Month: March 2022

Ricardo Mojana | Getty Images As the Great Resignation continues, employees are rethinking salaries, work-life balance and flexibility in their new careers. Some are willing to take a pay cut in exchange for a better schedule. One-third of workers who switched jobs during the pandemic took less pay in exchange for better work-life balance, according
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This financial advisor thinks tax planning should be part of every client relationship. Reducing your taxes is an integral part of a comprehensive financial plan as well as any wealth-building strategy. Even among clients who are just utilizing a financial advisor for investment management, tax efficiency is essential to optimal portfolio performance (after all, it’s
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Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images A group of bipartisan lawmakers is pressing the IRS for answers on lingering issues amid a backlog of millions of unprocessed returns. Sens. Bob Menendez, D-N.J., and Bill Cassidy, R-La., members of the Senate Finance Committee overseeing the
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Digital financial planning is a force multiplier that allows advisors to serve more people in a more insightful way Changing Landscape The financial planning landscape has changed with a quantum shift in demographics and an increasing interest from younger generations wanting to learn more about financial planning. According to ICI Research, there are some 38%
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Most estate planning discussions assume assets flow in only one direction, from older generations to younger generations. That focus neglects some opportunities to increase family after-tax wealth. It’s not unusual for adult children to help care for their parents or have more wealth or higher incomes than their parents. In those situations, reverse estate planning
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It’s the middle of every American’s favorite time of the year … to hate: tax season. Starting on Jan 24th, the IRS started accepting tax returns for the 2021 tax year. Here are three of the most common tax season mistakes you don’t want to make: 1) Missing last minute tax-saving opportunities. While it’s too
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