignores consultant reports, he's getting it back to an operating profit. Up next, Robert Brokamp and Alison Southwick are going to tackle some of those questions that you sent in about saving for kids, taxes and trading, and a little known savings account. I'm warming up to the guy.
How you treat those losses come tax time can mean a lot in the long run of your financial plan. Good portfolio management focuses on after tax rate of returns,” says Ballast Advisors Managing partner Paul Parnell. Tax harvesting is a method of investing that involves buying and selling assets in order to reduce capital gains taxes.
The concept of your domicile is very different from that of your residency Domicile is an important concept in determining one’s residency status for tax purposes. Taxes Matter For tax purposes, an individual’s domicile is often considered to be their state of residency for tax purposes. Residing in Florida?
Additional reading: Here a blog post that does a good job of giving examples of what NFTs could be considered property and real estate. Please consult a tax professional if you have any tax questions specific to your own personal situation. – Clint Walkner. Note: We are not CPAs.
Several of the wealth managers had specialists in-house such as: Chief Philanthropic Advisor, Head of Tax Planning, Family Legal Counselor, Trust Officer If you can’t hire these specialists, work out an arrangement with a close third-party with this expertise. Wear a suit and present yourself conservatively.
.” I’ve heard iterations of this: I’m a CPA and financial advisor, and my best tax return client just hired someone else to do their retirement planning. I’m a CPA and financial advisor, and my best AUM client just hired someone else to do their tax return. Did you sign up for my daily newsletter ?
As Blair duQuesnay, CFA pointed out in a recent blog post: “The husband’s adviser often does not listen to their concerns, is condescending in his answers, and uses confusing jargon.” Even if the male advisor makes every attempt to involve the woman in the financial planning process, she may not want to engage for a variety of reasons.
For those of you who are new to my blog, my name is Sara. I am a CFA charterholder and financial advisor marketing consultant. Your client has a question about how many years to keep their tax returns. And then they throw out the tax returns, creating problems for your planing work. Check it out!
This blog will identify the ‘who’ that could be part of your Centers of Influence (COI) list, and in a subsequent blog we’ll dig into the ‘how’ to form relationships to generate referrals and ‘what’ strategies you can implement to stay top of mind. Tax Planners, such as CPAs and Enrolled Agents. Tax Preparers.
I wrote this blog in response to a question I got from a financial advisor. But first… For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I am a CFA® charterholder and financial advisor marketing consultant. “ I just moved to a new city.
Advisors continue to break away from captive environments for independence, with some 6,873 making the leap in 2022 according to the Diamond Consultants Advisor Transition Report. The answer starts and ends with growth. Plus, they’re flexible with how they price relationships including planning retainers and subscription fees.
For those of you who are new to my blog/podcast, my name is Sara. I am an outsourced CMO for companies who need regular, full service marketing – blogging, social media posts, newsletters, etc. This information is general in nature; for specific advice applicable to your current situation please contact a consultant or advisor.
So, I asked our resident expert in M&A at Diamond Consultants, Louis Diamond , and he shared this real-world example: Let’s consider a wirehouse team generating $5mm in annual revenue, managing $600mm in almost all fee-based assets for high net worth clients.
For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I am an irreverent and fun marketing consultant for financial advisors. For such a recommendation, consult with a financial advisor. And now – let’s get onto the show!
Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives. Sources: [1] [link] [2] [link] [3] [link] This information is provided as general information and is not intended to be specific financial guidance.
Tax-Savvy Holiday Spending While we enjoy the present, let’s not forget about the future. Did you know that some of your end-of-year spending can actually lead to tax benefits? Not only will it bring joy and support a noble cause, but it’s also tax-deductible. Talk about a win-win situation!
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You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. There likely will be lawsuits to challenge the FTC’s non-compete ban, and there are some concerns that this is just the beginning and non-solicits could be the next shoe to drop.
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That is why I wrote this blog about financial advisor technology tips for those who are not the best with things computer-related. You may have granted a third party (IT person, marketing consultant, old employee) the right to access to your online assets such as: Website Email software (I.e.,
For 2024, he’s climbed our influencer chart and is now probably THE top influencer for financial advisors thanks to his blog, Nerd’s Eye View , and his X (Twitter) —both of which have cult-like followings. In this blog post , we share some of Samantha’s insights on authenticity being key when using webinars and courses to attract clients.
We also wrote a less technical blog post on bond duration you can read here. The Walkner Condon Team You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only.
For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I am an irreverent and fun marketing consultant for financial advisors. Bak believes that if the market is down and there is an opportunity to tax loss harvest, there may be an exodus from SPY.
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